Cwm LLC Has $1.41 Million Stake in Teleflex Incorporated $TFX

Key Points

• Cwm LLC significantly increased its stake in Teleflex Incorporated by 160.8% during the second quarter, bringing its total holdings to 11,904 shares valued at approximately $1.41 million.
• Recent analyst ratings for Teleflex have been mixed, with one analyst maintaining a buy rating, nine assigning a hold rating, and two recommending a sell, reflecting uncertainties in market outlook.
• Teleflex announced a quarterly dividend of $0.34 per share, with a yield of 1.0%, and a reported revenue of $780.90 million, surpassing analysts' expectations.

Cwm LLC increased its stake in shares of Teleflex Incorporated (NYSE:TFX - Free Report) by 160.8% during the second quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 11,904 shares of the medical technology company's stock after buying an additional 7,340 shares during the quarter. Cwm LLC's holdings in Teleflex were worth $1,409,000 at the end of the most recent reporting period.

Several other hedge funds and other institutional investors have also recently added to or reduced their stakes in TFX. Teacher Retirement System of Texas acquired a new position in Teleflex in the first quarter valued at about $1,242,000. Amalgamated Bank grew its stake in Teleflex by 56.9% during the first quarter. Amalgamated Bank now owns 14,046 shares of the medical technology company's stock worth $1,941,000 after buying an additional 5,095 shares in the last quarter. New York State Teachers Retirement System increased its holdings in Teleflex by 13.9% in the 1st quarter. New York State Teachers Retirement System now owns 45,063 shares of the medical technology company's stock valued at $6,227,000 after buying an additional 5,482 shares during the period. NorthCrest Asset Manangement LLC acquired a new position in shares of Teleflex in the 2nd quarter valued at approximately $299,000. Finally, Brown Advisory Inc. lifted its holdings in shares of Teleflex by 34.2% during the 1st quarter. Brown Advisory Inc. now owns 2,524 shares of the medical technology company's stock worth $349,000 after acquiring an additional 643 shares during the period. 95.62% of the stock is owned by institutional investors and hedge funds.

Wall Street Analysts Forecast Growth

TFX has been the topic of several analyst reports. Zacks Research lowered shares of Teleflex from a "strong-buy" rating to a "hold" rating in a research report on Tuesday, September 30th. Wells Fargo & Company decreased their price target on Teleflex from $137.00 to $131.00 and set an "equal weight" rating on the stock in a research note on Friday, August 1st. Weiss Ratings restated a "sell (d+)" rating on shares of Teleflex in a research report on Wednesday, October 8th. Wall Street Zen cut Teleflex from a "strong-buy" rating to a "buy" rating in a research report on Monday, September 15th. Finally, Royal Bank Of Canada boosted their target price on Teleflex from $130.00 to $135.00 and gave the stock a "sector perform" rating in a research note on Friday, August 1st. One equities research analyst has rated the stock with a Buy rating, nine have assigned a Hold rating and two have assigned a Sell rating to the company. According to data from MarketBeat.com, the stock presently has an average rating of "Reduce" and an average price target of $141.57.

Teleflex Trading Up 1.8%

NYSE TFX opened at $130.42 on Tuesday. The company has a market cap of $5.76 billion, a price-to-earnings ratio of 30.69, a price-to-earnings-growth ratio of 1.79 and a beta of 1.05. Teleflex Incorporated has a twelve month low of $108.90 and a twelve month high of $239.82. The company has a quick ratio of 1.44, a current ratio of 2.41 and a debt-to-equity ratio of 0.42. The business's fifty day moving average is $125.38 and its 200 day moving average is $123.51.

Teleflex (NYSE:TFX - Get Free Report) last issued its earnings results on Thursday, July 31st. The medical technology company reported $3.73 earnings per share (EPS) for the quarter, topping analysts' consensus estimates of $3.36 by $0.37. Teleflex had a return on equity of 15.08% and a net margin of 6.31%.The business had revenue of $780.90 million during the quarter, compared to analysts' expectations of $771.53 million. During the same quarter in the prior year, the firm earned $3.42 EPS. The business's revenue for the quarter was up 4.2% compared to the same quarter last year. Teleflex has set its FY 2025 guidance at 13.900-14.300 EPS. As a group, sell-side analysts expect that Teleflex Incorporated will post 13.98 EPS for the current fiscal year.

Teleflex Announces Dividend

The firm also recently announced a quarterly dividend, which was paid on Monday, September 15th. Investors of record on Friday, August 15th were given a dividend of $0.34 per share. The ex-dividend date was Friday, August 15th. This represents a $1.36 annualized dividend and a yield of 1.0%. Teleflex's dividend payout ratio (DPR) is currently 32.00%.

Insider Buying and Selling at Teleflex

In other Teleflex news, Director Stuart A. Randle purchased 1,000 shares of the company's stock in a transaction dated Tuesday, August 5th. The stock was purchased at an average price of $115.86 per share, with a total value of $115,860.00. Following the completion of the purchase, the director owned 7,547 shares of the company's stock, valued at approximately $874,395.42. The trade was a 15.27% increase in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is available at this link. Also, Director Jaewon Ryu purchased 1,500 shares of the business's stock in a transaction dated Tuesday, August 5th. The shares were acquired at an average price of $115.00 per share, for a total transaction of $172,500.00. Following the acquisition, the director owned 3,727 shares of the company's stock, valued at $428,605. This trade represents a 67.36% increase in their position. The disclosure for this purchase can be found here. Insiders acquired 5,500 shares of company stock worth $633,590 over the last quarter. Insiders own 1.40% of the company's stock.

Teleflex Company 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.

Want to see what other hedge funds are holding TFX? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for Teleflex Incorporated (NYSE:TFX - Free Report).

This instant news alert was generated by narrative science technology and financial data from MarketBeat in order to provide readers with the fastest and most accurate reporting. This story was reviewed by MarketBeat's editorial team prior to publication. Please send any questions or comments about this story to contact@marketbeat.com.