Heartland Advisors Inc. Has $12.68 Million Stock Holdings in Teleflex Incorporated $TFX

Heartland Advisors Inc. trimmed its position in Teleflex Incorporated (NYSE:TFX) by 30.7% during the fourth quarter, HoldingsChannel.com reports. The fund owned 103,927 shares of the medical technology company’s stock after selling 46,073 shares during the period. Heartland Advisors Inc.’s holdings in Teleflex were worth $12,683,000 at the end of the most recent quarter.

A number of other hedge funds have also modified their holdings of TFX. AQR Capital Management LLC increased its stake in Teleflex by 478.1% during the 3rd quarter. AQR Capital Management LLC now owns 2,366,131 shares of the medical technology company’s stock worth $287,603,000 after purchasing an additional 1,956,811 shares in the last quarter. Dimensional Fund Advisors LP increased its stake in Teleflex by 0.3% during the 3rd quarter. Dimensional Fund Advisors LP now owns 1,245,614 shares of the medical technology company’s stock worth $152,408,000 after purchasing an additional 3,812 shares in the last quarter. Geode Capital Management LLC increased its stake in Teleflex by 10.6% during the 4th quarter. Geode Capital Management LLC now owns 985,684 shares of the medical technology company’s stock worth $120,312,000 after purchasing an additional 94,679 shares in the last quarter. Abrams Bison Investments LLC bought a new stake in Teleflex during the 3rd quarter worth approximately $112,317,000. Finally, Thrivent Financial for Lutherans increased its stake in Teleflex by 40.6% during the 4th quarter. Thrivent Financial for Lutherans now owns 774,034 shares of the medical technology company’s stock worth $94,463,000 after purchasing an additional 223,585 shares in the last quarter. 95.62% of the stock is currently owned by institutional investors and hedge funds.

Analyst Upgrades and Downgrades

A number of research firms recently issued reports on TFX. Weiss Ratings reissued a “sell (d)” rating on shares of Teleflex in a research note on Friday, March 27th. Wall Street Zen cut Teleflex from a “hold” rating to a “sell” rating in a research note on Saturday, May 9th. Mizuho set a $140.00 target price on Teleflex in a research note on Friday, May 8th. Wells Fargo & Company increased their target price on Teleflex from $130.00 to $138.00 and gave the stock an “equal weight” rating in a research note on Friday, May 8th. Finally, Truist Financial reissued a “hold” rating and set a $143.00 target price (up from $135.00) on shares of Teleflex in a research note on Monday, May 11th. Four analysts have rated the stock with a Buy rating, five have issued a Hold rating and one has assigned a Sell rating to the company’s stock. According to MarketBeat, the stock presently has a consensus rating of “Hold” and a consensus price target of $146.00.

Teleflex Trading Down 2.6%

NYSE TFX opened at $132.27 on Thursday. The company has a market cap of $5.86 billion, a PE ratio of -5.80, a PEG ratio of 1.01 and a beta of 0.82. 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 Incorporated has a 12 month low of $100.18 and a 12 month high of $139.67. The stock has a 50 day moving average of $128.24 and a 200-day moving average of $118.71.

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

Teleflex Dividend Announcement

The business also recently disclosed a quarterly dividend, which will be paid on Tuesday, June 30th. Stockholders of record on Monday, May 25th will be issued a $0.34 dividend. This represents a $1.36 annualized dividend and a dividend yield of 1.0%. The ex-dividend date of this dividend is Friday, May 22nd. Teleflex’s dividend payout ratio is presently -5.96%.

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.