Pzena Investment Management LLC Increases Holdings in Teleflex Incorporated $TFX

Pzena Investment Management LLC boosted its stake in Teleflex Incorporated (NYSE:TFX) by 84.2% in the 1st quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 699,125 shares of the medical technology company’s stock after purchasing an additional 319,660 shares during the period. Pzena Investment Management LLC owned approximately 1.58% of Teleflex worth $83,622,000 at the end of the most recent reporting period.

Several other hedge funds also recently added to or reduced their stakes in the stock. Ruffer LLP purchased a new stake in shares of Teleflex during the 4th quarter valued at about $5,154,000. Waterfront Wealth Inc. purchased a new position in Teleflex in the 4th quarter worth approximately $2,050,000. Eos Management L.P. purchased a new position in Teleflex in the 4th quarter worth approximately $3,763,000. Capital International Investors acquired a new stake in Teleflex in the third quarter valued at approximately $44,851,000. Finally, Universal Beteiligungs und Servicegesellschaft mbH grew its position in Teleflex by 227.5% in the fourth quarter. Universal Beteiligungs und Servicegesellschaft mbH now owns 27,822 shares of the medical technology company’s stock valued at $3,395,000 after acquiring an additional 19,327 shares in the last quarter. 95.62% of the stock is owned by hedge funds and other institutional investors.

Analyst Upgrades and Downgrades

TFX has been the topic of a number of recent research reports. Weiss Ratings reissued a “sell (d)” rating on shares of Teleflex in a research report on Wednesday, June 24th. Bank of America raised shares of Teleflex from an “underperform” rating to a “neutral” rating and set a $135.00 price target for the company in a report on Monday, April 13th. Zacks Research raised shares of Teleflex from a “strong sell” rating to a “hold” rating in a research note on Tuesday, April 28th. Wells Fargo & Company boosted their price objective on shares of Teleflex from $130.00 to $138.00 and gave the stock an “equal weight” rating in a report on Friday, May 8th. Finally, Truist Financial reissued a “hold” rating and issued a $143.00 price objective (up from $135.00) on shares of Teleflex in a research report on Monday, May 11th. Four equities research analysts have rated the stock with a Buy rating, five have given a Hold rating and one has assigned a Sell rating to the company’s stock. According to data from MarketBeat.com, the stock has an average rating of “Hold” and a consensus price target of $146.00.

Teleflex Stock Performance

Shares of TFX opened at $129.89 on Thursday. The firm has a market cap of $5.75 billion, a price-to-earnings ratio of -5.70, a PEG ratio of 0.94 and a beta of 0.82. The company has a quick ratio of 2.03, a current ratio of 2.55 and a debt-to-equity ratio of 0.82. The business’s 50 day moving average is $129.85 and its two-hundred day moving average is $119.63. Teleflex Incorporated has a 52-week low of $100.18 and a 52-week high of $139.67.

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

Teleflex Dividend Announcement

The business also recently announced a quarterly dividend, which was paid on Tuesday, June 30th. Stockholders of record on Monday, May 25th were given a $0.34 dividend. The ex-dividend date of this dividend was Friday, May 22nd. This represents a $1.36 annualized dividend and a dividend yield of 1.0%. Teleflex’s payout ratio is presently -5.96%.

Teleflex Company 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.