Insider Buying: Teleflex Incorporated (NYSE:TFX) CEO Buys 1,500 Shares of Stock

Key Points

• CEO Liam Kelly of Teleflex Incorporated purchased 1,500 shares of the company's stock at an average price of $115.07, increasing his ownership by 3.43% to a total of 45,267 shares.
• Teleflex reported $3.73 EPS for the last quarter, surpassing analyst expectations of $3.36, along with a quarterly revenue of $780.90 million.
• The company declared a quarterly dividend of $0.34 per share, representing a 1.2% dividend yield, with the payment scheduled for September 15th.

Teleflex Incorporated (NYSE:TFX - Get Free Report) CEO Liam Kelly purchased 1,500 shares of the firm's stock in a transaction on Tuesday, August 5th. The shares were acquired at an average price of $115.07 per share, for a total transaction of $172,605.00. Following the purchase, the chief executive officer directly owned 45,267 shares of the company's stock, valued at approximately $5,208,873.69. This represents a 3.43% increase in their ownership of the stock. The acquisition was disclosed in a filing with the SEC, which can be accessed through this hyperlink.

Teleflex Trading Up 3.0%

Shares of NYSE:TFX traded up $3.35 during trading on Thursday, hitting $115.42. 694,762 shares of the company's stock were exchanged, compared to its average volume of 807,305. 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 firm has a market cap of $5.10 billion, a P/E ratio of 27.16, a PEG ratio of 1.60 and a beta of 1.08. The firm has a 50-day moving average price of $118.48 and a two-hundred day moving average price of $135.98. 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 released its earnings results on Thursday, July 31st. The medical technology company reported $3.73 EPS for the quarter, topping analysts' consensus estimates of $3.36 by $0.37. The firm had revenue of $780.90 million during the quarter, compared to analyst estimates of $771.53 million. Teleflex had a net margin of 6.31% and a return on equity of 15.08%. The business's quarterly revenue was up 4.2% compared to the same quarter last year. During the same quarter in the previous year, the business earned $3.42 EPS. Equities analysts predict that Teleflex Incorporated will post 13.98 earnings per share for the current year.

Teleflex Dividend Announcement

The company also recently declared a quarterly dividend, which will be paid on Monday, September 15th. Investors of record on Friday, August 15th will be given a $0.34 dividend. This represents a $1.36 dividend on an annualized basis and a dividend yield of 1.2%. The ex-dividend date is Friday, August 15th. Teleflex's dividend payout ratio (DPR) is currently 32.00%.

Analyst Upgrades and Downgrades

Several research analysts recently issued reports on the stock. Royal Bank Of Canada increased their price target on shares of Teleflex from $130.00 to $135.00 and gave the stock a "sector perform" rating in a research report on Friday, August 1st. Wells Fargo & Company decreased their price target on Teleflex from $137.00 to $131.00 and set an "equal weight" rating on the stock in a research report on Friday, August 1st. Wall Street Zen upgraded Teleflex from a "hold" rating to a "strong-buy" rating in a research report on Saturday, August 2nd. Mizuho raised their price target on shares of Teleflex from $130.00 to $135.00 and gave the company a "neutral" rating in a report on Friday, August 1st. Finally, Morgan Stanley dropped their price objective on shares of Teleflex from $191.00 to $173.00 and set an "overweight" rating for the company in a research report on Monday, May 5th. One analyst has rated the stock with a sell rating, eight have issued a hold rating, one has issued a buy rating and one has given a strong buy rating to the company. Based on data from MarketBeat.com, the stock currently has an average rating of "Hold" and an average target price of $141.57.

Institutional Inflows and Outflows

Hedge funds and other institutional investors have recently bought and sold shares of the company. Teacher Retirement System of Texas acquired a new stake in Teleflex in the first quarter worth $1,242,000. Amalgamated Bank increased its position in shares of Teleflex by 56.9% in the 1st quarter. Amalgamated Bank now owns 14,046 shares of the medical technology company's stock valued at $1,941,000 after buying an additional 5,095 shares in the last quarter. New York State Teachers Retirement System raised its stake in Teleflex by 13.9% during the 1st quarter. New York State Teachers Retirement System now owns 45,063 shares of the medical technology company's stock worth $6,227,000 after buying an additional 5,482 shares during the period. Brown Advisory Inc. raised its stake in Teleflex by 34.2% during the 1st quarter. Brown Advisory Inc. now owns 2,524 shares of the medical technology company's stock worth $349,000 after buying an additional 643 shares during the period. Finally, CX Institutional acquired a new stake in shares of Teleflex during the first quarter worth about $105,000. Institutional investors own 95.62% of the company's stock.

About Teleflex

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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