Teleflex Incorporated $TFX Shares Purchased by Bessemer Group Inc.

Bessemer Group Inc. increased its holdings in Teleflex Incorporated (NYSE:TFX) by 30.5% in the 1st quarter, HoldingsChannel reports. The fund owned 47,798 shares of the medical technology company’s stock after purchasing an additional 11,180 shares during the quarter. Bessemer Group Inc.’s holdings in Teleflex were worth $5,718,000 at the end of the most recent quarter.

Several other hedge funds also recently added to or reduced their stakes in the business. Hsbc Holdings PLC increased its stake in Teleflex by 4.7% during the first quarter. Hsbc Holdings PLC now owns 1,861 shares of the medical technology company’s stock worth $222,000 after acquiring an additional 84 shares during the last quarter. Banque Cantonale Vaudoise lifted 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 purchasing an additional 113 shares during the last quarter. Hantz Financial Services Inc. grew its holdings in shares of Teleflex by 40.5% during the 4th quarter. Hantz Financial Services Inc. now owns 392 shares of the medical technology company’s stock worth $48,000 after purchasing an additional 113 shares during the period. UMB Bank n.a. grew its holdings in shares of Teleflex by 57.1% during the 4th quarter. UMB Bank n.a. now owns 311 shares of the medical technology company’s stock worth $38,000 after purchasing an additional 113 shares during the period. Finally, Maryland State Retirement & Pension System increased its position in shares of Teleflex by 1.5% during the 4th quarter. Maryland State Retirement & Pension System now owns 8,652 shares of the medical technology company’s stock worth $1,056,000 after purchasing an additional 129 shares during the last quarter. 95.62% of the stock is currently owned by hedge funds and other institutional investors.

Wall Street Analyst Weigh In

Several analysts recently issued reports on the stock. Wells Fargo & Company boosted their price objective on shares of Teleflex from $130.00 to $138.00 and gave the company an “equal weight” rating in a report on Friday, May 8th. BMO Capital Markets initiated coverage on shares of Teleflex in a research note on Wednesday, July 8th. They set an “outperform” rating and a $159.00 target price for the company. Piper Sandler upgraded shares of Teleflex from a “neutral” rating to an “overweight” rating and lifted their price target for the company from $140.00 to $160.00 in a research report on Monday, June 8th. Mizuho boosted their price target on shares of Teleflex from $140.00 to $145.00 and gave the company a “neutral” rating in a research note on Wednesday, July 15th. Finally, Weiss Ratings reissued a “sell (d)” rating on shares of Teleflex in a research note on Wednesday, June 24th. One analyst has rated the stock with a Strong Buy rating, four have assigned a Buy rating, five have assigned a Hold rating and one has issued a Sell rating to the company. According to data from MarketBeat.com, the stock has an average rating of “Hold” and an average target price of $148.00.

Teleflex Trading Down 0.2%

Shares of NYSE TFX opened at $134.33 on Tuesday. Teleflex Incorporated has a twelve month low of $100.18 and a twelve month high of $139.67. The company has a current ratio of 2.55, a quick ratio of 2.03 and a debt-to-equity ratio of 0.82. The stock has a fifty day simple moving average of $130.57 and a 200-day simple moving average of $120.56. The stock has a market capitalization of $5.95 billion, a PE ratio of -5.89, a PEG ratio of 1.00 and a beta of 0.82.

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

Teleflex Announces Dividend

The firm also recently declared a quarterly dividend, which was paid on Tuesday, June 30th. Shareholders of record on Monday, May 25th were paid a dividend of $0.34 per share. The ex-dividend date was Friday, May 22nd. This represents a $1.36 dividend on an annualized basis and a yield of 1.0%. Teleflex’s dividend payout ratio is -5.96%.

Teleflex Company 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.