Stephen K. M.D. Klasko Sells 200 Shares of Teleflex Incorporated (TFX) Stock

Teleflex Incorporated (NYSE:TFX) Director Stephen K. M.D. Klasko sold 200 shares of the firm’s stock in a transaction that occurred on Thursday, February 1st. The stock was sold at an average price of $276.44, for a total transaction of $55,288.00. Following the sale, the director now owns 8,080 shares in the company, valued at approximately $2,233,635.20. The transaction was disclosed in a document filed with the SEC, which is available at the SEC website.

Teleflex Incorporated (NYSE TFX) traded down $6.32 during trading on Friday, hitting $272.36. 194,501 shares of the stock traded hands, compared to its average volume of 265,123. The company has a market capitalization of $12,270.00, a PE ratio of 49.16, a P/E/G ratio of 2.05 and a beta of 1.15. The company has a debt-to-equity ratio of 0.88, a quick ratio of 3.70 and a current ratio of 4.72. Teleflex Incorporated has a 52-week low of $165.95 and a 52-week high of $288.78.

Teleflex (NYSE:TFX) last released its quarterly earnings data on Thursday, November 2nd. The medical technology company reported $2.12 earnings per share (EPS) for the quarter, beating the consensus estimate of $2.01 by $0.11. Teleflex had a net margin of 12.41% and a return on equity of 16.27%. The firm had revenue of $534.70 million for the quarter, compared to analysts’ expectations of $522.94 million. During the same quarter last year, the business posted $1.80 earnings per share. The company’s revenue for the quarter was up 17.3% compared to the same quarter last year. sell-side analysts expect that Teleflex Incorporated will post 8.36 earnings per share for the current fiscal year.

Hedge funds have recently bought and sold shares of the stock. Toronto Dominion Bank grew its holdings 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 valued at $115,000 after purchasing an additional 70 shares in the last quarter. Advisory Services Network LLC grew its holdings in shares of Teleflex by 933.8% in the second 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. Cornerstone Capital Management Holdings LLC. purchased a new position in shares of Teleflex in the second quarter valued at $175,000. Archford Capital Strategies LLC grew its holdings in shares of Teleflex by 29,025.0% in the second quarter. Archford Capital Strategies LLC now owns 1,165 shares of the medical technology company’s stock valued at $217,000 after purchasing an additional 1,161 shares in the last quarter. Finally, Coldstream Capital Management Inc. purchased a new position in shares of Teleflex in the third quarter valued at $226,000. 88.85% of the stock is owned by hedge funds and other institutional investors.

TFX has been the topic of several recent analyst reports. Morgan Stanley lifted their price objective on shares of Teleflex from $274.00 to $290.00 and gave the company an “equal weight” rating in a research report on Friday, November 3rd. Jefferies Group lifted their price objective on shares of Teleflex from $270.00 to $295.00 and gave the company a “buy” rating in a research report on Friday, November 3rd. Deutsche Bank cut shares of Teleflex from a “buy” rating to a “hold” rating and set a $251.00 price objective on the stock. in a research report on Tuesday, November 14th. Leerink Swann reiterated a “buy” rating and set a $321.00 price objective (up previously from $307.00) on shares of Teleflex in a research report on Tuesday. Finally, Stephens reiterated a “buy” rating and set a $300.00 price objective on shares of Teleflex in a research report on Thursday, January 18th. One investment analyst has rated the stock with a sell rating, five have issued a hold rating and six have issued a buy rating to the company. The stock presently has a consensus rating of “Hold” and a consensus target price of $283.89.

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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).

Insider Buying and Selling by Quarter for Teleflex (NYSE:TFX)

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