Teledyne Technologies Incorporated (TDY) has seen various investment actions recently, with Russell Investments Group Ltd and other entities reducing their positions, while Vanguard Group Inc., US Bancorp DE, BNP PARIBAS ASSET MANAGEMENT Holding S.A., and others have increased their stake. Their Q2 earnings estimates suggest a decline. Analysts have set TDY's target price at $470.83. Qsemble Capital Management LP, Forsta AP Fonden, Oppenheimer Asset Management Inc, and others hold significant stakes in TDY. On a negative note, TDY's Q1 2024 Earnings and revenues were below estimates causing a stock price drop. Teledyne has had several significant developments recently, with record earnings and margins in Q4 2023, contracts with a NATO partner for advanced weapon sights, acquiring companies like Valeport and Adimec, and strategic partnerships. Furthermore, the company received a $249 million IDIQ contract with the U.S. Marine Corps. These suggest TDY has significant potential despite its stock's recent weakness.
