South Dakota Investment Council Boosts Stake in Teleflex Incorporated $TFX

South Dakota Investment Council boosted its stake in shares of Teleflex Incorporated (NYSE:TFX) by 12.6% in the second quarter, Holdings Channel reports. The institutional investor owned 11,630 shares of the medical technology company’s stock after acquiring an additional 1,300 shares during the period. South Dakota Investment Council’s holdings in Teleflex were worth $1,377,000 as of its most recent SEC filing.

A number of other hedge funds also recently bought and sold shares of the stock. Cooke & Bieler LP lifted its holdings in Teleflex by 14.0% during the second quarter. Cooke & Bieler LP now owns 1,205,964 shares of the medical technology company’s stock worth $142,738,000 after buying an additional 148,436 shares during the period. Strs Ohio lifted its holdings in shares of Teleflex by 4.9% during the 2nd quarter. Strs Ohio now owns 23,067 shares of the medical technology company’s stock valued at $2,730,000 after purchasing an additional 1,067 shares during the last quarter. Arkadios Wealth Advisors lifted its holdings in shares of Teleflex by 61.8% during the 2nd quarter. Arkadios Wealth Advisors now owns 5,403 shares of the medical technology company’s stock valued at $639,000 after purchasing an additional 2,064 shares during the last quarter. Quaker Wealth Management LLC lifted its holdings in shares of Teleflex by 200.2% during the 2nd quarter. Quaker Wealth Management LLC now owns 34,739 shares of the medical technology company’s stock valued at $4,112,000 after purchasing an additional 69,394 shares during the last quarter. Finally, Teacher Retirement System of Texas lifted its holdings in shares of Teleflex by 31.5% during the 2nd quarter. Teacher Retirement System of Texas now owns 11,819 shares of the medical technology company’s stock valued at $1,399,000 after purchasing an additional 2,831 shares during the last quarter. Hedge funds and other institutional investors own 95.62% of the company’s stock.

Analyst Ratings Changes

Several analysts have recently commented on the company. Weiss Ratings reiterated a “sell (d+)” rating on shares of Teleflex in a report on Wednesday, October 8th. Wall Street Zen lowered Teleflex from a “strong-buy” rating to a “buy” rating in a report on Monday, September 15th. Mizuho increased their price objective on Teleflex from $130.00 to $135.00 and gave the company a “neutral” rating in a report on Friday, August 1st. Wells Fargo & Company decreased their price objective on Teleflex from $137.00 to $131.00 and set an “equal weight” rating for the company in a report on Friday, August 1st. Finally, Zacks Research lowered Teleflex from a “strong-buy” rating to a “hold” rating in a report on Tuesday, September 30th. One equities research analyst has rated the stock with a Buy rating, nine have issued a Hold rating and two have given a Sell rating to the stock. According to MarketBeat.com, the stock has an average rating of “Reduce” and an average target price of $141.57.

Teleflex Stock Performance

Shares of TFX stock opened at $122.66 on Tuesday. The firm has a market capitalization of $5.42 billion, a price-to-earnings ratio of 28.86, a price-to-earnings-growth ratio of 1.79 and a beta of 1.05. The company has a debt-to-equity ratio of 0.42, a current ratio of 2.41 and a quick ratio of 1.44. The business has a fifty day moving average of $126.51 and a 200 day moving average of $123.39. Teleflex Incorporated has a 1 year low of $108.90 and a 1 year high of $212.16.

Insider Transactions at Teleflex

In other news, Director Gretchen R. Haggerty bought 500 shares of Teleflex stock in a transaction that occurred on Wednesday, August 6th. The stock was bought at an average price of $114.75 per share, for a total transaction of $57,375.00. Following the purchase, the director directly owned 6,305 shares of the company’s stock, valued at approximately $723,498.75. The trade was a 8.61% increase in their position. The transaction was disclosed in a legal filing with the SEC, which is accessible through this hyperlink. 1.40% of the stock is owned by company insiders.

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.