Teledyne Technologies Incorporated (TDY) has shown strong presence lately with considerable investment actions, high value contracts, and corporate activities. In recent trading sessions, TDY shares increased by 0.5% since the last earnings report. This is partly due to &Partners' significant $1.08 million investment in the organization and Raymond James & Associates' purchase of TDY shares. The company made headlines in the field of defense, securing a $114 million contract to enhance missile defense systems. Hedge Funds are especially bullish on this Scientific Instruments stock now. In a major move, the company completed the acquisition of Adimec. Furthermore, TDY announced its successful Q2 2024 earnings. More success news came as its quarter earnings topped estimates despite revenues being down year-on-year (Y/Y). The company is now set to acquire Valeport.On the downside, the company's Q1 2024 earnings missed estimates and Wedge Capital Management L L P NC sold 3,665 shares of the company. Despite recent weakness in the stock, the company's fundamentals remain strong enough to warrant buying interest. TDY's risk to shareholder returns is, however, elevated at the current prices. This puts the company under watch by investors
Teledyne Technologies Incorporated TDY News Analytics from Wed, 14 Dec 2016 08:00:00 GMT to Sun, 25 Aug 2024 15:00:05 GMT -
Rating 8
- Innovation 7
- Information 9
- Rumor -3
