Cwm LLC Grows Stock Holdings in Teleflex Incorporated $TFX

Cwm LLC lifted its holdings in Teleflex Incorporated (NYSE:TFX) by 506.9% during the third quarter, Holdings Channel reports. The fund owned 72,248 shares of the medical technology company’s stock after buying an additional 60,344 shares during the quarter. Cwm LLC’s holdings in Teleflex were worth $8,840,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

A number of other institutional investors and hedge funds also recently added to or reduced their stakes in TFX. Hunter Perkins Capital Management LLC purchased a new position in shares of Teleflex during the 3rd quarter valued at about $501,000. Net Worth Advisory Group raised its position in Teleflex by 35.0% during the third quarter. Net Worth Advisory Group now owns 2,579 shares of the medical technology company’s stock valued at $316,000 after acquiring an additional 669 shares in the last quarter. Farther Finance Advisors LLC raised its position in Teleflex by 151.9% during the third quarter. Farther Finance Advisors LLC now owns 408 shares of the medical technology company’s stock valued at $50,000 after acquiring an additional 246 shares in the last quarter. Parcion Private Wealth LLC acquired a new position in Teleflex in the third quarter valued at approximately $283,000. Finally, Brighton Jones LLC purchased a new stake in Teleflex in the 3rd quarter worth approximately $992,000. 95.62% of the stock is currently owned by institutional investors and hedge funds.

Analyst Upgrades and Downgrades

Several equities analysts have recently weighed in on TFX shares. Weiss Ratings reaffirmed a “sell (d)” rating on shares of Teleflex in a report on Monday, December 22nd. Wells Fargo & Company lifted their price objective on shares of Teleflex from $114.00 to $139.00 and gave the company an “equal weight” rating in a report on Wednesday, December 10th. Royal Bank Of Canada reissued a “sector perform” rating and set a $135.00 target price on shares of Teleflex in a research note on Wednesday, December 17th. Truist Financial raised their target price on Teleflex from $120.00 to $135.00 and gave the company a “hold” rating in a research report on Thursday, December 18th. Finally, Zacks Research cut Teleflex from a “strong-buy” rating to a “hold” rating in a report on Tuesday, September 30th. One equities research analyst has rated the stock with a Buy rating, nine have assigned a Hold rating and two have assigned a Sell rating to the stock. Based on data from MarketBeat.com, the company currently has a consensus rating of “Reduce” and an average target price of $142.43.

Teleflex Stock Down 0.0%

TFX opened at $122.70 on Tuesday. The company has a market cap of $5.42 billion, a PE ratio of -16.69, a price-to-earnings-growth ratio of 1.46 and a beta of 0.95. Teleflex Incorporated has a twelve month low of $102.58 and a twelve month high of $185.94. The company has a 50-day moving average price of $119.92 and a 200 day moving average price of $121.01. The company has a quick ratio of 1.53, a current ratio of 2.57 and a debt-to-equity ratio of 0.67.

Teleflex (NYSE:TFX) last posted its quarterly earnings data on Thursday, November 6th. The medical technology company reported $3.67 EPS for the quarter, topping the consensus estimate of $3.38 by $0.29. Teleflex had a positive return on equity of 15.64% and a negative net margin of 10.28%.The company had revenue of $892.90 million during the quarter, compared to analyst estimates of $892.79 million. During the same period in the previous year, the business earned $3.49 EPS. Teleflex’s quarterly revenue was up 19.4% on a year-over-year basis. Teleflex has set its FY 2025 guidance at 14.000-14.200 EPS. Sell-side analysts expect that Teleflex Incorporated will post 13.98 earnings per share for the current fiscal year.

Teleflex Dividend Announcement

The company also recently disclosed a quarterly dividend, which was paid on Monday, December 15th. Investors of record on Friday, November 14th were paid a $0.34 dividend. This represents a $1.36 annualized dividend and a yield of 1.1%. The ex-dividend date of this dividend was Friday, November 14th. Teleflex’s dividend payout ratio is currently -18.50%.

About Teleflex

Teleflex Incorporated is a diversified global provider of medical technologies, specializing in critical care and surgery. Headquartered in Wayne, Pennsylvania, the company designs, manufactures and distributes devices and solutions used by healthcare professionals in hospital, ambulatory and alternate site settings. Teleflex focuses on delivering products that support complex interventional procedures and improve patient outcomes.

The company’s offerings span several key segments, including Interventional Urology, Respiratory & Anesthesia, Surgical, Cardiac Care, Vascular and Original Equipment Manufacturer (OEM) solutions.