15,058 Shares in Teleflex Incorporated $TFX Purchased by Landscape Capital Management L.L.C.

Key Points

• Landscape Capital Management acquired 15,058 Teleflex shares worth approximately $1.9 million, while institutional investors and hedge funds collectively own 95.62% of the company.
• Analyst sentiment remains mixed, with an average “Hold” rating and a consensus price target of $151.80; individual targets range from $145 to $169.
• Teleflex reported quarterly EPS of $1.76, beating expectations of $1.28, while revenue rose 28.9% year over year to $570.33 million. The company also declared a quarterly dividend of $0.34 per share, equivalent to a 1.0% annualized yield.

Landscape Capital Management L.L.C. acquired a new position in shares of Teleflex Incorporated (NYSE:TFX - Free Report) in the 2nd quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The fund acquired 15,058 shares of the medical technology company's stock, valued at approximately $1,909,000.

A number of other large investors also recently added to or reduced their stakes in TFX. BlackRock Inc. bought a new position in shares of Teleflex in the 2nd quarter valued at about $688,537,000. AQR Capital Management LLC raised its stake in shares of Teleflex by 478.1% during the third quarter. AQR Capital Management LLC now owns 2,366,131 shares of the medical technology company's stock worth $287,603,000 after buying an additional 1,956,811 shares during the last quarter. Irenic Capital Management LP bought a new stake in shares of Teleflex during the first quarter worth approximately $104,061,000. Pzena Investment Management LLC bought a new stake in shares of Teleflex during the second quarter worth approximately $76,462,000. Finally, Norges Bank acquired a new position in Teleflex in the fourth quarter valued at approximately $66,076,000. 95.62% of the stock is currently owned by institutional investors and hedge funds.

Analysts Set New Price Targets

TFX has been the topic of a number of recent research reports. Mizuho raised their price objective on shares of Teleflex from $140.00 to $145.00 and gave the company a "neutral" rating in a research note on Wednesday, July 15th. Raymond James Financial reiterated an "outperform" rating and set a $150.00 target price on shares of Teleflex in a research report on Friday, May 8th. Truist Financial increased their price target on Teleflex from $143.00 to $150.00 and gave the company a "hold" rating in a research note on Monday, August 10th. BMO Capital Markets started coverage on Teleflex in a research report on Wednesday, July 8th. They issued an "outperform" rating and a $159.00 price target on the stock. Finally, Piper Sandler reaffirmed an "overweight" rating and set a $169.00 price objective (up from $160.00) on shares of Teleflex in a research note on Friday, August 7th. One analyst has rated the stock with a Strong Buy rating, four have given a Buy rating, six have given a Hold rating and one has issued a Sell rating to the company's stock. According to MarketBeat, Teleflex presently has an average rating of "Hold" and an average target price of $151.80.

Teleflex Stock Up 3.0%

Teleflex stock opened at $138.99 on Friday. The company's 50 day simple moving average is $132.70 and its 200 day simple moving average is $124.73. Teleflex Incorporated has a fifty-two week low of $100.18 and a fifty-two week high of $145.00. The firm has a market capitalization of $5.89 billion, a price-to-earnings ratio of -5.97, a PEG ratio of 0.93 and a beta of 0.81. The company has a debt-to-equity ratio of 0.94, a current ratio of 2.60 and a quick ratio of 2.12.

Teleflex (NYSE:TFX - Get Free Report) last issued its earnings results on Thursday, August 6th. The medical technology company reported $1.76 EPS for the quarter, beating the consensus estimate of $1.28 by $0.48. The firm had revenue of $570.33 million during the quarter, compared to the consensus estimate of $559.59 million. Teleflex had a negative net margin of 39.67% and a positive return on equity of 11.93%. The business's quarterly revenue was up 28.9% on a year-over-year basis. During the same quarter in the prior year, the firm earned $3.73 earnings per share. Teleflex has set its FY 2026 guidance at 6.900-7.200 EPS. As a group, sell-side analysts anticipate that Teleflex Incorporated will post 7.26 EPS for the current year.

Teleflex Dividend Announcement

The company also recently declared a quarterly dividend, which will be paid on Wednesday, September 30th. Stockholders of record on Friday, August 14th will be issued a $0.34 dividend. The ex-dividend date of this dividend is Friday, August 14th. This represents a $1.36 annualized dividend and a dividend yield of 1.0%. Teleflex's payout ratio is -5.84%.

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.

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