Teledyne Technologies Incorporated (TDY) has reportedly seen a
rise in its shares, with several large investors increasing their positions. The company shares have also
jumped 3.2% this week. Various financial management firms are said to have expanded their holdings in TDY, with some significant investments coming from Bank of Montreal, FORA Capital, and Verition Fund Management, among others. However, some institutions like Citigroup and Loomis Sayles & Co have somewhat decreased their stakes. The company announced that it will
acquire select aerospace and defense electronics businesses of Excelitas and Micropac, likely hoping to boost its military tech portfolio. These actions are concurrent with TDY reports of record sales and
strategic achievements. However, despite robust growth and stock hitting 52-week high, some insiders have sold substantial shares. The company's third-quarter results seemingly beat expectations, contributing to its positive outlook. Despite these, Teledyne faced criticisms over lacking growth.
Teledyne Technologies Incorporated TDY News Analytics from Tue, 12 Mar 2024 07:00:00 GMT to Sat, 30 Nov 2024 11:46:40 GMT -
Rating 7
- Innovation 6
- Information 6
- Rumor -3
