Teledyne Technologies Incorporated (TDY) attracts significant investment from prominent bodies like
Norges Bank and
Quadrant Capital Group. However, TDY stock also witnessed a sell-off from
Teacher Retirement System of Texas and Swiss National Bank. The company's
Q1 2024 earnings did not meet estimates, contributing to the
stock's recent weakness. Nonetheless, the company continues to garner
moderate to buy recommendations from various analysts and brokerages. TDY also reported record earnings and margins in
Q4 2023. Investment in TDY five years ago would have resulted in a
significant gain with a return of 275%. TDY's recent unveiling of the
Kobra 725 modular robot adds to its innovative portfolio. However,
shareholder returns risks are elevated at the current stock price levels. TDY is largely controlled by institutional shareholders, owning 88% of the company. TDY's acquisition of
Adimec and Valeport indicate its aggressive growth strategy. Despite its promising aspects, TDY stock recently traded
lower by 9% amid disappointing earnings.
Teledyne Technologies Incorporated TDY News Analytics from Fri, 14 May 2021 07:00:00 GMT to Thu, 23 May 2024 15:12:08 GMT -
Rating 5
- Innovation 6
- Information 7
- Rumor 2
