870,000 Shares in Teleflex Incorporated $TFX Purchased by Irenic Capital Management LP

Irenic Capital Management LP acquired a new stake in Teleflex Incorporated (NYSE:TFX) during the first quarter, Holdings Channel reports. The firm acquired 870,000 shares of the medical technology company’s stock, valued at approximately $104,061,000. Teleflex comprises 6.9% of Irenic Capital Management LP’s holdings, making the stock its 3rd biggest holding.

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

Analysts Set New Price Targets

Several brokerages have recently weighed in on TFX. UBS Group started coverage on Teleflex in a research report on Tuesday. They issued a “neutral” rating and a $145.00 price target for the company. Truist Financial reissued a “hold” rating and set a $143.00 price objective (up from $135.00) on shares of Teleflex in a report on Monday, May 11th. Raymond James Financial restated an “outperform” rating and issued a $150.00 target price on shares of Teleflex in a research note on Friday, May 8th. Bank of America raised Teleflex from an “underperform” rating to a “neutral” rating and set a $135.00 target price for the company in a report on Monday, April 13th. Finally, Royal Bank Of Canada upgraded Teleflex from a “sector perform” rating to an “outperform” rating and upped their price target for the company from $135.00 to $155.00 in a research report on Friday, May 8th. 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 given a Sell rating to the company. According to MarketBeat, Teleflex currently has a consensus rating of “Hold” and an average target price of $147.70.

Teleflex Price Performance

TFX stock opened at $134.16 on Wednesday. The company has a debt-to-equity ratio of 0.82, a current ratio of 2.55 and a quick ratio of 2.03. Teleflex Incorporated has a one year low of $100.18 and a one year high of $139.67. The stock has a market cap of $5.94 billion, a PE ratio of -5.88, a P/E/G ratio of 0.97 and a beta of 0.82. The firm has a 50 day simple moving average of $130.88 and a two-hundred day simple moving average of $120.95.

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

Teleflex Announces Dividend

The firm also recently declared a quarterly dividend, which was paid on Tuesday, June 30th. Shareholders of record on Monday, May 25th were paid a dividend of $0.34 per share. The ex-dividend date of this dividend was Friday, May 22nd. This represents a $1.36 annualized dividend and a dividend yield of 1.0%. Teleflex’s dividend payout ratio (DPR) is -5.96%.

Teleflex 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.