Public Employees Retirement System of Ohio Acquires 7,721 Shares of Teleflex Incorporated (NYSE:TFX)

Public Employees Retirement System of Ohio increased its position in Teleflex Incorporated (NYSE:TFX - Free Report) by 43.0% in the third quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The fund owned 25,677 shares of the medical technology company's stock after acquiring an additional 7,721 shares during the period. Public Employees Retirement System of Ohio owned about 0.06% of Teleflex worth $6,350,000 at the end of the most recent reporting period.

Several other hedge funds and other institutional investors have also added to or reduced their stakes in the business. Oregon Public Employees Retirement Fund raised its stake in shares of Teleflex by 1.2% in the second quarter. Oregon Public Employees Retirement Fund now owns 4,021 shares of the medical technology company's stock worth $846,000 after purchasing an additional 46 shares during the last quarter. Cromwell Holdings LLC raised its position in Teleflex by 59.0% in the 3rd quarter. Cromwell Holdings LLC now owns 132 shares of the medical technology company's stock worth $33,000 after buying an additional 49 shares during the last quarter. Crossmark Global Holdings Inc. raised its position in Teleflex by 1.9% in the 2nd quarter. Crossmark Global Holdings Inc. now owns 2,779 shares of the medical technology company's stock worth $584,000 after buying an additional 53 shares during the last quarter. Apollon Wealth Management LLC lifted its stake in Teleflex by 3.7% during the 3rd quarter. Apollon Wealth Management LLC now owns 1,524 shares of the medical technology company's stock valued at $377,000 after acquiring an additional 55 shares during the period. Finally, SRS Capital Advisors Inc. boosted its holdings in shares of Teleflex by 0.3% during the 3rd quarter. SRS Capital Advisors Inc. now owns 19,587 shares of the medical technology company's stock valued at $4,844,000 after acquiring an additional 60 shares during the last quarter. 95.62% of the stock is owned by institutional investors.

Teleflex Stock Performance

TFX traded down $3.17 during midday trading on Friday, reaching $180.14. The company had a trading volume of 327,161 shares, compared to its average volume of 383,055. Teleflex Incorporated has a 1 year low of $179.82 and a 1 year high of $257.85. The company has a market cap of $8.37 billion, a P/E ratio of 35.81, a P/E/G ratio of 1.88 and a beta of 1.16. The business has a 50-day moving average of $208.28 and a two-hundred day moving average of $220.49. The company has a quick ratio of 1.39, a current ratio of 2.42 and a debt-to-equity ratio of 0.37.

Teleflex (NYSE:TFX - Get Free Report) last posted its earnings results on Thursday, October 31st. The medical technology company reported $3.49 earnings per share for the quarter, beating the consensus estimate of $3.38 by $0.11. The company had revenue of $764.40 million during the quarter, compared to analysts' expectations of $768.68 million. Teleflex had a net margin of 7.85% and a return on equity of 14.19%. Teleflex's quarterly revenue was up 2.4% on a year-over-year basis. During the same period last year, the company posted $3.64 earnings per share. As a group, equities research analysts predict that Teleflex Incorporated will post 13.98 earnings per share for the current fiscal year.

Teleflex Dividend Announcement

The company also recently announced a quarterly dividend, which will be paid on Monday, December 16th. Stockholders of record on Friday, November 15th will be given a dividend of $0.34 per share. The ex-dividend date of this dividend is Friday, November 15th. This represents a $1.36 dividend on an annualized basis and a dividend yield of 0.75%. Teleflex's dividend payout ratio is currently 27.04%.

Wall Street Analyst Weigh In

Several research analysts have recently weighed in on TFX shares. Truist Financial reissued a "hold" rating and set a $227.00 price objective (down from $255.00) on shares of Teleflex in a report on Monday, November 4th. StockNews.com upgraded shares of Teleflex from a "hold" rating to a "buy" rating in a research note on Thursday, November 28th. Royal Bank of Canada lowered their price target on Teleflex from $275.00 to $245.00 and set an "outperform" rating on the stock in a report on Friday, November 1st. Mizuho cut their price objective on Teleflex from $275.00 to $250.00 and set a "neutral" rating for the company in a report on Friday, November 1st. Finally, Needham & Company LLC reissued a "hold" rating on shares of Teleflex in a report on Friday, November 1st. Three research analysts have rated the stock with a hold rating and six have issued a buy rating to the stock. According to data from MarketBeat, Teleflex presently has a consensus rating of "Moderate Buy" and a consensus target price of $259.00.

About Teleflex

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.