Perceptive Advisors LLC grew its stake in Teleflex Incorporated (NYSE:TFX) by 128.1% in the fourth quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 125,900 shares of the medical technology company’s stock after buying an additional 70,700 shares during the period. Teleflex makes up about 1.0% of Perceptive Advisors LLC’s holdings, making the stock its 23rd biggest holding. Perceptive Advisors LLC owned 0.28% of Teleflex worth $31,326,000 as of its most recent filing with the Securities and Exchange Commission (SEC).
Other hedge funds also recently added to or reduced their stakes in the company. Aristotle Atlantic Partners LLC purchased a new position in Teleflex in the 4th quarter worth approximately $202,000. Quantitative Systematic Strategies LLC purchased a new stake in shares of Teleflex in the 4th quarter worth about $228,000. Checchi Capital Advisers LLC purchased a new stake in Teleflex during the 4th quarter valued at about $230,000. Coldstream Capital Management Inc. purchased a new stake in Teleflex during the 3rd quarter valued at about $226,000. Finally, Lourd Capital LLC purchased a new stake in Teleflex during the 4th quarter valued at about $266,000. 90.75% of the stock is owned by institutional investors and hedge funds.
Shares of Teleflex Incorporated (TFX) opened at $269.26 on Monday. The company has a debt-to-equity ratio of 0.89, a quick ratio of 1.51 and a current ratio of 2.33. The company has a market cap of $12,129.97, a PE ratio of 32.06, a P/E/G ratio of 1.99 and a beta of 1.22. Teleflex Incorporated has a 1 year low of $191.04 and a 1 year high of $288.78.
The business also recently declared a quarterly dividend, which will be paid on Thursday, March 15th. Stockholders of record on Friday, March 2nd will be issued a dividend of $0.34 per share. This represents a $1.36 dividend on an annualized basis and a dividend yield of 0.51%. The ex-dividend date is Thursday, March 1st. Teleflex’s payout ratio is presently 41.59%.
Several analysts recently commented on TFX shares. Leerink Swann reissued a “buy” rating and set a $321.00 price objective (up from $307.00) on shares of Teleflex in a research report on Tuesday, January 30th. Stephens reissued a “buy” rating and set a $300.00 price objective on shares of Teleflex in a research report on Thursday, January 18th. ValuEngine downgraded shares of Teleflex from a “buy” rating to a “hold” rating in a research report on Friday, December 1st. Finally, Deutsche Bank downgraded 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. One research analyst has rated the stock with a sell rating, five have issued a hold rating and six have assigned a buy rating to the company. The company presently has an average rating of “Hold” and an average price target of $281.56.
In other news, Director George Babich, Jr. sold 2,500 shares of the firm’s stock in a transaction dated Tuesday, January 16th. The shares were sold at an average price of $263.38, for a total transaction of $658,450.00. Following the sale, the director now owns 10,583 shares of the company’s stock, valued at approximately $2,787,350.54. The sale was disclosed in a legal filing with the SEC, which is accessible through this hyperlink. Also, Director Stephen K. M.D. Klasko sold 200 shares of the firm’s stock in a transaction dated Thursday, February 1st. The shares were sold at an average price of $276.44, for a total transaction of $55,288.00. Following the sale, the director now directly owns 8,080 shares in the company, valued at approximately $2,233,635.20. The disclosure for this sale can be found here. In the last ninety days, insiders have sold 11,759 shares of company stock worth $3,089,211. Insiders own 2.39% of the company’s stock.
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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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