American Century Companies Inc. Purchases 127,009 Shares of Teleflex Incorporated (NYSE:TFX)

American Century Companies Inc. grew its holdings in shares of Teleflex Incorporated (NYSE:TFX) by 1,277.0% in the fourth quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 136,955 shares of the medical technology company’s stock after acquiring an additional 127,009 shares during the period. American Century Companies Inc.’s holdings in Teleflex were worth $24,376,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Several other hedge funds have also bought and sold shares of TFX. True Wealth Design LLC increased its stake in shares of Teleflex by 16,600.0% in the third quarter. True Wealth Design LLC now owns 167 shares of the medical technology company’s stock worth $41,000 after purchasing an additional 166 shares in the last quarter. Avior Wealth Management LLC grew its position in shares of Teleflex by 81.2% during the fourth quarter. Avior Wealth Management LLC now owns 279 shares of the medical technology company’s stock valued at $50,000 after purchasing an additional 125 shares in the last quarter. IFP Advisors Inc increased its stake in Teleflex by 238.5% in the 4th quarter. IFP Advisors Inc now owns 308 shares of the medical technology company’s stock worth $55,000 after acquiring an additional 217 shares during the last quarter. Exchange Traded Concepts LLC increased its position in Teleflex by 38.2% in the fourth quarter. Exchange Traded Concepts LLC now owns 340 shares of the medical technology company’s stock worth $61,000 after purchasing an additional 94 shares during the last quarter. Finally, R Squared Ltd purchased a new stake in shares of Teleflex during the 4th quarter valued at about $64,000. Institutional investors own 95.62% of the company’s stock.

Analysts Set New Price Targets

Several analysts recently weighed in on the company. Citizens Jmp lowered Teleflex from an “outperform” rating to a “market perform” rating in a report on Thursday, February 27th. Bank of America downgraded shares of Teleflex from a “neutral” rating to an “underperform” rating and decreased their price target for the company from $235.00 to $140.00 in a research note on Tuesday, March 4th. Truist Financial decreased their price objective on Teleflex from $200.00 to $149.00 and set a “hold” rating for the company in a report on Monday, March 3rd. StockNews.com lowered Teleflex from a “buy” rating to a “hold” rating in a report on Friday, February 28th. Finally, Needham & Company LLC restated a “hold” rating on shares of Teleflex in a report on Wednesday, March 12th. One equities research analyst has rated the stock with a sell rating, nine have assigned a hold rating and two have given a buy rating to the company’s stock. According to data from MarketBeat, the company presently has an average rating of “Hold” and an average price target of $182.63.

Teleflex Price Performance

Shares of TFX opened at $137.76 on Friday. The company has a debt-to-equity ratio of 0.37, a current ratio of 2.42 and a quick ratio of 1.39. The company’s fifty day moving average price is $159.20 and its 200-day moving average price is $190.36. The firm has a market capitalization of $6.39 billion, a PE ratio of 27.39, a price-to-earnings-growth ratio of 1.73 and a beta of 1.21. Teleflex Incorporated has a 1-year low of $128.55 and a 1-year high of $249.91.

Teleflex (NYSE:TFX) last released its quarterly earnings data on Thursday, February 27th. The medical technology company reported $3.89 EPS for the quarter, beating the consensus estimate of $3.86 by $0.03. The business had revenue of $795.40 million for the quarter, compared to the consensus estimate of $813.24 million. Teleflex had a net margin of 7.85% and a return on equity of 14.19%. On average, equities research analysts predict that Teleflex Incorporated will post 13.98 EPS for the current year.

Teleflex Announces Dividend

The company also recently declared a quarterly dividend, which was paid on Monday, March 17th. Investors of record on Friday, March 7th were given a dividend of $0.34 per share. The ex-dividend date of this dividend was Friday, March 7th. This represents a $1.36 annualized dividend and a yield of 0.99%. Teleflex’s dividend payout ratio is presently 95.77%.

Teleflex 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.