Worldquant Millennium Advisors LLC Purchases New Shares in Teleflex Incorporated (NYSE:TFX)

Worldquant Millennium Advisors LLC purchased a new position in shares of Teleflex Incorporated (NYSE:TFX - Free Report) in the fourth quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The institutional investor purchased 18,141 shares of the medical technology company's stock, valued at approximately $3,229,000.

Several other hedge funds and other institutional investors also recently bought and sold shares of TFX. Barclays PLC raised its holdings in shares of Teleflex by 1.6% in the third quarter. Barclays PLC now owns 89,907 shares of the medical technology company's stock valued at $22,233,000 after buying an additional 1,426 shares during the last quarter. Genesis Private Wealth LLC acquired a new position in Teleflex in the 4th quarter valued at about $211,000. Janney Montgomery Scott LLC raised its stake in Teleflex by 9.1% during the 4th quarter. Janney Montgomery Scott LLC now owns 16,723 shares of the medical technology company's stock valued at $2,976,000 after acquiring an additional 1,391 shares during the last quarter. Avior Wealth Management LLC raised its stake in Teleflex by 81.2% during the 4th quarter. Avior Wealth Management LLC now owns 279 shares of the medical technology company's stock valued at $50,000 after acquiring an additional 125 shares during the last quarter. Finally, Hengehold Capital Management LLC lifted its position in Teleflex by 7.3% during the 4th quarter. Hengehold Capital Management LLC now owns 1,289 shares of the medical technology company's stock worth $229,000 after acquiring an additional 88 shares during the period. 95.62% of the stock is owned by hedge funds and other institutional investors.

Analyst Upgrades and Downgrades

TFX has been the subject of several analyst reports. Wall Street Zen cut Teleflex from a "buy" rating to a "hold" rating in a research note on Friday, February 28th. Needham & Company LLC restated a "hold" rating on shares of Teleflex in a research report on Wednesday, March 12th. Truist Financial reduced 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. Wells Fargo & Company dropped their price target on shares of Teleflex from $146.00 to $137.00 and set an "equal weight" rating on the stock in a research note on Friday, May 2nd. Finally, Raymond James cut shares of Teleflex from an "outperform" rating to a "market perform" rating in a report on Friday, February 28th. 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.com, Teleflex currently has a consensus rating of "Hold" and an average target price of $164.63.

Teleflex Price Performance

Shares of NYSE TFX opened at $120.98 on Friday. The company has a debt-to-equity ratio of 0.37, a quick ratio of 1.39 and a current ratio of 2.42. Teleflex Incorporated has a one year low of $119.60 and a one year high of $249.91. The firm has a market capitalization of $5.35 billion, a P/E ratio of 24.05, a PEG ratio of 1.73 and a beta of 1.17. The company's fifty day moving average is $131.81 and its two-hundred day moving average is $160.68.

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

Teleflex Dividend Announcement

The company also recently declared a quarterly dividend, which will be paid on Monday, June 16th. Stockholders of record on Tuesday, May 20th will be paid a dividend of $0.34 per share. This represents a $1.36 annualized dividend and a dividend yield of 1.12%. The ex-dividend date of this dividend is Tuesday, May 20th. Teleflex's dividend payout ratio (DPR) is 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.

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