HighTower Advisors LLC Buys 971 Shares of Teleflex Incorporated (NYSE:TFX)

HighTower Advisors LLC grew its stake in shares of Teleflex Incorporated (NYSE:TFX) by 24.3% during the fourth quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The institutional investor owned 4,969 shares of the medical technology company’s stock after buying an additional 971 shares during the period. HighTower Advisors LLC’s holdings in Teleflex were worth $884,000 at the end of the most recent reporting period.

Other hedge funds also recently made changes to their positions in the company. True Wealth Design LLC boosted its position in shares of Teleflex by 16,600.0% in the third quarter. True Wealth Design LLC now owns 167 shares of the medical technology company’s stock worth $41,000 after purchasing an additional 166 shares during the period. Avior Wealth Management LLC boosted its holdings in Teleflex by 81.2% in the 4th quarter. Avior Wealth Management LLC now owns 279 shares of the medical technology company’s stock worth $50,000 after buying an additional 125 shares during the period. IFP Advisors Inc increased its stake in Teleflex by 238.5% in the 4th quarter. IFP Advisors Inc now owns 308 shares of the medical technology company’s stock worth $55,000 after buying an additional 217 shares in the last quarter. Exchange Traded Concepts LLC raised its holdings in Teleflex by 38.2% during the fourth quarter. Exchange Traded Concepts LLC now owns 340 shares of the medical technology company’s stock valued at $61,000 after acquiring an additional 94 shares during the period. Finally, R Squared Ltd purchased a new position in shares of Teleflex in the fourth quarter valued at about $64,000. 95.62% of the stock is currently owned by institutional investors.

Analysts Set New Price Targets

Several analysts recently issued reports on TFX shares. StockNews.com downgraded Teleflex from a “buy” rating to a “hold” rating in a research note on Friday, February 28th. Needham & Company LLC reiterated a “hold” rating on shares of Teleflex in a research report on Wednesday, March 12th. Bank of America lowered shares of Teleflex from a “neutral” rating to an “underperform” rating and dropped their target price for the stock from $235.00 to $140.00 in a research report on Tuesday, March 4th. Piper Sandler reiterated a “neutral” rating and issued a $140.00 price target (down from $255.00) on shares of Teleflex in a report on Friday, February 28th. Finally, Citizens Jmp downgraded shares of Teleflex from an “outperform” rating to a “market perform” rating in a report on Thursday, February 27th. One investment analyst has rated the stock with a sell rating, nine have given a hold rating and two have given a buy rating to the company’s stock. Based on data from MarketBeat, Teleflex presently has an average rating of “Hold” and a consensus price target of $182.63.

Teleflex Stock Down 0.6 %

Shares of NYSE TFX opened at $139.34 on Friday. The company has a current ratio of 2.42, a quick ratio of 1.39 and a debt-to-equity ratio of 0.37. Teleflex Incorporated has a 12-month low of $128.55 and a 12-month high of $249.91. The firm’s 50-day moving average price is $160.07 and its 200-day moving average price is $191.50. The stock has a market capitalization of $6.46 billion, a price-to-earnings ratio of 27.70, a P/E/G ratio of 1.73 and a beta of 1.21.

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

Teleflex Announces Dividend

The company also recently disclosed a quarterly dividend, which was paid on Monday, March 17th. Shareholders of record on Friday, March 7th were given a dividend of $0.34 per share. This represents a $1.36 dividend on an annualized basis and a yield of 0.98%. The ex-dividend date of this dividend was Friday, March 7th. Teleflex’s dividend payout ratio (DPR) is 95.77%.

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.