Teacher Retirement System of Texas Increases Stock Position in Teleflex Incorporated $TFX

Teacher Retirement System of Texas increased its position in Teleflex Incorporated (NYSE:TFX) by 31.5% in the 2nd quarter, according to its most recent disclosure with the Securities and Exchange Commission. The firm owned 11,819 shares of the medical technology company’s stock after purchasing an additional 2,831 shares during the quarter. Teacher Retirement System of Texas’ holdings in Teleflex were worth $1,399,000 as of its most recent filing with the Securities and Exchange Commission.

Several other institutional investors and hedge funds have also made changes to their positions in TFX. Pzena Investment Management LLC purchased a new position in shares of Teleflex in the second quarter valued at $42,149,000. Dimensional Fund Advisors LP boosted its stake in shares of Teleflex by 69.5% in the first quarter. Dimensional Fund Advisors LP now owns 867,864 shares of the medical technology company’s stock valued at $119,927,000 after purchasing an additional 355,720 shares during the period. Diamond Hill Capital Management Inc. boosted its stake in shares of Teleflex by 122.8% in the first quarter. Diamond Hill Capital Management Inc. now owns 584,586 shares of the medical technology company’s stock valued at $80,784,000 after purchasing an additional 322,222 shares during the period. Invenomic Capital Management LP boosted its stake in shares of Teleflex by 1,400.1% in the first quarter. Invenomic Capital Management LP now owns 344,732 shares of the medical technology company’s stock valued at $47,639,000 after purchasing an additional 321,751 shares during the period. Finally, Millennium Management LLC boosted its stake in shares of Teleflex by 57.8% in the first quarter. Millennium Management LLC now owns 394,633 shares of the medical technology company’s stock valued at $54,534,000 after purchasing an additional 144,531 shares during the period. 95.62% of the stock is currently owned by hedge funds and other institutional investors.

Teleflex Stock Up 0.4%

TFX stock opened at $124.86 on Thursday. The company has a quick ratio of 1.44, a current ratio of 2.41 and a debt-to-equity ratio of 0.42. Teleflex Incorporated has a fifty-two week low of $108.90 and a fifty-two week high of $208.27. The firm’s 50-day simple moving average is $126.36 and its 200 day simple moving average is $123.37. The stock has a market cap of $5.52 billion, a PE ratio of 29.38, a price-to-earnings-growth ratio of 1.79 and a beta of 1.05.

Wall Street Analyst Weigh In

Several research firms recently issued reports on TFX. Weiss Ratings reaffirmed a “sell (d+)” rating on shares of Teleflex in a report on Wednesday, October 8th. Royal Bank Of Canada upped their price target on shares of Teleflex from $130.00 to $135.00 and gave the company a “sector perform” rating in a report on Friday, August 1st. Mizuho upped their price target on shares of Teleflex from $130.00 to $135.00 and gave the company a “neutral” rating in a report on Friday, August 1st. Zacks Research cut shares of Teleflex from a “strong-buy” rating to a “hold” rating in a report on Tuesday, September 30th. Finally, Wells Fargo & Company cut their price target on shares of Teleflex from $137.00 to $131.00 and set an “equal weight” rating on the stock in a report on Friday, August 1st. One investment analyst has rated the stock with a Buy rating, nine have assigned a Hold rating and two have given a Sell rating to the company. According to MarketBeat, the stock currently has an average rating of “Reduce” and a consensus price target of $141.57.

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.