The
Teledyne Technologies Incorporated (TDY) showed noticeable activity, with multiple highlights reported. The
New York State Teachers Retirement System and the
State of Alaska Department of Revenue sold sizeable shares of TDY, as did
Assenagon Asset Management S.A.,
SG Americas Securities LLC, and
Mediolanum International Funds Ltd. Despite this,
Congress Asset Management Co. and
International Assets Investment Management LLC raised their TDY stock positions. On the earnings front, TDY exceeded Q3 earnings and revenue estimates, with third quarter results reporting record sales and strategic growth.
Supply-chain challenges were raised as a potential obstacle that could impact TDY’s earnings. Significant
contracts won by
Teledyne FLIR Defense were announced, including a $91 Million contract from U.S. Army for Black Hornet 4 Nano-drones and contracts worth up to $47M to provide a range of ground robots to the US Government.
Acquisitions were also part of recent activities with TDY acquiring
Valeport and
Adimec.
Teledyne Technologies Incorporated TDY News Analytics from Thu, 19 Jul 2018 16:09:21 GMT to Sat, 02 Nov 2024 08:44:15 GMT -
Rating 8
- Innovation 7
- Information 9
- Rumor -3
