Comerica Bank Boosts Position in Teleflex Incorporated (NYSE:TFX)

Comerica Bank grew its holdings in shares of Teleflex Incorporated (NYSE:TFXGet Rating) by 3.7% during the 3rd quarter, Holdings Channel.com reports. The institutional investor owned 7,736 shares of the medical technology company’s stock after acquiring an additional 273 shares during the quarter. Comerica Bank’s holdings in Teleflex were worth $1,520,000 at the end of the most recent quarter.

Several other hedge funds have also recently made changes to their positions in the business. Mastrapasqua Asset Management Inc. increased its stake in shares of Teleflex by 2.5% during the third quarter. Mastrapasqua Asset Management Inc. now owns 6,440 shares of the medical technology company’s stock valued at $1,297,000 after buying an additional 157 shares during the period. Assenagon Asset Management S.A. bought a new stake in shares of Teleflex during the third quarter valued at approximately $1,136,000. Veriti Management LLC boosted its position in shares of Teleflex by 21.1% during the third quarter. Veriti Management LLC now owns 1,241 shares of the medical technology company’s stock valued at $250,000 after purchasing an additional 216 shares in the last quarter. Strs Ohio boosted its position in shares of Teleflex by 52.9% during the third quarter. Strs Ohio now owns 26,000 shares of the medical technology company’s stock valued at $5,237,000 after purchasing an additional 9,000 shares in the last quarter. Finally, Handelsbanken Fonder AB boosted its position in shares of Teleflex by 3.6% during the third quarter. Handelsbanken Fonder AB now owns 8,565 shares of the medical technology company’s stock valued at $1,726,000 after purchasing an additional 298 shares in the last quarter. 93.82% of the stock is owned by hedge funds and other institutional investors.

Wall Street Analysts Forecast Growth

Several equities research analysts recently weighed in on the company. Jefferies Financial Group assumed coverage on Teleflex in a research report on Wednesday, October 12th. They set a “hold” rating and a $210.00 price target on the stock. Wells Fargo & Company dropped their price target on Teleflex from $248.00 to $229.00 and set an “equal weight” rating on the stock in a research report on Friday, October 28th. Morgan Stanley boosted their target price on Teleflex from $236.00 to $280.00 and gave the stock an “equal weight” rating in a report on Friday, January 6th. Truist Financial boosted their target price on Teleflex from $225.00 to $272.00 and gave the stock a “hold” rating in a report on Tuesday, December 20th. Finally, Mizuho started coverage on Teleflex in a report on Wednesday, October 26th. They issued a “neutral” rating and a $220.00 target price on the stock. Six research analysts have rated the stock with a hold rating and seven have issued a buy rating to the company’s stock. According to data from MarketBeat.com, Teleflex has a consensus rating of “Moderate Buy” and an average target price of $279.62.

Teleflex Trading Up 0.2 %

Shares of NYSE:TFX opened at $235.69 on Monday. The company has a market cap of $11.06 billion, a P/E ratio of 27.03, a PEG ratio of 2.66 and a beta of 1.04. The company has a debt-to-equity ratio of 0.41, a current ratio of 2.39 and a quick ratio of 1.52. Teleflex Incorporated has a 1 year low of $182.65 and a 1 year high of $356.72. The stock’s fifty day moving average price is $239.61 and its 200-day moving average price is $231.24.

Teleflex (NYSE:TFXGet Rating) last announced its quarterly earnings results on Thursday, October 27th. The medical technology company reported $3.27 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $3.10 by $0.17. The firm had revenue of $686.80 million for the quarter, compared to the consensus estimate of $691.52 million. Teleflex had a return on equity of 16.26% and a net margin of 14.76%. The company’s quarterly revenue was down 1.9% on a year-over-year basis. During the same period in the prior year, the company posted $3.51 earnings per share. Sell-side analysts expect that Teleflex Incorporated will post 12.98 earnings per share for the current year.

Teleflex Announces Dividend

The company also recently disclosed a quarterly dividend, which was paid on Thursday, December 15th. Investors of record on Tuesday, November 15th were given a dividend of $0.34 per share. This represents a $1.36 dividend on an annualized basis and a yield of 0.58%. The ex-dividend date of this dividend was Monday, November 14th. Teleflex’s dividend payout ratio (DPR) is presently 15.60%.

Teleflex Profile

(Get Rating)

Teleflex, Inc provides medical technology products which enables healthcare providers to improve patient outcomes and enhance patient and provider safety. The firm designs, develops, manufactures and supplies single-use medical devices used by hospitals and healthcare providers for common diagnostic and therapeutic procedures in critical care and surgical applications.

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Institutional Ownership by Quarter for Teleflex (NYSE:TFX)

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