Teachers Retirement System of The State of Kentucky Cuts Position in Teleflex Incorporated (NYSE:TFX)

Teachers Retirement System of The State of Kentucky decreased its stake in Teleflex Incorporated (NYSE:TFX) by 5.7% in the 3rd quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 3,511 shares of the medical technology company’s stock after selling 211 shares during the period. Teachers Retirement System of The State of Kentucky’s holdings in Teleflex were worth $868,000 as of its most recent SEC filing.

Other institutional investors have also recently added to or reduced their stakes in the company. Cromwell Holdings LLC boosted its stake in shares of Teleflex by 59.0% during the 3rd quarter. Cromwell Holdings LLC now owns 132 shares of the medical technology company’s stock worth $33,000 after acquiring an additional 49 shares in the last quarter. Avior Wealth Management LLC grew its holdings 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 purchasing an additional 101 shares during the last quarter. Ashton Thomas Securities LLC purchased a new position in shares of Teleflex in the third quarter valued at $40,000. True Wealth Design LLC raised its stake in shares of Teleflex by 16,600.0% during the 3rd 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 purchased a new stake in shares of Teleflex in the 2nd quarter worth about $42,000. Hedge funds and other institutional investors own 95.62% of the company’s stock.

Teleflex Stock Down 3.2 %

Shares of NYSE TFX opened at $172.66 on Thursday. The company has a quick ratio of 1.39, a current ratio of 2.42 and a debt-to-equity ratio of 0.37. The stock has a market capitalization of $8.02 billion, a PE ratio of 34.33, a P/E/G ratio of 1.84 and a beta of 1.16. The firm has a fifty day moving average of $204.80 and a 200-day moving average of $219.97. Teleflex Incorporated has a 52-week low of $172.45 and a 52-week high of $256.85.

Teleflex (NYSE:TFX) last released its quarterly earnings data on Thursday, October 31st. The medical technology company reported $3.49 EPS for the quarter, topping analysts’ consensus estimates of $3.38 by $0.11. Teleflex had a return on equity of 14.19% and a net margin of 7.85%. The company had revenue of $764.40 million for the quarter, compared to the consensus estimate of $768.68 million. During the same period last year, the business posted $3.64 EPS. The company’s quarterly revenue was up 2.4% compared to the same quarter last year. On average, analysts anticipate that Teleflex Incorporated will post 13.98 EPS for the current year.

Teleflex Announces Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Monday, December 16th. Stockholders of record on Friday, November 15th were given a $0.34 dividend. This represents a $1.36 annualized dividend and a dividend yield of 0.79%. The ex-dividend date of this dividend was Friday, November 15th. Teleflex’s payout ratio is currently 27.04%.

Analyst Upgrades and Downgrades

TFX has been the topic of several recent research reports. Royal Bank of Canada reduced their price target on shares of Teleflex from $275.00 to $245.00 and set an “outperform” rating on the stock in a report on Friday, November 1st. Truist Financial cut their price target on Teleflex from $227.00 to $200.00 and set a “hold” rating for the company in a report on Wednesday. StockNews.com raised shares of Teleflex from a “hold” rating to a “buy” rating in a research note on Thursday, November 28th. Needham & Company LLC reiterated a “hold” rating on shares of Teleflex in a report on Monday. Finally, Mizuho decreased their target price on shares of Teleflex from $275.00 to $250.00 and set a “neutral” rating on the stock in a research report on Friday, November 1st. Three equities research analysts have rated the stock with a hold rating and six have issued a buy rating to the company’s stock. According to data from MarketBeat, the stock currently has an average rating of “Moderate Buy” and a consensus price target of $255.14.

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.