Teachers Retirement System of The State of Kentucky Cuts Holdings in Teleflex Incorporated $TFX

Teachers Retirement System of The State of Kentucky decreased its position in Teleflex Incorporated (NYSE:TFX) by 29.4% in the 3rd quarter, according to the company in its most recent 13F filing with the SEC. The fund owned 12,617 shares of the medical technology company’s stock after selling 5,262 shares during the period. Teachers Retirement System of The State of Kentucky’s holdings in Teleflex were worth $1,543,000 as of its most recent filing with the SEC.

Several other hedge funds have also recently modified their holdings of the company. Norges Bank bought a new position in shares of Teleflex in the second quarter valued at approximately $65,826,000. Thrivent Financial for Lutherans grew its stake in Teleflex by 1,161.0% in the 3rd quarter. Thrivent Financial for Lutherans now owns 550,449 shares of the medical technology company’s stock valued at $67,353,000 after purchasing an additional 506,796 shares during the period. Qube Research & Technologies Ltd raised its stake in shares of Teleflex by 100.1% during the 2nd quarter. Qube Research & Technologies Ltd now owns 606,804 shares of the medical technology company’s stock worth $71,821,000 after purchasing an additional 303,521 shares during the period. Wedge Capital Management L L P NC bought a new stake in shares of Teleflex during the 3rd quarter worth $26,929,000. Finally, Boston Partners boosted its holdings in shares of Teleflex by 112.5% in the 2nd quarter. Boston Partners now owns 380,933 shares of the medical technology company’s stock worth $45,085,000 after buying an additional 201,652 shares during the last quarter. Institutional investors own 95.62% of the company’s stock.

Teleflex Price Performance

Teleflex stock opened at $117.47 on Friday. The firm has a market capitalization of $5.19 billion, a P/E ratio of -5.72, a PEG ratio of 0.77 and a beta of 0.87. Teleflex Incorporated has a one year low of $100.18 and a one year high of $143.32. The company has a debt-to-equity ratio of 0.81, a current ratio of 2.54 and a quick ratio of 2.01. The business has a fifty day moving average price of $111.15 and a 200-day moving average price of $118.70.

Teleflex (NYSE:TFX) last issued its quarterly earnings data on Thursday, February 26th. The medical technology company reported $1.93 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $3.73 by ($1.80). The company had revenue of $569.00 million for the quarter, compared to analysts’ expectations of $912.57 million. Teleflex had a positive return on equity of 14.30% and a negative net margin of 30.56%.The business’s revenue for the quarter was down 28.5% on a year-over-year basis. During the same period last year, the company posted $3.89 EPS. Teleflex has set its FY 2026 guidance at 6.250-6.550 EPS. As a group, equities research analysts forecast that Teleflex Incorporated will post 13.98 EPS for the current year.

Teleflex Dividend Announcement

The company also recently declared a quarterly dividend, which will be paid on Tuesday, March 31st. Shareholders of record on Friday, March 6th will be issued a $0.34 dividend. This represents a $1.36 annualized dividend and a yield of 1.2%. The ex-dividend date of this dividend is Friday, March 6th. Teleflex’s dividend payout ratio (DPR) is presently -6.62%.

Wall Street Analysts Forecast Growth

Several analysts have commented on TFX shares. Zacks Research lowered shares of Teleflex from a “hold” rating to a “strong sell” rating in a research report on Monday. Truist Financial lifted their price target on shares of Teleflex from $120.00 to $135.00 and gave the stock a “hold” rating in a report on Thursday, December 18th. Royal Bank Of Canada upped their price objective on Teleflex from $115.00 to $125.00 and gave the company a “sector perform” rating in a research note on Friday, February 27th. Wall Street Zen downgraded Teleflex from a “buy” rating to a “hold” rating in a research report on Saturday, November 15th. Finally, Needham & Company LLC upped their price target on Teleflex from $138.00 to $147.00 and gave the company a “buy” rating in a research report on Thursday, February 26th. Two investment analysts have rated the stock with a Buy rating, four have assigned a Hold rating and two have given a Sell rating to the company. Based on data from MarketBeat, the company has an average rating of “Hold” and an average price target of $140.83.

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.