Teleflex Incorporated (NYSE:TFX) Shares Purchased by Quantbot Technologies LP

Quantbot Technologies LP raised its position in Teleflex Incorporated (NYSE:TFX) by 877.6% during the 2nd quarter, HoldingsChannel.com reports. The firm owned 23,228 shares of the medical technology company’s stock after acquiring an additional 20,852 shares during the period. Quantbot Technologies LP’s holdings in Teleflex were worth $4,886,000 at the end of the most recent quarter.

Several other hedge funds have also made changes to their positions in the company. Kentucky Retirement Systems raised its position in shares of Teleflex by 1.1% during the 4th quarter. Kentucky Retirement Systems now owns 3,760 shares of the medical technology company’s stock valued at $938,000 after buying an additional 42 shares during the period. Oregon Public Employees Retirement Fund raised its position in Teleflex by 1.2% in the second quarter. Oregon Public Employees Retirement Fund now owns 4,021 shares of the medical technology company’s stock valued at $846,000 after purchasing an additional 46 shares during the period. Crossmark Global Holdings Inc. lifted its stake in shares of Teleflex by 1.9% in the 2nd quarter. Crossmark Global Holdings Inc. now owns 2,779 shares of the medical technology company’s stock valued at $584,000 after purchasing an additional 53 shares during the last quarter. KBC Group NV grew its holdings in shares of Teleflex by 1.8% during the 4th quarter. KBC Group NV now owns 3,173 shares of the medical technology company’s stock worth $791,000 after purchasing an additional 55 shares during the period. Finally, Empirical Finance LLC increased its position in shares of Teleflex by 3.9% during the 1st quarter. Empirical Finance LLC now owns 1,564 shares of the medical technology company’s stock worth $354,000 after purchasing an additional 58 shares during the last quarter. Hedge funds and other institutional investors own 95.62% of the company’s stock.

Wall Street Analyst Weigh In

A number of research analysts have commented on the stock. Royal Bank of Canada upped their target price on shares of Teleflex from $235.00 to $260.00 and gave the company an “outperform” rating in a research report on Friday, August 2nd. Piper Sandler upgraded shares of Teleflex from a “neutral” rating to an “overweight” rating and upped their price objective for the stock from $205.00 to $245.00 in a report on Monday, July 1st. Truist Financial lifted their target price on shares of Teleflex from $240.00 to $247.00 and gave the company a “hold” rating in a report on Monday, August 5th. Finally, Stephens upped their price target on Teleflex from $275.00 to $290.00 and gave the stock an “overweight” rating in a research note on Friday, August 2nd. Three investment analysts have rated the stock with a hold rating and six have assigned a buy rating to the stock. According to data from MarketBeat, the company has an average rating of “Moderate Buy” and a consensus price target of $265.57.

Teleflex Stock Up 1.4 %

Shares of NYSE TFX opened at $246.05 on Monday. Teleflex Incorporated has a 12-month low of $177.63 and a 12-month high of $257.85. The stock has a market cap of $11.59 billion, a P/E ratio of 39.49, a PEG ratio of 2.20 and a beta of 1.16. The company has a current ratio of 2.58, a quick ratio of 1.44 and a debt-to-equity ratio of 0.36. The business’s fifty day simple moving average is $232.92 and its 200-day simple moving average is $219.78.

Teleflex (NYSE:TFX) last posted its quarterly earnings results on Thursday, August 1st. The medical technology company reported $3.42 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $3.33 by $0.09. Teleflex had a return on equity of 14.51% and a net margin of 8.76%. The company had revenue of $749.70 million for the quarter, compared to analyst estimates of $762.98 million. During the same quarter last year, the company earned $3.41 EPS. Teleflex’s revenue for the quarter was up .9% compared to the same quarter last year. As a group, equities analysts predict that Teleflex Incorporated will post 13.97 EPS for the current fiscal year.

Teleflex Announces Dividend

The company also recently declared a quarterly dividend, which will be paid on Monday, September 16th. Shareholders of record on Thursday, August 15th will be issued a dividend of $0.34 per share. This represents a $1.36 annualized dividend and a yield of 0.55%. The ex-dividend date of this dividend is Thursday, August 15th. Teleflex’s dividend payout ratio (DPR) is presently 21.83%.

Insider Buying and Selling at Teleflex

In other news, Director Stuart A. Randle sold 2,674 shares of Teleflex stock in a transaction on Friday, August 16th. The shares were sold at an average price of $238.93, for a total transaction of $638,898.82. Following the completion of the sale, the director now directly owns 5,496 shares of the company’s stock, valued at approximately $1,313,159.28. The transaction was disclosed in a filing with the SEC, which is available through the SEC website. Insiders own 1.43% of the company’s stock.

Teleflex Profile

Teleflex Incorporated designs, develops, manufactures, and supplies single-use medical devices for common diagnostic and therapeutic procedures in critical care and surgical applications worldwide. The company provides vascular access products that comprise Arrow branded catheters, catheter navigation and tip positioning systems, and intraosseous access systems for the administration of intravenous therapies, the measurement of blood pressure, and the withdrawal of blood samples through a single puncture site.