Man Group plc Takes $1.69 Million Position in Teleflex Incorporated $TFX

Man Group plc acquired a new position in shares of Teleflex Incorporated (NYSE:TFX) in the 2nd quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor acquired 13,297 shares of the medical technology company’s stock, valued at approximately $1,686,000.

A number of other hedge funds have also modified their holdings of TFX. Kelleher Financial Advisors acquired a new stake in Teleflex in the 2nd quarter valued at approximately $25,000. Banque Cantonale Vaudoise boosted its position in Teleflex by 82.5% during the 4th quarter. Banque Cantonale Vaudoise now owns 250 shares of the medical technology company’s stock worth $31,000 after acquiring an additional 113 shares during the last quarter. UMB Bank n.a. grew its stake in shares of Teleflex by 57.1% during the 4th quarter. UMB Bank n.a. now owns 311 shares of the medical technology company’s stock worth $38,000 after acquiring an additional 113 shares in the last quarter. Allworth Financial LP bought a new position in shares of Teleflex during the 2nd quarter worth approximately $44,000. Finally, Kestra Advisory Services LLC acquired a new stake in shares of Teleflex in the fourth quarter valued at approximately $45,000. 95.62% of the stock is currently owned by institutional investors.

Wall Street Analyst Weigh In

A number of analysts have recently commented on TFX shares. Needham & Company LLC boosted their price objective on shares of Teleflex from $159.00 to $170.00 and gave the stock a “buy” rating in a research report on Tuesday, August 25th. Truist Financial lifted their price target on shares of Teleflex from $143.00 to $150.00 and gave the company a “hold” rating in a research note on Monday, August 10th. Piper Sandler reissued an “overweight” rating and set a $169.00 price target (up from $160.00) on shares of Teleflex in a research report on Friday, August 7th. Raymond James Financial restated an “outperform” rating and set a $150.00 price objective on shares of Teleflex in a research note on Friday, May 8th. Finally, Wells Fargo & Company raised their price objective on Teleflex from $130.00 to $138.00 and gave the company an “equal weight” rating in a report on Friday, May 8th. One equities research analyst has rated the stock with a Strong Buy rating, four have issued a Buy rating, six have assigned a Hold rating and one has given a Sell rating to the company. Based on data from MarketBeat, the company presently has an average rating of “Hold” and an average target price of $152.90.

Teleflex Stock Performance

NYSE TFX opened at $140.59 on Wednesday. The firm has a market capitalization of $5.96 billion, a P/E ratio of -6.04, a price-to-earnings-growth ratio of 0.95 and a beta of 0.82. The company has a current ratio of 2.60, a quick ratio of 2.12 and a debt-to-equity ratio of 0.94. The firm’s fifty day moving average price is $134.59 and its two-hundred day moving average price is $126.54. Teleflex Incorporated has a 1 year low of $100.18 and a 1 year high of $145.00.

Teleflex (NYSE:TFX) last announced its quarterly earnings data on Thursday, August 6th. The medical technology company reported $1.76 EPS for the quarter, beating analysts’ consensus estimates of $1.28 by $0.48. The company had revenue of $570.33 million during the quarter, compared to the consensus estimate of $559.59 million. Teleflex had a negative net margin of 39.67% and a positive return on equity of 11.93%. The company’s quarterly revenue was up 28.9% on a year-over-year basis. During the same quarter last year, the firm posted $3.73 EPS. Teleflex has set its FY 2026 guidance at 6.900-7.200 EPS. As a group, research analysts anticipate that Teleflex Incorporated will post 7.26 EPS for the current year.

Teleflex Dividend Announcement

The firm also recently declared a quarterly dividend, which will be paid on Wednesday, September 30th. Investors of record on Friday, August 14th will be issued a dividend of $0.34 per share. The ex-dividend date is Friday, August 14th. This represents a $1.36 dividend on an annualized basis and a yield of 1.0%. Teleflex’s dividend payout ratio (DPR) is presently -5.84%.

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.