8,988 Shares in Teleflex Incorporated (NYSE:TFX) Purchased by Teacher Retirement System of Texas

Teacher Retirement System of Texas purchased a new position in Teleflex Incorporated (NYSE:TFX - Free Report) in the first quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The institutional investor purchased 8,988 shares of the medical technology company's stock, valued at approximately $1,242,000.

Other large investors also recently bought and sold shares of the company. MassMutual Private Wealth & Trust FSB increased its stake in Teleflex by 103.1% during the 1st quarter. MassMutual Private Wealth & Trust FSB now owns 197 shares of the medical technology company's stock worth $27,000 after buying an additional 100 shares in the last quarter. Headlands Technologies LLC purchased a new stake in Teleflex during the 4th quarter worth approximately $29,000. Whipplewood Advisors LLC increased its stake in Teleflex by 7,700.0% during the 1st quarter. Whipplewood Advisors LLC now owns 234 shares of the medical technology company's stock worth $32,000 after buying an additional 231 shares in the last quarter. True Wealth Design LLC increased its stake in Teleflex by 62.3% during the 4th quarter. True Wealth Design LLC now owns 271 shares of the medical technology company's stock worth $48,000 after buying an additional 104 shares in the last quarter. Finally, UMB Bank n.a. increased its stake in Teleflex by 3,763.6% during the 1st quarter. UMB Bank n.a. now owns 425 shares of the medical technology company's stock worth $59,000 after buying an additional 414 shares in the last quarter. Institutional investors and hedge funds own 95.62% of the company's stock.

Teleflex Trading Down 2.9%

Shares of Teleflex stock opened at $116.46 on Friday. The firm has a market capitalization of $5.15 billion, a price-to-earnings ratio of 36.74, a PEG ratio of 1.82 and a beta of 1.08. Teleflex Incorporated has a fifty-two week low of $115.94 and a fifty-two week high of $249.91. The company has a debt-to-equity ratio of 0.44, a quick ratio of 1.32 and a current ratio of 2.28. The stock has a 50 day moving average of $121.71 and a 200 day moving average of $143.52.

Teleflex (NYSE:TFX - Get Free Report) last issued its quarterly earnings data on Thursday, May 1st. The medical technology company reported $2.91 earnings per share for the quarter, topping the consensus estimate of $2.88 by $0.03. The company had revenue of $700.67 million during the quarter, compared to analyst estimates of $699.37 million. Teleflex had a return on equity of 14.73% and a net margin of 4.96%. The firm's revenue for the quarter was down 5.0% compared to the same quarter last year. During the same period in the prior year, the business posted $3.21 earnings per share. As a group, research analysts predict that Teleflex Incorporated will post 13.98 earnings per share for the current year.

Teleflex Announces Dividend

The firm also recently declared a quarterly dividend, which was paid on Monday, June 16th. Shareholders of record on Tuesday, May 20th were paid a $0.34 dividend. This represents a $1.36 dividend on an annualized basis and a yield of 1.17%. The ex-dividend date of this dividend was Tuesday, May 20th. Teleflex's dividend payout ratio is presently 42.90%.

Analyst Upgrades and Downgrades

Several equities research analysts have commented on TFX shares. Royal Bank Of Canada cut their price objective on Teleflex from $150.00 to $145.00 and set a "sector perform" rating for the company in a research note on Friday, May 2nd. Mizuho set a $155.00 price target on Teleflex in a research report on Wednesday, April 16th. Morgan Stanley dropped their price target on Teleflex from $191.00 to $173.00 and set an "overweight" rating for the company in a research report on Monday, May 5th. Wall Street Zen lowered Teleflex from a "buy" rating to a "hold" rating in a research report on Sunday, June 29th. Finally, Wells Fargo & Company dropped their price target on Teleflex from $146.00 to $137.00 and set an "equal weight" rating for the company in a research report on Friday, May 2nd. One research analyst has rated the stock with a sell rating, nine have given a hold rating and two have given a buy rating to the company. According to MarketBeat.com, the company has an average rating of "Hold" and an average target price of $164.63.

About Teleflex

Teleflex Incorporated designs, develops, manufactures, and supplies single-use medical devices for common diagnostic and therapeutic procedures in critical care and surgical applications worldwide. The company provides vascular access products that comprise Arrow branded catheters, catheter navigation and tip positioning systems, and intraosseous access systems for the administration of intravenous therapies, the measurement of blood pressure, and the withdrawal of blood samples through a single puncture site.

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