Tealwood Asset Management Inc. Has $4,562,000 Stake in Teleflex Inc. (TFX)
Tealwood Asset Management Inc. cut its position in shares of Teleflex Inc. (NYSE:TFX) by 1.8% during the second quarter, Holdings Channel reports. The institutional investor owned 25,729 shares of the medical technology company’s stock after selling 470 shares during the period. Teleflex makes up 2.1% of Tealwood Asset Management Inc.’s holdings, making the stock its 13th largest position. Tealwood Asset Management Inc.’s holdings in Teleflex were worth $4,562,000 at the end of the most recent quarter.
Other hedge funds and other institutional investors also recently bought and sold shares of the company. Atlanta Capital Management Co. L L C raised its position in Teleflex by 42.1% in the first quarter. Atlanta Capital Management Co. L L C now owns 1,830,995 shares of the medical technology company’s stock worth $287,484,000 after buying an additional 542,610 shares in the last quarter. Wellington Management Group LLP raised its stake in shares of Teleflex by 120.7% in the first quarter. Wellington Management Group LLP now owns 761,800 shares of the medical technology company’s stock worth $119,610,000 after buying an additional 416,696 shares during the period. Renaissance Technologies LLC raised its stake in shares of Teleflex by 279.6% in the first quarter. Renaissance Technologies LLC now owns 154,100 shares of the medical technology company’s stock worth $24,195,000 after buying an additional 113,500 shares during the period. First Quadrant L P CA raised its stake in shares of Teleflex by 830.0% in the second quarter. First Quadrant L P CA now owns 111,600 shares of the medical technology company’s stock worth $19,788,000 after buying an additional 99,600 shares during the period. Finally, Credit Agricole S A raised its stake in shares of Teleflex by 283.1% in the first quarter. Credit Agricole S A now owns 107,735 shares of the medical technology company’s stock worth $16,916,000 after buying an additional 79,611 shares during the period. Institutional investors own 93.77% of the company’s stock.
Shares of Teleflex Inc. (NYSE:TFX) traded up 0.66% during mid-day trading on Friday, hitting $168.81. The company’s stock had a trading volume of 370,154 shares. Teleflex Inc. has a 52-week low of $123.79 and a 52-week high of $188.79. The stock’s 50 day moving average price is $175.13 and its 200 day moving average price is $170.43. The company has a market cap of $7.43 billion, a price-to-earnings ratio of 29.96 and a beta of 0.83.
Teleflex (NYSE:TFX) last issued its quarterly earnings data on Thursday, July 28th. The medical technology company reported $1.89 earnings per share for the quarter, beating the Zacks’ consensus estimate of $1.74 by $0.15. The firm earned $473.60 million during the quarter, compared to analyst estimates of $468.40 million. Teleflex had a return on equity of 15.59% and a net margin of 14.89%. The business’s quarterly revenue was up 4.8% compared to the same quarter last year. During the same quarter last year, the business posted $1.42 earnings per share. Equities analysts forecast that Teleflex Inc. will post $7.33 EPS for the current year.
The company also recently disclosed a quarterly dividend, which was paid on Thursday, September 15th. Stockholders of record on Monday, August 15th were given a dividend of $0.34 per share. The ex-dividend date was Thursday, August 11th. This represents a $1.36 dividend on an annualized basis and a dividend yield of 0.81%. Teleflex’s payout ratio is 24.11%.
A number of analysts recently commented on TFX shares. Zacks Investment Research upgraded Teleflex from a “hold” rating to a “buy” rating and set a $192.00 price target on the stock in a report on Wednesday, June 29th. Leerink Swann lifted their price target on Teleflex from $183.00 to $190.00 and gave the stock a “market perform” rating in a report on Friday, July 29th. Jefferies Group lifted their price target on Teleflex from $157.00 to $185.00 and gave the stock a “hold” rating in a report on Friday, July 29th. Finally, Barclays PLC lifted their price target on Teleflex from $183.00 to $185.00 and gave the stock an “overweight” rating in a report on Friday, July 29th. Two equities research analysts have rated the stock with a hold rating, seven have issued a buy rating and one has issued a strong buy rating to the company. The stock has an average rating of “Buy” and a consensus price target of $171.33.
Teleflex Incorporated is a provider of medical technology products. The Company designs, develops, manufactures and supplies single-use medical devices used by hospitals and healthcare providers for diagnostic and therapeutic procedures in critical care and surgical applications. The Company markets and sells its products to hospitals and healthcare providers, across the world, through a combination of its direct sales force and distributors.
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