Connable Office Inc. Takes Position in Cantel Medical Corp. (CMD)
Connable Office Inc. bought a new position in Cantel Medical Corp. (NYSE:CMD) during the second quarter, Holdings Channel reports. The institutional investor bought 3,282 shares of the company’s stock, valued at approximately $256,000.
Several other large investors have also recently bought and sold shares of the company. Integrated Investment Consultants LLC bought a new position in shares of Cantel Medical Corp. during the second quarter worth approximately $161,000. LS Investment Advisors LLC acquired a new position in Cantel Medical Corp. during the second quarter worth about $172,000. First Quadrant L P CA acquired a new position in Cantel Medical Corp. during the second quarter worth about $233,000. Cue Financial Group Inc. acquired a new position in Cantel Medical Corp. during the second quarter worth about $234,000. Finally, Bank of Montreal Can acquired a new position in Cantel Medical Corp. during the second quarter worth about $248,000. 83.88% of the stock is owned by institutional investors.
Shares of Cantel Medical Corp. (NYSE:CMD) opened at 73.79 on Friday. The company’s 50-day moving average price is $75.90 and its 200 day moving average price is $76.88. The company has a market cap of $3.06 billion, a P/E ratio of 43.66 and a beta of 1.23. Cantel Medical Corp. has a one year low of $68.19 and a one year high of $88.81.
Cantel Medical Corp. (NYSE:CMD) last issued its quarterly earnings data on Thursday, June 8th. The company reported $0.51 EPS for the quarter, hitting the Thomson Reuters’ consensus estimate of $0.51. Cantel Medical Corp. had a return on equity of 17.75% and a net margin of 9.50%. The company had revenue of $192.10 million during the quarter, compared to analyst estimates of $193.84 million. The business’s revenue was up 10.6% compared to the same quarter last year. On average, equities research analysts anticipate that Cantel Medical Corp. will post $2.06 earnings per share for the current year.
The business also recently declared a semiannual dividend, which was paid on Monday, July 31st. Shareholders of record on Monday, July 17th were issued a dividend of $0.07 per share. This represents a yield of 0.18%. The ex-dividend date was Thursday, July 13th. Cantel Medical Corp.’s dividend payout ratio is presently 8.28%.
CMD has been the topic of a number of recent analyst reports. Zacks Investment Research cut Cantel Medical Corp. from a “hold” rating to a “sell” rating in a research report on Monday, June 5th. Needham & Company LLC reaffirmed a “hold” rating on shares of Cantel Medical Corp. in a research note on Thursday, June 8th. Benchmark Co. lowered Cantel Medical Corp. from a “buy” rating to a “hold” rating in a research note on Friday, June 9th. Finally, Sidoti raised Cantel Medical Corp. from a “neutral” rating to a “buy” rating and set a $92.00 price objective on the stock in a research note on Wednesday, August 2nd. Four research analysts have rated the stock with a hold rating and one has issued a buy rating to the company’s stock. The company presently has a consensus rating of “Hold” and a consensus target price of $91.67.
In other news, Chairman Charles M. Diker sold 35,000 shares of the business’s stock in a transaction dated Wednesday, July 12th. The stock was sold at an average price of $75.52, for a total value of $2,643,200.00. Following the transaction, the chairman now directly owns 3,114,520 shares in the company, valued at $235,208,550.40. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through this hyperlink. Also, Chairman Charles M. Diker sold 13,000 shares of the business’s stock in a transaction dated Monday, June 12th. The shares were sold at an average price of $76.36, for a total value of $992,680.00. Following the completion of the transaction, the chairman now owns 3,124,222 shares in the company, valued at $238,565,591.92. The disclosure for this sale can be found here. Insiders own 14.90% of the company’s stock.
Cantel Medical Corp. Company Profile
Cantel Medical Corp. is a provider of infection prevention products and services in the healthcare market. The Company’s operating segments include Endoscopy; Water Purification and Filtration; Healthcare Disposables, and Dialysis. Its Endoscopy segment includes medical device reprocessing systems, disinfectants, detergents and other supplies.
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