According to the most recent 13F report that the company has filed with the SEC, Congress Wealth Management LLC DE reduced its holdings in Teleflex Incorporated (NYSE: TFX) by 27.8 percentage points during the third quarter.
The institutional investor now has 11,101 shares of the medical technology company’s stock in possession after selling 4,284 shares of the company’s stock during the quarter.
This brings the total number of shares they own to 11,101.
According to the most recent filing that Congress Wealth Management LLC DE made with the SEC, the value of its holdings in Teleflex was reported to be $2,236,000.
In addition, hedge funds and various other institutional investors have altered how they invest in the company to take advantage of recent developments.
During the third quarter of this fiscal year, the State Board of Administration of the Florida Retirement System increased its holdings in Teleflex by 1.5%. Following the acquisition of an additional 828 shares throughout the period, the State Board of Administration of the Florida Retirement System now possesses 54,999 shares of stock in the medical technology company.
These shares are currently worth a total of $11,080,000 as of right now.
During the third quarter, the investment portfolio managed by Mutual of America Capital Management LLC increased the percentage of its holdings invested in Teleflex by 1.5%.
Mutual of America Capital Management LLC now directly owns 6,506 shares of the medical technology company’s stock as a result of the purchase of 98 additional shares during the period in question.
There is a value of $1,311,000 attached to these shares.
During the third quarter, the holdings of Teleflex that the North Carolina Treasurer manages saw a gain of 1.3% in value.
The Treasurer of the State of North Carolina now has 20,750 shares of stock in the medical technology business, which are currently valued at $4,180,000 after purchasing an additional 270 shares during the period in question.
This brings the treasurer’s total number of shares to 20,750. Finally, but certainly not least, TD Asset Management INC increased its holdings in Teleflex by 2.0% during the third quarter of this year.
Epic Trust Investment Advisors LLC made a new investment in Teleflex during the third quarter that cost approximately $217,000.
TD Asset Management INC now holds a total of 532,817 shares of the medical technology company’s stock following the acquisition of an additional 10,531 shares during the most recent quarter.
These shares currently have a total value of $108,679,000 due to the company’s recent stock price increase.
The majority of the stock, or 93.82 percent, is owned by hedge funds and other institutional investors.
Many different analyst papers have included TFX as a topic for discussion.
In a research report made public on Friday, October 28th, the Royal Bank of Canada gave Teleflex a rating of “neutral,” which is a step down from the “outperform” rating it had previously given the company.
In addition, the bank lowered its price objective for the company from $342.00 to $300.00, bringing it closer to current market conditions.
The price target that Wells Fargo & Company has set for Teleflex has been reduced from $248.00 to $229.00, as stated in a research report that was made public on Friday, October 28th.
In addition to that, they rated the stock as “equal weight,” which means “equal value.” In a research note published on January 31st, Truist Financial stated that they no longer maintain their “hold” rating for Teleflex and have decreased their price objective from $272.00 to $260.00. Raymond James decreased its target price for Teleflex from $266.00 to $231.00 in a report on the company’s investment strategy published on Friday, October 28th.
In addition, the company was given an “outperform” rating by the firm. Stephens upgraded Teleflex from “underweight” to “overweight” in a research note published on Wednesday, December 28th.
Additionally, Stephens raised their target price for the stock from $280.00 to $295.00, which was also included in the release.
The company’s stock was the subject of both of these amendments to the agreement. Five equity research analysts have issued a recommendation to purchase company shares, while seven analysts have advised investors to maintain their current company stock holdings.
The stock is currently recommended as “Hold,” and analysts have set an average price objective of $268.58, as indicated by the data on Bloomberg.com.
On Thursday, the opening price of a share on the NYSE TFX was $253.95, which remained unchanged throughout the trading day.
During the previous year, the price of Teleflex Incorporated fluctuated between $182.65 and $356.72 at various points, reaching a low of $182.65 and a high of $356.72.
The company has a P/E ratio of 29.12, a PEG ratio of 2.90, and a beta value of 0.99; these metrics indicate that the company is highly valued.
The company’s market value is $11.91 billion, and its PEG ratio is 2.90.
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