Stephen K. M.D. Klasko Sells 200 Shares of Teleflex Incorporated (TFX) Stock
Teleflex Incorporated (NYSE:TFX) Director Stephen K. M.D. Klasko sold 200 shares of the stock in a transaction dated Monday, October 2nd. The stock was sold at an average price of $241.88, for a total transaction of $48,376.00. Following the transaction, the director now owns 8,080 shares of the company’s stock, valued at $1,954,390.40. The transaction was disclosed in a filing with the SEC, which is available through this hyperlink.
Shares of Teleflex Incorporated (TFX) opened at 246.08 on Thursday. The company has a 50-day moving average of $226.68 and a 200 day moving average of $208.75. Teleflex Incorporated has a 52 week low of $136.53 and a 52 week high of $246.67. The firm has a market capitalization of $11.08 billion, a P/E ratio of 47.06 and a beta of 1.07.
Teleflex (NYSE:TFX) last posted its earnings results on Thursday, August 3rd. The medical technology company reported $2.04 EPS for the quarter, topping the consensus estimate of $1.91 by $0.13. The company had revenue of $528.60 million during the quarter, compared to the consensus estimate of $518.98 million. Teleflex had a net margin of 12.36% and a return on equity of 16.12%. The firm’s revenue for the quarter was up 11.6% on a year-over-year basis. During the same period in the previous year, the firm posted $1.89 earnings per share. Equities research analysts anticipate that Teleflex Incorporated will post $8.28 earnings per share for the current year.
The firm also recently announced a quarterly dividend, which was paid on Friday, September 15th. Stockholders of record on Tuesday, August 15th were given a dividend of $0.34 per share. This represents a $1.36 annualized dividend and a dividend yield of 0.55%. The ex-dividend date was Friday, August 11th. Teleflex’s payout ratio is presently 26.00%.
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Several large investors have recently bought and sold shares of the company. Toronto Dominion Bank increased its position in shares of Teleflex by 14.5% during the second quarter. Toronto Dominion Bank now owns 552 shares of the medical technology company’s stock worth $115,000 after acquiring an additional 70 shares in the last quarter. Archford Capital Strategies LLC boosted its holdings in Teleflex by 29,025.0% during the second quarter. Archford Capital Strategies LLC now owns 1,165 shares of the medical technology company’s stock worth $217,000 after purchasing an additional 1,161 shares during the last quarter. Cookson Peirce & Co. Inc. purchased a new position in Teleflex during the second quarter worth about $11,813,000. Advisory Services Network LLC boosted its holdings in Teleflex by 933.8% during the second quarter. Advisory Services Network LLC now owns 827 shares of the medical technology company’s stock worth $172,000 after purchasing an additional 747 shares during the last quarter. Finally, Koch Industries Inc. boosted its holdings in Teleflex by 47,174.3% during the second quarter. Koch Industries Inc. now owns 959,669 shares of the medical technology company’s stock worth $955,000 after purchasing an additional 957,639 shares during the last quarter. 89.75% of the stock is owned by institutional investors.
A number of equities analysts have recently commented on the stock. Leerink Swann upgraded shares of Teleflex from a “market perform” rating to an “outperform” rating and increased their price objective for the stock from $227.00 to $266.00 in a research note on Thursday, September 7th. Zacks Investment Research downgraded shares of Teleflex from a “buy” rating to a “hold” rating in a research note on Thursday, August 31st. Jefferies Group LLC restated a “buy” rating and set a $230.00 price objective on shares of Teleflex in a research note on Thursday, August 3rd. KeyCorp restated a “hold” rating on shares of Teleflex in a research note on Wednesday, September 6th. Finally, BidaskClub downgraded shares of Teleflex from a “buy” rating to a “hold” rating in a research note on Monday, July 31st. One research analyst has rated the stock with a sell rating, two have assigned a hold rating and seven have issued a buy rating to the stock. The company has an average rating of “Buy” and a consensus target price of $260.75.
Teleflex Incorporated is a provider of medical technology products. The Company designs, develops, manufactures and supplies single-use medical devices used by hospitals and healthcare providers for diagnostic and therapeutic procedures in critical care and surgical applications. The Company operates through six segments: Vascular North America; Anesthesia North America; Surgical North America; Europe, the Middle East and Africa (EMEA); Asia, and Original Equipment Manufacturer (OEM).
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