Teleflex Incorporated (NYSE:TFX) has been assigned an average rating of “Hold” from the twelve analysts that are presently covering the firm, Marketbeat.com reports. One equities research analyst has rated the stock with a sell recommendation, five have assigned a hold recommendation and six have issued a buy recommendation on the company. The average 1 year target price among analysts that have issued ratings on the stock in the last year is $275.63.

TFX has been the topic of several recent research reports. Zacks Investment Research raised shares of Teleflex from a “hold” rating to a “buy” rating and set a $261.00 price objective on the stock in a research report on Tuesday, September 12th. Barclays reaffirmed an “overweight” rating and set a $253.00 price objective (up previously from $230.00) on shares of Teleflex in a research report on Tuesday, September 12th. Jefferies Group reaffirmed a “buy” rating and set a $253.00 price objective (up previously from $230.00) on shares of Teleflex in a research report on Wednesday, August 9th. Deutsche Bank reaffirmed a “buy” rating and set a $251.00 price objective (up previously from $238.00) on shares of Teleflex in a research report on Monday, September 18th. Finally, Stephens reissued a “buy” rating and issued a $270.00 price target (up previously from $230.00) on shares of Teleflex in a research report on Monday, September 25th.

In other news, Director Stephen K. M.D. Klasko sold 200 shares of the firm’s stock in a transaction on Friday, December 1st. The shares were sold at an average price of $265.32, for a total value of $53,064.00. Following the sale, the director now owns 8,080 shares in the company, valued at $2,143,785.60. The sale was disclosed in a filing with the SEC, which is available at this hyperlink. Also, CEO Benson Smith sold 2,000 shares of the firm’s stock in a transaction on Monday, December 4th. The stock was sold at an average price of $258.10, for a total transaction of $516,200.00. Following the completion of the sale, the chief executive officer now owns 76,634 shares in the company, valued at approximately $19,779,235.40. The disclosure for this sale can be found here. In the last three months, insiders sold 2,600 shares of company stock worth $665,076. Insiders own 2.39% of the company’s stock.

Several institutional investors have recently made changes to their positions in the company. Neuberger Berman Group LLC grew its stake in shares of Teleflex by 0.5% in the second quarter. Neuberger Berman Group LLC now owns 5,708 shares of the medical technology company’s stock worth $1,186,000 after acquiring an additional 28 shares during the last quarter. Stifel Financial Corp grew its stake in shares of Teleflex by 0.6% in the second quarter. Stifel Financial Corp now owns 5,399 shares of the medical technology company’s stock worth $1,121,000 after acquiring an additional 31 shares during the last quarter. Toronto Dominion Bank grew its stake in shares of Teleflex by 14.5% in the second quarter. Toronto Dominion Bank now owns 552 shares of the medical technology company’s stock worth $115,000 after acquiring an additional 70 shares during the last quarter. World Asset Management Inc grew its stake in shares of Teleflex by 3.6% in the second quarter. World Asset Management Inc now owns 2,942 shares of the medical technology company’s stock worth $611,000 after acquiring an additional 101 shares during the last quarter. Finally, Chartwell Investment Partners LLC grew its stake in shares of Teleflex by 2.8% in the second quarter. Chartwell Investment Partners LLC now owns 5,240 shares of the medical technology company’s stock worth $1,089,000 after acquiring an additional 145 shares during the last quarter. Institutional investors and hedge funds own 89.31% of the company’s stock.

Teleflex (NYSE TFX) opened at $250.10 on Thursday. The firm has a market cap of $11,396.56, a P/E ratio of 31.27, a P/E/G ratio of 2.16 and a beta of 1.09. The company has a current ratio of 4.72, a quick ratio of 3.70 and a debt-to-equity ratio of 0.88. Teleflex has a 52-week low of $151.22 and a 52-week high of $271.23.

Teleflex (NYSE:TFX) last issued its quarterly earnings data on Thursday, November 2nd. The medical technology company reported $2.12 earnings per share for the quarter, beating the consensus estimate of $2.01 by $0.11. The firm had revenue of $534.70 million for the quarter, compared to analyst estimates of $522.94 million. Teleflex had a net margin of 12.41% and a return on equity of 16.27%. The company’s revenue for the quarter was up 17.3% on a year-over-year basis. During the same quarter last year, the firm earned $1.80 earnings per share. equities analysts expect that Teleflex will post 8.35 EPS for the current year.

The company also recently declared a quarterly dividend, which will be paid on Friday, December 15th. Stockholders of record on Wednesday, November 15th will be given a $0.34 dividend. This represents a $1.36 dividend on an annualized basis and a dividend yield of 0.54%. The ex-dividend date of this dividend is Tuesday, November 14th. Teleflex’s dividend payout ratio is 24.82%.

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About Teleflex

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).

Analyst Recommendations for Teleflex (NYSE:TFX)

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