Louisiana State Employees Retirement System Buys Shares of 19,600 Teleflex Incorporated $TFX

Louisiana State Employees Retirement System purchased a new position in shares of Teleflex Incorporated (NYSE:TFX) in the 1st quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm purchased 19,600 shares of the medical technology company’s stock, valued at approximately $2,344,000.

A number of other institutional investors also recently made changes to their positions in the stock. Banque Cantonale Vaudoise boosted its stake in shares of Teleflex by 82.5% during the fourth quarter. Banque Cantonale Vaudoise now owns 250 shares of the medical technology company’s stock valued at $31,000 after acquiring an additional 113 shares during the last quarter. V Square Quantitative Management LLC purchased a new stake in Teleflex during the 4th quarter worth about $37,000. UMB Bank n.a. raised its stake in Teleflex by 57.1% in the 4th quarter. UMB Bank n.a. now owns 311 shares of the medical technology company’s stock valued at $38,000 after purchasing an additional 113 shares during the last quarter. Sound Income Strategies LLC purchased a new position in Teleflex in the 4th quarter valued at about $45,000. Finally, Kestra Advisory Services LLC purchased a new position in Teleflex in the 4th quarter valued at about $45,000. 95.62% of the stock is owned by institutional investors and hedge funds.

Wall Street Analysts Forecast Growth

Several equities research analysts have issued reports on TFX shares. Royal Bank Of Canada raised shares of Teleflex from a “sector perform” rating to an “outperform” rating and raised their price target for the stock from $135.00 to $155.00 in a research note on Friday, May 8th. Wells Fargo & Company upped their price objective on shares of Teleflex from $130.00 to $138.00 and gave the company an “equal weight” rating in a research note on Friday, May 8th. Zacks Research upgraded shares of Teleflex from a “strong sell” rating to a “hold” rating in a research report on Tuesday, April 28th. Raymond James Financial reaffirmed an “outperform” rating and issued a $150.00 target price on shares of Teleflex in a research note on Friday, May 8th. Finally, Bank of America upgraded Teleflex from an “underperform” rating to a “neutral” rating and set a $135.00 price target for the company in a report on Monday, April 13th. Four analysts have rated the stock with a Buy rating, five have given a Hold rating and one has issued a Sell rating to the stock. Based on data from MarketBeat, the stock presently has a consensus rating of “Hold” and an average target price of $146.00.

Teleflex Stock Performance

Shares of TFX stock opened at $127.84 on Tuesday. The company has a debt-to-equity ratio of 0.82, a quick ratio of 2.03 and a current ratio of 2.55. The firm has a market capitalization of $5.66 billion, a price-to-earnings ratio of -5.61, a price-to-earnings-growth ratio of 0.97 and a beta of 0.82. Teleflex Incorporated has a one year low of $100.18 and a one year high of $139.67. The company has a 50 day moving average price of $129.99 and a 200 day moving average price of $119.64.

Teleflex (NYSE:TFX) last announced its quarterly earnings results on Thursday, May 7th. The medical technology company reported $1.39 earnings per share for the quarter, beating analysts’ consensus estimates of $1.21 by $0.18. Teleflex had a negative net margin of 35.88% and a positive return on equity of 13.29%. The company had revenue of $548.30 million for the quarter, compared to analyst estimates of $536.91 million. During the same quarter last year, the business earned $1.44 EPS. Teleflex’s revenue for the quarter was up 32.3% on a year-over-year basis. Teleflex has set its FY 2026 guidance at 6.250-6.550 EPS. Sell-side analysts anticipate that Teleflex Incorporated will post 6.7 EPS for the current year.

Teleflex Announces Dividend

The company also recently announced a quarterly dividend, which will be paid on Tuesday, June 30th. Investors of record on Monday, May 25th will be issued a $0.34 dividend. The ex-dividend date is Friday, May 22nd. This represents a $1.36 dividend on an annualized basis and a yield of 1.1%. Teleflex’s dividend payout ratio (DPR) is presently -5.96%.

Teleflex Profile

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.