California State Teachers Retirement System Grows Position in Teleflex Incorporated $TFX

California State Teachers Retirement System grew its stake in shares of Teleflex Incorporated (NYSE:TFX) by 23.2% during the 1st quarter, HoldingsChannel reports. The institutional investor owned 51,472 shares of the medical technology company’s stock after purchasing an additional 9,709 shares during the quarter. California State Teachers Retirement System’s holdings in Teleflex were worth $6,157,000 at the end of the most recent reporting period.

Several other hedge funds have also recently modified their holdings of the stock. Banque Cantonale Vaudoise boosted its position in shares of Teleflex by 82.5% during the fourth quarter. Banque Cantonale Vaudoise now owns 250 shares of the medical technology company’s stock worth $31,000 after acquiring an additional 113 shares during the last quarter. V Square Quantitative Management LLC bought a new stake in Teleflex in the 4th quarter valued at $37,000. UMB Bank n.a. lifted its stake in Teleflex by 57.1% in the 4th quarter. UMB Bank n.a. now owns 311 shares of the medical technology company’s stock worth $38,000 after purchasing an additional 113 shares in the last quarter. Sound Income Strategies LLC purchased a new stake in Teleflex in the 4th quarter worth $45,000. Finally, Kestra Advisory Services LLC bought a new position in shares of Teleflex during the 4th quarter valued at about $45,000. Hedge funds and other institutional investors own 95.62% of the company’s stock.

Analyst Ratings Changes

A number of research analysts have recently weighed in on the company. Wall Street Zen lowered Teleflex from a “hold” rating to a “sell” rating in a research report on Saturday, August 1st. BMO Capital Markets started coverage on Teleflex in a research report on Wednesday, July 8th. They issued an “outperform” rating and a $159.00 target price on the stock. Needham & Company LLC boosted their target price on Teleflex from $147.00 to $159.00 and gave the stock a “buy” rating in a research report on Friday, July 31st. Zacks Research raised Teleflex from a “strong sell” rating to a “hold” rating in a research note on Tuesday, April 28th. Finally, Royal Bank Of Canada upgraded Teleflex from a “sector perform” rating to an “outperform” rating and raised their price target for the company from $135.00 to $155.00 in a report on Friday, May 8th. One equities research analyst has rated the stock with a Strong Buy rating, four have assigned a Buy rating, six have assigned a Hold rating and one has given a Sell rating to the stock. According to MarketBeat, Teleflex presently has an average rating of “Hold” and a consensus target price of $148.90.

Teleflex Stock Down 2.1%

Shares of NYSE TFX opened at $137.18 on Thursday. Teleflex Incorporated has a 1 year low of $100.18 and a 1 year high of $144.19. The firm has a 50-day simple moving average of $131.41 and a two-hundred day simple moving average of $122.20. The company has a market cap of $6.07 billion, a P/E ratio of -6.02, a PEG ratio of 1.04 and a beta of 0.81. The company has a debt-to-equity ratio of 0.82, a current ratio of 2.55 and a quick ratio of 2.03.

Teleflex (NYSE:TFX) last released its earnings results on Thursday, May 7th. The medical technology company reported $1.39 EPS for the quarter, beating analysts’ consensus estimates of $1.21 by $0.18. Teleflex had a positive return on equity of 13.29% and a negative net margin of 35.88%.The firm had revenue of $548.30 million for the quarter, compared to analysts’ expectations of $536.91 million. During the same quarter in the prior year, the firm posted $1.44 earnings per share. The company’s quarterly revenue was up 32.3% on a year-over-year basis. Research analysts anticipate that Teleflex Incorporated will post 6.7 earnings per share for the current year.

Teleflex Announces Dividend

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