World Asset Management Inc boosted its position in shares of Teleflex Incorporated (NYSE:TFX) by 3.6% during the second quarter, Holdings Channel reports. The institutional investor owned 2,942 shares of the medical technology company’s stock after buying an additional 101 shares during the period. World Asset Management Inc’s holdings in Teleflex were worth $611,000 as of its most recent filing with the SEC.

Several other institutional investors have also recently added to or reduced their stakes in the stock. FMR LLC raised its position in shares of Teleflex by 46.5% in the first quarter. FMR LLC now owns 811,764 shares of the medical technology company’s stock worth $157,263,000 after buying an additional 257,649 shares during the period. MARSHALL WACE ASIA Ltd bought a new position in shares of Teleflex during the first quarter worth about $42,368,000. Marshall Wace North America L.P. bought a new position in shares of Teleflex during the first quarter worth about $42,368,000. Vanguard Group Inc. raised its position in shares of Teleflex by 5.2% in the first quarter. Vanguard Group Inc. now owns 3,781,475 shares of the medical technology company’s stock worth $732,584,000 after buying an additional 186,845 shares during the period. Finally, Copper Rock Capital Partners LLC bought a new position in shares of Teleflex during the second quarter worth about $21,709,000. 93.02% of the stock is currently owned by institutional investors.

Shares of Teleflex Incorporated (NYSE:TFX) opened at 213.00 on Wednesday. The firm has a market cap of $9.58 billion, a P/E ratio of 44.21 and a beta of 1.05. The stock has a 50 day moving average of $207.61 and a 200 day moving average of $195.00. Teleflex Incorporated has a 52 week low of $136.53 and a 52 week high of $216.37.

Teleflex (NYSE:TFX) last released its earnings results on Thursday, August 3rd. The medical technology company reported $2.04 earnings per share (EPS) for the quarter, topping the consensus estimate of $1.91 by $0.13. The company had revenue of $528.60 million for the quarter, compared to analyst estimates of $518.98 million. Teleflex had a return on equity of 16.12% and a net margin of 12.36%. Teleflex’s quarterly revenue was up 11.6% on a year-over-year basis. During the same period in the prior year, the firm posted $1.89 EPS. Analysts anticipate that Teleflex Incorporated will post $8.25 earnings per share for the current fiscal year.

The business also recently announced a quarterly dividend, which will be paid on Friday, September 15th. Stockholders of record on Tuesday, August 15th will be issued a dividend of $0.34 per share. This represents a $1.36 annualized dividend and a dividend yield of 0.64%. The ex-dividend date of this dividend is Friday, August 11th. Teleflex’s dividend payout ratio (DPR) is currently 26.00%.

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A number of equities analysts recently issued reports on the stock. Needham & Company LLC reaffirmed a “buy” rating on shares of Teleflex in a research report on Friday, August 4th. BidaskClub lowered shares of Teleflex from a “hold” rating to a “sell” rating in a research report on Tuesday. Barclays PLC reaffirmed a “buy” rating on shares of Teleflex in a research report on Monday, June 26th. Zacks Investment Research raised shares of Teleflex from a “hold” rating to a “buy” rating and set a $228.00 target price on the stock in a research report on Friday, June 23rd. Finally, Jefferies Group LLC reaffirmed a “buy” rating and set a $230.00 target price on shares of Teleflex in a research report on Thursday, August 3rd. One research analyst has rated the stock with a sell rating, one has given a hold rating and six have assigned a buy rating to the stock. The company currently has a consensus rating of “Buy” and an average price target of $221.17.

In other Teleflex news, Director Gretchen R. Haggerty acquired 1,000 shares of Teleflex stock in a transaction that occurred on Wednesday, June 21st. The shares were acquired at an average cost of $203.82 per share, with a total value of $203,820.00. Following the completion of the purchase, the director now directly owns 1,760 shares of the company’s stock, valued at approximately $358,723.20. The acquisition was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. Also, Director Stephen K. M.D. Klasko sold 200 shares of the firm’s stock in a transaction dated Tuesday, August 1st. The shares were sold at an average price of $208.41, for a total value of $41,682.00. Following the completion of the sale, the director now directly owns 8,080 shares in the company, valued at $1,683,952.80. The disclosure for this sale can be found here. Over the last three months, insiders have sold 8,300 shares of company stock worth $1,643,975. 2.39% of the stock is currently owned by insiders.

Teleflex Company Profile

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 operates through six segments: Vascular North America; Anesthesia North America; Surgical North America; Europe, the Middle East and Africa (EMEA); Asia, and Original Equipment Manufacturer (OEM).

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Institutional Ownership by Quarter for Teleflex (NYSE:TFX)

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