New York State Common Retirement Fund Trims Holdings in Teleflex Incorporated (NYSE:TFX)

New York State Common Retirement Fund decreased its holdings in shares of Teleflex Incorporated (NYSE:TFX - Free Report) by 11.1% during the 4th quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 36,587 shares of the medical technology company's stock after selling 4,586 shares during the period. New York State Common Retirement Fund owned approximately 0.08% of Teleflex worth $9,123,000 as of its most recent SEC filing.

A number of other large investors have also recently made changes to their positions in TFX. Venturi Wealth Management LLC boosted its holdings in Teleflex by 33.3% during the 4th quarter. Venturi Wealth Management LLC now owns 184 shares of the medical technology company's stock worth $46,000 after acquiring an additional 46 shares during the last quarter. Huntington National Bank boosted its stake in shares of Teleflex by 26.5% in the 3rd quarter. Huntington National Bank now owns 253 shares of the medical technology company's stock worth $50,000 after buying an additional 53 shares during the last quarter. Sumitomo Mitsui DS Asset Management Company Ltd boosted its stake in shares of Teleflex by 1.5% in the 3rd quarter. Sumitomo Mitsui DS Asset Management Company Ltd now owns 3,767 shares of the medical technology company's stock worth $740,000 after buying an additional 56 shares during the last quarter. Lindbrook Capital LLC increased its position in shares of Teleflex by 75.3% during the fourth quarter. Lindbrook Capital LLC now owns 135 shares of the medical technology company's stock valued at $34,000 after acquiring an additional 58 shares during the last quarter. Finally, Asset Management One Co. Ltd. lifted its holdings in Teleflex by 0.3% during the third quarter. Asset Management One Co. Ltd. now owns 19,230 shares of the medical technology company's stock worth $3,777,000 after acquiring an additional 60 shares during the period. 95.62% of the stock is owned by institutional investors.

Insider Activity at Teleflex

In related news, VP Cameron P. Hicks sold 7,401 shares of the business's stock in a transaction dated Tuesday, March 5th. The stock was sold at an average price of $225.00, for a total transaction of $1,665,225.00. Following the transaction, the vice president now owns 10,050 shares in the company, valued at approximately $2,261,250. The sale was disclosed in a document filed with the SEC, which can be accessed through the SEC website. 1.43% of the stock is currently owned by company insiders.

Teleflex Price Performance

TFX stock traded down $12.76 during mid-day trading on Thursday, hitting $198.78. 706,548 shares of the stock were exchanged, compared to its average volume of 277,246. The company has a debt-to-equity ratio of 0.39, a current ratio of 2.32 and a quick ratio of 1.29. The stock has a market capitalization of $9.36 billion, a price-to-earnings ratio of 26.68, a PEG ratio of 2.00 and a beta of 1.13. The business has a fifty day moving average price of $218.74 and a 200 day moving average price of $226.21. Teleflex Incorporated has a 12 month low of $177.63 and a 12 month high of $276.43.

Teleflex (NYSE:TFX - Get Free Report) last issued its quarterly earnings results on Thursday, February 22nd. The medical technology company reported $3.38 EPS for the quarter, beating analysts' consensus estimates of $3.26 by $0.12. The business had revenue of $773.90 million for the quarter, compared to analysts' expectations of $769.01 million. Teleflex had a net margin of 11.98% and a return on equity of 14.98%. The business's quarterly revenue was up 2.1% on a year-over-year basis. During the same period last year, the business earned $3.52 earnings per share. On average, sell-side analysts anticipate that Teleflex Incorporated will post 13.73 EPS for the current year.

Teleflex Announces Dividend

The company also recently declared a quarterly dividend, which was paid on Friday, March 15th. Investors of record on Friday, March 1st were issued a dividend of $0.34 per share. The ex-dividend date of this dividend was Thursday, February 29th. This represents a $1.36 dividend on an annualized basis and a yield of 0.68%. Teleflex's dividend payout ratio is currently 18.06%.

Analyst Ratings Changes

A number of brokerages have issued reports on TFX. JMP Securities restated a "market outperform" rating and issued a $285.00 price objective on shares of Teleflex in a research note on Friday, February 23rd. Royal Bank of Canada reduced their price objective on Teleflex from $272.00 to $265.00 and set an "outperform" rating for the company in a report on Friday, February 23rd. Truist Financial lowered their target price on Teleflex from $270.00 to $265.00 and set a "hold" rating on the stock in a research note on Friday, February 23rd. Finally, StockNews.com downgraded Teleflex from a "buy" rating to a "hold" rating in a research note on Friday, February 23rd. Four investment analysts have rated the stock with a hold rating and six have assigned a buy rating to the company. Based on data from MarketBeat.com, Teleflex currently has an average rating of "Moderate Buy" and a consensus target price of $267.50.

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.