Vontobel Holding Ltd. Purchases New Position in Teleflex Incorporated (NYSE:TFX)

Vontobel Holding Ltd. purchased a new stake in Teleflex Incorporated (NYSE:TFX) in the 4th quarter, according to its most recent filing with the SEC. The institutional investor purchased 1,900 shares of the medical technology company’s stock, valued at approximately $474,000.

Several other large investors have also recently added to or reduced their stakes in the stock. Louisiana State Employees Retirement System acquired a new stake in shares of Teleflex during the fourth quarter valued at about $698,000. NewEdge Wealth LLC grew its stake in shares of Teleflex by 7.1% during the fourth quarter. NewEdge Wealth LLC now owns 4,278 shares of the medical technology company’s stock valued at $1,067,000 after acquiring an additional 282 shares in the last quarter. Janiczek Wealth Management LLC grew its stake in shares of Teleflex by 227.1% during the fourth quarter. Janiczek Wealth Management LLC now owns 157 shares of the medical technology company’s stock valued at $39,000 after acquiring an additional 109 shares in the last quarter. Cerity Partners LLC acquired a new stake in shares of Teleflex during the fourth quarter valued at about $3,285,000. Finally, Sequoia Financial Advisors LLC acquired a new stake in shares of Teleflex during the fourth quarter valued at about $1,723,000. 95.62% of the stock is currently owned by institutional investors and hedge funds.

Wall Street Analysts Forecast Growth

Several analysts have recently weighed in on the company. JMP Securities restated a “market outperform” rating and set a $285.00 target price on shares of Teleflex in a research note on Friday, February 23rd. StockNews.com downgraded Teleflex from a “buy” rating to a “hold” rating in a research note on Friday, February 23rd. Royal Bank of Canada decreased their price target on Teleflex from $272.00 to $265.00 and set an “outperform” rating for the company in a research note on Friday, February 23rd. Finally, Truist Financial decreased their price target on Teleflex from $270.00 to $265.00 and set a “hold” rating for the company in a research note on Friday, February 23rd. Five equities research analysts have rated the stock with a hold rating and six have assigned a buy rating to the company’s stock. According to MarketBeat, Teleflex presently has an average rating of “Moderate Buy” and a consensus target price of $267.50.

Teleflex Stock Performance

Shares of NYSE TFX opened at $207.27 on Tuesday. The company has a quick ratio of 1.29, a current ratio of 2.32 and a debt-to-equity ratio of 0.39. The firm’s 50-day moving average price is $224.58 and its two-hundred day moving average price is $225.66. Teleflex Incorporated has a 52-week low of $177.63 and a 52-week high of $276.43. The stock has a market capitalization of $9.76 billion, a P/E ratio of 27.53, a P/E/G ratio of 1.98 and a beta of 1.11.

Teleflex (NYSE:TFX) last issued its earnings results on Thursday, February 22nd. The medical technology company reported $3.38 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $3.26 by $0.12. Teleflex had a net margin of 11.98% and a return on equity of 14.98%. The firm had revenue of $773.90 million for the quarter, compared to analysts’ expectations of $769.01 million. During the same quarter last year, the company posted $3.52 earnings per share. Teleflex’s revenue was up 2.1% on a year-over-year basis. As a group, sell-side analysts forecast that Teleflex Incorporated will post 13.73 earnings per share for the current year.

Teleflex Announces Dividend

The firm also recently declared a quarterly dividend, which was paid on Friday, March 15th. Stockholders of record on Friday, March 1st were issued a dividend of $0.34 per share. The ex-dividend date of this dividend was Thursday, February 29th. This represents a $1.36 dividend on an annualized basis and a dividend yield of 0.66%. Teleflex’s dividend payout ratio (DPR) is presently 18.06%.

Insider Activity

In other news, VP Cameron P. Hicks sold 7,401 shares of Teleflex stock in a transaction that occurred on Tuesday, March 5th. The stock was sold at an average price of $225.00, for a total transaction of $1,665,225.00. Following the sale, the vice president now owns 10,050 shares of the company’s stock, valued at $2,261,250. The transaction was disclosed in a filing with the SEC, which is accessible through this link. Corporate insiders own 1.43% of the company’s stock.

Teleflex Profile

Teleflex Incorporated designs, develops, manufactures, and supplies single-use medical devices for common diagnostic and therapeutic procedures in critical care and surgical applications worldwide. The company provides vascular access products that comprise Arrow branded catheters, catheter navigation and tip positioning systems, and intraosseous access systems for the administration of intravenous therapies, the measurement of blood pressure, and the withdrawal of blood samples through a single puncture site.