Prudential PLC Has $1.91 Million Stock Holdings in Teleflex Incorporated (NYSE:TFX)

Prudential PLC raised its stake in Teleflex Incorporated (NYSE:TFX) by 50.8% during the 4th quarter, Holdings Channel.com reports. The firm owned 10,703 shares of the medical technology company’s stock after buying an additional 3,604 shares during the period. Prudential PLC’s holdings in Teleflex were worth $1,905,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Several other large investors also recently modified their holdings of the stock. Headlands Technologies LLC bought a new position in Teleflex in the 4th quarter valued at about $29,000. Avior Wealth Management LLC increased its stake in shares of Teleflex by 81.2% during the fourth quarter. Avior Wealth Management LLC now owns 279 shares of the medical technology company’s stock worth $50,000 after purchasing an additional 125 shares during the period. IFP Advisors Inc increased its stake in shares of Teleflex by 238.5% during the fourth quarter. IFP Advisors Inc now owns 308 shares of the medical technology company’s stock worth $55,000 after purchasing an additional 217 shares during the period. Exchange Traded Concepts LLC boosted its stake in Teleflex by 38.2% in the 4th quarter. Exchange Traded Concepts LLC now owns 340 shares of the medical technology company’s stock valued at $61,000 after purchasing an additional 94 shares during the period. Finally, R Squared Ltd bought a new stake in Teleflex in the 4th quarter valued at $64,000. 95.62% of the stock is owned by institutional investors.

Analyst Ratings Changes

A number of equities research analysts have recently issued reports on the stock. Wells Fargo & Company reduced their target price on shares of Teleflex from $214.00 to $146.00 and set an “equal weight” rating for the company in a research report on Friday, February 28th. Piper Sandler reissued a “neutral” rating and issued a $140.00 price objective (down previously from $255.00) on shares of Teleflex in a report on Friday, February 28th. Citizens Jmp cut shares of Teleflex from an “outperform” rating to a “market perform” rating in a report on Thursday, February 27th. Raymond James downgraded shares of Teleflex from an “outperform” rating to a “market perform” rating in a research report on Friday, February 28th. Finally, Royal Bank of Canada downgraded Teleflex from an “outperform” rating to a “sector perform” rating and reduced their price target for the stock from $220.00 to $155.00 in a research report on Friday, February 28th. One analyst has rated the stock with a sell rating, nine have assigned a hold rating and two have given a buy rating to the stock. According to data from MarketBeat.com, the company has a consensus rating of “Hold” and an average target price of $182.63.

Teleflex Price Performance

Teleflex stock opened at $131.93 on Monday. The company has a debt-to-equity ratio of 0.37, a quick ratio of 1.39 and a current ratio of 2.42. Teleflex Incorporated has a 52 week low of $128.55 and a 52 week high of $249.91. The stock has a market capitalization of $6.12 billion, a P/E ratio of 26.23, a price-to-earnings-growth ratio of 1.73 and a beta of 1.19. The stock has a fifty day moving average of $154.86 and a 200-day moving average of $186.26.

Teleflex (NYSE:TFX) last issued its earnings results on Thursday, February 27th. The medical technology company reported $3.89 EPS for the quarter, topping the consensus estimate of $3.86 by $0.03. Teleflex had a return on equity of 14.19% and a net margin of 7.85%. The firm had revenue of $795.40 million during the quarter, compared to the consensus estimate of $813.24 million. On average, sell-side analysts expect that Teleflex Incorporated will post 13.98 earnings per share for the current fiscal year.

Teleflex Announces Dividend

The business also recently announced a quarterly dividend, which was paid on Monday, March 17th. Shareholders of record on Friday, March 7th were paid a dividend of $0.34 per share. The ex-dividend date was Friday, March 7th. This represents a $1.36 dividend on an annualized basis and a dividend yield of 1.03%. Teleflex’s payout ratio is presently 95.77%.

About Teleflex

Teleflex Incorporated designs, develops, manufactures, and supplies single-use medical devices for common diagnostic and therapeutic procedures in critical care and surgical applications worldwide. The company provides vascular access products that comprise Arrow branded catheters, catheter navigation and tip positioning systems, and intraosseous access systems for the administration of intravenous therapies, the measurement of blood pressure, and the withdrawal of blood samples through a single puncture site.