Teleflex Incorporated (TFX) Director Sells $48,376.00 in Stock
Teleflex Incorporated (NYSE:TFX) Director Stephen K. M.D. Klasko sold 200 shares of the business’s stock in a transaction on Monday, October 2nd. The shares were sold at an average price of $241.88, for a total transaction of $48,376.00. Following the completion of the sale, the director now directly owns 8,080 shares in the company, valued at $1,954,390.40. The transaction was disclosed in a legal filing with the SEC, which is available at this link.
Shares of Teleflex Incorporated (NYSE:TFX) traded down 0.19% during midday trading on Tuesday, reaching $244.25. 227,639 shares of the company’s stock traded hands. The firm has a market cap of $11.00 billion, a PE ratio of 46.71 and a beta of 1.07. The company has a 50 day moving average of $225.61 and a 200 day moving average of $208.48. Teleflex Incorporated has a 52-week low of $136.53 and a 52-week high of $246.67.
Teleflex (NYSE:TFX) last announced its quarterly earnings data on Thursday, August 3rd. The medical technology company reported $2.04 EPS for the quarter, beating the Zacks’ consensus estimate of $1.91 by $0.13. The firm had revenue of $528.60 million during the quarter, compared to analysts’ expectations of $518.98 million. Teleflex had a return on equity of 16.12% and a net margin of 12.36%. The company’s revenue for the quarter was up 11.6% compared to the same quarter last year. During the same quarter last year, the firm posted $1.89 earnings per share. On average, equities analysts predict that Teleflex Incorporated will post $8.28 EPS for the current fiscal year.
The company also recently announced a quarterly dividend, which was paid on Friday, September 15th. Stockholders of record on Tuesday, August 15th were given a dividend of $0.34 per share. This represents a $1.36 dividend on an annualized basis and a dividend yield of 0.56%. The ex-dividend date of this dividend was Friday, August 11th. Teleflex’s payout ratio is 26.00%.
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Institutional investors and hedge funds have recently modified their holdings of the stock. Toronto Dominion Bank grew its position in Teleflex by 14.5% in the 2nd quarter. Toronto Dominion Bank now owns 552 shares of the medical technology company’s stock valued at $115,000 after purchasing an additional 70 shares during the period. Advisory Services Network LLC increased its stake in Teleflex by 933.8% during the 2nd quarter. Advisory Services Network LLC now owns 827 shares of the medical technology company’s stock valued at $172,000 after purchasing an additional 747 shares in the last quarter. OLD Mutual Customised Solutions Proprietary Ltd. increased its stake in Teleflex by 200.0% during the 1st quarter. OLD Mutual Customised Solutions Proprietary Ltd. now owns 900 shares of the medical technology company’s stock valued at $174,000 after purchasing an additional 600 shares in the last quarter. Cornerstone Capital Management Holdings LLC. bought a new stake in Teleflex during the 2nd quarter valued at $175,000. Finally, Campbell & CO Investment Adviser LLC bought a new stake in Teleflex during the 2nd quarter valued at $200,000. Institutional investors own 89.75% of the company’s stock.
A number of research firms have issued reports on TFX. Jefferies Group LLC reiterated a “buy” rating and set a $230.00 target price on shares of Teleflex in a report on Thursday, August 3rd. BidaskClub lowered Teleflex from a “hold” rating to a “sell” rating in a report on Tuesday, August 8th. Needham & Company LLC restated a “buy” rating on shares of Teleflex in a report on Friday, August 4th. Stephens restated a “buy” rating and issued a $270.00 price target (up from $230.00) on shares of Teleflex in a report on Monday, September 25th. Finally, Deutsche Bank AG reaffirmed a “buy” rating and set a $238.00 price objective (up from $220.00) on shares of Teleflex in a research report on Wednesday, August 9th. One investment analyst has rated the stock with a sell rating, one has issued a hold rating and eight have issued a buy rating to the stock. Teleflex currently has an average rating of “Buy” and an average target price of $260.75.
Teleflex Incorporated is a provider of medical technology products. The Company designs, develops, manufactures and supplies single-use medical devices used by hospitals and healthcare providers for diagnostic and therapeutic procedures in critical care and surgical applications. The Company operates through six segments: Vascular North America; Anesthesia North America; Surgical North America; Europe, the Middle East and Africa (EMEA); Asia, and Original Equipment Manufacturer (OEM).
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