BidaskClub upgraded shares of Utah Medical Products (NASDAQ:UTMD) from a hold rating to a buy rating in a research report released on Saturday morning, BidAskClub reports.

Shares of NASDAQ:UTMD opened at $98.78 on Friday. The company has a market cap of $359.24 million, a PE ratio of 26.29 and a beta of 0.83. Utah Medical Products has a 1-year low of $73.98 and a 1-year high of $102.70. The stock’s 50-day moving average price is $89.41.

The company also recently disclosed a quarterly dividend, which will be paid on Thursday, October 3rd. Shareholders of record on Friday, September 13th will be issued a dividend of $0.275 per share. The ex-dividend date of this dividend is Thursday, September 12th. This represents a $1.10 annualized dividend and a yield of 1.11%.

Large investors have recently made changes to their positions in the business. Bank of Montreal Can raised its holdings in Utah Medical Products by 312.8% during the 2nd quarter. Bank of Montreal Can now owns 388 shares of the medical instruments supplier’s stock worth $37,000 after purchasing an additional 294 shares during the last quarter. BNP Paribas Arbitrage SA raised its holdings in Utah Medical Products by 428.7% during the 1st quarter. BNP Paribas Arbitrage SA now owns 719 shares of the medical instruments supplier’s stock worth $63,000 after purchasing an additional 583 shares during the last quarter. Krane Funds Advisors LLC bought a new stake in Utah Medical Products during the 2nd quarter worth about $70,000. Aperio Group LLC bought a new stake in Utah Medical Products during the 2nd quarter worth about $76,000. Finally, Metropolitan Life Insurance Co. NY raised its holdings in Utah Medical Products by 605.0% during the 4th quarter. Metropolitan Life Insurance Co. NY now owns 1,537 shares of the medical instruments supplier’s stock worth $128,000 after purchasing an additional 1,319 shares during the last quarter. 74.67% of the stock is owned by hedge funds and other institutional investors.

Utah Medical Products Company Profile

Utah Medical Products, Inc develops, manufactures, and distributes medical devices for the healthcare industry in the United States, Europe, and internationally. The company offers fetal monitoring accessories, vacuum-assisted delivery systems, and other labor and delivery tools; DISPOSA-HOOD, an infant respiratory hood; and DELTRAN PLUS, a blood pressure monitoring system.

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