Quantinno Capital Management LP Reduces Stock Holdings in Teleflex Incorporated (NYSE:TFX)

Quantinno Capital Management LP decreased its position in shares of Teleflex Incorporated (NYSE:TFX) by 0.8% during the 3rd quarter, according to the company in its most recent disclosure with the SEC. The fund owned 13,683 shares of the medical technology company’s stock after selling 114 shares during the quarter. Quantinno Capital Management LP’s holdings in Teleflex were worth $3,384,000 as of its most recent filing with the SEC.

Several other institutional investors also recently added to or reduced their stakes in TFX. Cromwell Holdings LLC lifted its holdings in shares of Teleflex by 59.0% during the third quarter. Cromwell Holdings LLC now owns 132 shares of the medical technology company’s stock worth $33,000 after purchasing an additional 49 shares during the period. Avior Wealth Management LLC lifted its stake in shares of Teleflex by 190.6% in the 3rd quarter. Avior Wealth Management LLC now owns 154 shares of the medical technology company’s stock worth $38,000 after acquiring an additional 101 shares during the period. Ashton Thomas Securities LLC purchased a new stake in shares of Teleflex in the third quarter valued at about $40,000. True Wealth Design LLC boosted its holdings 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 valued at $41,000 after acquiring an additional 166 shares in the last quarter. Finally, Canada Pension Plan Investment Board acquired a new position in shares of Teleflex during the second quarter worth about $42,000. Institutional investors and hedge funds own 95.62% of the company’s stock.

Wall Street Analyst Weigh In

A number of equities research analysts have weighed in on the company. StockNews.com raised Teleflex from a “hold” rating to a “buy” rating in a report on Thursday, November 28th. Needham & Company LLC restated a “hold” rating on shares of Teleflex in a research note on Friday, November 1st. Mizuho dropped their price objective on Teleflex from $275.00 to $250.00 and set a “neutral” rating on the stock in a report on Friday, November 1st. Truist Financial reissued a “hold” rating and issued a $227.00 target price (down previously from $255.00) on shares of Teleflex in a report on Monday, November 4th. Finally, Royal Bank of Canada lowered their price target on shares of Teleflex from $275.00 to $245.00 and set an “outperform” rating on the stock in a research note on Friday, November 1st. Three analysts have rated the stock with a hold rating and six have given a buy rating to the company’s stock. According to data from MarketBeat, the company has an average rating of “Moderate Buy” and a consensus price target of $259.00.

Teleflex Stock Up 1.3 %

Teleflex stock opened at $187.08 on Tuesday. Teleflex Incorporated has a fifty-two week low of $184.19 and a fifty-two week high of $257.85. The firm has a market capitalization of $8.69 billion, a price-to-earnings ratio of 37.19, a price-to-earnings-growth ratio of 1.89 and a beta of 1.16. The stock’s fifty day moving average is $212.96 and its two-hundred day moving average is $221.34. The company has a debt-to-equity ratio of 0.37, a quick ratio of 1.39 and a current ratio of 2.42.

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

Teleflex Announces Dividend

The business also recently announced a quarterly dividend, which will be paid on Monday, December 16th. Investors of record on Friday, November 15th will be paid a $0.34 dividend. This represents a $1.36 dividend on an annualized basis and a yield of 0.73%. The ex-dividend date of this dividend is Friday, November 15th. Teleflex’s 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.