Bank of America Corp DE Buys 27,004 Shares of Teleflex Incorporated $TFX

Key Points

• Bank of America increased its Teleflex stake by 6.4% in the first quarter, adding 27,004 shares to own 445,958 shares valued at approximately $53.3 million. Institutional investors collectively hold 95.62% of the company.
• Analysts maintain a consensus “Hold” rating on Teleflex, with an average price target of $151.80; recent targets range from $138 to $158.
• Teleflex exceeded quarterly earnings expectations, reporting $1.76 in EPS versus the $1.28 consensus and revenue of $570.33 million. The company also declared a quarterly dividend of $0.34 per share, representing a 1.0% annualized yield.

Bank of America Corp DE increased its stake in shares of Teleflex Incorporated (NYSE:TFX - Free Report) by 6.4% during the first quarter, according to its most recent filing with the SEC. The institutional investor owned 445,958 shares of the medical technology company's stock after purchasing an additional 27,004 shares during the period. Bank of America Corp DE owned 1.01% of Teleflex worth $53,341,000 as of its most recent SEC filing.

Several other large investors have also added to or reduced their stakes in the stock. Janus Henderson Group PLC boosted its position in shares of Teleflex by 1.1% in the first quarter. Janus Henderson Group PLC now owns 4,291,311 shares of the medical technology company's stock valued at $513,281,000 after acquiring an additional 45,199 shares during the period. Irenic Capital Management LP purchased a new position in Teleflex during the first quarter valued at approximately $104,061,000. Amundi increased its holdings in Teleflex by 325.2% during the 1st quarter. Amundi now owns 38,606 shares of the medical technology company's stock worth $4,618,000 after acquiring an additional 29,527 shares during the period. California State Teachers Retirement System increased its holdings in Teleflex by 23.2% during the 1st quarter. California State Teachers Retirement System now owns 51,472 shares of the medical technology company's stock worth $6,157,000 after acquiring an additional 9,709 shares during the period. Finally, Royal Bank of Canada lifted its stake in Teleflex by 16.1% in the 1st quarter. Royal Bank of Canada now owns 11,916 shares of the medical technology company's stock worth $1,425,000 after purchasing an additional 1,656 shares in the last quarter. Institutional investors own 95.62% of the company's stock.

Wall Street Analysts Forecast Growth

TFX has been the subject of a number of recent analyst reports. Raymond James Financial restated an "outperform" rating and set a $150.00 price target on shares of Teleflex in a research report on Friday, May 8th. Truist Financial increased their price objective on Teleflex from $143.00 to $150.00 and gave the stock a "hold" rating in a research report on Monday. Wells Fargo & Company lifted their price objective on Teleflex from $130.00 to $138.00 and gave the company an "equal weight" rating in a research note on Friday, May 8th. UBS Group boosted their target price on Teleflex from $145.00 to $158.00 and gave the stock a "neutral" rating in a research report on Tuesday. Finally, Royal Bank Of Canada upgraded Teleflex from a "sector perform" rating to an "outperform" rating and upped their target price for the stock from $135.00 to $155.00 in a research note on Friday, May 8th. One analyst has rated the stock with a Strong Buy rating, four have issued a Buy rating, six have given a Hold rating and one has given a Sell rating to the company. According to data from MarketBeat, Teleflex currently has a consensus rating of "Hold" and an average target price of $151.80.

Teleflex Stock Performance

Teleflex stock opened at $133.66 on Wednesday. Teleflex Incorporated has a twelve month low of $100.18 and a twelve month high of $145.00. The company has a quick ratio of 2.12, a current ratio of 2.60 and a debt-to-equity ratio of 0.94. The firm has a fifty day simple moving average of $131.99 and a two-hundred day simple moving average of $123.12. The company has a market capitalization of $5.66 billion, a PE ratio of -5.74, a P/E/G ratio of 0.88 and a beta of 0.81.

Teleflex (NYSE:TFX - Get Free Report) last posted its quarterly earnings results on Thursday, August 6th. The medical technology company reported $1.76 earnings per share (EPS) for the quarter, topping the consensus estimate of $1.28 by $0.48. The business had revenue of $570.33 million for the quarter, compared to analyst estimates of $559.59 million. Teleflex had a positive return on equity of 11.93% and a negative net margin of 39.67%.Teleflex's revenue for the quarter was up 28.9% compared to the same quarter last year. During the same period last year, the company earned $3.73 EPS. Teleflex has set its FY 2026 guidance at 6.900-7.200 EPS. Research analysts expect that Teleflex Incorporated will post 7.31 EPS for the current year.

Teleflex Dividend Announcement

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