Teleflex Incorporated (NYSE:TFX) Shares Bought by State of Alaska Department of Revenue

State of Alaska Department of Revenue lifted its stake in Teleflex Incorporated (NYSE:TFX - Free Report) by 386.0% in the first quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The firm owned 25,734 shares of the medical technology company's stock after acquiring an additional 20,439 shares during the period. State of Alaska Department of Revenue owned 0.06% of Teleflex worth $3,556,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other institutional investors also recently made changes to their positions in TFX. MassMutual Private Wealth & Trust FSB lifted its stake in Teleflex by 103.1% during the first quarter. MassMutual Private Wealth & Trust FSB now owns 197 shares of the medical technology company's stock valued at $27,000 after purchasing an additional 100 shares during the last quarter. Headlands Technologies LLC acquired a new stake in Teleflex during the fourth quarter valued at approximately $29,000. Whipplewood Advisors LLC lifted its stake in Teleflex by 7,700.0% during the first quarter. Whipplewood Advisors LLC now owns 234 shares of the medical technology company's stock valued at $32,000 after purchasing an additional 231 shares during the last quarter. True Wealth Design LLC lifted its stake in Teleflex by 62.3% during the fourth quarter. True Wealth Design LLC now owns 271 shares of the medical technology company's stock valued at $48,000 after purchasing an additional 104 shares during the last quarter. Finally, IFP Advisors Inc lifted its stake in Teleflex by 238.5% during the fourth quarter. IFP Advisors Inc now owns 308 shares of the medical technology company's stock valued at $55,000 after purchasing an additional 217 shares during the last quarter. 95.62% of the stock is owned by institutional investors and hedge funds.

Analyst Ratings Changes

Several analysts recently commented on TFX shares. Raymond James Financial lowered shares of Teleflex from an "outperform" rating to a "market perform" rating in a research note on Friday, February 28th. Royal Bank Of Canada cut their target price on shares of Teleflex from $150.00 to $145.00 and set a "sector perform" rating for the company in a research note on Friday, May 2nd. Bank of America lowered shares of Teleflex from a "neutral" rating to an "underperform" rating and cut their target price for the company from $235.00 to $140.00 in a research note on Tuesday, March 4th. Wall Street Zen raised shares of Teleflex from a "hold" rating to a "buy" rating in a research note on Saturday. Finally, Wells Fargo & Company cut their price target on shares of Teleflex from $146.00 to $137.00 and set an "equal weight" rating on the stock in a report on Friday, May 2nd. One analyst has rated the stock with a sell rating, eight have issued a hold rating and three have issued a buy rating to the company's stock. According to data from MarketBeat, the stock has an average rating of "Hold" and a consensus target price of $164.63.

Teleflex Stock Up 0.3%

TFX stock opened at $118.03 on Friday. Teleflex Incorporated has a 52-week low of $116.60 and a 52-week high of $249.91. The company's 50 day simple moving average is $125.44 and its 200-day simple moving average is $150.14. The company has a debt-to-equity ratio of 0.44, a current ratio of 2.28 and a quick ratio of 1.32. The firm has a market capitalization of $5.22 billion, a P/E ratio of 37.23, a P/E/G ratio of 1.84 and a beta of 1.10.

Teleflex (NYSE:TFX - Get Free Report) last released its quarterly earnings data on Thursday, May 1st. The medical technology company reported $2.91 earnings per share for the quarter, beating the consensus estimate of $2.88 by $0.03. The firm had revenue of $700.67 million for the quarter, compared to analyst estimates of $699.37 million. Teleflex had a net margin of 4.96% and a return on equity of 14.73%. The company's revenue for the quarter was down 5.0% compared to the same quarter last year. During the same quarter in the prior year, the business earned $3.21 EPS. As a group, equities research analysts anticipate that Teleflex Incorporated will post 13.98 EPS for the current year.

Teleflex Dividend Announcement

The business also recently disclosed a quarterly dividend, which was paid on Monday, June 16th. Shareholders of record on Tuesday, May 20th were paid a $0.34 dividend. The ex-dividend date was Tuesday, May 20th. This represents a $1.36 annualized dividend and a yield of 1.15%. Teleflex's dividend payout ratio is presently 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.

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