BRITISH COLUMBIA INVESTMENT MANAGEMENT Corp grew its holdings in shares of Teleflex Incorporated (NYSE:TFX) by 14.0% during the fourth quarter, according to its most recent 13F filing with the SEC. The institutional investor owned 16,543 shares of the medical technology company’s stock after buying an additional 2,035 shares during the period. BRITISH COLUMBIA INVESTMENT MANAGEMENT Corp’s holdings in Teleflex were worth $4,116,000 as of its most recent filing with the SEC.
Other institutional investors have also bought and sold shares of the company. Aristotle Atlantic Partners LLC bought a new position in shares of Teleflex during the 4th quarter worth approximately $202,000. Quantitative Systematic Strategies LLC bought a new position in shares of Teleflex during the 4th quarter worth approximately $228,000. Checchi Capital Advisers LLC bought a new position in shares of Teleflex during the 4th quarter worth approximately $230,000. Coldstream Capital Management Inc. bought a new position in shares of Teleflex during the 3rd quarter worth approximately $226,000. Finally, Lourd Capital LLC bought a new position in shares of Teleflex during the 4th quarter worth approximately $266,000. Hedge funds and other institutional investors own 90.75% of the company’s stock.
Shares of TFX opened at $254.98 on Monday. Teleflex Incorporated has a 12-month low of $191.04 and a 12-month high of $288.78. The company has a current ratio of 2.33, a quick ratio of 1.51 and a debt-to-equity ratio of 0.89. The firm has a market capitalization of $11,486.59, a P/E ratio of 30.35, a PEG ratio of 1.89 and a beta of 1.22.
The company also recently announced a quarterly dividend, which was paid on Thursday, March 15th. Investors of record on Friday, March 2nd were issued a $0.34 dividend. This represents a $1.36 dividend on an annualized basis and a dividend yield of 0.53%. The ex-dividend date of this dividend was Thursday, March 1st. Teleflex’s dividend payout ratio is currently 16.19%.
In other Teleflex news, Director Stephen K. M.D. Klasko sold 200 shares of the firm’s stock in a transaction on Thursday, February 1st. The stock was sold at an average price of $276.44, for a total transaction of $55,288.00. Following the transaction, the director now directly owns 8,080 shares in the company, valued at approximately $2,233,635.20. The sale was disclosed in a document filed with the SEC, which is available through this hyperlink. Also, Director George Babich, Jr. sold 2,500 shares of the firm’s stock in a transaction on Tuesday, January 16th. The shares were sold at an average price of $263.38, for a total value of $658,450.00. Following the transaction, the director now owns 10,583 shares in the company, valued at $2,787,350.54. The disclosure for this sale can be found here. Over the last 90 days, insiders have sold 16,759 shares of company stock worth $4,396,861. Company insiders own 2.39% of the company’s stock.
A number of equities analysts have issued reports on TFX shares. TheStreet cut Teleflex from an “a-” rating to a “c+” rating in a report on Monday, March 12th. Stephens reiterated a “buy” rating and issued a $300.00 target price on shares of Teleflex in a report on Thursday, January 18th. Leerink Swann cut their target price on Teleflex from $321.00 to $300.00 and set an “outperform” rating on the stock in a report on Friday, February 23rd. Finally, ValuEngine cut Teleflex from a “buy” rating to a “hold” rating in a report on Wednesday, March 7th. One equities research analyst has rated the stock with a sell rating, five have given a hold rating and six have given a buy rating to the stock. The stock has an average rating of “Hold” and a consensus price target of $281.56.
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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. It offers vascular access products that comprise Arrow branded catheters and related devices, including catheter positioning systems for use in the administration of intravenous medications and other therapies, the measurement of blood pressure, and the withdrawal of blood samples through a single puncture site; and devices for treating coronary and peripheral vascular disease.
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