Bank of Montreal Can Lowers Stock Holdings in Teleflex Incorporated (NYSE:TFX)

Bank of Montreal Can decreased its holdings in Teleflex Incorporated (NYSE:TFX - Free Report) by 6.0% in the fourth quarter, according to its most recent filing with the Securities and Exchange Commission. The firm owned 48,619 shares of the medical technology company's stock after selling 3,077 shares during the quarter. Bank of Montreal Can owned 0.10% of Teleflex worth $8,653,000 at the end of the most recent reporting period.

Other hedge funds also recently bought and sold shares of the company. Headlands Technologies LLC acquired a new position in shares of Teleflex during the 4th quarter worth approximately $29,000. Avior Wealth Management LLC increased its holdings 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 acquiring an additional 125 shares in the last quarter. IFP Advisors Inc raised its position in Teleflex by 238.5% during the fourth quarter. IFP Advisors Inc now owns 308 shares of the medical technology company's stock worth $55,000 after acquiring an additional 217 shares during the period. Exchange Traded Concepts LLC lifted its holdings in Teleflex by 38.2% during the fourth quarter. Exchange Traded Concepts LLC now owns 340 shares of the medical technology company's stock valued at $61,000 after purchasing an additional 94 shares in the last quarter. Finally, R Squared Ltd acquired a new stake in shares of Teleflex in the fourth quarter valued at about $64,000. Hedge funds and other institutional investors own 95.62% of the company's stock.

Teleflex Trading Up 1.1 %

Shares of NYSE TFX traded up $1.36 during midday trading on Friday, reaching $129.57. 476,216 shares of the stock were exchanged, compared to its average volume of 620,618. The stock has a market capitalization of $6.01 billion, a P/E ratio of 25.76, a PEG ratio of 1.73 and a beta of 1.19. The company has a debt-to-equity ratio of 0.37, a quick ratio of 1.39 and a current ratio of 2.42. The company has a 50 day simple moving average of $144.52 and a 200 day simple moving average of $178.76. Teleflex Incorporated has a twelve month low of $124.66 and a twelve month high of $249.91.

Teleflex (NYSE:TFX - Get Free Report) last posted its earnings results on Thursday, February 27th. The medical technology company reported $3.89 EPS for the quarter, beating analysts' consensus estimates of $3.86 by $0.03. The company had revenue of $795.40 million for the quarter, compared to the consensus estimate of $813.24 million. Teleflex had a return on equity of 14.19% and a net margin of 7.85%. As a group, equities 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 given a dividend of $0.34 per share. This represents a $1.36 dividend on an annualized basis and a dividend yield of 1.05%. The ex-dividend date was Friday, March 7th. Teleflex's dividend payout ratio is presently 95.77%.

Analysts Set New Price Targets

Several research analysts recently weighed in on the stock. Raymond James downgraded shares of Teleflex from an "outperform" rating to a "market perform" rating in a research report on Friday, February 28th. Citizens Jmp cut Teleflex from an "outperform" rating to a "market perform" rating in a report on Thursday, February 27th. Bank of America lowered Teleflex from a "neutral" rating to an "underperform" rating and lowered their price target for the stock from $235.00 to $140.00 in a research note on Tuesday, March 4th. Needham & Company LLC reiterated a "hold" rating on shares of Teleflex in a research report on Wednesday, March 12th. Finally, Morgan Stanley decreased their price objective on Teleflex from $275.00 to $191.00 and set an "overweight" rating on the stock in a report on Wednesday, March 5th. One investment analyst has rated the stock with a sell rating, nine have assigned a hold rating and two have issued a buy rating to the company. Based on data from MarketBeat, the company presently has an average rating of "Hold" and an average target price of $169.63.

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.