Teleflex Incorporated (NYSE:TFX) Stake Decreased by Bank of Montreal Can

Bank of Montreal Can cut its holdings in shares of Teleflex Incorporated (NYSE:TFX) by 6.0% in the 4th quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The firm owned 48,619 shares of the medical technology company’s stock after selling 3,077 shares during the period. Bank of Montreal Can owned approximately 0.10% of Teleflex worth $8,653,000 at the end of the most recent reporting period.

A number of other institutional investors and hedge funds have also added to or reduced their stakes in TFX. Headlands Technologies LLC bought a new position in shares of Teleflex in the fourth quarter worth $29,000. Avior Wealth Management LLC increased its stake in Teleflex by 81.2% during the 4th quarter. Avior Wealth Management LLC now owns 279 shares of the medical technology company’s stock valued at $50,000 after buying an additional 125 shares during the period. IFP Advisors Inc increased its stake in Teleflex by 238.5% during the 4th quarter. IFP Advisors Inc now owns 308 shares of the medical technology company’s stock valued at $55,000 after buying an additional 217 shares during the period. Exchange Traded Concepts LLC raised its position in shares of Teleflex by 38.2% during the 4th quarter. Exchange Traded Concepts LLC now owns 340 shares of the medical technology company’s stock worth $61,000 after buying an additional 94 shares in the last quarter. Finally, R Squared Ltd acquired a new stake in shares of Teleflex in the 4th quarter worth approximately $64,000. 95.62% of the stock is owned by institutional investors.

Analyst Upgrades and Downgrades

Several brokerages recently commented on TFX. Wells Fargo & Company dropped their target price on Teleflex from $214.00 to $146.00 and set an “equal weight” rating on the stock in a report on Friday, February 28th. Piper Sandler restated a “neutral” rating and issued a $140.00 price objective (down previously from $255.00) on shares of Teleflex in a report on Friday, February 28th. Morgan Stanley lowered their target price on Teleflex from $275.00 to $191.00 and set an “overweight” rating on the stock in a report on Wednesday, March 5th. Citizens Jmp downgraded shares of Teleflex from an “outperform” rating to a “market perform” rating in a report on Thursday, February 27th. Finally, StockNews.com cut shares of Teleflex from a “buy” rating to a “hold” rating in a research note on Friday, February 28th. One 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. According to MarketBeat.com, the company presently has a consensus rating of “Hold” and an average target price of $181.50.

Teleflex Stock Up 0.6 %

Shares of NYSE:TFX opened at $129.81 on Monday. Teleflex Incorporated has a 52 week low of $124.66 and a 52 week high of $249.91. The company has a debt-to-equity ratio of 0.37, a quick ratio of 1.39 and a current ratio of 2.42. The company has a market cap of $6.02 billion, a PE ratio of 25.81, a price-to-earnings-growth ratio of 1.73 and a beta of 1.19. The firm has a 50 day simple moving average of $148.00 and a 200 day simple moving average of $181.09.

Teleflex (NYSE:TFX) last issued its earnings results on Thursday, February 27th. The medical technology company reported $3.89 EPS for the quarter, topping the consensus estimate of $3.86 by $0.03. The business had revenue of $795.40 million during the quarter, compared to analysts’ expectations of $813.24 million. Teleflex had a return on equity of 14.19% and a net margin of 7.85%. As a group, research analysts expect that Teleflex Incorporated will post 13.98 earnings per share for the current year.

Teleflex Dividend Announcement

The business also recently declared a quarterly dividend, which was paid on Monday, March 17th. Stockholders of record on Friday, March 7th were given a $0.34 dividend. This represents a $1.36 dividend on an annualized basis and a dividend yield of 1.05%. The ex-dividend date of this dividend was Friday, March 7th. Teleflex’s dividend payout ratio (DPR) is 95.77%.

About Teleflex

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.