Victory Capital Management Inc. Has $8.75 Million Stock Position in Teleflex Incorporated (NYSE:TFX)

Victory Capital Management Inc. raised its holdings in shares of Teleflex Incorporated (NYSE:TFX) by 364.6% in the third quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 35,370 shares of the medical technology company’s stock after buying an additional 27,757 shares during the quarter. Victory Capital Management Inc. owned about 0.08% of Teleflex worth $8,748,000 as of its most recent SEC filing.

Several other hedge funds also recently modified their holdings of the business. Janus Henderson Group PLC raised its stake in shares of Teleflex by 12.0% in the first quarter. Janus Henderson Group PLC now owns 5,409,317 shares of the medical technology company’s stock valued at $1,223,424,000 after purchasing an additional 581,312 shares in the last quarter. Point72 Asset Management L.P. boosted its position in shares of Teleflex by 564.3% during the 2nd quarter. Point72 Asset Management L.P. now owns 310,484 shares of the medical technology company’s stock valued at $65,304,000 after acquiring an additional 263,743 shares in the last quarter. Cooke & Bieler LP increased its stake in Teleflex by 23.3% in the second quarter. Cooke & Bieler LP now owns 912,797 shares of the medical technology company’s stock valued at $191,989,000 after acquiring an additional 172,335 shares during the period. Ceredex Value Advisors LLC acquired a new position in Teleflex in the second quarter worth about $25,550,000. Finally, National Bank of Canada FI raised its position in Teleflex by 1,008.2% in the second quarter. National Bank of Canada FI now owns 115,343 shares of the medical technology company’s stock worth $24,388,000 after purchasing an additional 104,935 shares in the last quarter. 95.62% of the stock is owned by institutional investors.

Analyst Upgrades and Downgrades

Several research analysts have issued reports on the company. Needham & Company LLC reiterated a “hold” rating on shares of Teleflex in a research note on Friday, November 1st. StockNews.com cut shares of Teleflex from a “buy” rating to a “hold” rating in a research report on Wednesday. Mizuho decreased their price objective on shares of Teleflex from $275.00 to $250.00 and set a “neutral” rating on the stock in a research note on Friday, November 1st. Royal Bank of Canada cut their target price on shares of Teleflex from $275.00 to $245.00 and set an “outperform” rating for the company in a research note on Friday, November 1st. Finally, Stephens increased their price target on Teleflex from $275.00 to $290.00 and gave the stock an “overweight” rating in a research report on Friday, August 2nd. Four analysts have rated the stock with a hold rating and six have given a buy rating to the company. According to data from MarketBeat, Teleflex has an average rating of “Moderate Buy” and an average price target of $259.25.

Teleflex Stock Performance

TFX stock opened at $190.50 on Friday. Teleflex Incorporated has a twelve month low of $185.66 and a twelve month high of $257.85. The company has a quick ratio of 1.39, a current ratio of 2.42 and a debt-to-equity ratio of 0.37. The company has a market cap of $8.85 billion, a P/E ratio of 37.27, a price-to-earnings-growth ratio of 1.98 and a beta of 1.18. The business’s fifty day moving average is $227.12 and its 200-day moving average is $223.02.

Teleflex (NYSE:TFX) last issued its earnings results on Thursday, October 31st. The medical technology company reported $3.49 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $3.38 by $0.11. The firm had revenue of $764.40 million for the quarter, compared to analysts’ expectations of $768.68 million. Teleflex had a return on equity of 14.19% and a net margin of 7.85%. The company’s revenue was up 2.4% compared to the same quarter last year. During the same quarter last year, the business earned $3.64 earnings per share. Equities research analysts forecast that Teleflex Incorporated will post 13.98 EPS for the current year.

Teleflex Dividend Announcement

The firm also recently declared a quarterly dividend, which will be paid on Monday, December 16th. Stockholders of record on Friday, November 15th will be paid a dividend of $0.34 per share. The ex-dividend date of this dividend is Friday, November 15th. This represents a $1.36 annualized dividend and a dividend yield of 0.71%. Teleflex’s dividend payout ratio is currently 27.04%.

Teleflex 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.