Geode Capital Management LLC increased its position in Teleflex Incorporated (NYSE:TFX) by 2.4% in the fourth quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The firm owned 398,866 shares of the medical technology company’s stock after purchasing an additional 9,515 shares during the quarter. Geode Capital Management LLC’s holdings in Teleflex were worth $99,192,000 as of its most recent filing with the Securities & Exchange Commission.
Other institutional investors and hedge funds have also recently added to or reduced their stakes in the company. Amalgamated Bank increased its position in Teleflex by 5.9% during the 4th quarter. Amalgamated Bank now owns 9,161 shares of the medical technology company’s stock valued at $2,279,000 after buying an additional 509 shares in the last quarter. Ascend Capital LLC bought a new position in Teleflex during the 4th quarter valued at approximately $4,390,000. Barometer Capital Management Inc. increased its position in Teleflex by 3.2% during the 4th quarter. Barometer Capital Management Inc. now owns 8,075 shares of the medical technology company’s stock valued at $2,009,000 after buying an additional 250 shares in the last quarter. Carillon Tower Advisers Inc. bought a new position in Teleflex during the 4th quarter valued at approximately $3,009,000. Finally, OppenheimerFunds Inc. increased its position in Teleflex by 55.8% during the 4th quarter. OppenheimerFunds Inc. now owns 58,381 shares of the medical technology company’s stock valued at $14,527,000 after buying an additional 20,904 shares in the last quarter. Institutional investors own 90.75% of the company’s stock.
Shares of Teleflex Incorporated (NYSE:TFX) opened at $269.26 on Monday. The company has a market capitalization of $12,129.97, a price-to-earnings ratio of 32.06, a price-to-earnings-growth ratio of 1.99 and a beta of 1.22. Teleflex Incorporated has a fifty-two week low of $191.04 and a fifty-two week high of $288.78. The company has a quick ratio of 1.51, a current ratio of 2.33 and a debt-to-equity ratio of 0.89.
The firm also recently announced a quarterly dividend, which will be paid on Thursday, March 15th. Shareholders of record on Friday, March 2nd will be issued a $0.34 dividend. This represents a $1.36 dividend on an annualized basis and a dividend yield of 0.51%. The ex-dividend date is Thursday, March 1st. Teleflex’s payout ratio is 41.59%.
In other Teleflex news, VP John Deren sold 1,359 shares of Teleflex stock in a transaction on Wednesday, February 28th. The stock was sold at an average price of $255.67, for a total value of $347,455.53. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at this hyperlink. Also, Director George Babich, Jr. sold 2,500 shares of Teleflex stock in a transaction on Monday, February 26th. The stock was sold at an average price of $255.61, for a total value of $639,025.00. Following the completion of the sale, the director now directly owns 8,886 shares of the company’s stock, valued at approximately $2,271,350.46. The disclosure for this sale can be found here. In the last three months, insiders sold 11,759 shares of company stock valued at $3,089,211. Corporate insiders own 2.39% of the company’s stock.
A number of research analysts recently weighed in on TFX shares. Leerink Swann reaffirmed a “buy” rating and set a $321.00 price objective (up previously from $307.00) on shares of Teleflex in a research report on Tuesday, January 30th. Stephens reaffirmed a “buy” rating and set a $300.00 price objective on shares of Teleflex in a research report on Thursday, January 18th. ValuEngine lowered Teleflex from a “buy” rating to a “hold” rating in a research report on Friday, December 1st. Finally, Deutsche Bank lowered Teleflex from a “buy” rating to a “hold” rating and set a $251.00 price objective for the company. in a research report on Tuesday, November 14th. One analyst has rated the stock with a sell rating, five have given a hold rating and six have given a buy rating to the company. Teleflex currently has a consensus rating of “Hold” and a consensus price target of $281.56.
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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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