State Treasurer State of Michigan Cuts Holdings in Teleflex Incorporated (TFX)

State Treasurer State of Michigan decreased its position in Teleflex Incorporated (NYSE:TFX) by 4.1% during the 4th quarter, HoldingsChannel reports. The fund owned 16,230 shares of the medical technology company’s stock after selling 700 shares during the quarter. State Treasurer State of Michigan’s holdings in Teleflex were worth $4,038,000 as of its most recent SEC filing.

Other institutional investors also recently made changes to their positions in the company. Atalanta Sosnoff Capital LLC bought a new stake in shares of Teleflex during the 4th quarter worth approximately $280,000. Legal & General Group Plc raised its stake 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 in the last quarter. Koch Industries Inc. raised its stake 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 in the last quarter. Wealth Enhancement Advisory Services LLC bought a new stake in shares of Teleflex during the 3rd quarter worth approximately $955,000. Finally, California Public Employees Retirement System raised its stake in shares of 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 worth $24,725,000 after purchasing an additional 5,182 shares in the last quarter. Institutional investors own 88.86% of the company’s stock.

Teleflex Incorporated (TFX) opened at $263.09 on Thursday. The company has a debt-to-equity ratio of 0.88, a quick ratio of 3.70 and a current ratio of 4.72. The firm has a market capitalization of $11,800.66, a P/E ratio of 32.38, a P/E/G ratio of 1.93 and a beta of 1.15. Teleflex Incorporated has a 1-year low of $170.54 and a 1-year high of $288.78.

A number of equities research analysts have recently issued reports on the company. Piper Jaffray Companies assumed coverage on Teleflex in a research note on Friday, November 10th. They set an “overweight” rating and a $295.00 price objective on the stock. ValuEngine cut Teleflex from a “buy” rating to a “hold” rating in a research note on Friday, December 1st. Needham & Company LLC upped their price objective on Teleflex from $237.00 to $285.00 and gave the stock a “buy” rating in a research note on Friday, November 3rd. Stephens reiterated a “buy” rating and set a $300.00 price objective on shares of Teleflex in a research note on Thursday, January 18th. Finally, Deutsche Bank cut Teleflex from a “buy” rating to a “hold” rating and set a $251.00 price objective on the stock. in a research note on Tuesday, November 14th. One equities research analyst has rated the stock with a sell rating, five have issued a hold rating and six have given a buy rating to the company. The stock presently has an average rating of “Hold” and an average price target of $283.89.

In related news, Director George Babich, Jr. sold 2,500 shares of the business’s stock in a transaction that occurred on Monday, January 29th. The stock was sold at an average price of $283.11, for a total transaction of $707,775.00. Following the transaction, the director now directly owns 9,581 shares of the company’s stock, valued at approximately $2,712,476.91. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, CEO Benson Smith sold 2,000 shares of the business’s stock in a transaction that occurred on Monday, December 4th. The stock was sold at an average price of $258.10, for a total value of $516,200.00. Following the transaction, the chief executive officer now directly owns 76,634 shares in the company, valued at $19,779,235.40. The disclosure for this sale can be found here. Insiders have sold a total of 7,600 shares of company stock worth $2,040,569 over the last three months. 2.39% of the stock is owned by insiders.

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Teleflex 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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Institutional Ownership by Quarter for Teleflex (NYSE:TFX)

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