Teleflex Incorporated (NYSE:TFX) Director George Babich, Jr. sold 2,500 shares of Teleflex stock in a transaction that occurred on Monday, February 12th. The stock was sold at an average price of $252.57, for a total value of $631,425.00. Following the completion of the transaction, the director now owns 10,259 shares of the company’s stock, valued at approximately $2,591,115.63. The sale was disclosed in a legal filing with the SEC, which is accessible through the SEC website.
Shares of Teleflex Incorporated (TFX) opened at $260.96 on Thursday. Teleflex Incorporated has a one year low of $175.68 and a one year high of $288.78. The company has a current ratio of 4.72, a quick ratio of 3.70 and a debt-to-equity ratio of 0.88. The stock has a market capitalization of $11,496.57, a P/E ratio of 47.62, a P/E/G ratio of 1.88 and a beta of 1.15.
TFX has been the subject of a number of research analyst reports. Piper Jaffray Companies initiated coverage on Teleflex in a research note on Friday, November 10th. They set an “overweight” rating and a $295.00 price target for the company. ValuEngine lowered Teleflex from a “buy” rating to a “hold” rating in a research note on Friday, December 1st. Needham & Company LLC raised their price target on Teleflex from $237.00 to $285.00 and gave the stock a “buy” rating in a research note on Friday, November 3rd. Stephens reissued a “buy” rating and set a $300.00 price target on shares of Teleflex in a research note on Thursday, January 18th. Finally, Deutsche Bank lowered Teleflex from a “buy” rating to a “hold” rating and set a $251.00 price target for the company. in a research note on Tuesday, November 14th. One equities 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 stock. The stock currently has a consensus rating of “Hold” and an average price target of $283.89.
Hedge funds have recently modified their holdings of the stock. Atalanta Sosnoff Capital LLC bought a new stake in Teleflex during the 4th quarter valued at $280,000. Legal & General Group Plc raised its position in Teleflex by 5.8% during the 3rd quarter. Legal & General Group Plc now owns 90,332 shares of the medical technology company’s stock valued at $21,854,000 after purchasing an additional 4,929 shares in the last quarter. Wealth Enhancement Advisory Services LLC bought a new stake in Teleflex during the 3rd quarter valued at $955,000. California Public Employees Retirement System raised its position in Teleflex by 5.3% during the 3rd quarter. California Public Employees Retirement System now owns 102,182 shares of the medical technology company’s stock valued at $24,725,000 after purchasing an additional 5,182 shares in the last quarter. Finally, Sumitomo Mitsui Trust Holdings Inc. raised its position in Teleflex by 1.6% during the 3rd quarter. Sumitomo Mitsui Trust Holdings Inc. now owns 128,651 shares of the medical technology company’s stock valued at $31,130,000 after purchasing an additional 2,050 shares in the last quarter. 89.22% of the stock is owned by hedge funds and other institutional investors.
Teleflex Company Profile
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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