Teledyne Technologies Incorporated (TDY) has seen a surge in hedge fund bullishness. Bessemer Group Inc. and Covestor Ltd have increased their stakes in the company, while Vertical Research has initiated coverage with a buy recommendation. TDY's Q2 2024 earnings reveal a GAAP EPS of $3.77, outperforming estimates with a revenue of $1.37 billion. Following an upbeat earnings report, TDY's price target was revised upwards to $482.00 by Analysts at Needham & Company LLC. However, despite the robust figures, the company's stock was downgraded by StockNews.com. The company also issued Q3 and FY24 earnings guidance. Several transactions took place with stakes acquired and sold by multiple entities including Orion Portfolio Solutions LLC, UniSuper Management Pty Ltd, and US Bancorp DE, indicating a strong interest in the market. TDY has also surpassed Q2 earnings estimates. However, some analysts caution against the heightened shareholder return risks at the firm's current prices.
Teledyne Technologies Incorporated TDY News Analytics from Tue, 12 Dec 2023 08:00:00 GMT to Sat, 27 Jul 2024 14:38:59 GMT -
Rating 5
- Innovation 2
- Information -1
- Rumor 2
