Oregon Public Employees Retirement Fund Increases Stock Holdings in Teleflex Incorporated (NYSE:TFX)

Oregon Public Employees Retirement Fund increased its holdings in shares of Teleflex Incorporated (NYSE:TFX - Free Report) by 168.5% in the 1st quarter, according to its most recent filing with the SEC. The fund owned 10,600 shares of the medical technology company's stock after purchasing an additional 6,652 shares during the period. Oregon Public Employees Retirement Fund's holdings in Teleflex were worth $1,465,000 at the end of the most recent reporting period.

Several other large investors have also made changes to their positions in the business. Teacher Retirement System of Texas bought a new position in Teleflex during the first quarter worth about $1,242,000. Unified Investment Management bought a new position in shares of Teleflex during the 1st quarter worth approximately $477,000. New York State Teachers Retirement System boosted its stake 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 in the last quarter. Amalgamated Bank grew its position in Teleflex by 56.9% in the first quarter. Amalgamated Bank now owns 14,046 shares of the medical technology company's stock valued at $1,941,000 after acquiring an additional 5,095 shares during the period. Finally, RBA Wealth Management LLC acquired a new position in Teleflex during the first quarter worth $2,956,000. Institutional investors and hedge funds own 95.62% of the company's stock.

Analysts Set New Price Targets

A number of research firms recently commented on TFX. Morgan Stanley decreased their price target 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 reduced their price objective on Teleflex from $146.00 to $137.00 and set an "equal weight" rating on the stock in a research note on Friday, May 2nd. Royal Bank Of Canada cut their price target on Teleflex from $150.00 to $145.00 and set a "sector perform" rating for the company in a report on Friday, May 2nd. Needham & Company LLC reiterated a "hold" rating on shares of Teleflex in a research report on Wednesday, March 12th. Finally, Truist Financial dropped their target price on shares of Teleflex from $140.00 to $137.00 and set a "hold" rating for the company in a research note on Monday, May 5th. One equities research analyst has rated the stock with a sell rating, nine have issued a hold rating and two have issued a buy rating to the company's stock. Based on data from MarketBeat.com, the stock currently has a consensus rating of "Hold" and an average target price of $164.63.

Teleflex Stock Down 1.4%

TFX traded down $1.69 during mid-day trading on Friday, reaching $119.90. 360,058 shares of the stock were exchanged, compared to its average volume of 630,875. Teleflex Incorporated has a 1 year low of $115.94 and a 1 year high of $249.91. The company has a debt-to-equity ratio of 0.44, a quick ratio of 1.32 and a current ratio of 2.28. The stock has a market capitalization of $5.30 billion, a PE ratio of 37.82, a price-to-earnings-growth ratio of 1.88 and a beta of 1.08. The company has a 50 day moving average price of $123.14 and a two-hundred day moving average price of $145.75.

Teleflex (NYSE:TFX - Get Free Report) last announced its quarterly earnings data on Thursday, May 1st. The medical technology company reported $2.91 EPS for the quarter, topping the consensus estimate of $2.88 by $0.03. Teleflex had a net margin of 4.96% and a return on equity of 14.73%. The business had revenue of $700.67 million for the quarter, compared to analyst estimates of $699.37 million. During the same quarter in the previous year, the firm posted $3.21 earnings per share. The company's revenue for the quarter was down 5.0% on a year-over-year basis. As a group, 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. 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 1.13%. The ex-dividend date was Tuesday, May 20th. Teleflex's dividend payout ratio (DPR) is currently 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.