Public Employees Retirement System of Ohio Grows Stock Holdings in Teleflex Incorporated (NYSE:TFX)

Public Employees Retirement System of Ohio grew its position in Teleflex Incorporated (NYSE:TFX) by 43.0% during the third quarter, according to its most recent 13F filing with the SEC. The institutional investor owned 25,677 shares of the medical technology company’s stock after buying an additional 7,721 shares during the period. Public Employees Retirement System of Ohio owned 0.06% of Teleflex worth $6,350,000 at the end of the most recent quarter.

Other institutional investors and hedge funds have also recently modified their holdings of the company. Nomura Asset Management Co. Ltd. boosted its stake in Teleflex by 12.3% in the third quarter. Nomura Asset Management Co. Ltd. now owns 14,015 shares of the medical technology company’s stock valued at $3,466,000 after acquiring an additional 1,533 shares in the last quarter. XTX Topco Ltd lifted its holdings in shares of Teleflex by 398.8% during the 3rd quarter. XTX Topco Ltd now owns 5,422 shares of the medical technology company’s stock valued at $1,341,000 after purchasing an additional 4,335 shares during the last quarter. iSAM Funds UK Ltd acquired a new stake in shares of Teleflex in the 3rd quarter worth $397,000. Wahed Invest LLC grew its stake in Teleflex by 15.8% during the 3rd quarter. Wahed Invest LLC now owns 1,142 shares of the medical technology company’s stock worth $282,000 after buying an additional 156 shares during the last quarter. Finally, State Street Corp increased its position in Teleflex by 1.0% during the 3rd quarter. State Street Corp now owns 2,057,080 shares of the medical technology company’s stock valued at $508,757,000 after buying an additional 21,291 shares in the last quarter. Hedge funds and other institutional investors own 95.62% of the company’s stock.

Analyst Upgrades and Downgrades

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

Teleflex Stock Down 1.7 %

Shares of TFX stock opened at $180.14 on Friday. The company has a current ratio of 2.42, a quick ratio of 1.39 and a debt-to-equity ratio of 0.37. Teleflex Incorporated has a twelve month low of $179.82 and a twelve month high of $257.85. The stock has a 50 day moving average of $209.46 and a 200 day moving average of $220.67. The stock has a market cap of $8.37 billion, a P/E ratio of 35.81, a P/E/G ratio of 1.88 and a beta of 1.16.

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

Teleflex Announces Dividend

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

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.