Legal & General Group Plc Invests $13.22 Million in Teleflex Incorporated $TFX

Legal & General Group Plc acquired a new stake in Teleflex Incorporated (NYSE:TFX) during the second quarter, according to its most recent disclosure with the SEC. The institutional investor acquired 104,328 shares of the medical technology company’s stock, valued at approximately $13,225,000.

Several other large investors also recently modified their holdings of the company. Kelleher Financial Advisors acquired a new position in Teleflex in the second quarter valued at $25,000. Banque Cantonale Vaudoise boosted 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 valued at $31,000 after acquiring an additional 113 shares during the last quarter. UMB Bank n.a. grew its holdings in Teleflex by 57.1% during the 4th quarter. UMB Bank n.a. now owns 311 shares of the medical technology company’s stock worth $38,000 after acquiring an additional 113 shares during the period. Allworth Financial LP acquired a new stake in Teleflex during the 2nd quarter worth about $44,000. Finally, Kestra Advisory Services LLC bought a new position in shares of Teleflex in the 4th quarter worth about $45,000. 95.62% of the stock is currently owned by institutional investors and hedge funds.

Wall Street Analysts Forecast Growth

A number of brokerages have recently issued reports on TFX. Raymond James Financial reissued an “outperform” rating and issued a $150.00 price objective on shares of Teleflex in a research note on Friday, May 8th. Piper Sandler reaffirmed an “overweight” rating and set a $169.00 target price (up from $160.00) on shares of Teleflex in a research note on Friday, August 7th. Royal Bank Of Canada raised Teleflex from a “sector perform” rating to an “outperform” rating and boosted their price target for the company from $135.00 to $155.00 in a research note on Friday, May 8th. BMO Capital Markets began coverage on Teleflex in a report on Wednesday, July 8th. They set an “outperform” rating and a $159.00 price target on the stock. Finally, Wells Fargo & Company raised their price objective on shares of Teleflex from $130.00 to $138.00 and gave the stock an “equal weight” rating in a research report on Friday, May 8th. One analyst has rated the stock with a Strong Buy rating, four have assigned a Buy rating, six have issued a Hold rating and one has given a Sell rating to the company. According to MarketBeat.com, the company presently has an average rating of “Hold” and a consensus price target of $152.90.

Teleflex Price Performance

Shares of NYSE TFX opened at $139.81 on Monday. The firm has a market capitalization of $5.92 billion, a P/E ratio of -6.00, a P/E/G ratio of 0.93 and a beta of 0.81. The firm’s 50-day moving average price is $133.86 and its 200-day moving average price is $126.05. The company has a current ratio of 2.60, a quick ratio of 2.12 and a debt-to-equity ratio of 0.94. Teleflex Incorporated has a 1-year low of $100.18 and a 1-year high of $145.00.

Teleflex (NYSE:TFX) last issued its earnings results on Thursday, August 6th. The medical technology company reported $1.76 EPS for the quarter, beating the consensus estimate of $1.28 by $0.48. Teleflex had a positive return on equity of 11.93% and a negative net margin of 39.67%.The company had revenue of $570.33 million during the quarter, compared to the consensus estimate of $559.59 million. During the same period last year, the business posted $3.73 EPS. The firm’s revenue for the quarter was up 28.9% compared to the same quarter last year. Teleflex has set its FY 2026 guidance at 6.900-7.200 EPS. Equities research analysts anticipate that Teleflex Incorporated will post 7.26 earnings per share for the current fiscal year.

Teleflex Dividend Announcement

The company also recently disclosed a quarterly dividend, which will be paid on Wednesday, September 30th. Shareholders of record on Friday, August 14th will be paid a $0.34 dividend. This represents a $1.36 dividend on an annualized basis and a yield of 1.0%. The ex-dividend date of this dividend is Friday, August 14th. Teleflex’s dividend payout ratio (DPR) is -5.84%.

About Teleflex

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.