US Bancorp DE has reduced its stake in
Teledyne Technologies Incorporated (TDY). Despite the stock's recent weakness, the company's fundamentals are being questioned. Major investors such as
HSBC Holdings and
Nomura Asset Management have increased their positions, while analyst updates suggest elevated risks at current share prices. The company reported record earnings and margins in Q4 2023, missed Q1 2024 earnings estimate, however aligned with EPS projections. Major investment firms including
Coldstream Capital Management and
Van ECK Associates Corp have invested heavily. Investors who invested five years ago would have gained 85%, while current shareholders control 88% of the shares. The company plans to acquire
Valeport and
Adimec. Insider selling has been noted, with Vice Chairman
Jason Vanwees and CEO
Robert Mehrabian offloading their shares.
BofA downgraded Teledyne stock citing slowdown in Digital Imaging. The company has also signed a contract to supply the Canadian Government with drones and unveiled new 3D vision solutions through collaboration with
Airy3D.
Teledyne Technologies Incorporated TDY News Analytics from Wed, 22 Jan 2020 08:00:00 GMT to Sat, 01 Jun 2024 11:30:13 GMT -
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- Innovation 7
- Information 8
- Rumor -5
