Corient Private Wealth LP Buys Shares of 23,715 Teleflex Incorporated $TFX

Corient Private Wealth LP purchased a new position in shares of Teleflex Incorporated (NYSE:TFX) in the second quarter, HoldingsChannel.com reports. The fund purchased 23,715 shares of the medical technology company’s stock, valued at approximately $3,006,000.

Other large investors have also made changes to their positions in the company. BlackRock Inc. bought a new position in Teleflex in the second quarter valued at approximately $688,537,000. Jupiter Topco LLC bought a new stake in Teleflex during the second quarter worth $550,456,000. Janus Henderson Group PLC boosted its holdings in shares of Teleflex by 1.1% in the 1st quarter. Janus Henderson Group PLC now owns 4,291,311 shares of the medical technology company’s stock valued at $513,281,000 after purchasing an additional 45,199 shares in the last quarter. AQR Capital Management LLC increased its stake in shares of Teleflex by 478.1% in the 3rd quarter. AQR Capital Management LLC now owns 2,366,131 shares of the medical technology company’s stock valued at $287,603,000 after purchasing an additional 1,956,811 shares during the last quarter. Finally, State Street Corp increased its stake in shares of Teleflex by 1.5% in the 4th quarter. State Street Corp now owns 1,478,776 shares of the medical technology company’s stock valued at $180,470,000 after purchasing an additional 22,111 shares during the last quarter. Institutional investors and hedge funds own 95.62% of the company’s stock.

Wall Street Analysts Forecast Growth

A number of equities analysts have recently commented on TFX shares. Piper Sandler reissued an “overweight” rating and set a $169.00 price target (up from $160.00) on shares of Teleflex in a report on Friday, August 7th. Wells Fargo & Company lifted their target price on Teleflex from $130.00 to $138.00 and gave the company an “equal weight” rating in a research report on Friday, May 8th. Royal Bank Of Canada raised Teleflex from a “sector perform” rating to an “outperform” rating and boosted their target price for the stock from $135.00 to $155.00 in a research note on Friday, May 8th. Mizuho increased their target price on shares of Teleflex from $140.00 to $145.00 and gave the stock a “neutral” rating in a report on Wednesday, July 15th. Finally, Wall Street Zen upgraded shares of Teleflex from a “sell” rating to a “hold” rating in a research note on Sunday, August 9th. One research analyst has rated the stock with a Strong Buy rating, four have assigned a Buy rating, six have assigned a Hold rating and one has assigned a Sell rating to the company. According to data from MarketBeat.com, the stock currently has a consensus rating of “Hold” and an average target price of $152.90.

Teleflex Trading Down 1.0%

NYSE TFX opened at $140.59 on Wednesday. The company has a quick ratio of 2.12, a current ratio of 2.60 and a debt-to-equity ratio of 0.94. Teleflex Incorporated has a twelve month low of $100.18 and a twelve month high of $145.00. The company has a market cap of $5.96 billion, a price-to-earnings ratio of -6.04, a price-to-earnings-growth ratio of 0.95 and a beta of 0.82. The business’s fifty day moving average is $134.59 and its 200 day moving average is $126.54.

Teleflex (NYSE:TFX) last issued its earnings results on Thursday, August 6th. The medical technology company reported $1.76 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $1.28 by $0.48. The business had revenue of $570.33 million during the quarter, compared to analysts’ expectations of $559.59 million. Teleflex had a positive return on equity of 11.93% and a negative net margin of 39.67%.The business’s revenue for the quarter was up 28.9% compared to the same quarter last year. During the same quarter in the prior year, the firm earned $3.73 EPS. Teleflex has set its FY 2026 guidance at 6.900-7.200 EPS. As a group, 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. Investors of record on Friday, August 14th will be paid a $0.34 dividend. The ex-dividend date of this dividend is Friday, August 14th. This represents a $1.36 annualized dividend and a dividend yield of 1.0%. Teleflex’s payout ratio is currently -5.84%.

Teleflex Company Profile

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.