Cinctive Capital Management LP Invests $3.97 Million in Teleflex Incorporated $TFX

Cinctive Capital Management LP bought a new stake in shares of Teleflex Incorporated (NYSE:TFX) during the 3rd quarter, according to its most recent filing with the SEC. The firm bought 32,423 shares of the medical technology company’s stock, valued at approximately $3,967,000.

Several other hedge funds and other institutional investors have also recently bought and sold shares of the stock. Empowered Funds LLC grew its position in Teleflex by 15.8% in the first quarter. Empowered Funds LLC now owns 1,684 shares of the medical technology company’s stock valued at $233,000 after acquiring an additional 230 shares in the last quarter. Jane Street Group LLC lifted its position in shares of Teleflex by 42.6% during the first quarter. Jane Street Group LLC now owns 6,343 shares of the medical technology company’s stock worth $877,000 after purchasing an additional 1,895 shares in the last quarter. Connor Clark & Lunn Investment Management Ltd. acquired a new position in shares of Teleflex during the second quarter worth $2,464,000. Police & Firemen s Retirement System of New Jersey boosted its stake in shares of Teleflex by 2.0% in the second quarter. Police & Firemen s Retirement System of New Jersey now owns 17,235 shares of the medical technology company’s stock valued at $2,040,000 after purchasing an additional 332 shares during the period. Finally, Commonwealth of Pennsylvania Public School Empls Retrmt SYS boosted its stake in shares of Teleflex by 2.1% in the second quarter. Commonwealth of Pennsylvania Public School Empls Retrmt SYS now owns 11,345 shares of the medical technology company’s stock valued at $1,343,000 after purchasing an additional 231 shares during the period. 95.62% of the stock is owned by institutional investors and hedge funds.

Analyst Upgrades and Downgrades

Several equities research analysts recently issued reports on the stock. Weiss Ratings reaffirmed a “sell (d)” rating on shares of Teleflex in a research note on Monday, December 29th. Royal Bank Of Canada raised their target price on Teleflex from $115.00 to $125.00 and gave the company a “sector perform” rating in a research note on Friday, February 27th. Wells Fargo & Company lifted their target price on Teleflex from $116.00 to $130.00 and gave the stock an “equal weight” rating in a research report on Friday, February 27th. Wall Street Zen cut Teleflex from a “hold” rating to a “sell” rating in a research note on Saturday, March 7th. Finally, Truist Financial increased their price target on Teleflex from $120.00 to $135.00 and gave the company a “hold” rating in a report on Thursday, December 18th. Two investment analysts have rated the stock with a Buy rating, four have given a Hold rating and two have issued a Sell rating to the company’s stock. Based on data from MarketBeat.com, Teleflex has an average rating of “Hold” and a consensus price target of $140.83.

Teleflex Trading Down 0.9%

Shares of NYSE TFX opened at $107.29 on Monday. Teleflex Incorporated has a 12-month low of $100.18 and a 12-month high of $143.32. The company has a market cap of $4.74 billion, a price-to-earnings ratio of -5.22, a price-to-earnings-growth ratio of 0.67 and a beta of 0.87. The company has a current ratio of 2.54, a quick ratio of 2.01 and a debt-to-equity ratio of 0.81. The stock’s 50 day simple moving average is $109.80 and its 200 day simple moving average is $117.96.

Teleflex (NYSE:TFX) last issued its quarterly earnings data on Thursday, February 26th. The medical technology company reported $1.93 EPS for the quarter, missing analysts’ consensus estimates of $3.73 by ($1.80). Teleflex had a positive return on equity of 14.30% and a negative net margin of 30.56%.The company had revenue of $569.00 million for the quarter, compared to the consensus estimate of $912.57 million. During the same quarter in the previous year, the company earned $3.89 earnings per share. Teleflex’s quarterly revenue was down 28.5% compared to the same quarter last year. Teleflex has set its FY 2026 guidance at 6.250-6.550 EPS. Equities research analysts expect that Teleflex Incorporated will post 13.98 EPS for the current year.

Teleflex Dividend Announcement

The company also recently declared a quarterly dividend, which will be paid on Tuesday, March 31st. Stockholders of record on Friday, March 6th will be given a dividend of $0.34 per share. The ex-dividend date is Friday, March 6th. This represents a $1.36 annualized dividend and a dividend yield of 1.3%. Teleflex’s dividend payout ratio is currently -6.62%.

Teleflex Company Profile

Teleflex Incorporated is a diversified global provider of medical technologies, specializing in critical care and surgery. Headquartered in Wayne, Pennsylvania, the company designs, manufactures and distributes devices and solutions used by healthcare professionals in hospital, ambulatory and alternate site settings. Teleflex focuses on delivering products that support complex interventional procedures and improve patient outcomes.

The company’s offerings span several key segments, including Interventional Urology, Respiratory & Anesthesia, Surgical, Cardiac Care, Vascular and Original Equipment Manufacturer (OEM) solutions.