Teleflex Incorporated (TFX) Director Sells $53,064.00 in Stock
Teleflex Incorporated (NYSE:TFX) Director Stephen K. M.D. Klasko sold 200 shares of the business’s stock in a transaction dated Friday, December 1st. The shares were sold at an average price of $265.32, for a total value of $53,064.00. Following the completion of the sale, the director now owns 8,080 shares in the company, valued at $2,143,785.60. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this link.
Teleflex Incorporated (NYSE TFX) traded down $1.65 on Thursday, reaching $250.10. The company had a trading volume of 377,300 shares, compared to its average volume of 261,304. Teleflex Incorporated has a fifty-two week low of $151.22 and a fifty-two week high of $271.23. The company has a market capitalization of $11,341.15, a price-to-earnings ratio of 31.12, a PEG ratio of 2.15 and a beta of 1.09. The company has a quick ratio of 3.70, a current ratio of 4.72 and a debt-to-equity ratio of 0.88.
Teleflex (NYSE:TFX) last released its earnings results on Thursday, November 2nd. The medical technology company reported $2.12 earnings per share (EPS) for the quarter, topping the consensus estimate of $2.01 by $0.11. Teleflex had a return on equity of 16.27% and a net margin of 12.41%. The business had revenue of $534.70 million for the quarter, compared to analyst estimates of $522.94 million. During the same quarter in the prior year, the company posted $1.80 earnings per share. Teleflex’s revenue was up 17.3% on a year-over-year basis. equities research analysts anticipate that Teleflex Incorporated will post 8.35 earnings per share for the current year.
The business also recently announced a quarterly dividend, which will be paid on Friday, December 15th. Investors of record on Wednesday, November 15th will be issued a dividend of $0.34 per share. The ex-dividend date is Tuesday, November 14th. This represents a $1.36 annualized dividend and a yield of 0.54%. Teleflex’s payout ratio is presently 24.82%.
TFX has been the topic of a number of research reports. Jefferies Group restated a “buy” rating and issued a $253.00 price target (up from $230.00) on shares of Teleflex in a report on Wednesday, August 9th. Deutsche Bank restated a “buy” rating and issued a $238.00 price target (up from $220.00) on shares of Teleflex in a report on Wednesday, August 9th. Zacks Investment Research lowered Teleflex from a “buy” rating to a “hold” rating in a report on Thursday, August 24th. Needham & Company LLC boosted their price target on Teleflex from $228.00 to $237.00 and gave the company a “buy” rating in a report on Tuesday, September 5th. Finally, KeyCorp restated a “hold” rating on shares of Teleflex in a report on Wednesday, September 6th. One investment analyst has rated the stock with a sell rating, five have issued a hold rating and six have issued a buy rating to the stock. The company has a consensus rating of “Hold” and a consensus target price of $274.44.
A number of institutional investors and hedge funds have recently added to or reduced their stakes in the stock. Atlanta Capital Management Co. L L C raised its holdings in Teleflex by 2.6% during the second quarter. Atlanta Capital Management Co. L L C now owns 2,519,464 shares of the medical technology company’s stock worth $523,444,000 after acquiring an additional 64,985 shares in the last quarter. Janus Henderson Group PLC raised its stake in Teleflex by 50,429.2% in the second quarter. Janus Henderson Group PLC now owns 1,816,020 shares of the medical technology company’s stock valued at $377,296,000 after buying an additional 1,812,426 shares during the period. State Street Corp raised its stake in Teleflex by 1.8% in the second quarter. State Street Corp now owns 1,399,922 shares of the medical technology company’s stock valued at $290,853,000 after buying an additional 25,401 shares during the period. American Century Companies Inc. raised its stake in Teleflex by 41.6% in the third quarter. American Century Companies Inc. now owns 1,187,909 shares of the medical technology company’s stock valued at $287,438,000 after buying an additional 348,829 shares during the period. Finally, Koch Industries Inc. raised its stake in Teleflex by 47,174.3% in the second quarter. Koch Industries Inc. now owns 959,669 shares of the medical technology company’s stock valued at $955,000 after buying an additional 957,639 shares during the period. Institutional investors and hedge funds own 89.31% of the company’s stock.
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Teleflex Company Profile
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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