Teleflex Incorporated (NYSE:TFX) Shares Purchased by Quarry LP

Quarry LP raised its stake in shares of Teleflex Incorporated (NYSE:TFX) by 71.5% during the third quarter, according to the company in its most recent 13F filing with the SEC. The fund owned 391 shares of the medical technology company’s stock after buying an additional 163 shares during the quarter. Quarry LP’s holdings in Teleflex were worth $97,000 at the end of the most recent reporting period.

Several other hedge funds also recently bought and sold shares of the stock. CWM LLC boosted its stake in shares of Teleflex by 22.9% during the 2nd quarter. CWM LLC now owns 1,317 shares of the medical technology company’s stock worth $277,000 after purchasing an additional 245 shares during the last quarter. SG Americas Securities LLC boosted its stake in Teleflex by 99.3% in the 2nd quarter. SG Americas Securities LLC now owns 13,791 shares of the medical technology company’s stock worth $2,901,000 after buying an additional 6,871 shares during the last quarter. Czech National Bank grew its holdings in Teleflex by 8.6% in the 2nd quarter. Czech National Bank now owns 8,975 shares of the medical technology company’s stock valued at $1,888,000 after buying an additional 708 shares during the period. Sequoia Financial Advisors LLC increased its stake in shares of Teleflex by 3.9% during the 2nd quarter. Sequoia Financial Advisors LLC now owns 6,484 shares of the medical technology company’s stock valued at $1,364,000 after acquiring an additional 246 shares during the last quarter. Finally, Hengehold Capital Management LLC purchased a new position in shares of Teleflex during the 2nd quarter worth about $216,000. Hedge funds and other institutional investors own 95.62% of the company’s stock.

Wall Street Analysts Forecast Growth

A number of research firms have weighed in on TFX. Truist Financial reaffirmed 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. Mizuho cut their target price on Teleflex from $275.00 to $250.00 and set a “neutral” rating on the stock in a research report on Friday, November 1st. Needham & Company LLC reissued a “hold” rating on shares of Teleflex in a research report on Friday, November 1st. StockNews.com raised Teleflex from a “hold” rating to a “buy” rating in a research note on Thursday, November 28th. Finally, Royal Bank of Canada dropped their target price on shares of Teleflex from $275.00 to $245.00 and set an “outperform” rating for the company in a research report on Friday, November 1st. Three research analysts have rated the stock with a hold rating and six have given a buy rating to the company. According to MarketBeat, the company currently has an average rating of “Moderate Buy” and a consensus target price of $259.00.

Teleflex Price Performance

TFX stock opened at $184.65 on Friday. The firm has a market cap of $8.58 billion, a P/E ratio of 36.71, a price-to-earnings-growth ratio of 1.92 and a beta of 1.16. 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 1 year low of $184.23 and a 1 year high of $257.85. The stock has a 50-day simple moving average of $214.17 and a 200-day simple moving average of $221.42.

Teleflex (NYSE:TFX) last issued its quarterly earnings data 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 company had revenue of $764.40 million during the quarter, compared to the consensus estimate of $768.68 million. Teleflex had a net margin of 7.85% and a return on equity of 14.19%. Teleflex’s revenue for the quarter was up 2.4% on a year-over-year basis. During the same quarter last year, the company earned $3.64 earnings per share. On average, equities analysts predict that Teleflex Incorporated will post 13.98 earnings per share for the current fiscal year.

Teleflex Announces Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Monday, December 16th. Shareholders of record on Friday, November 15th will be given a $0.34 dividend. The ex-dividend date is Friday, November 15th. This represents a $1.36 dividend on an annualized basis and a yield of 0.74%. Teleflex’s payout ratio is currently 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.