Hager Investment Management Services LLC Makes New $77,000 Investment in Teleflex Incorporated (NYSE:TFX)

Hager Investment Management Services LLC acquired a new position in shares of Teleflex Incorporated (NYSE:TFX) during the fourth quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The firm acquired 430 shares of the medical technology company’s stock, valued at approximately $77,000.

A number of other hedge funds have also recently added to or reduced their stakes in the stock. Northwestern Mutual Wealth Management Co. increased its stake in shares of Teleflex by 19.8% in the 2nd quarter. Northwestern Mutual Wealth Management Co. now owns 484 shares of the medical technology company’s stock valued at $102,000 after purchasing an additional 80 shares during the last quarter. Sanctuary Advisors LLC bought a new position in shares of Teleflex in the 2nd quarter valued at $918,000. Handelsbanken Fonder AB increased its stake in shares of Teleflex by 32.4% in the 3rd quarter. Handelsbanken Fonder AB now owns 13,900 shares of the medical technology company’s stock valued at $3,438,000 after purchasing an additional 3,400 shares during the last quarter. Czech National Bank increased its stake in shares of Teleflex by 6.9% in the 3rd quarter. Czech National Bank now owns 9,598 shares of the medical technology company’s stock valued at $2,374,000 after purchasing an additional 623 shares during the last quarter. Finally, GAMMA Investing LLC increased its stake in shares of Teleflex by 131.1% in the 3rd quarter. GAMMA Investing LLC now owns 171 shares of the medical technology company’s stock valued at $42,000 after purchasing an additional 97 shares during the last quarter. Institutional investors own 95.62% of the company’s stock.

Teleflex Stock Up 0.6 %

Shares of Teleflex stock opened at $175.95 on Thursday. Teleflex Incorporated has a one year low of $171.69 and a one year high of $256.85. The company has a debt-to-equity ratio of 0.37, a current ratio of 2.42 and a quick ratio of 1.39. The stock’s 50-day moving average is $181.16 and its 200 day moving average is $212.13. The firm has a market cap of $8.17 billion, a price-to-earnings ratio of 34.98, a PEG ratio of 1.78 and a beta of 1.16.

Analyst Ratings Changes

Several equities analysts have recently issued reports on TFX shares. Needham & Company LLC reiterated a “hold” rating on shares of Teleflex in a research note on Monday, December 16th. Royal Bank of Canada lowered their target price on Teleflex from $275.00 to $245.00 and set an “outperform” rating for the company in a report on Friday, November 1st. Mizuho reduced their price target on Teleflex from $275.00 to $250.00 and set a “neutral” rating on the stock in a research report on Friday, November 1st. StockNews.com upgraded Teleflex from a “hold” rating to a “buy” rating in a research report on Thursday, November 28th. Finally, Truist Financial reduced their price target on Teleflex from $227.00 to $200.00 and set a “hold” rating on the stock in a research report on Wednesday, December 18th. Three investment analysts have rated the stock with a hold rating and five have given a buy rating to the company’s stock. Based on data from MarketBeat, the company currently has an average rating of “Moderate Buy” and an average target price of $252.50.

Teleflex Profile

Teleflex Incorporated designs, develops, manufactures, and supplies single-use medical devices for common diagnostic and therapeutic procedures in critical care and surgical applications worldwide. The company provides vascular access products that comprise Arrow branded catheters, catheter navigation and tip positioning systems, and intraosseous access systems for the administration of intravenous therapies, the measurement of blood pressure, and the withdrawal of blood samples through a single puncture site.