Teleflex Incorporated (NYSE:TFX) Shares Purchased by Northern Trust Corp

Northern Trust Corp increased its position in shares of Teleflex Incorporated (NYSE:TFX - Free Report) by 15.2% in the 4th quarter, according to its most recent disclosure with the SEC. The institutional investor owned 462,846 shares of the medical technology company's stock after purchasing an additional 61,219 shares during the quarter. Northern Trust Corp owned approximately 1.00% of Teleflex worth $82,377,000 as of its most recent filing with the SEC.

Other hedge funds have also recently added to or reduced their stakes in the company. Headlands Technologies LLC purchased a new stake in shares of Teleflex during the fourth quarter worth $29,000. Avior Wealth Management LLC grew 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 in the last quarter. IFP Advisors Inc raised its holdings in Teleflex by 238.5% in the 4th quarter. IFP Advisors Inc now owns 308 shares of the medical technology company's stock valued at $55,000 after acquiring an additional 217 shares during the last quarter. Exchange Traded Concepts LLC lifted 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 in the last quarter. Finally, R Squared Ltd acquired a new position in shares of Teleflex during the 4th quarter worth approximately $64,000. 95.62% of the stock is owned by institutional investors and hedge funds.

Wall Street Analysts Forecast Growth

A number of brokerages recently commented on TFX. Needham & Company LLC reiterated a "hold" rating on shares of Teleflex in a research report on Wednesday, March 12th. Piper Sandler reissued a "neutral" rating and issued a $140.00 price objective (down previously from $255.00) on shares of Teleflex in a report on Friday, February 28th. Morgan Stanley reduced their target price on shares of Teleflex from $191.00 to $173.00 and set an "overweight" rating on the stock in a research note on Monday. Raymond James downgraded shares of Teleflex from an "outperform" rating to a "market perform" rating in a report on Friday, February 28th. Finally, Royal Bank of Canada lowered their price objective on Teleflex from $150.00 to $145.00 and set a "sector perform" rating for the company in a research report on Friday, May 2nd. One analyst has rated the stock with a sell rating, nine have assigned a hold rating and two have given a buy rating to the stock. According to MarketBeat, the company presently has a consensus rating of "Hold" and an average price target of $164.63.

Teleflex Stock Down 0.9 %

NYSE TFX traded down $1.08 during trading hours on Friday, hitting $125.10. 483,168 shares of the company were exchanged, compared to its average volume of 638,990. The company has a quick ratio of 1.39, a current ratio of 2.42 and a debt-to-equity ratio of 0.37. The firm has a market cap of $5.80 billion, a price-to-earnings ratio of 24.87, a PEG ratio of 1.73 and a beta of 1.17. The company has a 50 day moving average of $133.98 and a two-hundred day moving average of $167.65. Teleflex Incorporated has a 52-week low of $120.06 and a 52-week high of $249.91.

Teleflex (NYSE:TFX - Get Free Report) last issued its quarterly earnings results on Thursday, May 1st. The medical technology company reported $2.91 earnings per share (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 company had revenue of $700.67 million during 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 quarterly revenue was down 5.0% on a year-over-year basis. Equities research analysts anticipate that Teleflex Incorporated will post 13.98 earnings per share for the current year.

Teleflex Announces Dividend

The firm also recently declared a quarterly dividend, which was paid on Monday, March 17th. Shareholders of record on Friday, March 7th were issued a dividend of $0.34 per share. This represents a $1.36 dividend on an annualized basis and a yield of 1.09%. The ex-dividend date was Friday, March 7th. Teleflex's dividend payout ratio (DPR) is 42.90%.

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.