Teledyne Technologies Incorporated (TDY) has been hitting new
1-year highs, prompting multiple reasons for investors to add this stock to their portfolio. These include lucrative contract awards, such as a $47M ground robot supply deal with the US Government, and enhanced sales growth indicators. Key partnerships are also attracting new investments, like Sanctuary Advisors LLC's $4.95 million investment in the company. However, recent insider sell-offs and reduced holdings by Squarepoint Ops LLC and Select Equity Group L.P. have raised concerns. Additionally, there's some investor worry about low segmental sales potentially impacting earnings. The company has also expanded into the aerospace domain, securing a
$114 Million contract for missile defense systems and received a
$20 Million contract for the F-35 Program. Other innovative product launches such as the first 16k TDI line scan camera and Black Hornet 4 Personal Reconnaissance System mark its ongoing push towards technological advancements. There have also been acquisitions, including the successful acquisition of FLIR and Adimec.
Teledyne Technologies Incorporated TDY News Analytics from Thu, 30 Apr 2015 07:00:00 GMT to Fri, 11 Oct 2024 17:55:35 GMT -
Rating 8
- Innovation 7
- Information 8
- Rumor -5
