Capital Fund Management S.A. Has $12.12 Million Stake in Teleflex Incorporated $TFX

Capital Fund Management S.A. increased its position in Teleflex Incorporated (NYSE:TFX) by 99.1% during the second quarter, according to its most recent Form 13F filing with the SEC. The fund owned 102,427 shares of the medical technology company’s stock after buying an additional 50,991 shares during the period. Capital Fund Management S.A. owned 0.23% of Teleflex worth $12,123,000 at the end of the most recent reporting period.

Several other hedge funds and other institutional investors have also recently added to or reduced their stakes in TFX. Thurston Springer Miller Herd & Titak Inc. grew its position in Teleflex by 242.9% in the second quarter. Thurston Springer Miller Herd & Titak Inc. now owns 216 shares of the medical technology company’s stock worth $26,000 after acquiring an additional 153 shares in the last quarter. Banque Cantonale Vaudoise acquired a new stake in shares of Teleflex in the 1st quarter valued at $27,000. Costello Asset Management INC bought a new stake in Teleflex in the first quarter worth $28,000. Brooklyn Investment Group increased its position in 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 buying an additional 150 shares during the last quarter. Finally, True Wealth Design LLC raised its holdings in Teleflex by 10,333.3% during the second quarter. True Wealth Design LLC now owns 313 shares of the medical technology company’s stock valued at $37,000 after buying an additional 310 shares in the last quarter. Institutional investors own 95.62% of the company’s stock.

Wall Street Analysts Forecast Growth

Several research firms have recently issued reports on TFX. Royal Bank Of Canada decreased their price target on Teleflex from $135.00 to $120.00 and set a “sector perform” rating for the company in a research note on Friday, November 7th. Zacks Research cut Teleflex from a “strong-buy” rating to a “hold” rating in a research report on Tuesday, September 30th. Wells Fargo & Company lowered their price target on Teleflex from $131.00 to $114.00 and set an “equal weight” rating on the stock in a report on Friday, November 7th. Wall Street Zen cut shares of Teleflex from a “buy” rating to a “hold” rating in a research note on Saturday, November 15th. Finally, Weiss Ratings reiterated a “sell (d)” rating on shares of Teleflex in a research note on Tuesday. One equities research analyst has rated the stock with a Buy rating, nine have issued a Hold rating and two have issued a Sell rating to the company. According to MarketBeat, the stock has an average rating of “Reduce” and a consensus target price of $134.57.

Teleflex Stock Down 0.8%

TFX opened at $114.42 on Friday. The business has a 50 day moving average of $120.31 and a 200-day moving average of $121.05. The stock has a market capitalization of $5.06 billion, a price-to-earnings ratio of 26.92, a P/E/G ratio of 1.79 and a beta of 1.05. The company has a current ratio of 2.41, a quick ratio of 1.44 and a debt-to-equity ratio of 0.42. Teleflex Incorporated has a 1-year low of $102.58 and a 1-year high of $195.24.

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

Teleflex Announces Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Monday, December 15th. Stockholders of record on Friday, November 14th will be given a dividend of $0.34 per share. The ex-dividend date of this dividend is Friday, November 14th. This represents a $1.36 dividend on an annualized basis and a dividend yield of 1.2%. Teleflex’s dividend payout ratio is currently -18.50%.

Teleflex Company Profile

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.