New York State Teachers Retirement System Has $7.05 Million Holdings in Teleflex Incorporated (NYSE:TFX)

New York State Teachers Retirement System cut its holdings in Teleflex Incorporated (NYSE:TFX) by 3.0% during the 4th quarter, according to its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 39,581 shares of the medical technology company’s stock after selling 1,221 shares during the quarter. New York State Teachers Retirement System owned approximately 0.09% of Teleflex worth $7,045,000 at the end of the most recent reporting period.

Other large investors have also bought and sold shares of the company. Cromwell Holdings LLC boosted its stake in Teleflex by 59.0% in the third quarter. Cromwell Holdings LLC now owns 132 shares of the medical technology company’s stock valued at $33,000 after buying an additional 49 shares in the last quarter. Avior Wealth Management LLC raised its position in Teleflex by 190.6% in the third quarter. Avior Wealth Management LLC now owns 154 shares of the medical technology company’s stock valued at $38,000 after purchasing an additional 101 shares during the last quarter. Ashton Thomas Securities LLC bought a new position in Teleflex in the third quarter valued at about $40,000. True Wealth Design LLC raised its position in Teleflex by 16,600.0% in the third quarter. True Wealth Design LLC now owns 167 shares of the medical technology company’s stock valued at $41,000 after purchasing an additional 166 shares during the last quarter. Finally, Capital Performance Advisors LLP bought a new position in Teleflex in the third quarter valued at about $54,000. 95.62% of the stock is owned by institutional investors and hedge funds.

Analysts Set New Price Targets

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

Teleflex Stock Up 3.2 %

Shares of NYSE:TFX opened at $174.74 on Thursday. The stock has a market cap of $8.12 billion, a price-to-earnings ratio of 34.74, a PEG ratio of 1.65 and a beta of 1.16. The company has a quick ratio of 1.39, a current ratio of 2.42 and a debt-to-equity ratio of 0.37. Teleflex Incorporated has a 12-month low of $165.62 and a 12-month high of $253.06. The business’s 50 day moving average is $177.41 and its 200 day moving average is $208.26.

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.