Commonwealth of Pennsylvania Public School Empls Retrmt SYS boosted its position in Teleflex Incorporated (NYSE:TFX) by 0.1% in the second quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The institutional investor owned 6,565 shares of the medical technology company’s stock after purchasing an additional 5 shares during the quarter. Commonwealth of Pennsylvania Public School Empls Retrmt SYS’s holdings in Teleflex were worth $1,364,000 at the end of the most recent quarter.
Other institutional investors and hedge funds have also recently bought and sold shares of the company. OLD Mutual Customised Solutions Proprietary Ltd. raised its holdings in Teleflex by 200.0% in the first quarter. OLD Mutual Customised Solutions Proprietary Ltd. now owns 900 shares of the medical technology company’s stock worth $174,000 after purchasing an additional 600 shares in the last quarter. Campbell & CO Investment Adviser LLC bought a new position in Teleflex in the second quarter worth $200,000. Harvey Capital Management Inc. bought a new position in Teleflex in the second quarter worth $207,000. Advisor Partners LLC bought a new position in Teleflex in the second quarter worth $212,000. Finally, Letko Brosseau & Associates Inc. bought a new position in Teleflex in the first quarter worth $213,000. Institutional investors and hedge funds own 90.50% of the company’s stock.
TFX has been the subject of a number of research reports. Barclays PLC reiterated a “buy” rating on shares of Teleflex in a report on Monday, June 26th. Zacks Investment Research upgraded Teleflex from a “hold” rating to a “buy” rating and set a $228.00 price objective for the company in a report on Friday, June 23rd. Needham & Company LLC reiterated a “buy” rating on shares of Teleflex in a report on Friday, August 4th. Jefferies Group LLC reiterated a “buy” rating and issued a $230.00 price objective on shares of Teleflex in a report on Thursday, August 3rd. Finally, Deutsche Bank AG reiterated a “buy” rating and issued a $238.00 price objective (up previously from $220.00) on shares of Teleflex in a report on Wednesday, August 9th. One investment analyst has rated the stock with a sell rating, two have given a hold rating and seven have issued a buy rating to the stock. Teleflex presently has a consensus rating of “Buy” and an average price target of $246.00.
Shares of Teleflex Incorporated (NYSE:TFX) opened at 232.75 on Friday. The stock has a market capitalization of $10.48 billion, a PE ratio of 44.51 and a beta of 1.05. The stock has a 50 day moving average price of $211.66 and a 200-day moving average price of $202.56. Teleflex Incorporated has a 1-year low of $136.53 and a 1-year high of $235.18.
Teleflex (NYSE:TFX) last released its quarterly earnings results on Thursday, August 3rd. The medical technology company reported $2.04 EPS for the quarter, topping the Thomson Reuters’ consensus estimate of $1.91 by $0.13. The firm had revenue of $528.60 million during the quarter, compared to analyst estimates of $518.98 million. Teleflex had a return on equity of 16.12% and a net margin of 12.36%. The business’s revenue for the quarter was up 11.6% compared to the same quarter last year. During the same period in the previous year, the company posted $1.89 EPS. On average, analysts forecast that Teleflex Incorporated will post $8.28 earnings per share for the current year.
The business also recently declared a quarterly dividend, which will be paid on Friday, September 15th. Stockholders of record on Tuesday, August 15th will be given a $0.34 dividend. This represents a $1.36 annualized dividend and a dividend yield of 0.58%. The ex-dividend date of this dividend is Friday, August 11th. Teleflex’s payout ratio is 26.00%.
In related news, Director Gretchen R. Haggerty purchased 1,000 shares of Teleflex stock in a transaction dated Wednesday, June 21st. The stock was purchased at an average cost of $203.82 per share, with a total value of $203,820.00. Following the transaction, the director now owns 1,760 shares in the company, valued at approximately $358,723.20. The purchase was disclosed in a document filed with the SEC, which is available through the SEC website. Also, Director Stephen K. M.D. Klasko sold 200 shares of the business’s stock in a transaction on Friday, September 1st. The stock was sold at an average price of $211.75, for a total value of $42,350.00. Following the completion of the transaction, the director now directly owns 8,080 shares of the company’s stock, valued at $1,710,940. The disclosure for this sale can be found here. Over the last three months, insiders sold 600 shares of company stock valued at $125,652. Corporate insiders own 2.39% of the company’s stock.
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Teleflex Incorporated is a provider of medical technology products. The Company designs, develops, manufactures and supplies single-use medical devices used by hospitals and healthcare providers for diagnostic and therapeutic procedures in critical care and surgical applications. The Company operates through six segments: Vascular North America; Anesthesia North America; Surgical North America; Europe, the Middle East and Africa (EMEA); Asia, and Original Equipment Manufacturer (OEM).
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