New York State Common Retirement Fund Raises Stock Position in Teleflex Incorporated (NYSE:TFX)

New York State Common Retirement Fund lifted its holdings in Teleflex Incorporated (NYSE:TFX) by 5.1% during the first quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 25,639 shares of the medical technology company’s stock after buying an additional 1,239 shares during the quarter. New York State Common Retirement Fund owned approximately 0.06% of Teleflex worth $3,543,000 as of its most recent SEC filing.

A number of other hedge funds also recently bought and sold shares of the company. Norges Bank bought a new position in Teleflex during the 4th quarter valued at about $100,328,000. Invesco Ltd. lifted its stake in shares of Teleflex by 48.1% in the 4th quarter. Invesco Ltd. now owns 1,068,593 shares of the medical technology company’s stock worth $190,188,000 after purchasing an additional 347,003 shares during the period. T. Rowe Price Investment Management Inc. increased its holdings in Teleflex by 4.4% in the 4th quarter. T. Rowe Price Investment Management Inc. now owns 6,173,121 shares of the medical technology company’s stock worth $1,098,693,000 after acquiring an additional 261,279 shares in the last quarter. Massachusetts Financial Services Co. MA increased its holdings in Teleflex by 38.1% in the 4th quarter. Massachusetts Financial Services Co. MA now owns 590,529 shares of the medical technology company’s stock worth $105,102,000 after acquiring an additional 162,950 shares in the last quarter. Finally, Principal Financial Group Inc. increased its holdings in Teleflex by 229.9% in the 1st quarter. Principal Financial Group Inc. now owns 230,522 shares of the medical technology company’s stock worth $31,856,000 after acquiring an additional 160,646 shares in the last quarter. Institutional investors own 95.62% of the company’s stock.

Wall Street Analyst Weigh In

A number of research firms have recently commented on TFX. Mizuho lowered their target price on Teleflex from $150.00 to $130.00 and set a “neutral” rating for the company in a research report on Wednesday, July 16th. Truist Financial decreased their target price on Teleflex from $140.00 to $137.00 and set a “hold” rating for the company in a research report on Monday, May 5th. Royal Bank Of Canada set a $130.00 target price on Teleflex and gave the stock a “sector perform” rating in a research report on Tuesday, July 15th. Wells Fargo & Company cut their price target on Teleflex from $146.00 to $137.00 and set an “equal weight” rating on the stock in a research note on Friday, May 2nd. Finally, Wall Street Zen downgraded shares of Teleflex from a “buy” rating to a “hold” rating in a report on Sunday, June 29th. One equities research analyst has rated the stock with a sell rating, nine have given a hold rating and two have given a buy rating to the company. According to data from MarketBeat.com, the company presently has an average rating of “Hold” and a consensus target price of $159.63.

Teleflex Price Performance

Shares of NYSE TFX opened at $114.96 on Wednesday. The stock’s 50-day simple moving average is $120.71 and its 200-day simple moving average is $140.99. The firm has a market capitalization of $5.08 billion, a PE ratio of 36.26, a price-to-earnings-growth ratio of 1.72 and a beta of 1.08. The company has a debt-to-equity ratio of 0.44, a quick ratio of 1.32 and a current ratio of 2.28. Teleflex Incorporated has a fifty-two week low of $108.90 and a fifty-two week high of $249.91.

Teleflex (NYSE:TFX) last released its quarterly earnings results on Thursday, May 1st. The medical technology company reported $2.91 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $2.88 by $0.03. Teleflex had a return on equity of 14.73% and a net margin of 4.96%. The firm had revenue of $700.67 million for the quarter, compared to the consensus estimate of $699.37 million. During the same quarter last year, the business posted $3.21 EPS. The firm’s quarterly revenue was down 5.0% compared to the same quarter last year. As a group, equities research analysts forecast that Teleflex Incorporated will post 13.98 EPS for the current fiscal year.

Teleflex Announces Dividend

The business also recently declared a quarterly dividend, which was paid on Monday, June 16th. Stockholders of record on Tuesday, May 20th were issued a $0.34 dividend. The ex-dividend date was Tuesday, May 20th. This represents a $1.36 dividend on an annualized basis and a dividend yield of 1.18%. Teleflex’s dividend payout ratio (DPR) is 42.90%.

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.