18,523 Shares in Teleflex Incorporated (NYSE:TFX) Bought by Proficio Capital Partners LLC

Proficio Capital Partners LLC bought a new position in shares of Teleflex Incorporated (NYSE:TFX) in the fourth quarter, according to the company in its most recent Form 13F filing with the SEC. The fund bought 18,523 shares of the medical technology company’s stock, valued at approximately $3,297,000.

A number of other hedge funds also recently bought and sold shares of the company. Janus Henderson Group PLC lifted its position in shares of Teleflex by 2.8% during the 3rd quarter. Janus Henderson Group PLC now owns 5,376,452 shares of the medical technology company’s stock worth $1,329,704,000 after purchasing an additional 147,147 shares during the last quarter. State Street Corp lifted its holdings in shares of Teleflex by 1.0% during the third quarter. State Street Corp now owns 2,057,080 shares of the medical technology company’s stock worth $508,757,000 after buying an additional 21,291 shares during the last quarter. Geode Capital Management LLC boosted its position in shares of Teleflex by 0.5% in the third quarter. Geode Capital Management LLC now owns 1,130,560 shares of the medical technology company’s stock valued at $278,676,000 after acquiring an additional 5,746 shares during the period. Massachusetts Financial Services Co. MA grew its stake in shares of Teleflex by 0.4% in the third quarter. Massachusetts Financial Services Co. MA now owns 427,579 shares of the medical technology company’s stock worth $105,749,000 after acquiring an additional 1,884 shares during the last quarter. Finally, Point72 Asset Management L.P. increased its position in Teleflex by 31.2% during the third quarter. Point72 Asset Management L.P. now owns 407,442 shares of the medical technology company’s stock worth $100,768,000 after acquiring an additional 96,958 shares during the period. 95.62% of the stock is currently owned by institutional investors.

Analyst Ratings Changes

A number of brokerages have weighed in on TFX. Bank of America downgraded shares of Teleflex from a “neutral” rating to an “underperform” rating and reduced their price target for the company from $235.00 to $140.00 in a report on Tuesday. StockNews.com downgraded Teleflex from a “buy” rating to a “hold” rating in a research report on Friday, February 28th. Citizens Jmp cut Teleflex from an “outperform” rating to a “market perform” rating in a report on Thursday, February 27th. Needham & Company LLC reissued a “hold” rating on shares of Teleflex in a report on Monday, December 16th. Finally, Wells Fargo & Company cut their target price on Teleflex from $214.00 to $146.00 and set an “equal weight” rating for the company in a research note on Friday, February 28th. One research analyst has rated the stock with a sell rating, nine have given a hold rating and one has given a buy rating to the stock. Based on data from MarketBeat.com, the stock presently has a consensus rating of “Hold” and a consensus target price of $181.43.

Teleflex Price Performance

Teleflex stock opened at $130.87 on Wednesday. The business has a 50 day simple moving average of $173.65 and a 200 day simple moving average of $203.17. Teleflex Incorporated has a one year low of $128.55 and a one year high of $249.90. The company has a market capitalization of $6.08 billion, a PE ratio of 26.02, a price-to-earnings-growth ratio of 1.73 and a beta of 1.16. The company has a debt-to-equity ratio of 0.37, a current ratio of 2.42 and a quick ratio of 1.39.

Teleflex (NYSE:TFX) last issued its earnings results on Thursday, February 27th. The medical technology company reported $3.89 EPS for the quarter, beating the consensus estimate of $3.86 by $0.03. The company had revenue of $795.40 million for the quarter, compared to the consensus estimate of $813.24 million. Teleflex had a net margin of 7.85% and a return on equity of 14.19%. On average, sell-side analysts forecast that Teleflex Incorporated will post 13.98 EPS for the current fiscal year.

Teleflex Announces Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Monday, March 17th. Stockholders of record on Friday, March 7th will be issued a dividend of $0.34 per share. This represents a $1.36 annualized dividend and a dividend yield of 1.04%. The ex-dividend date is Friday, March 7th. Teleflex’s payout ratio is 95.77%.

Teleflex Profile

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.