Raymond James Financial Services Advisors Inc. reduced its position in Teleflex Incorporated (NYSE:TFX) by 6.5% in the 4th quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The firm owned 2,955 shares of the medical technology company’s stock after selling 207 shares during the quarter. Raymond James Financial Services Advisors Inc.’s holdings in Teleflex were worth $735,000 at the end of the most recent quarter.
A number of other hedge funds have also recently modified their holdings of TFX. Coldstream Capital Management Inc. bought a new position in Teleflex in the third quarter worth $226,000. Quantitative Systematic Strategies LLC bought a new position in Teleflex in the fourth quarter worth $228,000. Checchi Capital Advisers LLC bought a new position in Teleflex in the fourth quarter worth $230,000. Lourd Capital LLC bought a new position in shares of Teleflex during the fourth quarter valued at $266,000. Finally, Independence Advisors LLC bought a new position in shares of Teleflex during the fourth quarter valued at $276,000. 90.75% of the stock is owned by hedge funds and other institutional investors.
In other news, Director Stephen K. M.D. Klasko sold 200 shares of the firm’s stock in a transaction on Tuesday, January 2nd. The stock was sold at an average price of $248.96, for a total value of $49,792.00. Following the completion of the sale, the director now directly owns 8,080 shares in the company, valued at $2,011,596.80. The sale was disclosed in a filing with the SEC, which is accessible through this link. Also, Director George Babich, Jr. sold 2,500 shares of the firm’s stock in a transaction on Monday, January 29th. The shares were sold at an average price of $283.11, for a total value of $707,775.00. Following the completion of the sale, the director now owns 9,581 shares of the company’s stock, valued at $2,712,476.91. The disclosure for this sale can be found here. Over the last 90 days, insiders sold 14,259 shares of company stock valued at $3,760,536. 2.39% of the stock is currently owned by corporate insiders.
Teleflex Incorporated (NYSE:TFX) opened at $267.35 on Wednesday. The stock has a market capitalization of $12,040.00, a price-to-earnings ratio of 46.99, a price-to-earnings-growth ratio of 1.99 and a beta of 1.22. Teleflex Incorporated has a twelve month low of $191.04 and a twelve month high of $288.78. The company has a debt-to-equity ratio of 0.89, a quick ratio of 1.51 and a current ratio of 2.33.
Teleflex (NYSE:TFX) last announced its earnings results on Thursday, February 22nd. The medical technology company reported $2.44 earnings per share for the quarter, beating the Zacks’ consensus estimate of $2.40 by $0.04. Teleflex had a return on equity of 16.46% and a net margin of 7.11%. The company had revenue of $595.10 million during the quarter, compared to analyst estimates of $601.17 million. During the same period last year, the company posted $2.13 earnings per share. The firm’s quarterly revenue was up 15.8% compared to the same quarter last year. equities research analysts anticipate that Teleflex Incorporated will post 9.68 EPS for the current year.
The firm also recently announced a quarterly dividend, which will be paid on Thursday, March 15th. Stockholders of record on Friday, March 2nd will be paid a $0.34 dividend. The ex-dividend date is Thursday, March 1st. This represents a $1.36 dividend on an annualized basis and a dividend yield of 0.51%. Teleflex’s dividend payout ratio (DPR) is presently 23.90%.
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Teleflex Incorporated is a provider of medical technology products. The Company designs, develops, manufactures and supplies single-use medical devices used by hospitals and healthcare providers for diagnostic and therapeutic procedures in critical care and surgical applications. The Company operates through six segments: Vascular North America; Anesthesia North America; Surgical North America; Europe, the Middle East and Africa (EMEA); Asia, and Original Equipment Manufacturer (OEM).
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