LPL Financial LLC Has $6.22 Million Stake in Teleflex Incorporated (NYSE:TFX)

LPL Financial LLC raised its holdings in Teleflex Incorporated (NYSE:TFX - Free Report) by 36.4% during the fourth quarter, according to the company in its most recent Form 13F filing with the SEC. The fund owned 34,931 shares of the medical technology company's stock after acquiring an additional 9,330 shares during the quarter. LPL Financial LLC owned about 0.08% of Teleflex worth $6,217,000 as of its most recent SEC filing.

A number of other institutional investors have also recently bought and sold shares of TFX. Avior Wealth Management LLC raised its position in shares of Teleflex by 81.2% in the 4th quarter. Avior Wealth Management LLC now owns 279 shares of the medical technology company's stock valued at $50,000 after acquiring an additional 125 shares during the period. IFP Advisors Inc increased its stake in Teleflex by 238.5% in the fourth quarter. IFP Advisors Inc now owns 308 shares of the medical technology company's stock valued at $55,000 after purchasing an additional 217 shares in the last quarter. Exchange Traded Concepts LLC raised its holdings in Teleflex by 38.2% in the fourth quarter. Exchange Traded Concepts LLC now owns 340 shares of the medical technology company's stock worth $61,000 after purchasing an additional 94 shares during the period. R Squared Ltd bought a new position in shares of Teleflex during the fourth quarter worth $64,000. Finally, Kohmann Bosshard Financial Services LLC acquired a new position in shares of Teleflex in the 4th quarter valued at $73,000. Institutional investors and hedge funds own 95.62% of the company's stock.

Wall Street Analysts Forecast Growth

Several research analysts have weighed in on TFX shares. Piper Sandler reiterated a "neutral" rating and set a $140.00 target price (down from $255.00) on shares of Teleflex in a report on Friday, February 28th. StockNews.com lowered Teleflex from a "buy" rating to a "hold" rating in a research report on Friday, February 28th. Citizens Jmp downgraded shares of Teleflex from an "outperform" rating to a "market perform" rating in a report on Thursday, February 27th. Raymond James cut shares of Teleflex from an "outperform" rating to a "market perform" rating in a report on Friday, February 28th. Finally, Morgan Stanley dropped their price objective on shares of Teleflex from $275.00 to $191.00 and set an "overweight" rating on the stock in a report on Wednesday, March 5th. One equities research analyst has rated the stock with a sell rating, nine have assigned a hold rating and two have given a buy rating to the stock. Based on data from MarketBeat, Teleflex presently has a consensus rating of "Hold" and a consensus target price of $181.50.

Teleflex Stock Up 0.6 %

Shares of Teleflex stock traded up $0.74 during trading hours on Friday, reaching $129.81. 642,249 shares of the company's stock were exchanged, compared to its average volume of 614,950. The stock has a market cap of $6.02 billion, a P/E ratio of 25.81, a P/E/G ratio of 1.73 and a beta of 1.19. The company has a 50 day moving average of $148.00 and a two-hundred day moving average of $181.53. The company has a current ratio of 2.42, a quick ratio of 1.39 and a debt-to-equity ratio of 0.37. Teleflex Incorporated has a fifty-two week low of $124.66 and a fifty-two week high of $249.91.

Teleflex (NYSE:TFX - Get Free Report) last issued its quarterly earnings results on Thursday, February 27th. The medical technology company reported $3.89 EPS for the quarter, beating the consensus estimate of $3.86 by $0.03. The firm had revenue of $795.40 million during the quarter, compared to analysts' expectations of $813.24 million. Teleflex had a return on equity of 14.19% and a net margin of 7.85%. On average, sell-side analysts forecast that Teleflex Incorporated will post 13.98 EPS for the current fiscal year.

Teleflex Dividend Announcement

The company also recently declared a quarterly dividend, which was paid on Monday, March 17th. Shareholders of record on Friday, March 7th were given a dividend of $0.34 per share. This represents a $1.36 annualized dividend and a yield of 1.05%. The ex-dividend date of this dividend was Friday, March 7th. Teleflex's dividend payout ratio (DPR) is currently 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.