Keating Investment Counselors Inc. Sells 250 Shares of Teleflex Incorporated (NYSE:TFX)

Keating Investment Counselors Inc. lowered its holdings in Teleflex Incorporated (NYSE:TFX) by 18.9% during the 1st quarter, HoldingsChannel.com reports. The fund owned 1,075 shares of the medical technology company’s stock after selling 250 shares during the quarter. Keating Investment Counselors Inc.’s holdings in Teleflex were worth $243,000 at the end of the most recent reporting period.

A number of other large investors have also recently modified their holdings of the business. Vanguard Group Inc. increased its position in shares of Teleflex by 1.1% in the fourth quarter. Vanguard Group Inc. now owns 5,454,016 shares of the medical technology company’s stock worth $1,359,904,000 after purchasing an additional 57,132 shares during the last quarter. Wellington Management Group LLP increased its holdings in shares of Teleflex by 2.1% in the 4th quarter. Wellington Management Group LLP now owns 2,496,566 shares of the medical technology company’s stock worth $622,494,000 after buying an additional 52,533 shares during the last quarter. Cooke & Bieler LP raised its position in shares of Teleflex by 5.7% during the 4th quarter. Cooke & Bieler LP now owns 734,965 shares of the medical technology company’s stock valued at $183,256,000 after buying an additional 39,308 shares in the last quarter. Norges Bank bought a new stake in shares of Teleflex during the 4th quarter worth $118,665,000. Finally, Massachusetts Financial Services Co. MA grew its position in Teleflex by 9.0% in the fourth quarter. Massachusetts Financial Services Co. MA now owns 432,939 shares of the medical technology company’s stock worth $107,949,000 after acquiring an additional 35,847 shares in the last quarter. Institutional investors own 95.62% of the company’s stock.

Analyst Ratings Changes

A number of research firms have weighed in on TFX. Piper Sandler upgraded Teleflex from a “neutral” rating to an “overweight” rating and raised their price target for the company from $205.00 to $245.00 in a research report on Monday, July 1st. Needham & Company LLC reissued a “hold” rating on shares of Teleflex in a report on Friday, May 3rd. Finally, Truist Financial boosted their target price on Teleflex from $219.00 to $235.00 and gave the stock a “hold” rating in a research report on Tuesday, July 9th. Three analysts have rated the stock with a hold rating and six have assigned a buy rating to the company. According to MarketBeat.com, Teleflex currently has an average rating of “Moderate Buy” and a consensus price target of $262.43.

Teleflex Trading Down 1.8 %

TFX stock traded down $4.01 during trading on Friday, hitting $220.47. 493,043 shares of the company traded hands, compared to its average volume of 418,826. The company has a 50-day moving average of $209.48 and a 200-day moving average of $223.64. The company has a debt-to-equity ratio of 0.37, a quick ratio of 1.41 and a current ratio of 2.51. Teleflex Incorporated has a 1 year low of $177.63 and a 1 year high of $262.97. The firm has a market capitalization of $10.38 billion, a PE ratio of 35.39, a P/E/G ratio of 2.14 and a beta of 1.13.

Teleflex (NYSE:TFX) last announced its quarterly earnings data on Thursday, May 2nd. The medical technology company reported $3.21 earnings per share for the quarter, beating the consensus estimate of $3.07 by $0.14. Teleflex had a return on equity of 14.78% and a net margin of 9.82%. The firm had revenue of $737.80 million during the quarter, compared to the consensus estimate of $726.85 million. During the same quarter in the previous year, the company posted $3.09 earnings per share. The business’s revenue was up 3.8% on a year-over-year basis. Analysts predict that Teleflex Incorporated will post 13.75 earnings per share for the current fiscal year.

Teleflex Dividend Announcement

The company also recently declared a quarterly dividend, which was paid on Friday, June 14th. Shareholders of record on Wednesday, May 15th were issued a $0.34 dividend. This represents a $1.36 dividend on an annualized basis and a yield of 0.62%. The ex-dividend date of this dividend was Tuesday, May 14th. Teleflex’s dividend payout ratio (DPR) is presently 21.83%.

Teleflex Company 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.