Teleflex Incorporated (TFX) To Go Ex-Dividend on May 22nd

Teleflex Incorporated (NYSE:TFX) declared a quarterly dividend on Friday, May 15th. Shareholders of record on Monday, May 25th will be given a dividend of 0.34 per share by the medical technology company on Tuesday, June 30th. This represents a c) annualized dividend and a yield of 1.0%. The ex-dividend date is Friday, May 22nd.

Teleflex has a dividend payout ratio of 9.7% meaning its dividend is sufficiently covered by earnings. Equities research analysts expect Teleflex to earn $10.46 per share next year, which means the company should continue to be able to cover its $1.36 annual dividend with an expected future payout ratio of 13.0%.

Teleflex Stock Up 2.0%

Teleflex stock opened at $133.01 on Wednesday. The firm has a market capitalization of $5.89 billion, a price-to-earnings ratio of -5.83, a price-to-earnings-growth ratio of 0.97 and a beta of 0.82. The firm’s fifty day moving average price is $121.39 and its two-hundred day moving average price is $116.69. Teleflex has a 1-year low of $100.18 and a 1-year high of $139.67. The company has a current ratio of 2.55, a quick ratio of 2.03 and a debt-to-equity ratio of 0.82.

Teleflex (NYSE:TFX) last posted its earnings results on Thursday, May 7th. The medical technology company reported $1.39 EPS for the quarter, topping the consensus estimate of $1.21 by $0.18. Teleflex had a negative net margin of 35.88% and a positive return on equity of 13.29%. The company had revenue of $548.30 million during the quarter, compared to the consensus estimate of $536.91 million. During the same period in the previous year, the firm posted $1.44 earnings per share. The firm’s revenue for the quarter was up 32.3% on a year-over-year basis. Teleflex has set its FY 2026 guidance at 6.250-6.550 EPS. On average, equities research analysts predict that Teleflex will post 6.7 earnings per share for the current fiscal year.

Hedge Funds Weigh In On Teleflex

Hedge funds have recently modified their holdings of the company. AQR Capital Management LLC boosted its stake in shares of Teleflex by 478.1% in the 3rd quarter. AQR Capital Management LLC now owns 2,366,131 shares of the medical technology company’s stock worth $287,603,000 after buying an additional 1,956,811 shares during the last quarter. Abrams Bison Investments LLC bought a new stake in Teleflex during the third quarter worth $112,317,000. Irenic Capital Management LP bought a new stake in Teleflex during the first quarter worth $104,061,000. Norges Bank bought a new stake in Teleflex during the fourth quarter worth $66,076,000. Finally, Thrivent Financial for Lutherans lifted its holdings in Teleflex by 1,161.0% during the third quarter. Thrivent Financial for Lutherans now owns 550,449 shares of the medical technology company’s stock worth $67,353,000 after acquiring an additional 506,796 shares during the period. Institutional investors own 95.62% of the company’s stock.

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.