Teleflex Incorporated (NYSE:TFX) Shares Bought by Hilton Capital Management LLC

Hilton Capital Management LLC lifted its stake in Teleflex Incorporated (NYSE:TFX) by 23.7% in the 3rd quarter, Holdings Channel.com reports. The institutional investor owned 5,818 shares of the medical technology company’s stock after acquiring an additional 1,116 shares during the quarter. Hilton Capital Management LLC’s holdings in Teleflex were worth $1,439,000 as of its most recent SEC filing.

A number of other large investors have also modified their holdings of TFX. Cromwell Holdings LLC boosted its position in 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 buying an additional 49 shares during the last quarter. Avior Wealth Management LLC lifted its stake in shares of Teleflex by 190.6% in the third quarter. Avior Wealth Management LLC now owns 154 shares of the medical technology company’s stock worth $38,000 after acquiring an additional 101 shares in the last quarter. Ashton Thomas Securities LLC purchased a new position in Teleflex in the third quarter valued at about $40,000. Canada Pension Plan Investment Board acquired a new stake in Teleflex during the 2nd quarter valued at approximately $42,000. Finally, GAMMA Investing LLC increased its holdings in Teleflex by 131.1% during the 3rd quarter. GAMMA Investing LLC now owns 171 shares of the medical technology company’s stock worth $42,000 after purchasing an additional 97 shares during the last quarter. Institutional investors and hedge funds own 95.62% of the company’s stock.

Analyst Ratings Changes

A number of analysts have recently weighed in on the stock. Needham & Company LLC reissued a “hold” rating on shares of Teleflex in a research report on Friday, November 1st. Stephens raised their price objective on shares of Teleflex from $275.00 to $290.00 and gave the stock an “overweight” rating in a report on Friday, August 2nd. Royal Bank of Canada cut their target price on shares of Teleflex from $275.00 to $245.00 and set an “outperform” rating on the stock in a research note on Friday, November 1st. Mizuho decreased their price target on Teleflex from $275.00 to $250.00 and set a “neutral” rating for the company in a research note on Friday, November 1st. Finally, StockNews.com lowered Teleflex from a “buy” rating to a “hold” rating in a report on Wednesday. Four 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, Teleflex currently has a consensus rating of “Moderate Buy” and an average target price of $259.25.

Teleflex Price Performance

TFX opened at $187.47 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 company’s 50-day moving average price is $228.26 and its 200 day moving average price is $223.27. Teleflex Incorporated has a fifty-two week low of $185.66 and a fifty-two week high of $257.85. The firm has a market cap of $8.71 billion, a price-to-earnings ratio of 37.27, a price-to-earnings-growth ratio of 1.98 and a beta of 1.18.

Teleflex (NYSE:TFX) last announced its quarterly earnings results on Thursday, October 31st. The medical technology company reported $3.49 earnings per share 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 business had revenue of $764.40 million for the quarter, compared to analysts’ expectations of $768.68 million. During the same period in the prior year, the firm earned $3.64 EPS. The business’s quarterly revenue was up 2.4% on a year-over-year basis. As a group, sell-side analysts expect that Teleflex Incorporated will post 13.98 earnings per share for the current year.

Teleflex Dividend Announcement

The company also recently declared a quarterly dividend, which will be paid on Monday, December 16th. Stockholders of record on Friday, November 15th will be issued a dividend of $0.34 per share. This represents a $1.36 annualized dividend and a dividend yield of 0.73%. The ex-dividend date is Friday, November 15th. Teleflex’s dividend payout ratio (DPR) is 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.