Teleflex Incorporated (NYSE:TFX) Shares Purchased by E Fund Management Co. Ltd.

E Fund Management Co. Ltd. increased its position in shares of Teleflex Incorporated (NYSE:TFX) by 138.6% in the fourth quarter, HoldingsChannel reports. The firm owned 1,940 shares of the medical technology company’s stock after acquiring an additional 1,127 shares during the quarter. E Fund Management Co. Ltd.’s holdings in Teleflex were worth $345,000 as of its most recent filing with the Securities & Exchange Commission.

A number of other institutional investors and hedge funds have also recently modified their holdings of the company. Janney Montgomery Scott LLC raised its position in Teleflex by 0.4% during the third quarter. Janney Montgomery Scott LLC now owns 15,332 shares of the medical technology company’s stock valued at $3,792,000 after acquiring an additional 65 shares in the last quarter. Robeco Institutional Asset Management B.V. purchased a new position in Teleflex during the third quarter valued at approximately $687,000. QRG Capital Management Inc. purchased a new position in Teleflex during the third quarter valued at approximately $509,000. Principal Financial Group Inc. raised its position in Teleflex by 2.7% during the third quarter. Principal Financial Group Inc. now owns 80,409 shares of the medical technology company’s stock valued at $19,887,000 after acquiring an additional 2,086 shares in the last quarter. Finally, Capital Performance Advisors LLP purchased a new position in Teleflex during the third quarter valued at approximately $54,000. Institutional investors and hedge funds own 95.62% of the company’s stock.

Analysts Set New Price Targets

TFX has been the subject of several recent research reports. Truist Financial reduced their price target on Teleflex from $200.00 to $149.00 and set a “hold” rating for the company in a research report on Monday, March 3rd. StockNews.com cut Teleflex from a “buy” rating to a “hold” rating in a research report on Friday, February 28th. Raymond James cut Teleflex from an “outperform” rating to a “market perform” rating in a research report on Friday, February 28th. Royal Bank of Canada cut Teleflex from an “outperform” rating to a “sector perform” rating and cut their price objective for the company from $220.00 to $155.00 in a research report on Friday, February 28th. Finally, Wells Fargo & Company cut their price objective on Teleflex from $214.00 to $146.00 and set an “equal weight” rating for the company in a research report on Friday, February 28th. One analyst has rated the stock with a sell rating, nine have given a hold rating and two have given a buy rating to the company. Based on data from MarketBeat, the company presently has an average rating of “Hold” and an average price target of $182.63.

Teleflex Trading Up 2.9 %

TFX opened at $140.24 on Friday. The company has a debt-to-equity ratio of 0.37, a current ratio of 2.42 and a quick ratio of 1.39. The company’s 50 day simple moving average is $171.13 and its two-hundred day simple moving average is $201.30. Teleflex Incorporated has a 1-year low of $128.55 and a 1-year high of $249.90. The firm has a market capitalization of $6.50 billion, a price-to-earnings ratio of 27.88, a price-to-earnings-growth ratio of 1.73 and a beta of 1.21.

Teleflex (NYSE:TFX) last announced its quarterly earnings results on Thursday, February 27th. The medical technology company reported $3.89 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $3.86 by $0.03. The business had revenue of $795.40 million during the quarter, compared to the consensus estimate of $813.24 million. Teleflex had a net margin of 7.85% and a return on equity of 14.19%. Analysts expect that Teleflex Incorporated will post 13.98 EPS for the current fiscal year.

Teleflex Announces Dividend

The company also recently declared a quarterly dividend, which will be paid on Monday, March 17th. Stockholders of record on Friday, March 7th will be issued a dividend of $0.34 per share. The ex-dividend date of this dividend is Friday, March 7th. This represents a $1.36 dividend on an annualized basis and a dividend yield of 0.97%. Teleflex’s dividend payout ratio is currently 95.77%.

About Teleflex

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.