Teachers Retirement System of The State of Kentucky Grows Holdings in Teleflex Incorporated (NYSE:TFX)

Teachers Retirement System of The State of Kentucky increased its stake in Teleflex Incorporated (NYSE:TFX - Free Report) by 437.8% during the 1st quarter, according to its most recent filing with the Securities & Exchange Commission. The fund owned 18,883 shares of the medical technology company's stock after buying an additional 15,372 shares during the period. Teachers Retirement System of The State of Kentucky's holdings in Teleflex were worth $2,609,000 as of its most recent filing with the Securities & Exchange Commission.

Several other hedge funds have also added to or reduced their stakes in TFX. South Dakota Investment Council raised its holdings in Teleflex by 11.9% in the 1st quarter. South Dakota Investment Council now owns 10,330 shares of the medical technology company's stock worth $1,428,000 after acquiring an additional 1,100 shares during the last quarter. Calton & Associates Inc. bought a new stake in shares of Teleflex in the 1st quarter worth $132,000. Verdence Capital Advisors LLC increased its holdings in shares of Teleflex by 58.6% in the 1st quarter. Verdence Capital Advisors LLC now owns 3,061 shares of the medical technology company's stock worth $423,000 after purchasing an additional 1,131 shares in the last quarter. Signaturefd LLC raised its stake in shares of Teleflex by 38.3% in the first quarter. Signaturefd LLC now owns 433 shares of the medical technology company's stock worth $60,000 after purchasing an additional 120 shares during the last quarter. Finally, Aurora Investment Counsel lifted its holdings in shares of Teleflex by 4.4% during the first quarter. Aurora Investment Counsel now owns 14,625 shares of the medical technology company's stock valued at $2,021,000 after purchasing an additional 612 shares in the last quarter. 95.62% of the stock is owned by institutional investors.

Wall Street Analyst Weigh In

TFX has been the topic of several recent analyst reports. Wells Fargo & Company decreased their price objective on shares of Teleflex from $146.00 to $137.00 and set an "equal weight" rating on the stock in a research report on Friday, May 2nd. Mizuho cut their price objective on Teleflex from $150.00 to $130.00 and set a "neutral" rating for the company in a research report on Wednesday, July 16th. Truist Financial lowered their target price on Teleflex from $140.00 to $137.00 and set a "hold" rating for the company in a research report on Monday, May 5th. Wall Street Zen lowered shares of Teleflex from a "buy" rating to a "hold" rating in a research report on Sunday, June 29th. Finally, Morgan Stanley decreased their target price on shares of Teleflex from $191.00 to $173.00 and set an "overweight" rating on the stock in a research report on Monday, May 5th. One research analyst has rated the stock with a sell rating, nine have assigned a hold rating and two have given a buy rating to the company's stock. Based on data from MarketBeat, the stock currently has an average rating of "Hold" and an average price target of $159.63.

Teleflex Trading Up 4.7%

NYSE TFX opened at $114.96 on Wednesday. Teleflex Incorporated has a 12-month low of $108.90 and a 12-month high of $249.91. The company has a fifty day simple moving average of $120.71 and a two-hundred day simple moving average of $140.99. The company has a current ratio of 2.28, a quick ratio of 1.32 and a debt-to-equity ratio of 0.44. The stock has a market cap of $5.08 billion, a P/E ratio of 36.26, a P/E/G ratio of 1.72 and a beta of 1.08.

Teleflex (NYSE:TFX - Get Free Report) last posted its earnings results on Thursday, May 1st. The medical technology company reported $2.91 earnings per share (EPS) for the quarter, beating the consensus estimate of $2.88 by $0.03. The firm had revenue of $700.67 million during the quarter, compared to analysts' expectations of $699.37 million. Teleflex had a net margin of 4.96% and a return on equity of 14.73%. The business's revenue was down 5.0% compared to the same quarter last year. During the same period in the previous year, the business posted $3.21 EPS. On average, analysts forecast 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. Stockholders of record on Tuesday, May 20th were paid a $0.34 dividend. This represents a $1.36 annualized dividend and a dividend yield of 1.18%. The ex-dividend date of this dividend was Tuesday, May 20th. Teleflex's dividend payout ratio is currently 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.

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