Jane Street Group LLC cut its stake in Teleflex Incorporated (NYSE:TFX) by 16.0% during the first quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The fund owned 1,239 shares of the medical technology company’s stock after selling 236 shares during the period. Jane Street Group LLC’s holdings in Teleflex were worth $240,000 at the end of the most recent reporting period.
Several other hedge funds and other institutional investors have also recently modified their holdings of TFX. Asset Planning Services Ltd. purchased a new position in shares of Teleflex during the first quarter valued at about $116,000. Livforsakringsbolaget Skandia Omsesidigt purchased a new position in shares of Teleflex during the first quarter valued at about $155,000. Letko Brosseau & Associates Inc. purchased a new position in shares of Teleflex during the first quarter valued at about $213,000. Independence Advisors LLC purchased a new position in shares of Teleflex during the first quarter valued at about $215,000. Finally, Tocqueville Asset Management L.P. purchased a new position in shares of Teleflex during the first quarter valued at about $219,000. Hedge funds and other institutional investors own 92.90% of the company’s stock.
Teleflex Incorporated (TFX) opened at 211.40 on Monday. Teleflex Incorporated has a 12 month low of $136.53 and a 12 month high of $211.75. The company’s 50-day moving average is $201.21 and its 200-day moving average is $187.08. The company has a market cap of $9.51 billion, a P/E ratio of 43.88 and a beta of 1.06.
Teleflex (NYSE:TFX) last announced its quarterly earnings data on Thursday, May 4th. The medical technology company reported $1.80 EPS for the quarter, beating the consensus estimate of $1.69 by $0.11. Teleflex had a net margin of 11.75% and a return on equity of 16.17%. The business had revenue of $487.90 million during the quarter, compared to analysts’ expectations of $472.81 million. During the same period in the previous year, the business posted $1.52 EPS. The business’s quarterly revenue was up 14.8% compared to the same quarter last year. On average, equities research analysts expect that Teleflex Incorporated will post $8.16 EPS for the current fiscal year.
The firm also recently disclosed a quarterly dividend, which was paid on Thursday, June 15th. Shareholders of record on Monday, May 15th were paid a dividend of $0.34 per share. This represents a $1.36 annualized dividend and a yield of 0.64%. The ex-dividend date was Thursday, May 11th. Teleflex’s payout ratio is 28.22%.
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Several brokerages have recently issued reports on TFX. Jefferies Group LLC set a $205.00 target price on shares of Teleflex and gave the stock a “buy” rating in a research note on Saturday, March 25th. Zacks Investment Research downgraded shares of Teleflex from a “buy” rating to a “hold” rating in a research note on Thursday, June 22nd. Leerink Swann upped their target price on shares of Teleflex from $215.00 to $220.00 and gave the stock a “market perform” rating in a research note on Friday, June 9th. Needham & Company LLC reiterated a “buy” rating and issued a $224.00 target price on shares of Teleflex in a research note on Friday, May 5th. Finally, Deutsche Bank AG increased their price objective on shares of Teleflex from $213.00 to $220.00 and gave the company a “buy” rating in a research report on Monday, May 8th. Two analysts have rated the stock with a hold rating and five have issued a buy rating to the stock. Teleflex presently has a consensus rating of “Buy” and a consensus target price of $217.00.
In other Teleflex news, Director Stephen K. M.D. Klasko sold 200 shares of Teleflex stock in a transaction that occurred on Thursday, June 1st. The shares were sold at an average price of $199.93, for a total transaction of $39,986.00. Following the completion of the sale, the director now directly owns 8,080 shares in the company, valued at approximately $1,615,434.40. The sale was disclosed in a document filed with the SEC, which is accessible through this hyperlink. Also, Director Stephen K. M.D. Klasko sold 5,200 shares of Teleflex stock in a transaction that occurred on Monday, May 15th. The shares were sold at an average price of $193.56, for a total transaction of $1,006,512.00. Following the sale, the director now owns 12,880 shares of the company’s stock, valued at $2,493,052.80. The disclosure for this sale can be found here. Over the last 90 days, insiders have sold 10,346 shares of company stock valued at $2,038,174. Company insiders own 2.39% of the company’s stock.
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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