Jump Financial LLC Acquires New Shares in Teleflex Incorporated (NYSE:TFX)

Jump Financial LLC purchased a new stake in shares of Teleflex Incorporated (NYSE:TFX - Free Report) in the fourth quarter, according to its most recent filing with the Securities & Exchange Commission. The firm purchased 8,960 shares of the medical technology company's stock, valued at approximately $1,595,000.

Several other hedge funds have also made changes to their positions in TFX. Norges Bank acquired a new position in Teleflex during the fourth quarter worth approximately $100,328,000. Invesco Ltd. lifted its holdings in Teleflex by 48.1% in the 4th quarter. Invesco Ltd. now owns 1,068,593 shares of the medical technology company's stock valued at $190,188,000 after purchasing an additional 347,003 shares in the last quarter. Diamond Hill Capital Management Inc. purchased a new stake in Teleflex in the 4th quarter valued at about $46,696,000. Magnetar Financial LLC raised its holdings in shares of Teleflex by 105.2% in the 4th quarter. Magnetar Financial LLC now owns 421,340 shares of the medical technology company's stock worth $74,990,000 after purchasing an additional 215,961 shares during the period. Finally, Cooke & Bieler LP lifted its stake in shares of Teleflex by 22.1% during the fourth quarter. Cooke & Bieler LP now owns 1,078,557 shares of the medical technology company's stock worth $191,962,000 after purchasing an additional 195,150 shares in the last quarter. Institutional investors and hedge funds own 95.62% of the company's stock.

Analyst Upgrades and Downgrades

Several research firms have weighed in on TFX. Needham & Company LLC reiterated a "hold" rating on shares of Teleflex in a research note on Wednesday, March 12th. StockNews.com downgraded shares of Teleflex from a "buy" rating to a "hold" rating in a research report on Friday, February 28th. Truist Financial lowered their price objective on Teleflex from $149.00 to $140.00 and set a "hold" rating on the stock in a report on Friday, April 11th. Mizuho set a $155.00 target price on Teleflex in a research note on Wednesday, April 16th. Finally, Citizens Jmp cut shares of Teleflex from an "outperform" rating to a "market perform" rating in a research note on Thursday, February 27th. One analyst has rated the stock with a sell rating, nine have assigned a hold rating and two have given a buy rating to the company's stock. According to data from MarketBeat.com, Teleflex presently has a consensus rating of "Hold" and a consensus target price of $169.63.

Teleflex Stock Up 1.8 %

Shares of TFX traded up $2.42 during trading hours on Thursday, hitting $135.44. The stock had a trading volume of 487,728 shares, compared to its average volume of 627,679. Teleflex Incorporated has a 1-year low of $124.66 and a 1-year high of $249.91. The firm has a 50 day simple moving average of $141.49 and a 200-day simple moving average of $175.69. The company has a debt-to-equity ratio of 0.37, a current ratio of 2.42 and a quick ratio of 1.39. The firm has a market capitalization of $6.28 billion, a P/E ratio of 26.93, a price-to-earnings-growth 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 EPS for the quarter, topping the consensus estimate of $3.86 by $0.03. Teleflex had a net margin of 7.85% and a return on equity of 14.19%. The business had revenue of $795.40 million for the quarter, compared to analyst estimates of $813.24 million. Sell-side analysts predict that Teleflex Incorporated will post 13.98 EPS for the current fiscal year.

Teleflex Announces Dividend

The firm also recently declared a quarterly dividend, which was paid on Monday, March 17th. Shareholders of record on Friday, March 7th were paid a dividend of $0.34 per share. This represents a $1.36 annualized dividend and a dividend yield of 1.00%. The ex-dividend date of this dividend was Friday, March 7th. Teleflex's dividend payout ratio (DPR) 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.