Teleflex Incorporated (TFX) : West Coast Financial reduced its stake in Teleflex Incorporated by 0.44% during the most recent quarter end. The investment management company now holds a total of 24,099 shares of Teleflex Incorporated which is valued at $4,338,543 after selling 106 shares in Teleflex Incorporated , the firm said in a disclosure report filed with the SEC on Aug 2, 2016.Teleflex Incorporated makes up approximately 1.51% of West Coast Financial’s portfolio.
Other Hedge Funds, Including , Meeder Asset Management Inc added TFX to its portfolio by purchasing 1,591 company shares during the most recent quarter which is valued at $282,928. Teleflex Incorporated makes up approx 0.03% of Meeder Asset Management Inc’s portfolio. Gateway Investment Advisers added TFX to its portfolio by purchasing 1,340 company shares during the most recent quarter which is valued at $242,125.
Teleflex Incorporated closed down -0.97 points or -0.54% at $179.28 with 1,36,423 shares getting traded on Monday. Post opening the session at $179.91, the shares hit an intraday low of $178.131 and an intraday high of $179.97 and the price fluctuated in this range throughout the day.Shares ended Monday 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.
Investors should note that on Jul 28, 2016, Teleflex Incorporated announced a cash dividend of $0.3400. The company’s management has announced Aug 11, 2016 as the ex-dividend date and fixed the record date on Aug 15, 2016. The payable date has been fixed on Sep 15, 2016.
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 .
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 Companys specialty product line consists of a range of catheters including Foley intermittent external and suprapubic; urine collectors; catheterization accessories and products for operative endourology.