TD Asset Management Inc Decreases Stock Holdings in Teleflex Incorporated $TFX

TD Asset Management Inc reduced its stake in shares of Teleflex Incorporated (NYSE:TFX) by 6.9% in the fourth quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 304,400 shares of the medical technology company’s stock after selling 22,400 shares during the quarter. TD Asset Management Inc’s holdings in Teleflex were worth $37,149,000 as of its most recent SEC filing.

A number of other hedge funds have also recently made changes to their positions in the stock. Ruffer LLP purchased a new stake in Teleflex in the fourth quarter valued at about $5,154,000. Waterfront Wealth Inc. purchased a new stake in Teleflex in the fourth quarter valued at about $2,050,000. Eos Management L.P. purchased a new stake in Teleflex in the fourth quarter valued at about $3,763,000. Capital International Investors purchased a new stake in Teleflex in the third quarter valued at about $44,851,000. Finally, Universal Beteiligungs und Servicegesellschaft mbH raised its stake in Teleflex by 227.5% in the fourth quarter. Universal Beteiligungs und Servicegesellschaft mbH now owns 27,822 shares of the medical technology company’s stock valued at $3,395,000 after buying an additional 19,327 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

A number of research firms have commented on TFX. Wall Street Zen cut Teleflex from a “hold” rating to a “sell” rating in a research note on Saturday, May 9th. Bank of America upgraded Teleflex from an “underperform” rating to a “neutral” rating and set a $135.00 price target for the company in a research note on Monday, April 13th. Mizuho set a $140.00 price target on Teleflex in a research note on Friday, May 8th. Needham & Company LLC increased their price target on Teleflex from $138.00 to $147.00 and gave the company a “buy” rating in a research note on Thursday, February 26th. Finally, Raymond James Financial reiterated an “outperform” rating and issued a $150.00 price target on shares of Teleflex in a research note on Friday, May 8th. Three investment analysts have rated the stock with a Buy rating, five have assigned a Hold rating and one has issued a Sell rating to the company’s stock. According to data from MarketBeat, Teleflex currently has a consensus rating of “Hold” and an average price target of $144.00.

Teleflex Stock Down 1.7%

Shares of TFX stock opened at $129.90 on Friday. The stock’s 50-day simple moving average is $127.08 and its 200-day simple moving average is $118.04. The company has a debt-to-equity ratio of 0.82, a quick ratio of 2.03 and a current ratio of 2.55. The firm has a market capitalization of $5.75 billion, a PE ratio of -5.70, a P/E/G ratio of 0.97 and a beta of 0.82. Teleflex Incorporated has a fifty-two week low of $100.18 and a fifty-two week high of $139.67.

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

Teleflex Announces Dividend

The business also recently announced a quarterly dividend, which will be paid on Tuesday, June 30th. Investors of record on Monday, May 25th will be issued a dividend of $0.34 per share. This represents a $1.36 annualized dividend and a yield of 1.0%. The ex-dividend date of this dividend is Friday, May 22nd. Teleflex’s dividend payout ratio (DPR) is -5.96%.

Teleflex 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.