Teachers Retirement System of The State of Kentucky grew its stake in Teleflex Incorporated (NYSE:TFX) by 6.4% in the third quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The fund owned 26,010 shares of the medical technology company’s stock after acquiring an additional 1,574 shares during the quarter. Teachers Retirement System of The State of Kentucky owned about 0.06% of Teleflex worth $6,921,000 as of its most recent SEC filing.

Other institutional investors and hedge funds also recently modified their holdings of the company. Parallel Advisors LLC increased its stake in shares of Teleflex by 200.0% in the 2nd quarter. Parallel Advisors LLC now owns 450 shares of the medical technology company’s stock worth $120,000 after acquiring an additional 300 shares during the last quarter. First Hawaiian Bank acquired a new stake in shares of Teleflex in the 3rd quarter worth $156,000. Qube Research & Technologies Ltd acquired a new stake in shares of Teleflex in the 2nd quarter worth $168,000. First Light Asset Management LLC acquired a new stake in shares of Teleflex in the 2nd quarter worth $210,000. Finally, Dupont Capital Management Corp increased its stake in shares of Teleflex by 80.5% in the 2nd quarter. Dupont Capital Management Corp now owns 832 shares of the medical technology company’s stock worth $223,000 after acquiring an additional 371 shares during the last quarter. 93.76% of the stock is owned by institutional investors and hedge funds.

In related news, CFO Thomas E. Powell sold 5,200 shares of the firm’s stock in a transaction dated Friday, August 31st. The stock was sold at an average price of $247.55, for a total transaction of $1,287,260.00. Following the completion of the transaction, the chief financial officer now directly owns 10,723 shares in the company, valued at approximately $2,654,478.65. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, Director Stuart A. Randle sold 2,500 shares of the firm’s stock in a transaction dated Thursday, November 8th. The shares were sold at an average price of $265.23, for a total value of $663,075.00. Following the transaction, the director now owns 7,921 shares of the company’s stock, valued at $2,100,886.83. The disclosure for this sale can be found here. Insiders have sold a total of 91,660 shares of company stock valued at $23,552,188 over the last three months. Corporate insiders own 2.56% of the company’s stock.

A number of analysts have issued reports on the company. Needham & Company LLC cut their target price on Teleflex from $298.00 to $279.00 and set a “buy” rating for the company in a research note on Friday, August 3rd. Barclays assumed coverage on Teleflex in a research note on Monday, October 15th. They issued an “equal weight” rating and a $266.00 target price for the company. ValuEngine downgraded Teleflex from a “buy” rating to a “hold” rating in a research note on Friday, August 3rd. TheStreet downgraded Teleflex from a “b” rating to a “c+” rating in a research note on Friday, August 3rd. Finally, Morgan Stanley cut their price objective on Teleflex from $310.00 to $295.00 and set an “overweight” rating for the company in a research report on Friday, August 3rd. Three research analysts have rated the stock with a hold rating and six have given a buy rating to the company. Teleflex currently has a consensus rating of “Buy” and an average price target of $289.38.

Shares of NYSE:TFX opened at $262.17 on Monday. The company has a debt-to-equity ratio of 0.83, a current ratio of 2.26 and a quick ratio of 1.51. The stock has a market cap of $12.06 billion, a P/E ratio of 31.21, a price-to-earnings-growth ratio of 2.12 and a beta of 1.12. Teleflex Incorporated has a 12-month low of $227.52 and a 12-month high of $288.78.

Teleflex (NYSE:TFX) last issued its quarterly earnings data on Thursday, November 1st. The medical technology company reported $2.52 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $2.41 by $0.11. The firm had revenue of $609.70 million during the quarter, compared to the consensus estimate of $609.05 million. Teleflex had a return on equity of 18.04% and a net margin of 2.81%. The company’s quarterly revenue was up 14.0% on a year-over-year basis. During the same period last year, the company earned $2.12 EPS. On average, sell-side analysts forecast that Teleflex Incorporated will post 9.91 EPS for the current year.

The firm also recently disclosed a quarterly dividend, which will be paid on Friday, December 14th. Investors of record on Thursday, November 15th will be given a dividend of $0.34 per share. This represents a $1.36 dividend on an annualized basis and a dividend yield of 0.52%. The ex-dividend date of this dividend is Wednesday, November 14th. Teleflex’s payout ratio is 16.19%.

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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. It offers vascular access products that comprise Arrow branded catheters and related devices, including catheter positioning systems for use in the administration of intravenous medications and other therapies, the measurement of blood pressure, and the withdrawal of blood samples through a single puncture site; and devices for treating coronary and peripheral vascular disease.

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Institutional Ownership by Quarter for Teleflex (NYSE:TFX)

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