California Public Employees Retirement System Has $6.79 Million Stock Holdings in Teleflex Incorporated $TFX

California Public Employees Retirement System cut its stake in shares of Teleflex Incorporated (NYSE:TFX) by 30.6% in the first quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 56,778 shares of the medical technology company’s stock after selling 24,984 shares during the period. California Public Employees Retirement System’s holdings in Teleflex were worth $6,791,000 as of its most recent SEC filing.

Other institutional investors and hedge funds have also added to or reduced their stakes in the company. Banque Cantonale Vaudoise increased its stake in shares of Teleflex by 82.5% in the 4th 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 bought a new position in Teleflex during the 4th quarter worth approximately $37,000. UMB Bank n.a. grew its holdings in Teleflex by 57.1% during the fourth 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 period. Sound Income Strategies LLC acquired a new position in Teleflex during the fourth quarter valued at approximately $45,000. Finally, Kestra Advisory Services LLC bought a new stake in Teleflex in the fourth quarter valued at approximately $45,000. Institutional investors own 95.62% of the company’s stock.

Analyst Upgrades and Downgrades

A number of equities analysts have recently weighed in on the stock. Royal Bank Of Canada raised shares of Teleflex from a “sector perform” rating to an “outperform” rating and lifted their price target for the stock from $135.00 to $155.00 in a research report on Friday, May 8th. Wall Street Zen upgraded shares of Teleflex from a “sell” rating to a “hold” rating in a research report on Saturday, June 27th. Piper Sandler upgraded Teleflex from a “neutral” rating to an “overweight” rating and lifted their target price for the stock from $140.00 to $160.00 in a report on Monday, June 8th. Bank of America raised Teleflex from an “underperform” rating to a “neutral” rating and set a $135.00 target price for the company in a research note on Monday, April 13th. Finally, Raymond James Financial restated an “outperform” rating and issued a $150.00 price target on shares of Teleflex in a report on Friday, May 8th. One analyst has rated the stock with a Strong Buy rating, four have given a Buy rating, five have given a Hold rating and one has issued a Sell rating to the company’s stock. According to data from MarketBeat.com, the company has an average rating of “Hold” and a consensus price target of $148.00.

Teleflex Trading Down 0.2%

Teleflex stock opened at $131.86 on Monday. Teleflex Incorporated has a 52 week low of $100.18 and a 52 week high of $139.67. 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 stock has a market capitalization of $5.84 billion, a P/E ratio of -5.78, a PEG ratio of 0.98 and a beta of 0.82. The stock has a 50-day simple moving average of $130.85 and a 200 day simple moving average of $120.85.

Teleflex (NYSE:TFX) last posted 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. The business had revenue of $548.30 million for the quarter, compared to analysts’ expectations of $536.91 million. Teleflex had a positive return on equity of 13.29% and a negative net margin of 35.88%.The firm’s revenue for the quarter was up 32.3% on a year-over-year basis. During the same quarter in the prior year, the business earned $1.44 EPS. Teleflex has set its FY 2026 guidance at 6.250-6.550 EPS. Analysts expect that Teleflex Incorporated will post 6.7 earnings per share for the current year.

Teleflex Dividend Announcement

The company also recently disclosed a quarterly dividend, which was paid on Tuesday, June 30th. Shareholders of record on Monday, May 25th were given a dividend of $0.34 per share. The ex-dividend date was Friday, May 22nd. This represents a $1.36 annualized dividend and a yield of 1.0%. 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.