Canada Pension Plan Investment Board Acquires 12,900 Shares of Teleflex Incorporated (NYSE:TFX)

Canada Pension Plan Investment Board grew its stake in Teleflex Incorporated (NYSE:TFX - Free Report) by 137.2% during the fourth quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The institutional investor owned 22,300 shares of the medical technology company's stock after purchasing an additional 12,900 shares during the period. Canada Pension Plan Investment Board's holdings in Teleflex were worth $3,969,000 as of its most recent filing with the Securities and Exchange Commission.

Other hedge funds and other institutional investors also recently made changes to their positions in the company. Marshall Wace LLP grew its stake in shares of Teleflex by 8.4% during the fourth quarter. Marshall Wace LLP now owns 55,087 shares of the medical technology company's stock worth $9,804,000 after buying an additional 4,284 shares during the last quarter. Jump Financial LLC bought a new position in Teleflex in the fourth quarter valued at about $1,595,000. Canada Post Corp Registered Pension Plan bought a new stake in shares of Teleflex during the fourth quarter worth about $68,000. Walleye Capital LLC increased its stake in shares of Teleflex by 420.2% in the fourth quarter. Walleye Capital LLC now owns 6,695 shares of the medical technology company's stock valued at $1,192,000 after buying an additional 5,408 shares during the period. Finally, Mariner LLC raised its holdings in Teleflex by 7.9% in the 4th quarter. Mariner LLC now owns 5,430 shares of the medical technology company's stock valued at $966,000 after buying an additional 396 shares during the last quarter. 95.62% of the stock is owned by institutional investors.

Analyst Ratings Changes

Several research analysts have recently weighed in on the company. Needham & Company LLC reissued a "hold" rating on shares of Teleflex in a research report on Wednesday, March 12th. Mizuho set a $155.00 price objective on Teleflex in a research note on Wednesday, April 16th. Royal Bank of Canada cut shares of Teleflex from an "outperform" rating to a "sector perform" rating and cut their price target for the stock from $220.00 to $155.00 in a report on Friday, February 28th. Wells Fargo & Company decreased their target price on Teleflex from $214.00 to $146.00 and set an "equal weight" rating for the company in a research report on Friday, February 28th. Finally, Citizens Jmp cut shares of Teleflex from an "outperform" rating to a "market perform" rating in a report on Thursday, February 27th. One investment analyst has rated the stock with a sell rating, nine have assigned a hold rating and two have assigned a buy rating to the company. According to MarketBeat, the stock currently has an average rating of "Hold" and an average target price of $169.63.

Teleflex Stock Up 1.7 %

TFX opened at $131.33 on Wednesday. The company has a quick ratio of 1.39, a current ratio of 2.42 and a debt-to-equity ratio of 0.37. The business's fifty day simple moving average is $142.18 and its 200 day simple moving average is $175.99. Teleflex Incorporated has a 52 week low of $124.66 and a 52 week high of $249.91. The stock has a market cap of $6.09 billion, a PE ratio of 26.11, a P/E/G ratio of 1.73 and a beta of 1.19.

Teleflex (NYSE:TFX - Get Free Report) last announced its quarterly earnings data on Thursday, February 27th. The medical technology company reported $3.89 earnings per share for the quarter, beating analysts' consensus estimates of $3.86 by $0.03. Teleflex had a return on equity of 14.19% and a net margin of 7.85%. The company had revenue of $795.40 million for the quarter, compared to analysts' expectations of $813.24 million. As a group, research analysts expect that Teleflex Incorporated will post 13.98 earnings per share for the current fiscal year.

Teleflex Announces Dividend

The firm also recently announced a quarterly dividend, which was paid on Monday, March 17th. Investors of record on Friday, March 7th were given a $0.34 dividend. This represents a $1.36 dividend on an annualized basis and a yield of 1.04%. The ex-dividend date of this dividend was Friday, March 7th. Teleflex's payout ratio is presently 95.77%.

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.

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