Teleflex Incorporated (NYSE:TFX) Declares Quarterly Dividend of $0.34

Teleflex Incorporated (NYSE:TFX) announced a quarterly dividend on Friday, May 15th. Investors of record on Monday, May 25th will be given a dividend of 0.34 per share by the medical technology company on Tuesday, June 30th. This represents a c) annualized dividend and a yield of 1.0%. The ex-dividend date of this dividend is Friday, May 22nd.

Teleflex has a dividend payout ratio of 9.7% indicating that its dividend is sufficiently covered by earnings. Equities analysts expect Teleflex to earn $10.46 per share next year, which means the company should continue to be able to cover its $1.36 annual dividend with an expected future payout ratio of 13.0%.

Teleflex Trading Up 2.0%

TFX stock opened at $133.01 on Wednesday. The company has a current ratio of 2.55, a quick ratio of 2.03 and a debt-to-equity ratio of 0.82. Teleflex has a 12-month low of $100.18 and a 12-month high of $139.67. The stock has a market cap of $5.89 billion, a price-to-earnings ratio of -5.83, a PEG ratio of 0.97 and a beta of 0.82. The business’s 50-day moving average is $121.39 and its 200 day moving average is $116.69.

Teleflex (NYSE:TFX) last posted its quarterly earnings data on Thursday, May 7th. The medical technology company reported $1.39 earnings per share (EPS) for the quarter, topping the consensus estimate of $1.21 by $0.18. Teleflex had a positive return on equity of 13.29% and a negative net margin of 35.88%.The company had revenue of $548.30 million for the quarter, compared to analysts’ expectations of $536.91 million. During the same period in the previous year, the firm posted $1.44 EPS. Teleflex’s revenue was up 32.3% compared to the same quarter last year. Teleflex has set its FY 2026 guidance at 6.250-6.550 EPS. On average, sell-side analysts anticipate that Teleflex will post 6.7 EPS for the current fiscal year.

Institutional Trading of Teleflex

Institutional investors have recently made changes to their positions in the company. Janus Henderson Group PLC raised its position in Teleflex by 1.1% in the first 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 during the period. AQR Capital Management LLC raised its position in Teleflex by 478.1% in the third 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 period. State Street Corp raised its position in Teleflex by 1.5% in the fourth 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 period. Dimensional Fund Advisors LP raised its position in Teleflex by 0.4% in the fourth quarter. Dimensional Fund Advisors LP now owns 1,250,665 shares of the medical technology company’s stock valued at $152,630,000 after purchasing an additional 5,051 shares during the period. Finally, Cooke & Bieler LP raised its position in Teleflex by 1.2% in the third quarter. Cooke & Bieler LP now owns 1,220,637 shares of the medical technology company’s stock valued at $149,357,000 after purchasing an additional 14,673 shares during the period. Hedge funds and other institutional investors own 95.62% of the company’s stock.

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.