Copper Rock Capital Partners buys $40,831,146 stake in Teleflex Incorporated (TFX)

Teleflex Incorporated (TFX) : Copper Rock Capital Partners scooped up 3,577 additional shares in Teleflex Incorporated during the most recent quarter end , the firm said in a disclosure report filed with the SEC on Jul 19, 2016. The investment management firm now holds a total of 228,056 shares of Teleflex Incorporated which is valued at $40,831,146.Teleflex Incorporated makes up approximately 2.97% of Copper Rock Capital Partners’s portfolio.

Other Hedge Funds, Including , 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. Legacy Private Trust added TFX to its portfolio by purchasing 15,543 company shares during the most recent quarter which is valued at $2,778,778. Teleflex Incorporated makes up approx 0.40% of Legacy Private Trust’s portfolio.Raymond James Trust N.a. reduced its stake in TFX by selling 134 shares or 5.8% in the most recent quarter. The Hedge Fund company now holds 2,177 shares of TFX which is valued at $396,432. Teleflex Incorporated makes up approx 0.03% of Raymond James Trust N.a.’s portfolio.

Teleflex Incorporated opened for trading at $179.83 and hit $180.41 on the upside on Wednesday, eventually ending the session at $179.04, with a gain of 0.12% or 0.22 points. The heightened volatility saw the trading volume jump to 3,27,259 shares. Company has a market cap of $7,805 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. 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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