Advisor Group Holdings Inc. Raises Stake in Teleflex Incorporated (NYSE:TFX)

Advisor Group Holdings Inc. grew its stake in shares of Teleflex Incorporated (NYSE:TFX) by 14.0% during the 3rd quarter, Holdings Channel.com reports. The firm owned 8,637 shares of the medical technology company’s stock after acquiring an additional 1,058 shares during the period. Advisor Group Holdings Inc.’s holdings in Teleflex were worth $3,254,000 at the end of the most recent reporting period.

Several other hedge funds and other institutional investors also recently modified their holdings of the business. Berman Capital Advisors LLC boosted its position in shares of Teleflex by 37.3% during the 3rd quarter. Berman Capital Advisors LLC now owns 162 shares of the medical technology company’s stock worth $61,000 after purchasing an additional 44 shares in the last quarter. Carroll Financial Associates Inc. boosted its position in shares of Teleflex by 7.9% during the 3rd quarter. Carroll Financial Associates Inc. now owns 728 shares of the medical technology company’s stock worth $274,000 after purchasing an additional 53 shares in the last quarter. Kestra Advisory Services LLC boosted its position in shares of Teleflex by 5.4% during the 3rd quarter. Kestra Advisory Services LLC now owns 1,090 shares of the medical technology company’s stock worth $410,000 after purchasing an additional 56 shares in the last quarter. JustInvest LLC boosted its position in shares of Teleflex by 9.0% during the 2nd quarter. JustInvest LLC now owns 723 shares of the medical technology company’s stock worth $290,000 after purchasing an additional 60 shares in the last quarter. Finally, DekaBank Deutsche Girozentrale boosted its position in shares of Teleflex by 0.4% during the 3rd quarter. DekaBank Deutsche Girozentrale now owns 13,996 shares of the medical technology company’s stock worth $5,385,000 after purchasing an additional 61 shares in the last quarter. Institutional investors own 91.25% of the company’s stock.

Several equities research analysts recently commented on the stock. Zacks Investment Research lowered shares of Teleflex from a “hold” rating to a “sell” rating and set a $396.00 price objective on the stock. in a research report on Tuesday, October 26th. Morgan Stanley lowered shares of Teleflex from an “overweight” rating to an “equal weight” rating and decreased their price objective for the stock from $431.00 to $383.00 in a research report on Friday, January 7th. Raymond James decreased their price objective on shares of Teleflex from $440.00 to $391.00 and set an “outperform” rating on the stock in a research report on Friday, October 29th. Royal Bank of Canada assumed coverage on shares of Teleflex in a research report on Thursday, December 9th. They issued an “outperform” rating and a $415.00 price objective on the stock. Finally, Piper Sandler lowered shares of Teleflex from an “overweight” rating to a “neutral” rating and decreased their price objective for the stock from $465.00 to $325.00 in a research report on Tuesday, January 4th. One research analyst has rated the stock with a sell rating, three have given a hold rating and seven have issued a buy rating to the company’s stock. Based on data from MarketBeat.com, the stock has an average rating of “Buy” and a consensus target price of $410.91.

In other news, CEO Liam Kelly sold 8,987 shares of the company’s stock in a transaction dated Monday, December 27th. The shares were sold at an average price of $330.00, for a total transaction of $2,965,710.00. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this link. Also, VP Cameron P. Hicks sold 3,600 shares of the company’s stock in a transaction dated Wednesday, November 10th. The shares were sold at an average price of $350.00, for a total transaction of $1,260,000.00. The disclosure for this sale can be found here. Corporate insiders own 1.34% of the company’s stock.

Shares of TFX stock opened at $325.75 on Friday. The firm has a 50-day moving average price of $324.94 and a 200 day moving average price of $363.39. Teleflex Incorporated has a twelve month low of $289.00 and a twelve month high of $449.38. The company has a market capitalization of $15.26 billion, a price-to-earnings ratio of 35.60, a PEG ratio of 1.81 and a beta of 1.12. The company has a current ratio of 2.74, a quick ratio of 1.88 and a debt-to-equity ratio of 0.53.

Teleflex (NYSE:TFX) last announced its earnings results on Thursday, October 28th. The medical technology company reported $3.51 earnings per share for the quarter, beating the consensus estimate of $3.03 by $0.48. Teleflex had a net margin of 15.71% and a return on equity of 17.78%. The firm had revenue of $700.25 million during the quarter, compared to the consensus estimate of $698.25 million. During the same quarter in the previous year, the company posted $2.77 EPS. The firm’s revenue for the quarter was up 11.5% on a year-over-year basis. As a group, research analysts predict that Teleflex Incorporated will post 13.27 earnings per share for the current year.

The business also recently disclosed a quarterly dividend, which was paid on Wednesday, December 15th. Stockholders of record on Monday, November 15th were paid a dividend of $0.34 per share. This represents a $1.36 dividend on an annualized basis and a dividend yield of 0.42%. The ex-dividend date was Friday, November 12th. Teleflex’s dividend payout ratio is currently 14.86%.

Teleflex Profile

Teleflex, Inc provides medical technology products which enables healthcare providers to improve patient outcomes and enhance patient and provider safety. The firm designs, develops, manufactures and supplies single-use medical devices used by hospitals and healthcare providers for common diagnostic and therapeutic procedures in critical care and surgical applications.

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Institutional Ownership by Quarter for Teleflex (NYSE:TFX)

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