Kimelman Baird buys $24.8 Million stake in Teleflex Incorporated (TFX)

Teleflex Incorporated (TFX) : Kimelman Baird scooped up 2,679 additional shares in Teleflex Incorporated during the most recent quarter end , the firm said in a disclosure report filed with the SEC on May 13, 2016. The investment management firm now holds a total of 155,609 shares of Teleflex Incorporated which is valued at $24.8 Million.Teleflex Incorporated makes up approximately 4.59% of Kimelman Baird’s portfolio.

Other Hedge Funds, Including , Parametric Portfolio Associates boosted its stake in TFX in the latest quarter, The investment management firm added 25,664 additional shares and now holds a total of 119,220 shares of Teleflex Incorporated which is valued at $19 Million. Teleflex Incorporated makes up approx 0.03% of Parametric Portfolio Associates’s portfolio.Guyasuta Investment Advisors Inc reduced its stake in TFX by selling 275 shares or 3.78% in the most recent quarter. The Hedge Fund company now holds 7,000 shares of TFX which is valued at $1.1 Million. Teleflex Incorporated makes up approx 0.15% of Guyasuta Investment Advisors Inc’s portfolio.Ironbridge Capital Management Lp reduced its stake in TFX by selling 10,790 shares or 7.8% in the most recent quarter. The Hedge Fund company now holds 127,460 shares of TFX which is valued at $20.3 Million. Teleflex Incorporated makes up approx 0.82% of Ironbridge Capital Management Lp’s portfolio.Cannell Peter B Co Inc reduced its stake in TFX by selling 525 shares or 8.05% in the most recent quarter. The Hedge Fund company now holds 6,000 shares of TFX which is valued at $955,200. Teleflex Incorporated makes up approx 0.03% of Cannell Peter B Co Inc’s portfolio.Buffington Mohr Mcneal boosted its stake in TFX in the latest quarter, The investment management firm added 5,100 additional shares and now holds a total of 7,685 shares of Teleflex Incorporated which is valued at $1.2 Million. Teleflex Incorporated makes up approx 0.53% of Buffington Mohr Mcneal’s portfolio.

Teleflex Incorporated opened for trading at $159.64 and hit $160.78 on the upside on Wednesday, eventually ending the session at $160.65, with a gain of 0.46% or 0.73 points. The heightened volatility saw the trading volume jump to 1,40,663 shares. Company has a market cap of $7,004 M.

On the company’s financial health, Teleflex Incorporated reported $1.52 EPS for the quarter, beating the analyst consensus estimate by $ 0.17 according to the earnings call on Apr 28, 2016. Analyst had a consensus of $1.35. The company had revenue of $424.90 million for the quarter, compared to analysts expectations of $423.03 million. The company’s revenue was down -1.0 % compared to the same quarter last year.During the same quarter in the previous year, the company posted $1.30 EPS.

Many Wall Street Analysts have commented on Teleflex Incorporated. 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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