Commerce Bank Has $452,000 Stock Holdings in Teleflex Incorporated (NYSE:TFX)

Commerce Bank boosted its holdings in shares of Teleflex Incorporated (NYSE:TFX) by 6.2% during the 3rd quarter, Holdings Channel reports. The institutional investor owned 1,827 shares of the medical technology company’s stock after buying an additional 106 shares during the period. Commerce Bank’s holdings in Teleflex were worth $452,000 as of its most recent SEC filing.

Several other hedge funds have also recently bought and sold shares of the business. Cromwell Holdings LLC increased its holdings in shares of Teleflex by 59.0% in the 3rd quarter. Cromwell Holdings LLC now owns 132 shares of the medical technology company’s stock valued at $33,000 after purchasing an additional 49 shares during the period. Avior Wealth Management LLC increased its stake in Teleflex by 190.6% in the 3rd quarter. Avior Wealth Management LLC now owns 154 shares of the medical technology company’s stock valued at $38,000 after buying an additional 101 shares during the period. Ashton Thomas Securities LLC purchased a new stake in Teleflex in the 3rd quarter worth approximately $40,000. GAMMA Investing LLC boosted its stake in shares of Teleflex by 131.1% during the 3rd quarter. GAMMA Investing LLC now owns 171 shares of the medical technology company’s stock valued at $42,000 after buying an additional 97 shares during the period. Finally, Canada Pension Plan Investment Board acquired a new stake in shares of Teleflex during the 2nd quarter valued at $42,000. 95.62% of the stock is owned by hedge funds and other institutional investors.

Wall Street Analyst Weigh In

Several analysts recently issued reports on TFX shares. Royal Bank of Canada cut their price objective on Teleflex from $275.00 to $245.00 and set an “outperform” rating for the company in a report on Friday, November 1st. Stephens boosted their price target on Teleflex from $275.00 to $290.00 and gave the company an “overweight” rating in a research note on Friday, August 2nd. Truist Financial reaffirmed a “hold” rating and set a $227.00 price objective (down previously from $255.00) on shares of Teleflex in a research report on Monday, November 4th. StockNews.com downgraded shares of Teleflex from a “buy” rating to a “hold” rating in a research report on Wednesday, November 20th. Finally, Needham & Company LLC restated a “hold” rating on shares of Teleflex in a research note on Friday, November 1st. Four research analysts have rated the stock with a hold rating and six have issued a buy rating to the stock. Based on data from MarketBeat, the company currently has an average rating of “Moderate Buy” and an average target price of $259.25.

Teleflex Trading Down 1.9 %

Shares of TFX stock opened at $191.02 on Wednesday. The business’s 50 day moving average is $222.95 and its two-hundred day moving average is $222.87. The company has a quick ratio of 1.39, a current ratio of 2.42 and a debt-to-equity ratio of 0.37. Teleflex Incorporated has a 12 month low of $185.66 and a 12 month high of $257.85. The company has a market cap of $8.87 billion, a PE ratio of 37.98, a price-to-earnings-growth ratio of 1.96 and a beta of 1.18.

Teleflex (NYSE:TFX) last posted its earnings results on Thursday, October 31st. The medical technology company reported $3.49 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $3.38 by $0.11. Teleflex had a net margin of 7.85% and a return on equity of 14.19%. The business had revenue of $764.40 million for the quarter, compared to analyst estimates of $768.68 million. During the same period last year, the business posted $3.64 EPS. Teleflex’s revenue was up 2.4% compared to the same quarter last year. Equities analysts predict that Teleflex Incorporated will post 13.98 EPS for the current year.

Teleflex Announces Dividend

The firm also recently announced a quarterly dividend, which will be paid on Monday, December 16th. Shareholders of record on Friday, November 15th will be issued a $0.34 dividend. This represents a $1.36 dividend on an annualized basis and a yield of 0.71%. The ex-dividend date of this dividend is Friday, November 15th. Teleflex’s dividend payout ratio (DPR) is currently 27.04%.

Teleflex Profile

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.