Solaris Asset Management Lowers stake in Teleflex Incorporated (TFX)

Teleflex Incorporated (TFX) : Solaris Asset Management reduced its stake in Teleflex Incorporated by 5.32% during the most recent quarter end. The investment management company now holds a total of 28,407 shares of Teleflex Incorporated which is valued at $4,963,839 after selling 1,595 shares in Teleflex Incorporated , the firm said in a disclosure report filed with the SEC on Jul 26, 2016.Teleflex Incorporated makes up approximately 3.53% of Solaris Asset Management’s portfolio.

Other Hedge Funds, Including , American Century Companies Inc reduced its stake in TFX by selling 167,902 shares or 15.37% in the most recent quarter. The Hedge Fund company now holds 924,231 shares of TFX which is valued at $161,500,125. Teleflex Incorporated makes up approx 0.18% of American Century Companies Inc’s portfolio. Sanders Morris Harris sold out all of its stake in TFX during the most recent quarter. The investment firm sold 3,600 shares of TFX which is valued $629,064. Sunnymeath Asset Management added TFX to its portfolio by purchasing 7,600 company shares during the most recent quarter which is valued at $1,360,704. Teleflex Incorporated makes up approx 1.92% of Sunnymeath Asset Management’s portfolio.State Of Alaska Department Of Revenue boosted its stake in TFX in the latest quarter, The investment management firm added 280 additional shares and now holds a total of 4,035 shares of Teleflex Incorporated which is valued at $722,426. Teleflex Incorporated makes up approx 0.07% of State Of Alaska Department Of Revenue’s portfolio. Hollencrest Securities sold out all of its stake in TFX during the most recent quarter. The investment firm sold 1,679 shares of TFX which is valued $305,746.

Teleflex Incorporated closed down -0.26 points or -0.14% at $180.31 with 1,99,707 shares getting traded on Friday. Post opening the session at $179.32, the shares hit an intraday low of $179.32 and an intraday high of $181.59 and the price fluctuated in this range throughout the day.Shares ended Friday session in Red.

On the company’s financial health, Teleflex Incorporated reported $1.89 EPS for the quarter, beating the analyst consensus estimate by $ 0.15 according to the earnings call on Jul 28, 2016. Analyst had a consensus of $1.74. The company had revenue of $473.60 million for the quarter, compared to analysts expectations of $468.18 million. The company’s revenue was up 4.8% compared to the same quarter last year. During the same quarter in the previous year, the company posted $1.42 EPS.

Many Wall Street Analysts have commented on Teleflex Incorporated. Teleflex Incorporated was Downgraded by KeyBanc Capital Mkts to ” Sector Weight” on Jul 12, 2016. Company shares were Reiterated by Barclays on Jun 14, 2016 to “Overweight”, Firm has raised the Price Target to $ 183 from a previous price target of $170 .Company shares were Reiterated by Barclays on Apr 29, 2016 to “Overweight”, Firm has raised the Price Target to $ 170 from a previous price target of $155 .

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 also markets and sells its products to hospitals and healthcare providers. The Company operates its business in six segments: Vascular North America; Anesthesia/Respiratory North America; Surgical North America; Europe the Middle East and Africa (EMEA); Asia and Original Equipment Manufacturer (OEM). The Company manufactures its products at 26 manufacturing sites with manufacturing operations located in the Czech Republic Germany Malaysia Mexico and the United States. The Company’s specialty product line consists of a range of catheters including Foley intermittent external and suprapubic; urine collectors; catheterization accessories and products for operative endourology.

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