Teledyne Technologies Incorporated (TDY) has been receiving considerable attention from analysts and investors, with their stock seeing multiple buys and sales from various institutional shareholders. Firms like Russell Investments Group Ltd., Everpar Advisors LLC, First Trust Direct Indexing LP, Atria Wealth Solutions, and Natixis Advisors LP have increased their position, while Swiss National Bank, Retirement Systems of Alabama, and New York Life Investment Management LLC have reduced their TDY holdings. Despite some positive portfolio movements and a strong five-year return of 275%, concerns around elevated shareholder return risks at the current price levels have been raised.
Recent first quarter 2024 results fell short of estimates for both earnings and revenues, with TDY downgrading their EPS outlook for 2024 following the news. The disappointment was partially offset by the company reporting record earnings and margins in Q4 2023. On the corporate side, several insider sell-offs have occurred, including Director Charles Crocker and Vice Chairman Jason VanWees selling 4,000 and 3,700 shares respectively. The company continues to innovate with its latest unveiling of the Rogue 1 Loitering Munition System.
Teledyne Technologies Incorporated TDY News Analytics from Fri, 24 Dec 2021 08:00:00 GMT to Thu, 09 May 2024 01:51:24 GMT - Rating 0 - Innovation 2 - Information 8 - Rumor 6
