Teleflex Incorporated (NYSE:TFX) Shares Bought by New York State Teachers Retirement System

New York State Teachers Retirement System increased its stake in shares of Teleflex Incorporated (NYSE:TFX - Free Report) by 13.9% in the 1st quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 45,063 shares of the medical technology company's stock after purchasing an additional 5,482 shares during the period. New York State Teachers Retirement System owned 0.10% of Teleflex worth $6,227,000 as of its most recent SEC filing.

Several other hedge funds also recently bought and sold shares of TFX. Norges Bank purchased a new stake in Teleflex during the 4th quarter worth about $100,328,000. Invesco Ltd. raised its position in shares of Teleflex by 48.1% in the fourth quarter. Invesco Ltd. now owns 1,068,593 shares of the medical technology company's stock valued at $190,188,000 after buying an additional 347,003 shares during the last quarter. Diamond Hill Capital Management Inc. purchased a new position in shares of Teleflex during the fourth quarter valued at approximately $46,696,000. T. Rowe Price Investment Management Inc. boosted its position in Teleflex by 4.4% during the fourth quarter. T. Rowe Price Investment Management Inc. now owns 6,173,121 shares of the medical technology company's stock worth $1,098,693,000 after acquiring an additional 261,279 shares during the last quarter. Finally, Magnetar Financial LLC grew its stake in Teleflex by 105.2% in the 4th quarter. Magnetar Financial LLC now owns 421,340 shares of the medical technology company's stock worth $74,990,000 after acquiring an additional 215,961 shares during the period. Hedge funds and other institutional investors own 95.62% of the company's stock.

Wall Street Analyst Weigh In

A number of research analysts have weighed in on TFX shares. Needham & Company LLC reissued a "hold" rating on shares of Teleflex in a research note on Wednesday, March 12th. Royal Bank Of Canada reduced 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. Mizuho set a $155.00 price objective on shares of Teleflex in a research note on Wednesday, April 16th. Wall Street Zen cut shares of Teleflex from a "buy" rating to a "hold" rating in a research report on Sunday, June 29th. Finally, Wells Fargo & Company dropped their price target on shares of Teleflex from $146.00 to $137.00 and set an "equal weight" rating for the company in a research report on Friday, May 2nd. One analyst has rated the stock with a sell rating, nine have assigned a hold rating and two have assigned a buy rating to the company. According to MarketBeat, Teleflex has an average rating of "Hold" and an average price target of $164.63.

Teleflex Trading Down 2.6%

Shares of TFX stock traded down $3.14 during mid-day trading on Monday, reaching $116.76. The company's stock had a trading volume of 457,986 shares, compared to its average volume of 631,678. Teleflex Incorporated has a 12-month low of $115.94 and a 12-month high of $249.91. The firm has a market capitalization of $5.16 billion, a PE ratio of 36.83, a price-to-earnings-growth ratio of 1.88 and a beta of 1.08. The company has a quick ratio of 1.32, a current ratio of 2.28 and a debt-to-equity ratio of 0.44. The company's 50 day simple moving average is $123.14 and its 200-day simple moving average is $145.36.

Teleflex (NYSE:TFX - Get Free Report) last issued its quarterly earnings data on Thursday, May 1st. The medical technology company reported $2.91 EPS for the quarter, topping analysts' consensus estimates of $2.88 by $0.03. Teleflex had a return on equity of 14.73% and a net margin of 4.96%. The company had revenue of $700.67 million for the quarter, compared to analysts' expectations of $699.37 million. During the same quarter in the previous year, the firm posted $3.21 earnings per share. The firm's quarterly revenue was down 5.0% on a year-over-year basis. On average, research analysts predict that Teleflex Incorporated will post 13.98 EPS for the current fiscal year.

Teleflex Announces Dividend

The company 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. The ex-dividend date of this dividend was Tuesday, May 20th. This represents a $1.36 dividend on an annualized basis and a dividend yield of 1.16%. Teleflex's payout ratio is currently 42.90%.

About Teleflex

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.