Louisiana State Employees Retirement System Acquires 19,400 Shares of Teleflex Incorporated (NYSE:TFX)

Louisiana State Employees Retirement System grew its holdings in shares of Teleflex Incorporated (NYSE:TFX - Free Report) by 776.0% during the first quarter, according to its most recent 13F filing with the SEC. The institutional investor owned 21,900 shares of the medical technology company's stock after buying an additional 19,400 shares during the period. Louisiana State Employees Retirement System's holdings in Teleflex were worth $3,026,000 as of its most recent filing with the SEC.

A number of other institutional investors and hedge funds have also recently modified their holdings of TFX. MassMutual Private Wealth & Trust FSB boosted its holdings in shares of 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 bought a new position in shares of Teleflex during the 4th quarter worth approximately $29,000. Whipplewood Advisors LLC boosted its holdings in shares of 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. Allworth Financial LP boosted its holdings in shares of Teleflex by 504.8% during the 1st quarter. Allworth Financial LP now owns 254 shares of the medical technology company's stock worth $34,000 after buying an additional 212 shares in the last quarter. Finally, True Wealth Design LLC boosted its holdings in shares of 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. 95.62% of the stock is currently owned by institutional investors.

Wall Street Analyst Weigh In

A number of research firms have issued reports on TFX. Truist Financial cut their price target on Teleflex from $140.00 to $137.00 and set a "hold" rating on the stock in a report on Monday, May 5th. Royal Bank Of Canada lowered their target price on Teleflex from $150.00 to $145.00 and set a "sector perform" rating on the stock in a research report on Friday, May 2nd. Morgan Stanley lowered their target price on Teleflex from $191.00 to $173.00 and set an "overweight" rating on the stock in a research report on Monday, May 5th. Wells Fargo & Company lowered their target price on Teleflex from $146.00 to $137.00 and set an "equal weight" rating on the stock in a research report on Friday, May 2nd. Finally, Mizuho set a $155.00 target price on Teleflex in a research report on Wednesday, April 16th. One analyst has rated the stock with a sell rating, nine have given a hold rating and two have given a buy rating to the stock. Based on data from MarketBeat.com, Teleflex presently has an average rating of "Hold" and an average target price of $164.63.

Teleflex Trading Down 2.9%

NYSE TFX opened at $116.46 on Monday. The firm has a market capitalization of $5.15 billion, a P/E ratio of 36.74, a PEG ratio of 1.82 and a beta of 1.08. The business has a fifty day simple moving average of $121.71 and a 200 day simple moving average of $143.26. Teleflex Incorporated has a 12 month low of $115.94 and a 12 month high of $249.91. 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 (NYSE:TFX - Get Free Report) last released its quarterly earnings results on Thursday, May 1st. The medical technology company reported $2.91 EPS for the quarter, beating analysts' consensus estimates of $2.88 by $0.03. The business 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%. Teleflex's quarterly revenue was down 5.0% compared to the same quarter last year. During the same period in the prior year, the firm posted $3.21 EPS. On average, analysts predict 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, June 16th. Stockholders of record on Tuesday, May 20th were given a dividend of $0.34 per share. This represents a $1.36 annualized dividend and a dividend yield of 1.17%. The ex-dividend date of this dividend was Tuesday, May 20th. Teleflex's dividend payout ratio is presently 42.90%.

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.

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