Voya Investment Management LLC Sells 3,585 Shares of Teleflex Incorporated $TFX

Key Points

• Voya Investment Management LLC reduced its stake in Teleflex Incorporated by 27.0%, selling 3,585 shares, leaving them with a total of 9,700 shares valued at approximately $1,340,000.
• In the 1st quarter, other institutional investors have also increased their holdings in Teleflex, with MassMutual Private Wealth increasing their investment by 103.1%.
• Teleflex recently reported a quarterly earnings per share (EPS) of $3.73, exceeding analyst expectations, and set its FY 2025 guidance at an EPS of 13.900-14.300.

Voya Investment Management LLC lessened its holdings in Teleflex Incorporated (NYSE:TFX - Free Report) by 27.0% during the 1st quarter, according to its most recent filing with the Securities and Exchange Commission. The fund owned 9,700 shares of the medical technology company's stock after selling 3,585 shares during the quarter. Voya Investment Management LLC's holdings in Teleflex were worth $1,340,000 at the end of the most recent reporting period.

Other hedge funds also recently modified their holdings of the company. MassMutual Private Wealth & Trust FSB raised 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 buying an additional 100 shares during the period. Signaturefd LLC raised its holdings in Teleflex by 38.3% during the 1st quarter. Signaturefd LLC now owns 433 shares of the medical technology company's stock worth $60,000 after buying an additional 120 shares during the period. Empirical Finance LLC raised its holdings in Teleflex by 7.9% during the 1st quarter. Empirical Finance LLC now owns 1,690 shares of the medical technology company's stock worth $234,000 after buying an additional 124 shares during the period. Northwestern Mutual Wealth Management Co. raised its holdings in Teleflex by 30.2% during the 1st quarter. Northwestern Mutual Wealth Management Co. now owns 556 shares of the medical technology company's stock worth $77,000 after buying an additional 129 shares during the period. Finally, HighTower Advisors LLC raised its holdings 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 buying an additional 133 shares during the period. Institutional investors own 95.62% of the company's stock.

Wall Street Analysts Forecast Growth

A number of analysts have recently issued reports on TFX shares. Royal Bank Of Canada lifted their price objective on shares of Teleflex from $130.00 to $135.00 and gave the company a "sector perform" rating in a report on Friday, August 1st. Wells Fargo & Company lowered their price objective on shares of Teleflex from $137.00 to $131.00 and set an "equal weight" rating on the stock in a report on Friday, August 1st. Wall Street Zen downgraded shares of Teleflex from a "strong-buy" rating to a "buy" rating in a report on Monday, September 15th. Finally, Mizuho lifted their price objective on shares of Teleflex from $130.00 to $135.00 and gave the company a "neutral" rating in a report on Friday, August 1st. One analyst has rated the stock with a Buy rating, eight have issued a Hold rating and one has given a Sell rating to the company's stock. According to MarketBeat.com, the stock presently has an average rating of "Hold" and a consensus target price of $141.57.

Insider Activity

In other Teleflex news, Director Gretchen R. Haggerty purchased 500 shares of the business's stock in a transaction on Wednesday, August 6th. The shares were purchased at an average cost of $114.75 per share, for a total transaction of $57,375.00. Following the acquisition, the director owned 6,305 shares of the company's stock, valued at approximately $723,498.75. This represents a 8.61% increase in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. Also, Director Jaewon Ryu purchased 1,500 shares of the business's stock in a transaction on Tuesday, August 5th. The shares were acquired at an average price of $115.00 per share, for a total transaction of $172,500.00. Following the completion of the acquisition, the director directly owned 3,727 shares in the company, valued at approximately $428,605. This represents a 67.36% increase in their position. The disclosure for this purchase can be found here. In the last three months, insiders purchased 5,500 shares of company stock worth $633,590. Company insiders own 1.40% of the company's stock.

Teleflex Stock Performance

NYSE:TFX opened at $123.10 on Tuesday. The stock has a market cap of $5.44 billion, a P/E ratio of 28.97, a price-to-earnings-growth ratio of 1.71 and a beta of 1.08. The company has a current ratio of 2.41, a quick ratio of 1.44 and a debt-to-equity ratio of 0.42. The stock's 50-day moving average is $121.80 and its 200-day moving average is $125.57. Teleflex Incorporated has a 1-year low of $108.90 and a 1-year high of $249.90.

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

Teleflex Dividend Announcement

The firm also recently declared a quarterly dividend, which was paid on Monday, September 15th. Shareholders of record on Friday, August 15th were issued a dividend of $0.34 per share. This represents a $1.36 dividend on an annualized basis and a dividend yield of 1.1%. The ex-dividend date was Friday, August 15th. Teleflex's dividend payout ratio is presently 32.00%.

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.

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