Topic: How To Invest

Q: Pat, what do you think of Teledyne Technologies? Thanks.

Article Excerpt

A: Teledyne Technologies Inc., $419.96, symbol TDY on New York (Shares outstanding: 47.0 million; Market cap: $20.0 billion; Manufacturing sector; TSINetwork Rating: Extra Risk;, provides advanced technology products and services to the energy, oceanographic research, environmental monitoring, electronic design and development, factory automation, and medical imaging markets. The company operates primarily in the U.S., the U.K., and Western and Northern Europe. Customers include the U.S. Department of Defense, aerospace contractors, oil and gas exploration and development companies, industrial firms and airlines. Teledyne made a major purchase in January 2021, when it acquired Flir Systems Inc. (symbol FLIR on Nasdaq) for $8 billion. Flir makes thermal imaging systems. Its primary customers are government agencies in over 60 countries, although it also serves commercial and industrial clients. Flir’s sensor technologies complement Teledyne’s existing technology in this area. It also strengthens the company’s offerings to its global customer base. Meanwhile, Teledyne announced on January 3, 2023, that it would acquire Cyprus-based ChartWorld International Limited. That…