Teleflex Incorporated (NYSE:TFX) Shares Sold by Stifel Financial Corp

Stifel Financial Corp decreased its holdings in Teleflex Incorporated (NYSE:TFX) by 71.3% in the 3rd quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 3,557 shares of the medical technology company’s stock after selling 8,858 shares during the period. Stifel Financial Corp’s holdings in Teleflex were worth $880,000 as of its most recent filing with the Securities & Exchange Commission.

Other large investors have also modified their holdings of the company. Simplify Asset Management Inc. purchased a new position in Teleflex during the 3rd quarter worth approximately $4,800,000. Dimensional Fund Advisors LP grew its position in shares of Teleflex by 4.2% during the second quarter. Dimensional Fund Advisors LP now owns 398,175 shares of the medical technology company’s stock worth $83,741,000 after acquiring an additional 15,992 shares during the last quarter. Northwestern Mutual Wealth Management Co. raised its position in Teleflex by 19.8% in the 2nd quarter. Northwestern Mutual Wealth Management Co. now owns 484 shares of the medical technology company’s stock valued at $102,000 after purchasing an additional 80 shares during the last quarter. Allspring Global Investments Holdings LLC raised its position in Teleflex by 41.5% in the 3rd quarter. Allspring Global Investments Holdings LLC now owns 24,301 shares of the medical technology company’s stock valued at $6,010,000 after purchasing an additional 7,132 shares during the last quarter. Finally, LGT Capital Partners LTD. boosted its stake in Teleflex by 4.2% during the 3rd quarter. LGT Capital Partners LTD. now owns 231,685 shares of the medical technology company’s stock worth $57,300,000 after purchasing an additional 9,411 shares during the period. Hedge funds and other institutional investors own 95.62% of the company’s stock.

Analyst Upgrades and Downgrades

Several brokerages recently issued reports on TFX. Royal Bank of Canada dropped their price target on Teleflex from $275.00 to $245.00 and set an “outperform” rating on the stock in a research report on Friday, November 1st. Needham & Company LLC reissued a “hold” rating on shares of Teleflex in a research note on Monday, December 16th. Mizuho lowered their target price on shares of Teleflex from $275.00 to $250.00 and set a “neutral” rating on the stock in a report on Friday, November 1st. Truist Financial cut their price target on shares of Teleflex from $227.00 to $200.00 and set a “hold” rating for the company in a report on Wednesday, December 18th. Finally, StockNews.com raised Teleflex from a “hold” rating to a “buy” rating in a report on Thursday, November 28th. Three investment analysts have rated the stock with a hold rating and five have assigned a buy rating to the company’s stock. According to data from MarketBeat, the stock has an average rating of “Moderate Buy” and an average target price of $252.50.

Teleflex Stock Down 0.6 %

TFX stock opened at $177.26 on Wednesday. Teleflex Incorporated has a 52 week low of $171.69 and a 52 week high of $256.85. The company has a current ratio of 2.42, a quick ratio of 1.39 and a debt-to-equity ratio of 0.37. The company has a market cap of $8.23 billion, a P/E ratio of 35.24, a P/E/G ratio of 1.84 and a beta of 1.16. The company’s 50-day moving average price is $201.26 and its 200 day moving average price is $219.19.

Teleflex (NYSE:TFX) last released its quarterly earnings data on Thursday, October 31st. The medical technology company reported $3.49 earnings per share for the quarter, beating the consensus estimate of $3.38 by $0.11. The firm had revenue of $764.40 million during the quarter, compared to the consensus estimate of $768.68 million. Teleflex had a return on equity of 14.19% and a net margin of 7.85%. Teleflex’s quarterly revenue was up 2.4% on a year-over-year basis. During the same period last year, the business posted $3.64 EPS. On average, research analysts expect that Teleflex Incorporated will post 13.98 earnings per share for the current fiscal year.

Teleflex Announces Dividend

The firm also recently announced a quarterly dividend, which was paid on Monday, December 16th. Shareholders of record on Friday, November 15th were issued a dividend of $0.34 per share. The ex-dividend date was Friday, November 15th. This represents a $1.36 annualized dividend and a yield of 0.77%. Teleflex’s dividend payout ratio (DPR) is currently 27.04%.

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.