Mountain Pacific Investment Advisers LLC Has $13.51 Million Stock Holdings in Teleflex Incorporated (NYSE:TFX)

Mountain Pacific Investment Advisers LLC decreased its stake in shares of Teleflex Incorporated (NYSE:TFX) by 1.3% during the 4th quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The institutional investor owned 75,892 shares of the medical technology company’s stock after selling 993 shares during the period. Mountain Pacific Investment Advisers LLC owned 0.16% of Teleflex worth $13,507,000 at the end of the most recent quarter.

A number of other hedge funds have also recently added to or reduced their stakes in the stock. Point72 Asset Management L.P. lifted its position in shares of Teleflex by 564.3% during the second quarter. Point72 Asset Management L.P. now owns 310,484 shares of the medical technology company’s stock worth $65,304,000 after purchasing an additional 263,743 shares in the last quarter. Janus Henderson Group PLC raised its position in Teleflex by 2.8% in the 3rd quarter. Janus Henderson Group PLC now owns 5,376,452 shares of the medical technology company’s stock worth $1,329,704,000 after purchasing an additional 147,147 shares during the last quarter. FMR LLC lifted its holdings in Teleflex by 70.1% during the 3rd quarter. FMR LLC now owns 269,490 shares of the medical technology company’s stock worth $66,650,000 after buying an additional 111,086 shares in the last quarter. Kimelman & Baird LLC bought a new position in Teleflex in the 2nd quarter valued at $21,232,000. Finally, Assenagon Asset Management S.A. increased its stake in shares of Teleflex by 457.6% in the 3rd quarter. Assenagon Asset Management S.A. now owns 120,311 shares of the medical technology company’s stock valued at $29,755,000 after buying an additional 98,735 shares during the period. Institutional investors own 95.62% of the company’s stock.

Wall Street Analysts Forecast Growth

Several equities analysts have recently issued reports on TFX shares. Truist Financial cut their price target on Teleflex from $227.00 to $200.00 and set a “hold” rating on the stock in a research note on Wednesday, December 18th. Needham & Company LLC reaffirmed a “hold” rating on shares of Teleflex in a research note on Monday, December 16th. Royal Bank of Canada lowered their price target 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. StockNews.com upgraded shares of Teleflex from a “hold” rating to a “buy” rating in a report on Thursday, November 28th. Finally, Mizuho lowered their target price 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. Three analysts have rated the stock with a hold rating and five have issued a buy rating to the company. According to data from MarketBeat.com, the company currently has a consensus rating of “Moderate Buy” and a consensus target price of $252.50.

Teleflex Stock Up 0.1 %

Shares of NYSE TFX opened at $181.56 on Tuesday. The firm has a 50 day moving average price of $184.14 and a 200 day moving average price of $215.49. The company has a debt-to-equity ratio of 0.37, a quick ratio of 1.39 and a current ratio of 2.42. The stock has a market cap of $8.43 billion, a P/E ratio of 36.10, a P/E/G ratio of 1.71 and a beta of 1.16. Teleflex Incorporated has a 52-week low of $171.69 and a 52-week high of $256.85.

Teleflex (NYSE:TFX) last issued its quarterly earnings data on Thursday, October 31st. The medical technology company reported $3.49 EPS for the quarter, topping the consensus estimate 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 the consensus estimate of $768.68 million. During the same quarter last year, the business posted $3.64 EPS. The firm’s revenue was up 2.4% compared to the same quarter last year. Analysts expect that Teleflex Incorporated will post 13.98 EPS for the current year.

Teleflex Dividend Announcement

The firm also recently announced a quarterly dividend, which was paid on Monday, December 16th. Investors of record on Friday, November 15th were paid a dividend of $0.34 per share. The ex-dividend date was Friday, November 15th. This represents a $1.36 dividend on an annualized basis and a yield of 0.75%. Teleflex’s payout ratio is 27.04%.

Teleflex Company 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.