Wellington Management Group LLP Has $39.77 Million Holdings in Teleflex Incorporated (NYSE:TFX)

Wellington Management Group LLP raised its holdings in shares of Teleflex Incorporated (NYSE:TFX - Free Report) by 42.0% in the fourth quarter, according to its most recent Form 13F filing with the SEC. The institutional investor owned 223,438 shares of the medical technology company's stock after buying an additional 66,075 shares during the period. Wellington Management Group LLP owned about 0.48% of Teleflex worth $39,767,000 as of its most recent SEC filing.

A number of other large investors have also recently added to or reduced their stakes in TFX. Headlands Technologies LLC acquired a new position in Teleflex in the 4th quarter worth approximately $29,000. True Wealth Design LLC boosted its stake in Teleflex by 62.3% in the 4th quarter. True Wealth Design LLC now owns 271 shares of the medical technology company's stock worth $48,000 after purchasing an additional 104 shares during the period. IFP Advisors Inc boosted its stake in Teleflex by 238.5% in the 4th quarter. IFP Advisors Inc now owns 308 shares of the medical technology company's stock worth $55,000 after purchasing an additional 217 shares during the period. Exchange Traded Concepts LLC boosted its stake in Teleflex by 38.2% in the 4th quarter. Exchange Traded Concepts LLC now owns 340 shares of the medical technology company's stock worth $61,000 after purchasing an additional 94 shares during the period. Finally, State of Wyoming acquired a new position in Teleflex in the 4th quarter worth approximately $62,000. 95.62% of the stock is currently owned by institutional investors.

Analyst Upgrades and Downgrades

A number of equities research analysts have issued reports on the stock. Truist Financial decreased 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. Piper Sandler reissued a "neutral" rating and set a $140.00 target price (down previously from $255.00) on shares of Teleflex in a research note on Friday, February 28th. Raymond James lowered shares of Teleflex from an "outperform" rating to a "market perform" rating in a research note on Friday, February 28th. Bank of America lowered shares of Teleflex from a "neutral" rating to an "underperform" rating and decreased their target price for the company from $235.00 to $140.00 in a research note on Tuesday, March 4th. Finally, Wall Street Zen lowered shares of Teleflex from a "buy" rating to a "hold" rating in a research note on Friday, February 28th. One investment analyst has rated the stock with a sell rating, nine have given a hold rating and two have issued a buy rating to the stock. According to MarketBeat.com, the stock currently has a consensus rating of "Hold" and a consensus price target of $164.63.

Teleflex Stock Performance

TFX traded up $1.38 during trading on Wednesday, hitting $122.82. The stock had a trading volume of 96,704 shares, compared to its average volume of 624,275. The firm has a market cap of $5.43 billion, a PE ratio of 24.42, a P/E/G ratio of 1.73 and a beta of 1.17. Teleflex Incorporated has a 12 month low of $118.70 and a 12 month high of $249.91. The company has a current ratio of 2.42, a quick ratio of 1.39 and a debt-to-equity ratio of 0.37. The company has a 50 day simple moving average of $128.83 and a 200-day simple moving average of $156.25.

Teleflex (NYSE:TFX - Get Free Report) last posted its quarterly earnings data on Thursday, May 1st. The medical technology company reported $2.91 earnings per share (EPS) for the quarter, topping the consensus estimate of $2.88 by $0.03. The company had revenue of $700.67 million for the quarter, compared to the consensus estimate of $699.37 million. Teleflex had a net margin of 7.85% and a return on equity of 14.19%. The business's revenue was down 5.0% compared to the same quarter last year. During the same quarter in the previous year, the firm posted $3.21 EPS. Analysts expect that Teleflex Incorporated will post 13.98 EPS for the current year.

Teleflex Announces Dividend

The company also recently declared a quarterly dividend, which will be paid on Monday, June 16th. Shareholders of record on Tuesday, May 20th will be given a $0.34 dividend. The ex-dividend date of this dividend is Tuesday, May 20th. This represents a $1.36 dividend on an annualized basis and a yield of 1.11%. Teleflex's dividend payout ratio (DPR) is presently 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.