Teledyne Technologies Incorporated (TDY)

Teledyne Technologies' stock has trended upwards, increasing by 8.11% in the past six months. The stock has seen a five-day rally driven by strong analyst sentiment and buy ratings. Key events impacting the stock price include strong earnings reports, acquisitions of Micropac and Qioptiq, share repurchases, and the approval of Teledyne FLIR's Black Hornet 4 Nano-Drone for the Defense Innovation Unit's Blue UAS List.

Teledyne Technologies' business is not considered to be materially seasonal.

Teledyne Technologies Incorporated is a leading industrial conglomerate operating primarily in the technology and communications sector, specializing in advanced technology solutions. Its diverse portfolio is structured across four main segments: Digital Imaging, which offers various spectrum sensors and digital cameras; Instrumentation, which provides monitoring and control instruments; Aerospace and Defense Electronics, which delivers electronic components and subsystems; and Engineered Systems, which focuses on systems engineering and manufacturing solutions.

Teledyne Technologies Incorporated is headquartered in Thousand Oaks, California, United States, and has a global business presence. In the quarter ending June 2024, "All other countries" contributed 8.7% to total revenue, Asia accounted for 15.9%, and Europe generated 23.1%. For the full year 2024, total revenue is projected to be $5.64 billion, with "All other countries" contributing 8.1%, Asia 16.3%, and Europe 24.3%.

Teledyne Technologies has undertaken initiatives to strengthen its brand and has received positive sentiment from analysts. Teledyne FLIR OEM unveiled a new brand and website to strengthen its supply chain and accelerate innovation in infrared imaging. Teledyne FLIR Defense's Black Hornet 4 Nano-Drone was approved for the Defense Innovation Unit's Blue UAS List. Teledyne Technologies continues to receive "Strong Buy" ratings from analysts, reflecting growing investor confidence.

Teledyne Technologies Incorporated has significant institutional ownership, with approximately 83.70% of the company's stock owned by institutional investors, 1.02% held by insiders, and 15.28% by public companies and individual investors. Major institutional owners include Vanguard Group Inc, Price T Rowe Associates Inc /md/, BlackRock, Inc., and State Street Corp, among others.