Public Employees Retirement Association of Colorado reduced its position in shares of Teleflex Inc. (NYSE:TFX) by 0.1% during the second quarter, Holdings Channel reports. The firm owned 98,925 shares of the medical technology company’s stock after selling 102 shares during the period. Public Employees Retirement Association of Colorado’s holdings in Teleflex were worth $17,540,000 at the end of the most recent reporting period.
Several other institutional investors also recently added to or reduced their stakes in TFX. Huntington National Bank raised its position in Teleflex by 6.5% in the second quarter. Huntington National Bank now owns 820 shares of the medical technology company’s stock worth $145,000 after buying an additional 50 shares during the period. Rice Hall James & Associates LLC raised its position in Teleflex by 0.6% in the second quarter. Rice Hall James & Associates LLC now owns 75,130 shares of the medical technology company’s stock worth $13,321,000 after buying an additional 411 shares during the period. Capital Fund Management S.A. bought a new position in Teleflex during the second quarter worth $227,000. Retirement Systems of Alabama raised its position in Teleflex by 4.8% in the second quarter. Retirement Systems of Alabama now owns 56,234 shares of the medical technology company’s stock worth $9,971,000 after buying an additional 2,565 shares during the period. Finally, Louisiana State Employees Retirement System raised its position in Teleflex by 0.9% in the second quarter. Louisiana State Employees Retirement System now owns 11,600 shares of the medical technology company’s stock worth $2,057,000 after buying an additional 100 shares during the period. Institutional investors and hedge funds own 93.77% of the company’s stock.
Teleflex Inc. (NYSE:TFX) traded up 0.21% during mid-day trading on Wednesday, reaching $165.14. 83,918 shares of the company’s stock were exchanged. The stock has a 50-day moving average price of $175.98 and a 200 day moving average price of $170.48. The company has a market cap of $7.27 billion, a PE ratio of 29.31 and a beta of 0.83. Teleflex Inc. has a 52-week low of $123.79 and a 52-week high of $188.79.
Teleflex (NYSE:TFX) last released its earnings results on Thursday, July 28th. The medical technology company reported $1.89 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $1.74 by $0.15. Teleflex had a net margin of 14.89% and a return on equity of 15.59%. The company had revenue of $473.60 million for the quarter, compared to the consensus estimate of $468.40 million. During the same period in the prior year, the company posted $1.42 EPS. The company’s revenue was up 4.8% compared to the same quarter last year. Equities analysts predict that Teleflex Inc. will post $7.33 earnings per share for the current fiscal year.
The firm also recently announced a quarterly dividend, which was paid on Thursday, September 15th. Shareholders of record on Monday, August 15th were given a dividend of $0.34 per share. The ex-dividend date of this dividend was Thursday, August 11th. This represents a $1.36 dividend on an annualized basis and a yield of 0.83%. Teleflex’s payout ratio is presently 24.11%.
A number of equities analysts recently weighed in on the company. Jefferies Group increased their price target on Teleflex from $157.00 to $185.00 and gave the company a “hold” rating in a research report on Friday, July 29th. Barclays PLC lifted their target price on Teleflex from $183.00 to $185.00 and gave the company an “overweight” rating in a research note on Friday, July 29th. Leerink Swann upped their target price on Teleflex from $183.00 to $190.00 and gave the company a “market perform” rating in a report on Friday, July 29th. Finally, Zacks Investment Research raised shares of Teleflex from a “hold” rating to a “buy” rating and set a $192.00 price target for the company in a research report on Wednesday, June 29th. Two equities research analysts have rated the stock with a hold rating, seven have issued a buy rating and one has given a strong buy rating to the company. The company presently has a consensus rating of “Buy” and an average target price of $171.33.
Teleflex Company Profile
Teleflex Incorporated is a provider of medical technology products. The Company designs, develops, manufactures and supplies single-use medical devices used by hospitals and healthcare providers for diagnostic and therapeutic procedures in critical care and surgical applications. The Company markets and sells its products to hospitals and healthcare providers, across the world, through a combination of its direct sales force and distributors.
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