Victory Capital Management Inc. Has $9.26 Million Position in Teleflex Incorporated (NYSE:TFX)

Victory Capital Management Inc. raised its stake in Teleflex Incorporated (NYSE:TFX) by 47.0% during the fourth quarter, according to the company in its most recent Form 13F filing with the SEC. The institutional investor owned 52,011 shares of the medical technology company’s stock after buying an additional 16,641 shares during the quarter. Victory Capital Management Inc. owned about 0.11% of Teleflex worth $9,257,000 at the end of the most recent reporting period.

Other institutional investors have also recently bought and sold shares of the company. Vontobel Holding Ltd. lifted its stake in Teleflex by 21.9% in the fourth quarter. Vontobel Holding Ltd. now owns 1,393 shares of the medical technology company’s stock valued at $248,000 after buying an additional 250 shares in the last quarter. Simplify Asset Management Inc. bought a new position in Teleflex in the third quarter valued at approximately $4,800,000. JPMorgan Chase & Co. lifted its stake in Teleflex by 14.3% in the third quarter. JPMorgan Chase & Co. now owns 155,158 shares of the medical technology company’s stock valued at $38,374,000 after buying an additional 19,466 shares in the last quarter. Sumitomo Mitsui Trust Group Inc. lifted its stake in Teleflex by 5.2% in the fourth quarter. Sumitomo Mitsui Trust Group Inc. now owns 108,231 shares of the medical technology company’s stock valued at $19,263,000 after buying an additional 5,322 shares in the last quarter. Finally, Lecap Asset Management Ltd. bought a new stake in shares of Teleflex in the fourth quarter worth $729,000. Institutional investors own 95.62% of the company’s stock.

Wall Street Analysts Forecast Growth

A number of analysts have recently commented on the stock. Piper Sandler reissued a “neutral” rating and issued a $140.00 price objective (down previously from $255.00) on shares of Teleflex in a research report on Friday, February 28th. Citizens Jmp lowered shares of Teleflex from an “outperform” rating to a “market perform” rating in a research report on Thursday, February 27th. Morgan Stanley dropped their price target on shares of Teleflex from $275.00 to $191.00 and set an “overweight” rating on the stock in a research report on Wednesday, March 5th. Bank of America lowered shares of Teleflex from a “neutral” rating to an “underperform” rating and dropped their price target for the stock from $235.00 to $140.00 in a research report on Tuesday, March 4th. Finally, Truist Financial dropped their price target on shares of Teleflex from $200.00 to $149.00 and set a “hold” rating on the stock in a research report on Monday, March 3rd. One analyst has rated the stock with a sell rating, nine have assigned a hold rating and two have issued a buy rating to the company’s stock. According to MarketBeat.com, the stock currently has a consensus rating of “Hold” and a consensus target price of $182.63.

Teleflex Stock Performance

NYSE:TFX opened at $136.04 on Friday. The company has a market capitalization of $6.31 billion, a PE ratio of 27.04, a P/E/G ratio of 1.73 and a beta of 1.21. The company has a 50 day simple moving average of $167.87 and a two-hundred day simple moving average of $198.71. The company has a debt-to-equity ratio of 0.37, a quick ratio of 1.39 and a current ratio of 2.42. Teleflex Incorporated has a fifty-two week low of $128.55 and a fifty-two week high of $249.90.

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

Teleflex Dividend Announcement

The business also recently disclosed a quarterly dividend, which will be paid on Monday, March 17th. Stockholders of record on Friday, March 7th will be given a dividend of $0.34 per share. This represents a $1.36 annualized dividend and a dividend yield of 1.00%. The ex-dividend date is 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.