24,000 Shares in Teleflex Incorporated (NYSE:TFX) Purchased by Lighthouse Investment Partners LLC

Lighthouse Investment Partners LLC bought a new position in shares of Teleflex Incorporated (NYSE:TFX) during the 2nd quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The firm bought 24,000 shares of the medical technology company’s stock, valued at approximately $5,048,000.

Other institutional investors also recently bought and sold shares of the company. Riverview Trust Co acquired a new stake in Teleflex in the first quarter valued at approximately $31,000. Pineridge Advisors LLC acquired a new stake in shares of Teleflex in the fourth quarter worth approximately $35,000. Canada Pension Plan Investment Board purchased a new position in Teleflex during the second quarter worth approximately $42,000. Versant Capital Management Inc lifted its position in Teleflex by 20,700.0% during the second quarter. Versant Capital Management Inc now owns 208 shares of the medical technology company’s stock worth $44,000 after buying an additional 207 shares in the last quarter. Finally, Blue Trust Inc. lifted its position in Teleflex by 78.2% during the second quarter. Blue Trust Inc. now owns 212 shares of the medical technology company’s stock worth $48,000 after buying an additional 93 shares in the last quarter. 95.62% of the stock is owned by institutional investors and hedge funds.

Analysts Set New Price Targets

A number of brokerages recently commented on TFX. Stephens lifted their price objective on Teleflex from $275.00 to $290.00 and gave the stock an “overweight” rating in a research report on Friday, August 2nd. Piper Sandler upgraded Teleflex from a “neutral” rating to an “overweight” rating and boosted their price objective for the company from $205.00 to $245.00 in a report on Monday, July 1st. Truist Financial boosted their price objective on Teleflex from $240.00 to $247.00 and gave the company a “hold” rating in a report on Monday, August 5th. Finally, Royal Bank of Canada boosted their target price on Teleflex from $235.00 to $260.00 and gave the stock an “outperform” rating in a research note on Friday, August 2nd. Three analysts have rated the stock with a hold rating and six have given a buy rating to the company. Based on data from MarketBeat, Teleflex currently has an average rating of “Moderate Buy” and an average target price of $265.57.

Insider Buying and Selling at Teleflex

In other news, Director Stuart A. Randle sold 2,674 shares of the stock in a transaction that occurred on Friday, August 16th. The stock was sold at an average price of $238.93, for a total transaction of $638,898.82. Following the completion of the transaction, the director now directly owns 5,496 shares of the company’s stock, valued at approximately $1,313,159.28. The sale was disclosed in a document filed with the SEC, which is accessible through this link. 1.43% of the stock is owned by company insiders.

Teleflex Trading Up 0.8 %

NYSE:TFX opened at $246.83 on Friday. Teleflex Incorporated has a 1 year low of $177.63 and a 1 year high of $257.85. The company has a debt-to-equity ratio of 0.36, a quick ratio of 1.44 and a current ratio of 2.58. The stock has a market cap of $11.63 billion, a P/E ratio of 39.62, a P/E/G ratio of 2.23 and a beta of 1.16. The stock has a 50-day simple moving average of $236.98 and a 200-day simple moving average of $221.08.

Teleflex (NYSE:TFX) last posted its earnings results on Thursday, August 1st. The medical technology company reported $3.42 earnings per share for the quarter, beating the consensus estimate of $3.33 by $0.09. Teleflex had a return on equity of 14.51% and a net margin of 8.76%. The business had revenue of $749.70 million during the quarter, compared to the consensus estimate of $762.98 million. During the same period in the previous year, the business earned $3.41 EPS. The business’s quarterly revenue was up .9% on a year-over-year basis. As a group, analysts anticipate that Teleflex Incorporated will post 13.97 earnings per share for the current fiscal year.

Teleflex Dividend Announcement

The business also recently disclosed a quarterly dividend, which was paid on Monday, September 16th. Shareholders of record on Thursday, August 15th were paid a dividend of $0.34 per share. This represents a $1.36 annualized dividend and a yield of 0.55%. The ex-dividend date was Thursday, August 15th. Teleflex’s dividend payout ratio is presently 21.83%.

About Teleflex

Teleflex Incorporated designs, develops, manufactures, and supplies single-use medical devices for common diagnostic and therapeutic procedures in critical care and surgical applications worldwide. The company provides vascular access products that comprise Arrow branded catheters, catheter navigation and tip positioning systems, and intraosseous access systems for the administration of intravenous therapies, the measurement of blood pressure, and the withdrawal of blood samples through a single puncture site.