HPM Partners LLC purchased a new position in shares of Teleflex Incorporated (NYSE:TFX) in the 4th quarter, according to its most recent filing with the Securities & Exchange Commission. The fund purchased 7,380 shares of the medical technology company’s stock, valued at approximately $1,836,000.
Several other institutional investors and hedge funds have also recently modified their holdings of the stock. Guggenheim Capital LLC increased its position in shares of Teleflex by 73.5% during the fourth quarter. Guggenheim Capital LLC now owns 50,139 shares of the medical technology company’s stock worth $12,475,000 after purchasing an additional 21,237 shares in the last quarter. Deutsche Bank AG increased its position in shares of Teleflex by 27.0% during the fourth quarter. Deutsche Bank AG now owns 112,849 shares of the medical technology company’s stock worth $28,075,000 after purchasing an additional 24,008 shares in the last quarter. Jefferies Group LLC increased its position in shares of Teleflex by 326.4% during the fourth quarter. Jefferies Group LLC now owns 4,443 shares of the medical technology company’s stock worth $1,106,000 after purchasing an additional 3,401 shares in the last quarter. Caxton Associates LP purchased a new stake in shares of Teleflex during the fourth quarter worth approximately $943,000. Finally, Granite Springs Asset Management LLC purchased a new stake in shares of Teleflex during the fourth quarter worth approximately $1,431,000. Hedge funds and other institutional investors own 90.75% of the company’s stock.
Teleflex Incorporated (NYSE:TFX) opened at $269.26 on Monday. Teleflex Incorporated has a 12 month low of $191.04 and a 12 month high of $288.78. The company has a market capitalization of $12,129.97, a price-to-earnings ratio of 32.06, a PEG ratio of 1.99 and a beta of 1.22. The company has a quick ratio of 1.51, a current ratio of 2.33 and a debt-to-equity ratio of 0.89.
The company also recently disclosed a quarterly dividend, which will be paid on Thursday, March 15th. Investors of record on Friday, March 2nd will be issued a $0.34 dividend. The ex-dividend date of this dividend is Thursday, March 1st. This represents a $1.36 annualized dividend and a dividend yield of 0.51%. Teleflex’s dividend payout ratio is presently 41.59%.
In related news, VP John Deren sold 1,359 shares of the business’s stock in a transaction on Wednesday, February 28th. The stock was sold at an average price of $255.67, for a total value of $347,455.53. The transaction was disclosed in a filing with the SEC, which is accessible through this link. Also, Director George Babich, Jr. sold 2,500 shares of the company’s stock in a transaction dated Tuesday, January 16th. The stock was sold at an average price of $263.38, for a total value of $658,450.00. Following the sale, the director now owns 10,583 shares in the company, valued at approximately $2,787,350.54. The disclosure for this sale can be found here. Insiders sold a total of 11,759 shares of company stock worth $3,089,211 in the last quarter. Company insiders own 2.39% of the company’s stock.
Several analysts recently commented on the company. ValuEngine cut Teleflex from a “buy” rating to a “hold” rating in a research report on Wednesday, March 7th. Leerink Swann lowered their price objective on Teleflex from $321.00 to $300.00 and set an “outperform” rating on the stock in a research note on Friday, February 23rd. Stephens reissued a “buy” rating and set a $300.00 price objective on shares of Teleflex in a research note on Thursday, January 18th. Finally, Deutsche Bank lowered Teleflex from a “buy” rating to a “hold” rating and set a $251.00 price objective on the stock. in a research note on Tuesday, November 14th. One analyst has rated the stock with a sell rating, five have assigned a hold rating and six have given a buy rating to the company. The company currently has a consensus rating of “Hold” and an average price target of $281.56.
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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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