Teleflex Incorporated (NYSE:TFX) Shares Sold by Marathon Asset Management Ltd

Marathon Asset Management Ltd cut its holdings in shares of Teleflex Incorporated (NYSE:TFX - Free Report) by 8.5% during the first quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm owned 85,552 shares of the medical technology company's stock after selling 7,982 shares during the period. Marathon Asset Management Ltd owned about 0.18% of Teleflex worth $11,822,000 as of its most recent SEC filing.

Several other hedge funds have also made changes to their positions in the business. MassMutual Private Wealth & Trust FSB grew its holdings in 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 acquiring an additional 100 shares in the last quarter. Headlands Technologies LLC acquired a new position in shares of Teleflex during the fourth quarter worth $29,000. Whipplewood Advisors LLC increased its holdings in Teleflex by 7,700.0% in the first quarter. Whipplewood Advisors LLC now owns 234 shares of the medical technology company's stock valued at $32,000 after buying an additional 231 shares during the last quarter. True Wealth Design LLC raised its stake in Teleflex by 62.3% in the fourth quarter. True Wealth Design LLC now owns 271 shares of the medical technology company's stock valued at $48,000 after buying an additional 104 shares in the last quarter. Finally, IFP Advisors Inc lifted its holdings in Teleflex by 238.5% during the 4th quarter. IFP Advisors Inc now owns 308 shares of the medical technology company's stock worth $55,000 after buying an additional 217 shares during the last quarter. Institutional investors and hedge funds own 95.62% of the company's stock.

Analyst Upgrades and Downgrades

Several analysts have recently weighed in on TFX shares. Royal Bank Of Canada reduced their price objective on shares of Teleflex from $150.00 to $145.00 and set a "sector perform" rating for the company in a research report on Friday, May 2nd. Wall Street Zen cut shares of Teleflex from a "buy" rating to a "hold" rating in a research report on Sunday. Wells Fargo & Company decreased their price objective on shares of Teleflex from $146.00 to $137.00 and set an "equal weight" rating for the company in a research note on Friday, May 2nd. Truist Financial cut their target price on Teleflex from $140.00 to $137.00 and set a "hold" rating on the stock in a research report on Monday, May 5th. Finally, Morgan Stanley reduced their target price on Teleflex from $191.00 to $173.00 and set an "overweight" rating for the company in a 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 issued a buy rating to the company's stock. According to data from MarketBeat, the company has an average rating of "Hold" and an average target price of $164.63.

Teleflex Stock Up 2.7%

TFX stock traded up $3.14 during trading on Tuesday, reaching $121.50. The stock had a trading volume of 735,527 shares, compared to its average volume of 629,890. 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 firm has a fifty day moving average price of $124.19 and a 200 day moving average price of $146.90. The company has a market capitalization of $5.37 billion, a P/E ratio of 38.33, a PEG ratio of 1.87 and a beta of 1.10. Teleflex Incorporated has a 1-year low of $115.94 and a 1-year high of $249.91.

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

Teleflex Announces Dividend

The business also recently announced a quarterly dividend, which was paid on Monday, June 16th. Stockholders 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 dividend on an annualized basis and a dividend yield of 1.12%. Teleflex's dividend payout ratio (DPR) is presently 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.