Clark Estates Inc. NY Buys Shares of 15,000 Teleflex Incorporated (NYSE:TFX)

Clark Estates Inc. NY purchased a new stake in shares of Teleflex Incorporated (NYSE:TFX - Free Report) in the 1st quarter, according to its most recent filing with the Securities & Exchange Commission. The firm purchased 15,000 shares of the medical technology company's stock, valued at approximately $2,073,000.

Several other institutional investors also recently bought and sold shares of the stock. Headlands Technologies LLC purchased a new stake in shares of Teleflex in the fourth quarter valued at approximately $29,000. Banque Cantonale Vaudoise purchased a new stake in shares of Teleflex in the first quarter valued at approximately $27,000. MassMutual Private Wealth & Trust FSB increased its position in shares of Teleflex by 103.1% in the first quarter. MassMutual Private Wealth & Trust FSB now owns 197 shares of the medical technology company's stock valued at $27,000 after buying an additional 100 shares in the last quarter. Whipplewood Advisors LLC increased its position in shares of Teleflex by 7,700.0% in the first quarter. Whipplewood Advisors LLC now owns 234 shares of the medical technology company's stock valued at $32,000 after buying an additional 231 shares in the last quarter. Finally, Allworth Financial LP increased its position in shares of Teleflex by 504.8% in the first quarter. Allworth Financial LP now owns 254 shares of the medical technology company's stock valued at $34,000 after buying an additional 212 shares in the last quarter. 95.62% of the stock is currently owned by hedge funds and other institutional investors.

Wall Street Analysts Forecast Growth

A number of analysts have recently commented on TFX shares. Morgan Stanley cut their price objective on Teleflex from $191.00 to $173.00 and set an "overweight" rating for the company in a research report on Monday, May 5th. Wells Fargo & Company cut their price objective on Teleflex from $137.00 to $131.00 and set an "equal weight" rating for the company in a research report on Friday. Mizuho boosted their price objective on Teleflex from $130.00 to $135.00 and gave the company a "neutral" rating in a research report on Friday. Truist Financial lowered their price target on Teleflex from $140.00 to $137.00 and set a "hold" rating on the stock in a research note on Monday, May 5th. Finally, Wall Street Zen lowered Teleflex from a "buy" rating to a "hold" rating in a research note on Sunday, June 29th. One equities research analyst has rated the stock with a sell rating, nine have assigned a hold rating and two have issued a buy rating to the company's stock. According to MarketBeat.com, the stock currently has an average rating of "Hold" and a consensus target price of $160.13.

Teleflex Trading Down 3.0%

NYSE TFX traded down $3.63 on Friday, reaching $115.87. 642,835 shares of the company were exchanged, compared to its average volume of 814,071. The business's fifty day moving average price is $118.83 and its 200 day moving average price is $137.60. The stock has a market capitalization of $5.12 billion, a P/E ratio of 36.55, a price-to-earnings-growth ratio of 1.78 and a beta of 1.08. The company has a current ratio of 2.28, a quick ratio of 1.32 and a debt-to-equity ratio of 0.44. Teleflex Incorporated has a fifty-two week low of $108.90 and a fifty-two week high of $249.90.

Teleflex (NYSE:TFX - Get Free Report) last released its quarterly earnings data on Thursday, July 31st. The medical technology company reported $3.73 earnings per share for the quarter, topping analysts' consensus estimates of $3.36 by $0.37. The company had revenue of $780.90 million for the quarter, compared to analyst estimates of $771.53 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 up 4.2% compared to the same quarter last year. During the same quarter in the previous year, the company posted $3.42 earnings per share. Analysts forecast that Teleflex Incorporated will post 13.98 earnings per share for the current year.

Teleflex Announces Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Monday, September 15th. Shareholders of record on Friday, August 15th will be paid a dividend of $0.34 per share. The ex-dividend date of this dividend is Friday, August 15th. This represents a $1.36 dividend on an annualized basis and a yield of 1.2%. Teleflex's payout ratio is 42.90%.

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. 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.