Teledyne Technologies Incorporated (TDY) has been an active player in the recent investment scene. Major financial entities like Proficio Capital Partners, Versor Investments, and Principal Financial Group have poured millions into the techno-company. However, movements like those of the Bank of New York Mellon Corp and ARK Investment Management have seen a reduction in their stake. TDY's defense subdivision, Teledyne FLIR Defense won a $15 million contract for their Black Hornet 4 Nano-Drones and is expected to serve the German Armed Forces. Despite missing the EPS expectations for Full Year 2024 earnings, TDY reported significant increases in Q4 Sales. They've added strategic acquisitions to their portfolio, notably from Select Aerospace and Defense Electronics Businesses of Excelitas and Micropac. Company insiders like Robert Mehrabian and Charles Crocker were seen selling their shares of TDY, while others increased their positions. Additionally, TDY is projected for a prosperous run on the stock market, with an increased outlook for 2025.
Teledyne Technologies Incorporated TDY News Analytics from Thu, 03 Oct 2024 07:00:00 GMT to Sat, 01 Mar 2025 10:19:06 GMT - Rating 0 - Innovation 8 - Information 7 - Rumor 3
