Toronto Dominion Bank Has $5.83 Million Stock Position in Teleflex Incorporated (NYSE:TFX)

Toronto Dominion Bank raised its holdings in Teleflex Incorporated (NYSE:TFX) by 1.4% during the third quarter, according to the company in its most recent 13F filing with the SEC. The institutional investor owned 23,566 shares of the medical technology company’s stock after purchasing an additional 321 shares during the quarter. Toronto Dominion Bank owned 0.05% of Teleflex worth $5,828,000 as of its most recent SEC filing.

Several other hedge funds and other institutional investors also recently modified their holdings of TFX. Cromwell Holdings LLC boosted its stake in shares of Teleflex by 59.0% in the 3rd quarter. Cromwell Holdings LLC now owns 132 shares of the medical technology company’s stock valued at $33,000 after purchasing an additional 49 shares in the last quarter. Avior Wealth Management LLC boosted its position in Teleflex by 190.6% in the third quarter. Avior Wealth Management LLC now owns 154 shares of the medical technology company’s stock valued at $38,000 after buying an additional 101 shares in the last quarter. Ashton Thomas Securities LLC bought a new stake in shares of Teleflex during the third quarter worth $40,000. True Wealth Design LLC grew its stake in shares of Teleflex by 16,600.0% during the third quarter. True Wealth Design LLC now owns 167 shares of the medical technology company’s stock worth $41,000 after buying an additional 166 shares during the last quarter. Finally, Canada Pension Plan Investment Board acquired a new position in shares of Teleflex during the second quarter worth $42,000. Institutional investors own 95.62% of the company’s stock.

Analyst Ratings Changes

A number of equities research analysts recently weighed in on the company. Needham & Company LLC restated a “hold” rating on shares of Teleflex in a research report on Friday, November 1st. Truist Financial reaffirmed a “hold” rating and issued a $227.00 price objective (down previously from $255.00) on shares of Teleflex in a research note on Monday, November 4th. Mizuho reduced their target price on shares of Teleflex from $275.00 to $250.00 and set a “neutral” rating on the stock in a report on Friday, November 1st. Royal Bank of Canada dropped their price target on shares of Teleflex from $275.00 to $245.00 and set an “outperform” rating for the company in a research note on Friday, November 1st. Finally, StockNews.com raised shares of Teleflex from a “hold” rating to a “buy” rating in a research note on Thursday, November 28th. Three equities research analysts have rated the stock with a hold rating and six have assigned a buy rating to the stock. Based on data from MarketBeat, the company has an average rating of “Moderate Buy” and a consensus price target of $259.00.

Teleflex Stock Down 1.7 %

Shares of NYSE TFX opened at $180.14 on Friday. The company’s 50 day moving average price is $208.28 and its 200-day moving average price is $220.60. The company has a debt-to-equity ratio of 0.37, a quick ratio of 1.39 and a current ratio of 2.42. Teleflex Incorporated has a 52-week low of $179.82 and a 52-week high of $257.85. The company has a market capitalization of $8.37 billion, a P/E ratio of 35.81, a price-to-earnings-growth ratio of 1.84 and a beta of 1.16.

Teleflex (NYSE:TFX) last issued its quarterly earnings results on Thursday, October 31st. The medical technology company reported $3.49 EPS for the quarter, beating analysts’ consensus estimates of $3.38 by $0.11. Teleflex had a net margin of 7.85% and a return on equity of 14.19%. The business had revenue of $764.40 million for the quarter, compared to analysts’ expectations of $768.68 million. During the same quarter in the prior year, the firm posted $3.64 earnings per share. The business’s quarterly revenue was up 2.4% compared to the same quarter last year. Equities analysts forecast that Teleflex Incorporated will post 13.98 earnings per share for the current year.

Teleflex Announces Dividend

The firm also recently announced a quarterly dividend, which will be paid on Monday, December 16th. Investors of record on Friday, November 15th will be paid a dividend of $0.34 per share. The ex-dividend date is Friday, November 15th. This represents a $1.36 annualized dividend and a yield of 0.75%. Teleflex’s dividend payout ratio is currently 27.04%.

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.