Meeder Asset Management Inc. Buys New Holdings in Teleflex Incorporated (NYSE:TFX)

Meeder Asset Management Inc. bought a new stake in Teleflex Incorporated (NYSE:TFX - Free Report) during the fourth quarter, according to its most recent 13F filing with the SEC. The institutional investor bought 6,145 shares of the medical technology company's stock, valued at approximately $1,094,000.

Several other hedge funds also recently modified their holdings of the company. True Wealth Design LLC raised its holdings in Teleflex by 16,600.0% in the 3rd quarter. True Wealth Design LLC now owns 167 shares of the medical technology company's stock valued at $41,000 after acquiring an additional 166 shares during the last quarter. Avior Wealth Management LLC boosted its stake in Teleflex by 81.2% in the 4th quarter. Avior Wealth Management LLC now owns 279 shares of the medical technology company's stock worth $50,000 after buying an additional 125 shares during the last quarter. IFP Advisors Inc grew its stake in shares of Teleflex by 238.5% during the 4th quarter. IFP Advisors Inc now owns 308 shares of the medical technology company's stock valued at $55,000 after buying an additional 217 shares during the period. Exchange Traded Concepts LLC boosted its position in shares of 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 buying an additional 94 shares during the period. Finally, R Squared Ltd purchased a new position in Teleflex in the 4th quarter worth approximately $64,000. 95.62% of the stock is owned by institutional investors and hedge funds.

Analyst Ratings Changes

Several research analysts have recently weighed in on TFX shares. Royal Bank of Canada downgraded shares of Teleflex from an "outperform" rating to a "sector perform" rating and decreased their target price for the company from $220.00 to $155.00 in a research note on Friday, February 28th. Raymond James downgraded Teleflex from an "outperform" rating to a "market perform" rating in a report on Friday, February 28th. Wells Fargo & Company decreased their price target on Teleflex from $214.00 to $146.00 and set an "equal weight" rating for the company in a research note on Friday, February 28th. Citizens Jmp lowered shares of Teleflex from an "outperform" rating to a "market perform" rating in a research note on Thursday, February 27th. Finally, StockNews.com downgraded shares of Teleflex from a "buy" rating to a "hold" rating in a research report on Friday, February 28th. One equities research analyst has rated the stock with a sell rating, nine have given a hold rating and two have given a buy rating to the company's stock. According to MarketBeat, the stock presently has a consensus rating of "Hold" and an average price target of $182.63.

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Teleflex Stock Down 3.8 %

Shares of Teleflex stock traded down $5.25 during midday trading on Friday, hitting $132.75. The company's stock had a trading volume of 606,550 shares, compared to its average volume of 588,774. The firm has a market capitalization of $6.15 billion, a P/E ratio of 26.38, a PEG ratio of 1.73 and a beta of 1.21. Teleflex Incorporated has a 1-year low of $128.55 and a 1-year high of $249.91. 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 stock has a 50-day simple moving average of $155.84 and a 200-day simple moving average of $187.82.

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

Teleflex Dividend Announcement

The business also recently declared a quarterly dividend, which was paid on Monday, March 17th. Shareholders of record on Friday, March 7th were issued a dividend of $0.34 per share. The ex-dividend date of this dividend was Friday, March 7th. This represents a $1.36 annualized dividend and a yield of 1.02%. Teleflex's dividend payout ratio (DPR) is presently 95.77%.

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.