Lourd Capital LLC Buys New Holdings in Teleflex Incorporated (TFX)
Lourd Capital LLC bought a new position in Teleflex Incorporated (NYSE:TFX) during the 4th quarter, HoldingsChannel.com reports. The fund bought 1,071 shares of the medical technology company’s stock, valued at approximately $266,000.
A number of other institutional investors and hedge funds have also recently made changes to their positions in the stock. Clinton Group Inc. bought a new position in shares of Teleflex during the 2nd quarter worth about $325,000. Legal & General Group Plc increased its holdings in shares of Teleflex by 5.8% during the 3rd quarter. Legal & General Group Plc now owns 90,332 shares of the medical technology company’s stock worth $21,854,000 after purchasing an additional 4,929 shares during the period. Koch Industries Inc. increased its holdings in shares of Teleflex by 47,174.3% during the 2nd quarter. Koch Industries Inc. now owns 959,669 shares of the medical technology company’s stock worth $955,000 after purchasing an additional 957,639 shares during the period. Wealth Enhancement Advisory Services LLC bought a new position in shares of Teleflex during the 3rd quarter worth about $955,000. Finally, Atalanta Sosnoff Capital LLC bought a new position in shares of Teleflex during the 4th quarter worth about $280,000. Hedge funds and other institutional investors own 89.32% of the company’s stock.
Several research analysts have recently issued reports on the stock. Stephens restated a “buy” rating and set a $300.00 price objective on shares of Teleflex in a report on Thursday, January 18th. Morgan Stanley boosted their price objective on shares of Teleflex from $274.00 to $290.00 and gave the stock an “equal weight” rating in a report on Friday, November 3rd. ValuEngine downgraded shares of Teleflex from a “buy” rating to a “hold” rating in a report on Friday, December 1st. Piper Jaffray Companies assumed coverage on shares of Teleflex in a report on Friday, November 10th. They set an “overweight” rating and a $295.00 price objective on the stock. Finally, Jefferies Group boosted their price objective on shares of Teleflex from $270.00 to $295.00 and gave the stock a “buy” rating in a report on Friday, November 3rd. One investment analyst has rated the stock with a sell rating, five have given a hold rating and six have assigned a buy rating to the company’s stock. Teleflex has a consensus rating of “Hold” and a consensus target price of $277.78.
Shares of Teleflex Incorporated (NYSE TFX) opened at $284.59 on Monday. The firm has a market cap of $12,820.00, a PE ratio of 51.37, a P/E/G ratio of 2.05 and a beta of 1.09. Teleflex Incorporated has a 52 week low of $162.79 and a 52 week high of $287.18. The company has a debt-to-equity ratio of 0.88, a current ratio of 4.72 and a quick ratio of 3.70.
Teleflex (NYSE:TFX) last posted its earnings results on Thursday, November 2nd. The medical technology company reported $2.12 earnings per share for the quarter, beating the Zacks’ consensus estimate of $2.01 by $0.11. The business had revenue of $534.70 million for the quarter, compared to analysts’ expectations of $522.94 million. Teleflex had a net margin of 12.41% and a return on equity of 16.27%. The firm’s revenue for the quarter was up 17.3% on a year-over-year basis. During the same quarter in the previous year, the firm posted $1.80 earnings per share. equities analysts expect that Teleflex Incorporated will post 8.36 EPS for the current year.
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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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