Man Group plc Purchases Shares of 13,297 Teleflex Incorporated $TFX

Man Group plc acquired a new position in shares of Teleflex Incorporated (NYSE:TFX) in the second quarter, HoldingsChannel.com reports. The firm acquired 13,297 shares of the medical technology company’s stock, valued at approximately $1,686,000.

Several other large investors also recently modified their holdings of the stock. Empowered Funds LLC lifted its stake in shares of Teleflex by 15.8% during the 1st quarter. Empowered Funds LLC now owns 1,684 shares of the medical technology company’s stock worth $233,000 after buying an additional 230 shares during the last quarter. Jane Street Group LLC grew its stake in Teleflex by 42.6% in the 1st quarter. Jane Street Group LLC now owns 6,343 shares of the medical technology company’s stock valued at $877,000 after buying an additional 1,895 shares during the last quarter. American Century Companies Inc. grew its stake in Teleflex by 32.7% in the 2nd quarter. American Century Companies Inc. now owns 13,640 shares of the medical technology company’s stock valued at $1,614,000 after buying an additional 3,360 shares during the last quarter. Invesco Ltd. raised its holdings in Teleflex by 1.2% in the 2nd quarter. Invesco Ltd. now owns 135,516 shares of the medical technology company’s stock valued at $16,040,000 after acquiring an additional 1,659 shares during the period. Finally, EverSource Wealth Advisors LLC raised its holdings in Teleflex by 108.1% in the 2nd quarter. EverSource Wealth Advisors LLC now owns 1,003 shares of the medical technology company’s stock valued at $119,000 after acquiring an additional 521 shares during the period. 95.62% of the stock is owned by institutional investors.

Analysts Set New Price Targets

TFX has been the subject of a number of research analyst reports. UBS Group boosted their price objective on Teleflex from $145.00 to $158.00 and gave the stock a “neutral” rating in a report on Tuesday, August 11th. Raymond James Financial reissued an “outperform” rating and set a $150.00 price target on shares of Teleflex in a report on Friday, May 8th. Wells Fargo & Company boosted their price target on Teleflex from $130.00 to $138.00 and gave the company an “equal weight” rating in a research note on Friday, May 8th. BMO Capital Markets started coverage on Teleflex in a report on Wednesday, July 8th. They issued an “outperform” rating and a $159.00 price objective on the stock. Finally, Wall Street Zen upgraded Teleflex from a “sell” rating to a “hold” rating in a research report on Sunday, August 9th. One equities research analyst has rated the stock with a Strong Buy rating, four have given a Buy rating, six have given a Hold rating and one has given a Sell rating to the stock. According to MarketBeat, the company currently has a consensus rating of “Hold” and an average price target of $152.90.

Teleflex Stock Performance

Shares of NYSE:TFX opened at $140.59 on Wednesday. The company’s 50 day moving average price is $134.59 and its two-hundred day moving average price is $126.54. Teleflex Incorporated has a 12-month low of $100.18 and a 12-month high of $145.00. The firm has a market cap of $5.96 billion, a PE ratio of -6.04, a PEG ratio of 0.95 and a beta of 0.82. The company has a quick ratio of 2.12, a current ratio of 2.60 and a debt-to-equity ratio of 0.94.

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

Teleflex Dividend Announcement

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

Teleflex 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.