541,430 Shares in Teleflex Incorporated $TFX Acquired by Norges Bank

Norges Bank purchased a new position in shares of Teleflex Incorporated (NYSE:TFX) during the fourth quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor purchased 541,430 shares of the medical technology company’s stock, valued at approximately $66,076,000. Norges Bank owned approximately 1.23% of Teleflex at the end of the most recent reporting period.

A number of other large investors have also added to or reduced their stakes in TFX. Banque Cantonale Vaudoise grew its position in Teleflex by 82.5% during the fourth quarter. Banque Cantonale Vaudoise now owns 250 shares of the medical technology company’s stock worth $31,000 after buying an additional 113 shares in the last quarter. Hantz Financial Services Inc. lifted its stake in Teleflex by 248.8% during the third quarter. Hantz Financial Services Inc. now owns 279 shares of the medical technology company’s stock worth $34,000 after purchasing an additional 199 shares during the last quarter. Mirae Asset Global Investments Co. Ltd. bought a new stake in Teleflex during the third quarter worth $35,000. V Square Quantitative Management LLC bought a new stake in Teleflex during the fourth quarter worth $37,000. Finally, Sound Income Strategies LLC bought a new stake in Teleflex during the fourth quarter worth $45,000. Institutional investors and hedge funds own 95.62% of the company’s stock.

Analyst Ratings Changes

Several equities research analysts have weighed in on the company. Truist Financial restated a “hold” rating and set a $143.00 target price (up from $135.00) on shares of Teleflex in a research note on Monday, May 11th. Wells Fargo & Company upped their target price on Teleflex from $130.00 to $138.00 and gave the stock an “equal weight” rating in a research note on Friday, May 8th. Zacks Research upgraded Teleflex from a “strong sell” rating to a “hold” rating in a research note on Tuesday, April 28th. Bank of America upgraded Teleflex from an “underperform” rating to a “neutral” rating and set a $135.00 target price for the company in a research note on Monday, April 13th. Finally, Weiss Ratings restated a “sell (d)” rating on shares of Teleflex in a research note on Friday, March 27th. Three equities research analysts have rated the stock with a Buy rating, five have assigned a Hold rating and one has issued a Sell rating to the company. According to MarketBeat.com, the stock presently has a consensus rating of “Hold” and a consensus price target of $144.00.

Teleflex Stock Down 1.7%

Shares of TFX opened at $129.90 on Friday. Teleflex Incorporated has a 52 week low of $100.18 and a 52 week high of $139.67. The stock has a market capitalization of $5.75 billion, a price-to-earnings ratio of -5.70, a PEG ratio of 0.97 and a beta of 0.82. The company has a debt-to-equity ratio of 0.82, a quick ratio of 2.03 and a current ratio of 2.55. The stock has a fifty day moving average of $127.08 and a 200-day moving average of $118.04.

Teleflex (NYSE:TFX) last announced its quarterly earnings results on Thursday, May 7th. The medical technology company reported $1.39 EPS for the quarter, beating analysts’ consensus estimates of $1.21 by $0.18. Teleflex had a positive return on equity of 13.29% and a negative net margin of 35.88%.The company had revenue of $548.30 million during the quarter, compared to analysts’ expectations of $536.91 million. During the same period in the prior year, the company earned $1.44 EPS. Teleflex’s revenue was up 32.3% compared to the same quarter last year. Teleflex has set its FY 2026 guidance at 6.250-6.550 EPS. As a group, sell-side analysts anticipate that Teleflex Incorporated will post 6.7 earnings per share for the current fiscal year.

Teleflex Dividend Announcement

The company also recently declared a quarterly dividend, which will be paid on Tuesday, June 30th. Stockholders of record on Monday, May 25th will be paid a $0.34 dividend. This represents a $1.36 dividend on an annualized basis and a dividend yield of 1.0%. The ex-dividend date is Friday, May 22nd. Teleflex’s dividend payout ratio is presently -5.96%.

Teleflex Profile

Teleflex Incorporated is a diversified global provider of medical technologies, specializing in critical care and surgery. Headquartered in Wayne, Pennsylvania, the company designs, manufactures and distributes devices and solutions used by healthcare professionals in hospital, ambulatory and alternate site settings. Teleflex focuses on delivering products that support complex interventional procedures and improve patient outcomes.

The company’s offerings span several key segments, including Interventional Urology, Respiratory & Anesthesia, Surgical, Cardiac Care, Vascular and Original Equipment Manufacturer (OEM) solutions.