Teleflex Incorporated (NYSE:TFX) Shares Bought by Tokio Marine Asset Management Co. Ltd.

Tokio Marine Asset Management Co. Ltd. grew its holdings in Teleflex Incorporated (NYSE:TFX) by 4.5% during the 3rd quarter, HoldingsChannel.com reports. The firm owned 1,517 shares of the medical technology company’s stock after buying an additional 66 shares during the period. Tokio Marine Asset Management Co. Ltd.’s holdings in Teleflex were worth $375,000 at the end of the most recent quarter.

A number of other hedge funds have also modified their holdings of TFX. Envestnet Portfolio Solutions Inc. lifted its position in Teleflex by 10.7% in the first quarter. Envestnet Portfolio Solutions Inc. now owns 1,648 shares of the medical technology company’s stock valued at $373,000 after buying an additional 159 shares during the last quarter. Sei Investments Co. lifted its holdings in shares of Teleflex by 22.0% in the 1st quarter. Sei Investments Co. now owns 23,012 shares of the medical technology company’s stock worth $5,205,000 after acquiring an additional 4,156 shares during the last quarter. Russell Investments Group Ltd. boosted its position in shares of Teleflex by 15.8% during the 1st quarter. Russell Investments Group Ltd. now owns 18,838 shares of the medical technology company’s stock worth $4,245,000 after purchasing an additional 2,570 shares during the period. Entropy Technologies LP acquired a new stake in Teleflex in the 1st quarter valued at approximately $336,000. Finally, BNP PARIBAS ASSET MANAGEMENT Holding S.A. raised its position in Teleflex by 24.5% in the first quarter. BNP PARIBAS ASSET MANAGEMENT Holding S.A. now owns 4,256 shares of the medical technology company’s stock valued at $963,000 after purchasing an additional 838 shares during the period. 95.62% of the stock is currently owned by hedge funds and other institutional investors.

Wall Street Analysts Forecast Growth

Several research analysts have recently commented on TFX shares. Royal Bank of Canada lowered their price target on Teleflex from $275.00 to $245.00 and set an “outperform” rating for the company in a research report on Friday, November 1st. Mizuho dropped their target price on Teleflex from $275.00 to $250.00 and set a “neutral” rating for the company in a research report on Friday, November 1st. StockNews.com upgraded shares of Teleflex from a “hold” rating to a “buy” rating in a research note on Tuesday, November 12th. Truist Financial reissued a “hold” rating and issued a $227.00 price objective (down previously from $255.00) on shares of Teleflex in a research note on Monday, November 4th. Finally, Stephens increased their target price on shares of Teleflex from $275.00 to $290.00 and gave the stock an “overweight” rating in a report on Friday, August 2nd. Three research analysts have rated the stock with a hold rating and seven have given a buy rating to the company’s stock. According to data from MarketBeat.com, the company currently has a consensus rating of “Moderate Buy” and an average price target of $259.25.

Teleflex Stock Up 0.9 %

Shares of NYSE:TFX opened at $192.15 on Friday. Teleflex Incorporated has a fifty-two week low of $189.95 and a fifty-two week high of $257.85. The firm’s 50 day moving average price is $230.35 and its 200 day moving average price is $223.19. The company has a quick ratio of 1.39, a current ratio of 2.42 and a debt-to-equity ratio of 0.37. The stock has a market cap of $8.92 billion, a price-to-earnings ratio of 38.20, a price-to-earnings-growth ratio of 1.99 and a beta of 1.18.

Teleflex (NYSE:TFX) last announced its quarterly earnings data on Thursday, October 31st. The medical technology company reported $3.49 earnings per share for the quarter, beating analysts’ consensus estimates of $3.38 by $0.11. The business had revenue of $764.40 million for the quarter, compared to analyst estimates of $768.68 million. Teleflex had a net margin of 7.85% and a return on equity of 14.19%. The company’s revenue was up 2.4% on a year-over-year basis. During the same period last year, the business earned $3.64 EPS. As a group, equities research analysts predict that Teleflex Incorporated will post 13.98 earnings per share for the current fiscal year.

Teleflex Dividend Announcement

The firm also recently disclosed a quarterly dividend, which will be paid on Monday, December 16th. Stockholders of record on Friday, November 15th will be given a dividend of $0.34 per share. The ex-dividend date is Friday, November 15th. This represents a $1.36 annualized dividend and a dividend yield of 0.71%. Teleflex’s dividend payout ratio is currently 27.04%.

Teleflex Company Profile

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.