Diamond Hill Capital Management LLC Investment Advisor Makes New Investment in Teleflex Incorporated $TFX

Diamond Hill Capital Management LLC Investment Advisor bought a new stake in shares of Teleflex Incorporated (NYSE:TFX) during the second quarter, according to its most recent 13F filing with the SEC. The institutional investor bought 311,349 shares of the medical technology company’s stock, valued at approximately $39,467,000.

Several other institutional investors also recently modified their holdings of TFX. Waterfront Wealth Inc. acquired a new stake in Teleflex during the 4th quarter worth $2,050,000. Ruffer LLP bought a new position in shares of Teleflex in the 4th quarter worth $5,154,000. Eos Management L.P. acquired a new stake in shares of Teleflex during the fourth quarter worth $3,763,000. Universal Beteiligungs und Servicegesellschaft mbH increased its holdings in Teleflex by 227.5% in the fourth quarter. Universal Beteiligungs und Servicegesellschaft mbH now owns 27,822 shares of the medical technology company’s stock valued at $3,395,000 after purchasing an additional 19,327 shares during the last quarter. Finally, First Eagle Investment Management LLC lifted its stake in Teleflex by 163.4% in the fourth quarter. First Eagle Investment Management LLC now owns 84,300 shares of the medical technology company’s stock valued at $10,288,000 after buying an additional 52,300 shares during the period. Institutional investors and hedge funds own 95.62% of the company’s stock.

Analysts Set New Price Targets

Several research firms have recently issued reports on TFX. BMO Capital Markets initiated coverage on Teleflex in a research report on Wednesday, July 8th. They set an “outperform” rating and a $159.00 target price for the company. Mizuho increased their price target on shares of Teleflex from $140.00 to $145.00 and gave the company a “neutral” rating in a research report on Wednesday, July 15th. Piper Sandler reissued an “overweight” rating and set a $169.00 price objective (up from $160.00) on shares of Teleflex in a research note on Friday, August 7th. Wells Fargo & Company boosted their price objective on shares of Teleflex from $130.00 to $138.00 and gave the company an “equal weight” rating in a report on Friday, May 8th. Finally, Raymond James Financial reaffirmed an “outperform” rating and issued a $150.00 target price on shares of Teleflex in a research note on Friday, May 8th. One equities research analyst has rated the stock with a Strong Buy rating, four have issued a Buy rating, six have assigned a Hold rating and one has issued a Sell rating to the company’s stock. According to MarketBeat.com, the company currently has a consensus rating of “Hold” and a consensus price target of $151.80.

Teleflex Stock Down 0.1%

NYSE:TFX opened at $136.98 on Monday. The stock has a 50-day simple moving average of $132.38 and a 200 day simple moving average of $123.81. Teleflex Incorporated has a 52-week low of $100.18 and a 52-week high of $145.00. The company has a market cap of $5.80 billion, a PE ratio of -5.88, a PEG ratio of 0.91 and a beta of 0.81. The company has a debt-to-equity ratio of 0.94, a quick ratio of 2.12 and a current ratio of 2.60.

Teleflex (NYSE:TFX) last released its earnings results on Thursday, August 6th. The medical technology company reported $1.76 EPS for the quarter, beating the consensus estimate of $1.28 by $0.48. Teleflex had a positive return on equity of 11.93% and a negative net margin of 39.67%.The firm had revenue of $570.33 million for the quarter, compared to analysts’ expectations of $559.59 million. During the same quarter in the previous year, the business posted $3.73 EPS. The business’s quarterly revenue was up 28.9% compared to the same quarter last year. Teleflex has set its FY 2026 guidance at 6.900-7.200 EPS. On average, sell-side analysts expect that Teleflex Incorporated will post 7.26 EPS for the current fiscal year.

Teleflex Dividend Announcement

The firm also recently disclosed a quarterly dividend, which will be paid on Wednesday, September 30th. Stockholders of record on Friday, August 14th will be issued a $0.34 dividend. The ex-dividend date is Friday, August 14th. This represents a $1.36 dividend on an annualized basis and a dividend yield of 1.0%. Teleflex’s dividend payout ratio (DPR) is -5.84%.

About Teleflex

Teleflex Incorporated is a diversified global provider of medical technologies, specializing in critical care and surgery. Headquartered in Wayne, Pennsylvania, the company designs, manufactures and distributes devices and solutions used by healthcare professionals in hospital, ambulatory and alternate site settings. Teleflex focuses on delivering products that support complex interventional procedures and improve patient outcomes.

The company’s offerings span several key segments, including Interventional Urology, Respiratory & Anesthesia, Surgical, Cardiac Care, Vascular and Original Equipment Manufacturer (OEM) solutions.