Teleflex Incorporated $TFX Holdings Lowered by Fjarde AP Fonden Fourth Swedish National Pension Fund

Key Points

• The Fjarde AP Fonden Fourth Swedish National Pension Fund reduced its stake in Teleflex Incorporated by 74.7%, now holding 2,944 shares valued at $407,000.
• Teleflex reported a quarterly earnings per share (EPS) of $3.73, exceeding expectations, alongside a 4.2% year-over-year revenue increase to $780.90 million.
• In recent insider transactions, Director Andrew A. Krakauer and Director Jaewon Ryu increased their holdings significantly, with Krakauer acquiring 1,000 shares and Ryu acquiring 1,500 shares at average prices around $115 per share.

Fjarde AP Fonden Fourth Swedish National Pension Fund cut its stake in shares of Teleflex Incorporated (NYSE:TFX - Free Report) by 74.7% during the 1st quarter, according to its most recent filing with the SEC. The institutional investor owned 2,944 shares of the medical technology company's stock after selling 8,700 shares during the period. Fjarde AP Fonden Fourth Swedish National Pension Fund's holdings in Teleflex were worth $407,000 at the end of the most recent reporting period.

Several other hedge funds and other institutional investors have also recently bought and sold shares of the stock. Boston Partners lifted its position in Teleflex by 21.1% during the 1st quarter. Boston Partners now owns 179,281 shares of the medical technology company's stock worth $24,772,000 after acquiring an additional 31,239 shares in the last quarter. HighTower Advisors LLC lifted its position in Teleflex by 2.7% during the 1st quarter. HighTower Advisors LLC now owns 5,102 shares of the medical technology company's stock worth $705,000 after acquiring an additional 133 shares in the last quarter. Public Sector Pension Investment Board lifted its position in Teleflex by 2,440.9% during the 1st quarter. Public Sector Pension Investment Board now owns 147,298 shares of the medical technology company's stock worth $20,355,000 after acquiring an additional 141,501 shares in the last quarter. Nuveen LLC acquired a new position in Teleflex during the 1st quarter worth approximately $15,914,000. Finally, Aigen Investment Management LP lifted its position in Teleflex by 198.5% during the 1st quarter. Aigen Investment Management LP now owns 4,632 shares of the medical technology company's stock worth $640,000 after acquiring an additional 3,080 shares in the last quarter. 95.62% of the stock is owned by institutional investors and hedge funds.

Teleflex Stock Performance

TFX stock traded up $4.7150 during trading on Friday, reaching $129.3250. 213,514 shares of the company's stock were exchanged, compared to its average volume of 789,962. The company has a quick ratio of 1.44, a current ratio of 2.41 and a debt-to-equity ratio of 0.42. Teleflex Incorporated has a 1-year low of $108.90 and a 1-year high of $249.90. The company's fifty day moving average price is $117.96 and its 200-day moving average price is $131.26. The firm has a market cap of $5.71 billion, a PE ratio of 30.47, a P/E/G ratio of 1.75 and a beta of 1.08.

Teleflex (NYSE:TFX - Get Free Report) last announced its quarterly earnings results on Thursday, July 31st. The medical technology company reported $3.73 earnings per share (EPS) for the quarter, topping analysts' consensus estimates of $3.36 by $0.37. Teleflex had a return on equity of 15.08% and a net margin of 6.31%.The company had revenue of $780.90 million during the quarter, compared to analyst estimates of $771.53 million. During the same quarter in the previous year, the firm posted $3.42 EPS. The firm's quarterly revenue was up 4.2% on a year-over-year basis. Teleflex has set its FY 2025 guidance at 13.900-14.300 EPS. On average, research analysts expect that Teleflex Incorporated will post 13.98 EPS for the current fiscal year.

Teleflex Announces Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Monday, September 15th. Stockholders of record on Friday, August 15th will be issued a $0.34 dividend. The ex-dividend date is Friday, August 15th. This represents a $1.36 annualized dividend and a dividend yield of 1.1%. Teleflex's dividend payout ratio is 32.00%.

Analyst Upgrades and Downgrades

TFX has been the topic of several recent research reports. Wall Street Zen raised Teleflex from a "hold" rating to a "strong-buy" rating in a research report on Saturday, August 2nd. Mizuho lifted their price objective on Teleflex from $130.00 to $135.00 and gave the stock a "neutral" rating in a report on Friday, August 1st. Royal Bank Of Canada lifted their price objective on Teleflex from $130.00 to $135.00 and gave the stock a "sector perform" rating in a report on Friday, August 1st. Morgan Stanley dropped their price objective on Teleflex from $191.00 to $173.00 and set an "overweight" rating on the stock in a report on Monday, May 5th. Finally, Truist Financial dropped their price objective on Teleflex from $140.00 to $137.00 and set a "hold" rating on the stock in a report on Monday, May 5th. One analyst has rated the stock with a Buy rating, eight have assigned a Hold rating and one has issued a Sell rating to the stock. According to MarketBeat, the stock presently has an average rating of "Hold" and a consensus price target of $141.57.

Insiders Place Their Bets

In other news, Director Andrew A. Krakauer acquired 1,000 shares of the business's stock in a transaction dated Tuesday, August 5th. The stock was acquired at an average price of $115.25 per share, for a total transaction of $115,250.00. Following the completion of the acquisition, the director directly owned 7,192 shares in the company, valued at $828,878. This represents a 16.15% increase in their position. The acquisition was disclosed in a filing with the SEC, which is available through this link. Also, Director Stuart A. Randle acquired 1,000 shares of the business's stock in a transaction dated Tuesday, August 5th. The stock was purchased at an average price of $115.86 per share, with a total value of $115,860.00. Following the acquisition, the director owned 7,547 shares of the company's stock, valued at approximately $874,395.42. This trade represents a 15.27% increase in their ownership of the stock. The disclosure for this purchase can be found here. Over the last 90 days, insiders have acquired 5,500 shares of company stock valued at $633,590. 1.40% of the stock is currently owned by insiders.

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.