Mutual of America Capital Management LLC Sells 5,228 Shares of Teleflex Incorporated $TFX

Mutual of America Capital Management LLC cut its stake in Teleflex Incorporated (NYSE:TFX) by 19.4% in the 3rd quarter, according to its most recent filing with the Securities and Exchange Commission. The institutional investor owned 21,692 shares of the medical technology company’s stock after selling 5,228 shares during the quarter. Mutual of America Capital Management LLC’s holdings in Teleflex were worth $2,654,000 at the end of the most recent quarter.

A number of other large investors have also recently modified their holdings of TFX. MassMutual Private Wealth & Trust FSB increased its position in shares of Teleflex by 57.9% during the third quarter. MassMutual Private Wealth & Trust FSB now owns 210 shares of the medical technology company’s stock valued at $26,000 after buying an additional 77 shares during the period. Quent Capital LLC purchased a new position in shares of Teleflex during the 3rd quarter worth approximately $38,000. True Wealth Design LLC raised its position in shares of Teleflex by 10,333.3% in the 2nd quarter. True Wealth Design LLC now owns 313 shares of the medical technology company’s stock worth $37,000 after acquiring an additional 310 shares in the last quarter. Cullen Frost Bankers Inc. lifted its stake in shares of Teleflex by 496.7% in the 3rd quarter. Cullen Frost Bankers Inc. now owns 358 shares of the medical technology company’s stock valued at $44,000 after purchasing an additional 298 shares during the period. Finally, Salomon & Ludwin LLC bought a new stake in shares of Teleflex during the third quarter valued at approximately $49,000. Institutional investors own 95.62% of the company’s stock.

Analyst Ratings Changes

A number of equities analysts have issued reports on TFX shares. Needham & Company LLC upgraded Teleflex from a “hold” rating to a “buy” rating and set a $138.00 price objective for the company in a report on Tuesday. Truist Financial upped their target price on shares of Teleflex from $120.00 to $135.00 and gave the stock a “hold” rating in a research report on Thursday, December 18th. Wall Street Zen cut shares of Teleflex from a “buy” rating to a “hold” rating in a research report on Saturday, November 15th. Wells Fargo & Company cut their price objective on shares of Teleflex from $139.00 to $116.00 and set an “equal weight” rating on the stock in a report on Thursday. Finally, Weiss Ratings reaffirmed a “sell (d)” rating on shares of Teleflex in a research note on Monday, December 29th. Two investment analysts have rated the stock with a Buy rating, eight have given a Hold rating and two have assigned a Sell rating to the stock. According to MarketBeat.com, the company has an average rating of “Hold” and an average price target of $139.00.

Teleflex Stock Down 1.0%

Shares of Teleflex stock opened at $104.40 on Friday. The company has a 50-day simple moving average of $116.10 and a two-hundred day simple moving average of $119.60. The stock has a market capitalization of $4.61 billion, a PE ratio of -14.20, a price-to-earnings-growth ratio of 1.38 and a beta of 0.93. Teleflex Incorporated has a 52-week low of $100.18 and a 52-week high of $184.34. The company has a debt-to-equity ratio of 0.67, a quick ratio of 1.53 and a current ratio of 2.57.

Teleflex (NYSE:TFX) last announced its quarterly earnings results on Thursday, November 6th. The medical technology company reported $3.67 earnings per share for the quarter, beating the consensus estimate of $3.38 by $0.29. Teleflex had a negative net margin of 10.28% and a positive return on equity of 15.64%. The company had revenue of $892.90 million during the quarter, compared to the consensus estimate of $892.79 million. During the same quarter last year, the firm earned $3.49 earnings per share. The firm’s quarterly revenue was up 19.4% compared to the same quarter last year. Teleflex has set its FY 2025 guidance at 14.000-14.200 EPS. On average, analysts anticipate that Teleflex Incorporated will post 13.98 EPS for the current fiscal year.

Teleflex Announces Dividend

The firm also recently declared a quarterly dividend, which was paid on Monday, December 15th. Stockholders of record on Friday, November 14th were paid a $0.34 dividend. The ex-dividend date was Friday, November 14th. This represents a $1.36 annualized dividend and a dividend yield of 1.3%. Teleflex’s payout ratio is currently -18.50%.

Teleflex Company 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.