Teleflex Incorporated (NYSE:TFX) Shares Sold by Frontier Capital Management Co. LLC

Frontier Capital Management Co. LLC lowered its position in shares of Teleflex Incorporated (NYSE:TFX) by 97.6% during the 4th quarter, HoldingsChannel reports. The institutional investor owned 1,826 shares of the medical technology company’s stock after selling 75,396 shares during the quarter. Frontier Capital Management Co. LLC’s holdings in Teleflex were worth $325,000 as of its most recent SEC filing.

Other large investors also recently bought and sold shares of the company. Headlands Technologies LLC acquired a new stake in shares of Teleflex during the 4th quarter valued at approximately $29,000. Avior Wealth Management LLC raised its holdings in shares of Teleflex by 81.2% during the fourth quarter. Avior Wealth Management LLC now owns 279 shares of the medical technology company’s stock worth $50,000 after purchasing an additional 125 shares during the period. IFP Advisors Inc lifted its position in shares of Teleflex by 238.5% in the 4th quarter. IFP Advisors Inc now owns 308 shares of the medical technology company’s stock worth $55,000 after buying an additional 217 shares during the last quarter. Exchange Traded Concepts LLC boosted its holdings in shares of Teleflex by 38.2% in the 4th quarter. Exchange Traded Concepts LLC now owns 340 shares of the medical technology company’s stock valued at $61,000 after buying an additional 94 shares during the period. Finally, R Squared Ltd bought a new stake in shares of Teleflex during the 4th quarter valued at about $64,000. Institutional investors own 95.62% of the company’s stock.

Analyst Upgrades and Downgrades

Several equities analysts have recently commented on the company. Wells Fargo & Company lowered their target price on Teleflex from $146.00 to $137.00 and set an “equal weight” rating for the company in a report on Friday, May 2nd. Truist Financial dropped their target price on Teleflex from $140.00 to $137.00 and set a “hold” rating on the stock in a research report on Monday, May 5th. Morgan Stanley lowered their price target 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. StockNews.com downgraded shares of Teleflex from a “buy” rating to a “hold” rating in a research report on Friday, February 28th. Finally, Needham & Company LLC restated a “hold” rating on shares of Teleflex in a research report on Wednesday, March 12th. One investment analyst has rated the stock with a sell rating, nine have given a hold rating and two have assigned a buy rating to the company’s stock. Based on data from MarketBeat, the stock has a consensus rating of “Hold” and a consensus price target of $164.63.

Teleflex Stock Performance

TFX opened at $125.10 on Friday. The business has a 50 day moving average price of $133.86 and a two-hundred day moving average price of $166.88. The company has a debt-to-equity ratio of 0.37, a current ratio of 2.42 and a quick ratio of 1.39. The company has a market capitalization of $5.80 billion, a price-to-earnings ratio of 24.87, a price-to-earnings-growth ratio of 1.73 and a beta of 1.17. Teleflex Incorporated has a 1-year low of $120.06 and a 1-year high of $249.91.

Teleflex (NYSE:TFX) last announced its earnings results on Thursday, May 1st. The medical technology company reported $2.91 earnings per share for the quarter, beating the consensus estimate of $2.88 by $0.03. Teleflex had a return on equity of 14.19% and a net margin of 7.85%. The business had revenue of $700.67 million during the quarter, compared to analysts’ expectations of $699.37 million. During the same quarter last year, the business posted $3.21 earnings per share. The company’s quarterly revenue was down 5.0% on a year-over-year basis. Research analysts predict that Teleflex Incorporated will post 13.98 EPS for the current fiscal year.

Teleflex Announces Dividend

The firm also recently announced a quarterly dividend, which was paid on Monday, March 17th. Investors of record on Friday, March 7th were issued a $0.34 dividend. The ex-dividend date of this dividend was Friday, March 7th. This represents a $1.36 dividend on an annualized basis and a dividend yield of 1.09%. Teleflex’s payout ratio is currently 42.90%.

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.