AGF Management Ltd. Takes Position in Teleflex Incorporated $TFX

AGF Management Ltd. purchased a new position in shares of Teleflex Incorporated (NYSE:TFX) in the second quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm purchased 24,966 shares of the medical technology company’s stock, valued at approximately $2,955,000. AGF Management Ltd. owned approximately 0.06% of Teleflex at the end of the most recent quarter.

A number of other hedge funds and other institutional investors have also made changes to their positions in the stock. Thurston Springer Miller Herd & Titak Inc. boosted its stake in Teleflex by 242.9% during the 2nd quarter. Thurston Springer Miller Herd & Titak Inc. now owns 216 shares of the medical technology company’s stock valued at $26,000 after acquiring an additional 153 shares during the last quarter. Banque Cantonale Vaudoise bought a new stake in shares of Teleflex in the 1st quarter worth about $27,000. Costello Asset Management INC acquired a new stake in shares of Teleflex in the 1st quarter valued at about $28,000. Brooklyn Investment Group lifted its position in shares of Teleflex by 258.6% during the first quarter. Brooklyn Investment Group now owns 208 shares of the medical technology company’s stock worth $29,000 after purchasing an additional 150 shares during the last quarter. Finally, Allworth Financial LP lifted its position in shares of Teleflex by 504.8% during the first quarter. Allworth Financial LP now owns 254 shares of the medical technology company’s stock worth $34,000 after purchasing an additional 212 shares during the last quarter. Institutional investors own 95.62% of the company’s stock.

Analyst Ratings Changes

Several analysts recently weighed in on the company. Zacks Research lowered Teleflex from a “strong-buy” rating to a “hold” rating in a report on Tuesday, September 30th. Wall Street Zen lowered Teleflex from a “strong-buy” rating to a “buy” rating in a research report on Monday, September 15th. Truist Financial dropped their price target on Teleflex from $128.00 to $120.00 and set a “hold” rating on the stock in a research report on Monday. Weiss Ratings restated a “sell (d+)” rating on shares of Teleflex in a research note on Wednesday, October 8th. Finally, Royal Bank Of Canada decreased their price objective on shares of Teleflex from $135.00 to $120.00 and set a “sector perform” rating for the company in a report on Friday. One research analyst has rated the stock with a Buy rating, nine have assigned a Hold rating and two have assigned a Sell rating to the stock. Based on data from MarketBeat.com, Teleflex currently has a consensus rating of “Reduce” and a consensus target price of $134.57.

Teleflex Trading Down 1.2%

Teleflex stock opened at $108.06 on Tuesday. Teleflex Incorporated has a 52-week low of $102.58 and a 52-week high of $200.15. The company has a quick ratio of 1.44, a current ratio of 2.41 and a debt-to-equity ratio of 0.42. The firm has a market capitalization of $4.78 billion, a price-to-earnings ratio of 25.43, a PEG ratio of 1.79 and a beta of 1.05. The firm has a 50-day moving average price of $125.29 and a two-hundred day moving average price of $122.81.

Teleflex (NYSE:TFX) last released its quarterly earnings results on Thursday, November 6th. The medical technology company reported $3.67 earnings per share for the quarter, beating analysts’ consensus estimates of $3.38 by $0.29. The company had revenue of $892.90 million for the quarter, compared to analysts’ expectations of $892.79 million. Teleflex had a return on equity of 15.08% and a net margin of 6.31%.The business’s revenue for the quarter was up 19.4% compared to the same quarter last year. During the same quarter in the previous year, the company posted $3.49 earnings per share. Teleflex has set its FY 2025 guidance at 14.000-14.200 EPS. Sell-side analysts expect that Teleflex Incorporated will post 13.98 earnings per share for the current year.

Teleflex Dividend Announcement

The firm also recently declared a quarterly dividend, which will be paid on Monday, December 15th. Shareholders of record on Friday, November 14th will be given a dividend of $0.34 per share. This represents a $1.36 dividend on an annualized basis and a yield of 1.3%. The ex-dividend date is Friday, November 14th. Teleflex’s payout ratio is -18.50%.

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.