Teleflex Incorporated (NYSE:TFX) Shares Bought by Centiva Capital LP

Centiva Capital LP grew its holdings in shares of Teleflex Incorporated (NYSE:TFX) by 15.7% in the third quarter, HoldingsChannel reports. The fund owned 4,678 shares of the medical technology company’s stock after buying an additional 634 shares during the period. Centiva Capital LP’s holdings in Teleflex were worth $1,157,000 as of its most recent filing with the SEC.

Other institutional investors also recently added to or reduced their stakes in the company. Cromwell Holdings LLC boosted its position in Teleflex by 59.0% during the 3rd quarter. Cromwell Holdings LLC now owns 132 shares of the medical technology company’s stock worth $33,000 after acquiring an additional 49 shares during the period. Avior Wealth Management LLC boosted its position in Teleflex by 190.6% during the 3rd quarter. Avior Wealth Management LLC now owns 154 shares of the medical technology company’s stock worth $38,000 after acquiring an additional 101 shares during the period. Ashton Thomas Securities LLC acquired a new position in Teleflex during the 3rd quarter worth $40,000. True Wealth Design LLC boosted its position in Teleflex by 16,600.0% during the 3rd quarter. True Wealth Design LLC now owns 167 shares of the medical technology company’s stock worth $41,000 after acquiring an additional 166 shares during the period. Finally, GAMMA Investing LLC boosted its position in Teleflex by 131.1% during the 3rd quarter. GAMMA Investing LLC now owns 171 shares of the medical technology company’s stock worth $42,000 after acquiring an additional 97 shares during the period. Institutional investors and hedge funds own 95.62% of the company’s stock.

Analysts Set New Price Targets

TFX has been the subject of several research analyst reports. Needham & Company LLC restated a “hold” rating on shares of Teleflex in a report on Friday, November 1st. StockNews.com upgraded Teleflex from a “hold” rating to a “buy” rating in a report on Thursday, November 28th. Royal Bank of Canada cut their price objective on Teleflex from $275.00 to $245.00 and set an “outperform” rating for the company in a report on Friday, November 1st. Truist Financial restated a “hold” rating and issued a $227.00 price objective (down previously from $255.00) on shares of Teleflex in a report on Monday, November 4th. Finally, Mizuho cut their price objective on Teleflex from $275.00 to $250.00 and set a “neutral” rating for the company in a report on Friday, November 1st. Three research analysts have rated the stock with a hold rating and six have assigned a buy rating to the company. According to data from MarketBeat, the stock presently has an average rating of “Moderate Buy” and a consensus target price of $259.00.

Teleflex Stock Down 0.4 %

Shares of Teleflex stock opened at $187.33 on Thursday. The stock’s fifty day moving average is $216.58 and its 200-day moving average is $221.81. The firm has a market capitalization of $8.70 billion, a PE ratio of 37.24, a price-to-earnings-growth ratio of 1.99 and a beta of 1.16. The company has a quick ratio of 1.39, a current ratio of 2.42 and a debt-to-equity ratio of 0.37. Teleflex Incorporated has a 12-month low of $185.27 and a 12-month high of $257.85.

Teleflex (NYSE:TFX) last posted its quarterly earnings results on Thursday, October 31st. The medical technology company reported $3.49 earnings per share for the quarter, beating the consensus estimate of $3.38 by $0.11. The firm had revenue of $764.40 million for the quarter, compared to analyst estimates of $768.68 million. Teleflex had a return on equity of 14.19% and a net margin of 7.85%. Teleflex’s quarterly revenue was up 2.4% on a year-over-year basis. During the same period in the previous year, the firm earned $3.64 earnings per share. Equities analysts anticipate that Teleflex Incorporated will post 13.98 earnings per share for the current year.

Teleflex Announces Dividend

The firm also recently declared a quarterly dividend, which will be paid on Monday, December 16th. Investors of record on Friday, November 15th will be given a dividend of $0.34 per share. This represents a $1.36 annualized dividend and a yield of 0.73%. The ex-dividend date of this dividend is Friday, November 15th. Teleflex’s payout ratio is 27.04%.

About Teleflex

Teleflex Incorporated designs, develops, manufactures, and supplies single-use medical devices for common diagnostic and therapeutic procedures in critical care and surgical applications worldwide. The company provides vascular access products that comprise Arrow branded catheters, catheter navigation and tip positioning systems, and intraosseous access systems for the administration of intravenous therapies, the measurement of blood pressure, and the withdrawal of blood samples through a single puncture site.