Sii Investments Inc. WI held its position in Teleflex Incorporated (NYSE:TFX) during the first quarter, according to its most recent filing with the Securities and Exchange Commission. The firm owned 2,295 shares of the medical technology company’s stock at the end of the first quarter. Sii Investments Inc. WI’s holdings in Teleflex were worth $444,000 as of its most recent filing with the SEC.
A number of other institutional investors have also added to or reduced their stakes in the company. Folger Hill Asset Management LP acquired a new position in Teleflex during the fourth quarter valued at $321,000. Employees Retirement System of Texas acquired a new position in Teleflex during the fourth quarter valued at $1,289,000. Allianz Asset Management AG increased its position in Teleflex by 30.7% in the fourth quarter. Allianz Asset Management AG now owns 243,755 shares of the medical technology company’s stock valued at $39,281,000 after buying an additional 57,312 shares during the period. Brown Advisory Inc. increased its position in Teleflex by 1.7% in the fourth quarter. Brown Advisory Inc. now owns 3,397 shares of the medical technology company’s stock valued at $547,000 after buying an additional 57 shares during the period. Finally, Asset Management One Co. Ltd. increased its position in Teleflex by 103.8% in the fourth quarter. Asset Management One Co. Ltd. now owns 87,974 shares of the medical technology company’s stock valued at $14,180,000 after buying an additional 44,807 shares during the period. Hedge funds and other institutional investors own 93.34% of the company’s stock.
Teleflex Incorporated (NYSE:TFX) traded up 0.49% during midday trading on Friday, hitting $200.83. The stock had a trading volume of 227,855 shares. The stock has a market cap of $9.03 billion, a P/E ratio of 41.68 and a beta of 1.05. Teleflex Incorporated has a 12-month low of $136.53 and a 12-month high of $211.21. The company’s 50-day moving average price is $200.73 and its 200 day moving average price is $183.26.
Teleflex (NYSE:TFX) last posted its quarterly earnings data on Thursday, May 4th. The medical technology company reported $1.80 earnings per share for the quarter, topping the consensus estimate of $1.69 by $0.11. Teleflex had a return on equity of 16.17% and a net margin of 11.75%. The business had revenue of $487.90 million during the quarter, compared to analysts’ expectations of $472.81 million. During the same quarter in the previous year, the firm earned $1.52 EPS. The firm’s revenue was up 14.8% compared to the same quarter last year. On average, equities research analysts predict that Teleflex Incorporated will post $8.16 earnings per share for the current fiscal year.
The firm also recently disclosed a quarterly dividend, which was paid on Thursday, June 15th. Investors of record on Monday, May 15th were given a dividend of $0.34 per share. The ex-dividend date was Thursday, May 11th. This represents a $1.36 annualized dividend and a dividend yield of 0.68%. Teleflex’s dividend payout ratio is presently 28.22%.
A number of equities analysts have recently commented on the company. Needham & Company LLC restated a “buy” rating and issued a $224.00 price objective on shares of Teleflex in a report on Friday, May 5th. Deutsche Bank AG raised their price objective on Teleflex from $213.00 to $220.00 and gave the stock a “buy” rating in a report on Monday, May 8th. Leerink Swann raised their price objective on Teleflex from $215.00 to $220.00 and gave the stock a “market perform” rating in a report on Friday, June 9th. Zacks Investment Research upgraded Teleflex from a “hold” rating to a “buy” rating and set a $223.00 price objective on the stock in a report on Wednesday, May 24th. Finally, Jefferies Group LLC restated a “hold” rating on shares of Teleflex in a report on Monday, March 27th. Two research analysts have rated the stock with a hold rating and five have given a buy rating to the stock. The stock presently has a consensus rating of “Buy” and a consensus target price of $216.17.
In related news, VP John Deren sold 2,246 shares of the business’s stock in a transaction dated Tuesday, May 9th. The stock was sold at an average price of $194.07, for a total transaction of $435,881.22. Following the completion of the transaction, the vice president now owns 3,989 shares of the company’s stock, valued at approximately $774,145.23. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. Also, Director Stephen K. M.D. Klasko sold 200 shares of the business’s stock in a transaction dated Thursday, June 1st. The stock was sold at an average price of $199.93, for a total value of $39,986.00. Following the transaction, the director now directly owns 8,080 shares of the company’s stock, valued at approximately $1,615,434.40. The disclosure for this sale can be found here. Insiders have sold a total of 10,146 shares of company stock valued at $1,996,554 in the last three months. 2.39% of the stock is owned by insiders.
Teleflex Incorporated is a provider of medical technology products. The Company designs, develops, manufactures and supplies single-use medical devices used by hospitals and healthcare providers for diagnostic and therapeutic procedures in critical care and surgical applications. The Company operates through six segments: Vascular North America; Anesthesia North America; Surgical North America; Europe, the Middle East and Africa (EMEA); Asia, and Original Equipment Manufacturer (OEM).
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