VIRGINIA RETIREMENT SYSTEMS ET Al Acquires New Shares in Teleflex Incorporated $TFX

Key Points

• Virginia Retirement Systems acquired 8,400 Teleflex shares valued at approximately $1.1 million in the second quarter. Institutional investors and hedge funds collectively own 95.62% of the company.
• Teleflex reported quarterly earnings of $1.76 per share, beating estimates of $1.28, while revenue rose 28.9% year over year to $570.33 million. The company issued fiscal 2026 EPS guidance of $6.90 to $7.20.
• Analysts maintain a consensus “Hold” rating with an average price target of $152.90, compared with the stock’s recent price of $130.85; the company also declared a quarterly dividend of $0.34 per share.

VIRGINIA RETIREMENT SYSTEMS ET Al acquired a new position in Teleflex Incorporated (NYSE:TFX - Free Report) in the second quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor acquired 8,400 shares of the medical technology company's stock, valued at approximately $1,065,000.

Other hedge funds have also recently bought and sold shares of the company. California State Teachers Retirement System raised its stake in shares of Teleflex by 12,426.5% in the 2nd quarter. California State Teachers Retirement System now owns 6,447,647 shares of the medical technology company's stock valued at $817,304,000 after acquiring an additional 6,396,175 shares in the last quarter. BlackRock Inc. bought a new stake in Teleflex during the second quarter worth approximately $688,537,000. Jupiter Topco LLC bought a new stake in Teleflex during the second quarter worth approximately $550,456,000. AQR Capital Management LLC raised its position in shares of Teleflex by 478.1% in the third quarter. AQR Capital Management LLC now owns 2,366,131 shares of the medical technology company's stock valued at $287,603,000 after purchasing an additional 1,956,811 shares during the period. Finally, Irenic Capital Management LP bought a new position in shares of Teleflex in the first quarter valued at approximately $104,061,000. 95.62% of the stock is owned by institutional investors and hedge funds.

Teleflex Price Performance

NYSE:TFX opened at $130.85 on Monday. The firm has a market cap of $5.54 billion, a PE ratio of -5.62, a price-to-earnings-growth ratio of 0.87 and a beta of 0.82. Teleflex Incorporated has a 12 month low of $100.18 and a 12 month high of $145.00. The company has a quick ratio of 2.12, a current ratio of 2.60 and a debt-to-equity ratio of 0.94. The company's 50-day moving average price is $135.72 and its two-hundred day moving average price is $128.10.

Teleflex (NYSE:TFX - Get Free Report) last issued its quarterly earnings data on Thursday, August 6th. The medical technology company reported $1.76 earnings per share for the quarter, topping the consensus estimate of $1.28 by $0.48. Teleflex had a negative net margin of 39.67% and a positive return on equity of 11.93%. The firm had revenue of $570.33 million for the quarter, compared to analysts' expectations of $559.59 million. During the same period in the prior year, the firm earned $3.73 earnings per share. The company's quarterly revenue was up 28.9% compared to the same quarter last year. Teleflex has set its FY 2026 guidance at 6.900-7.200 EPS. On average, equities analysts anticipate that Teleflex Incorporated will post 7.26 EPS for the current fiscal year.

Teleflex Dividend Announcement

The firm also recently declared a quarterly dividend, which will be paid on Wednesday, September 30th. Investors of record on Friday, August 14th will be issued a $0.34 dividend. This represents a $1.36 dividend on an annualized basis and a dividend yield of 1.0%. The ex-dividend date of this dividend is Friday, August 14th. Teleflex's payout ratio is currently -5.84%.

Wall Street Analysts Forecast Growth

TFX has been the subject of several recent analyst reports. Needham & Company LLC upped their price objective on shares of Teleflex from $159.00 to $170.00 and gave the stock a "buy" rating in a report on Tuesday, August 25th. BMO Capital Markets began coverage on shares of Teleflex in a report on Wednesday, July 8th. They issued an "outperform" rating and a $159.00 target price on the stock. UBS Group boosted their target price on shares of Teleflex from $145.00 to $158.00 and gave the stock a "neutral" rating in a research report on Tuesday, August 11th. Weiss Ratings restated a "sell (d)" rating on shares of Teleflex in a report on Wednesday, June 24th. Finally, Wall Street Zen raised Teleflex from a "sell" rating to a "hold" rating in a research report on Sunday, August 9th. One investment analyst has rated the stock with a Strong Buy rating, four have given a Buy rating, six have given a Hold rating and one has issued a Sell rating to the company's stock. Based on data from MarketBeat, the company currently has a consensus rating of "Hold" and an average price target of $152.90.

About Teleflex

Teleflex Incorporated is a global medical technology company that develops, manufactures and supplies specialty medical devices for hospitals, clinicians and other health care providers. Its products are designed to support procedures in areas including vascular access, interventional cardiology and radiology, anesthesia, emergency medicine, surgery and urology.

The company's portfolio includes Arrow branded vascular access and catheter products, airway management devices, regional anesthesia products, surgical instruments, interventional devices and urological products.

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