Solaris Asset Management Lowers stake in Teleflex Incorporated (TFX)

Teleflex Incorporated (TFX) : Solaris Asset Management reduced its stake in Teleflex Incorporated by 0.74% during the most recent quarter end. The investment management company now holds a total of 30,002 shares of Teleflex Incorporated which is valued at $4.8 Million after selling 225 shares in Teleflex Incorporated , the firm said in a disclosure report filed with the SEC on May 11, 2016.Teleflex Incorporated makes up approximately 3.35% of Solaris Asset Management’s portfolio.

Other Hedge Funds, Including , Teacher Retirement System Of Texas boosted its stake in TFX in the latest quarter, The investment management firm added 1,289 additional shares and now holds a total of 5,115 shares of Teleflex Incorporated which is valued at $814,308. Teleflex Incorporated makes up approx 0.01% of Teacher Retirement System Of Texas’s portfolio. Dixon Hubard Feinour Brown Incva added TFX to its portfolio by purchasing 39,045 company shares during the most recent quarter which is valued at $6.2 Million. Teleflex Incorporated makes up approx 2.04% of Dixon Hubard Feinour Brown Incva’s portfolio.Tiaa Cref Investment Management reduced its stake in TFX by selling 33 shares or 0.06% in the most recent quarter. The Hedge Fund company now holds 55,235 shares of TFX which is valued at $8.9 Million. Teleflex Incorporated makes up approx 0.01% of Tiaa Cref Investment Management’s portfolio.State Of Wisconsin Investment Board reduced its stake in TFX by selling 1,240 shares or 4.1% in the most recent quarter. The Hedge Fund company now holds 29,011 shares of TFX which is valued at $4.7 Million. Teleflex Incorporated makes up approx 0.02% of State Of Wisconsin Investment Board’s portfolio.Kames Capital Plc reduced its stake in TFX by selling 543 shares or 8.14% in the most recent quarter. The Hedge Fund company now holds 6,129 shares of TFX which is valued at $954,776. Teleflex Incorporated makes up approx 0.03% of Kames Capital Plc’s portfolio.

Teleflex Incorporated opened for trading at $159.42 and hit $162.15 on the upside on Monday, eventually ending the session at $161.93, with a gain of 1.71% or 2.73 points. The heightened volatility saw the trading volume jump to 2,08,454 shares. Company has a market cap of $7,059 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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