Commonwealth of Pennsylvania Public School Empls Retrmt SYS Trims Stake in Teleflex Incorporated (NYSE:TFX)

Commonwealth of Pennsylvania Public School Empls Retrmt SYS lessened its position in shares of Teleflex Incorporated (NYSE:TFX) by 3.7% during the fourth quarter, according to its most recent filing with the Securities & Exchange Commission. The fund owned 9,875 shares of the medical technology company’s stock after selling 382 shares during the quarter. Commonwealth of Pennsylvania Public School Empls Retrmt SYS’s holdings in Teleflex were worth $1,758,000 as of its most recent SEC filing.

Other hedge funds have also recently added to or reduced their stakes in the company. iA Global Asset Management Inc. acquired a new position in shares of Teleflex in the fourth quarter valued at approximately $258,000. Magnetar Financial LLC increased its holdings in shares of Teleflex by 105.2% in the 4th quarter. Magnetar Financial LLC now owns 421,340 shares of the medical technology company’s stock valued at $74,990,000 after purchasing an additional 215,961 shares in the last quarter. Boston Partners lifted its position in shares of Teleflex by 1,561.5% during the 4th quarter. Boston Partners now owns 148,042 shares of the medical technology company’s stock valued at $26,351,000 after acquiring an additional 139,132 shares during the period. Generali Asset Management SPA SGR purchased a new stake in Teleflex during the fourth quarter worth $77,000. Finally, William Blair Investment Management LLC boosted its position in shares of Teleflex by 20.7% in the 4th quarter. William Blair Investment Management LLC now owns 2,654 shares of the medical technology company’s stock worth $472,000 after buying an additional 456 shares in the last quarter. Hedge funds and other institutional investors own 95.62% of the company’s stock.

Teleflex Stock Down 1.5 %

TFX opened at $139.35 on Wednesday. The firm has a 50 day moving average price of $161.64 and a 200 day moving average price of $192.23. Teleflex Incorporated has a 1 year low of $128.55 and a 1 year high of $249.91. The company has a debt-to-equity ratio of 0.37, a quick ratio of 1.39 and a current ratio of 2.42. The company has a market cap of $6.46 billion, a PE ratio of 27.70, a price-to-earnings-growth ratio of 1.73 and a beta of 1.21.

Teleflex (NYSE:TFX) last released its quarterly earnings data on Thursday, February 27th. The medical technology company reported $3.89 EPS for the quarter, beating the consensus estimate of $3.86 by $0.03. Teleflex had a return on equity of 14.19% and a net margin of 7.85%. The company had revenue of $795.40 million for the quarter, compared to analyst estimates of $813.24 million. Sell-side analysts expect that Teleflex Incorporated will post 13.98 earnings per share for the current year.

Teleflex Dividend Announcement

The business also recently declared a quarterly dividend, which was paid on Monday, March 17th. Investors of record on Friday, March 7th were issued a $0.34 dividend. The ex-dividend date was Friday, March 7th. This represents a $1.36 annualized dividend and a yield of 0.98%. Teleflex’s dividend payout ratio is presently 95.77%.

Analysts Set New Price Targets

Several analysts have recently commented on TFX shares. Raymond James lowered shares of Teleflex from an “outperform” rating to a “market perform” rating in a research report on Friday, February 28th. Royal Bank of Canada downgraded Teleflex from an “outperform” rating to a “sector perform” rating and dropped their price target for the stock from $220.00 to $155.00 in a research report on Friday, February 28th. Needham & Company LLC restated a “hold” rating on shares of Teleflex in a research report on Wednesday, March 12th. Bank of America lowered Teleflex from a “neutral” rating to an “underperform” rating and decreased their price objective for the company from $235.00 to $140.00 in a research note on Tuesday, March 4th. Finally, Piper Sandler reissued a “neutral” rating and issued a $140.00 target price (down previously from $255.00) on shares of Teleflex in a research note on Friday, February 28th. One analyst has rated the stock with a sell rating, nine have issued a hold rating and two have given a buy rating to the company. According to data from MarketBeat, Teleflex currently has a consensus rating of “Hold” and an average price target of $182.63.

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.