Teleflex Incorporated (TFX) CEO Benson Smith Sells 2,000 Shares
Teleflex Incorporated (NYSE:TFX) CEO Benson Smith sold 2,000 shares of Teleflex stock in a transaction on Monday, December 4th. The stock was sold at an average price of $258.10, for a total transaction of $516,200.00. Following the sale, the chief executive officer now directly owns 76,634 shares in the company, valued at approximately $19,779,235.40. The sale was disclosed in a legal filing with the SEC, which can be accessed through this hyperlink.
Teleflex Incorporated (TFX) traded down $1.23 during midday trading on Wednesday, hitting $251.75. The stock had a trading volume of 341,500 shares, compared to its average volume of 260,808. Teleflex Incorporated has a fifty-two week low of $151.22 and a fifty-two week high of $271.23. The company has a debt-to-equity ratio of 0.88, a quick ratio of 3.70 and a current ratio of 4.72. The stock has a market cap of $11,396.56, a price-to-earnings ratio of 31.27, a PEG ratio of 2.16 and a beta of 1.09.
Teleflex (NYSE:TFX) last posted its quarterly earnings results on Thursday, November 2nd. The medical technology company reported $2.12 EPS for the quarter, topping the consensus estimate of $2.01 by $0.11. Teleflex had a return on equity of 16.27% and a net margin of 12.41%. The business had revenue of $534.70 million for the quarter, compared to analyst estimates of $522.94 million. During the same quarter in the previous year, the firm earned $1.80 EPS. The company’s quarterly revenue was up 17.3% compared to the same quarter last year. equities research analysts expect that Teleflex Incorporated will post 8.35 earnings per share for the current fiscal year.
The business also recently declared a quarterly dividend, which will be paid on Friday, December 15th. Stockholders of record on Wednesday, November 15th will be issued a dividend of $0.34 per share. The ex-dividend date is Tuesday, November 14th. This represents a $1.36 annualized dividend and a dividend yield of 0.54%. Teleflex’s dividend payout ratio is presently 24.82%.
Several brokerages have issued reports on TFX. Needham & Company LLC lifted their target price on shares of Teleflex from $228.00 to $237.00 and gave the stock a “buy” rating in a research note on Tuesday, September 5th. Piper Jaffray Companies began coverage on shares of Teleflex in a research note on Friday, November 10th. They set an “overweight” rating and a $295.00 target price on the stock. Morgan Stanley raised shares of Teleflex from an “equal weight” rating to an “overweight” rating and lifted their target price for the stock from $220.00 to $274.00 in a research note on Wednesday, September 6th. KeyCorp reaffirmed a “hold” rating on shares of Teleflex in a research note on Wednesday, September 6th. Finally, Jefferies Group reaffirmed a “buy” rating and set a $253.00 target price (up previously from $230.00) on shares of Teleflex in a research note on Wednesday, August 9th. One research analyst has rated the stock with a sell rating, five have assigned a hold rating and six have given a buy rating to the company’s stock. Teleflex has an average rating of “Hold” and a consensus target price of $274.44.
Hedge funds and other institutional investors have recently bought and sold shares of the company. Toronto Dominion Bank raised its holdings in shares of Teleflex by 14.5% during the 2nd quarter. Toronto Dominion Bank now owns 552 shares of the medical technology company’s stock worth $115,000 after acquiring an additional 70 shares during the period. Advisory Services Network LLC raised its holdings in shares of Teleflex by 933.8% during the 2nd quarter. Advisory Services Network LLC now owns 827 shares of the medical technology company’s stock worth $172,000 after acquiring an additional 747 shares during the period. Cornerstone Capital Management Holdings LLC. purchased a new position in shares of Teleflex during the 2nd quarter worth $175,000. Coldstream Capital Management Inc. purchased a new stake in Teleflex in the 3rd quarter valued at about $226,000. Finally, Calamos Advisors LLC purchased a new stake in Teleflex in the 2nd quarter valued at about $206,000. Institutional investors and hedge funds own 89.31% of the company’s stock.
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Teleflex Incorporated is a provider of medical technology products. The Company designs, develops, manufactures and supplies single-use medical devices used by hospitals and healthcare providers for diagnostic and therapeutic procedures in critical care and surgical applications. The Company operates through six segments: Vascular North America; Anesthesia North America; Surgical North America; Europe, the Middle East and Africa (EMEA); Asia, and Original Equipment Manufacturer (OEM).
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