Teleflex Incorporated (NYSE:TFX) Shares Purchased by Public Employees Retirement System of Ohio

Public Employees Retirement System of Ohio boosted its stake in shares of Teleflex Incorporated (NYSE:TFX) by 43.0% in the third quarter, HoldingsChannel.com reports. The fund owned 25,677 shares of the medical technology company’s stock after purchasing an additional 7,721 shares during the period. Public Employees Retirement System of Ohio’s holdings in Teleflex were worth $6,350,000 at the end of the most recent reporting period.

Other hedge funds and other institutional investors have also added to or reduced their stakes in the company. Cromwell Holdings LLC raised its position in shares of Teleflex by 59.0% during the 3rd quarter. Cromwell Holdings LLC now owns 132 shares of the medical technology company’s stock worth $33,000 after purchasing an additional 49 shares during the last quarter. Avior Wealth Management LLC increased its stake in Teleflex by 190.6% during the 3rd quarter. Avior Wealth Management LLC now owns 154 shares of the medical technology company’s stock worth $38,000 after buying an additional 101 shares in the last quarter. Ashton Thomas Securities LLC acquired a new position in shares of Teleflex during the third quarter valued at approximately $40,000. True Wealth Design LLC lifted its position in shares of Teleflex by 16,600.0% in the third quarter. True Wealth Design LLC now owns 167 shares of the medical technology company’s stock valued at $41,000 after acquiring an additional 166 shares in the last quarter. Finally, GAMMA Investing LLC boosted its stake in shares of Teleflex by 131.1% in the third quarter. GAMMA Investing LLC now owns 171 shares of the medical technology company’s stock worth $42,000 after acquiring an additional 97 shares during the last quarter. 95.62% of the stock is owned by hedge funds and other institutional investors.

Teleflex Trading Down 1.7 %

Shares of Teleflex stock opened at $180.14 on Friday. Teleflex Incorporated has a fifty-two week low of $179.82 and a fifty-two week high of $257.85. The stock has a 50 day moving average of $209.46 and a 200 day moving average of $220.67. The firm has a market capitalization of $8.37 billion, a price-to-earnings ratio of 35.81, a PEG ratio of 1.88 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 (NYSE:TFX) last posted its earnings results on Thursday, October 31st. The medical technology company reported $3.49 EPS for the quarter, beating analysts’ consensus estimates of $3.38 by $0.11. Teleflex had a net margin of 7.85% and a return on equity of 14.19%. The company had revenue of $764.40 million for the quarter, compared to analysts’ expectations of $768.68 million. During the same quarter in the prior year, the company posted $3.64 earnings per share. Teleflex’s revenue for the quarter was up 2.4% compared to the same quarter last year. As a group, research analysts predict that Teleflex Incorporated will post 13.98 earnings per share for the current year.

Teleflex Dividend Announcement

The company also recently declared a quarterly dividend, which will be paid on Monday, December 16th. Shareholders of record on Friday, November 15th will be paid a dividend of $0.34 per share. This represents a $1.36 dividend on an annualized basis and a yield of 0.75%. The ex-dividend date is Friday, November 15th. Teleflex’s dividend payout ratio (DPR) is 27.04%.

Analyst Upgrades and Downgrades

TFX has been the topic of a number of research reports. StockNews.com upgraded Teleflex from a “hold” rating to a “buy” rating in a report on Thursday, November 28th. Truist Financial reissued a “hold” rating and issued a $227.00 price target (down from $255.00) on shares of Teleflex in a research note on Monday, November 4th. Mizuho dropped their price objective on shares of Teleflex from $275.00 to $250.00 and set a “neutral” rating for the company in a research note on Friday, November 1st. Needham & Company LLC reissued a “hold” rating on shares of Teleflex in a research note on Friday, November 1st. Finally, Royal Bank of Canada dropped their price target on Teleflex from $275.00 to $245.00 and set an “outperform” rating for the company in a research report on Friday, November 1st. Three analysts have rated the stock with a hold rating and six have given a buy rating to the stock. According to MarketBeat, the stock has a consensus rating of “Moderate Buy” and a consensus target price of $259.00.

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.