Swiss National Bank Increases Stake in ICU Medical, Inc. (NASDAQ:ICUI)

Swiss National Bank lifted its stake in shares of ICU Medical, Inc. (NASDAQ:ICUI) by 0.9% during the 3rd quarter, HoldingsChannel reports. The fund owned 44,519 shares of the medical instruments supplier’s stock after acquiring an additional 400 shares during the period. Swiss National Bank’s holdings in ICU Medical were worth $10,390,000 at the end of the most recent quarter.

Several other hedge funds also recently made changes to their positions in ICUI. Boston Trust Walden Corp lifted its holdings in shares of ICU Medical by 62.6% during the 3rd quarter. Boston Trust Walden Corp now owns 225,679 shares of the medical instruments supplier’s stock worth $52,669,000 after acquiring an additional 86,921 shares during the period. Kennedy Capital Management Inc. lifted its holdings in shares of ICU Medical by 1,786.5% during the 2nd quarter. Kennedy Capital Management Inc. now owns 90,833 shares of the medical instruments supplier’s stock worth $18,693,000 after acquiring an additional 86,018 shares during the period. Eagle Asset Management Inc. lifted its holdings in shares of ICU Medical by 66.8% during the 2nd quarter. Eagle Asset Management Inc. now owns 131,026 shares of the medical instruments supplier’s stock worth $26,965,000 after acquiring an additional 52,453 shares during the period. Dimensional Fund Advisors LP lifted its holdings in shares of ICU Medical by 19.5% during the 2nd quarter. Dimensional Fund Advisors LP now owns 318,099 shares of the medical instruments supplier’s stock worth $65,464,000 after acquiring an additional 51,902 shares during the period. Finally, WCM Investment Management LLC lifted its holdings in shares of ICU Medical by 80.4% during the 3rd quarter. WCM Investment Management LLC now owns 115,913 shares of the medical instruments supplier’s stock worth $27,052,000 after acquiring an additional 51,654 shares during the period. Institutional investors and hedge funds own 93.27% of the company’s stock.

ICUI opened at $219.99 on Friday. The firm has a 50 day moving average price of $233.76 and a 200 day moving average price of $220.98. The company has a market cap of $4.67 billion, a PE ratio of 43.65 and a beta of 0.51. ICU Medical, Inc. has a 1 year low of $183.39 and a 1 year high of $282.00.

ICU Medical (NASDAQ:ICUI) last posted its earnings results on Wednesday, November 3rd. The medical instruments supplier reported $2.07 earnings per share (EPS) for the quarter, topping the Zacks’ consensus estimate of $1.57 by $0.50. The firm had revenue of $336.06 million during the quarter, compared to the consensus estimate of $314.20 million. ICU Medical had a net margin of 8.44% and a return on equity of 8.72%. During the same quarter in the prior year, the company earned $1.61 EPS. On average, analysts expect that ICU Medical, Inc. will post 6.28 EPS for the current year.

In related news, CEO Vivek Jain sold 1,159 shares of the stock in a transaction that occurred on Thursday, December 30th. The shares were sold at an average price of $240.00, for a total transaction of $278,160.00. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at the SEC website. 9.10% of the stock is currently owned by corporate insiders.

Separately, KeyCorp cut their price objective on shares of ICU Medical from $302.00 to $280.00 and set an “overweight” rating on the stock in a report on Friday, October 22nd.

About ICU Medical

ICU Medical, Inc engages in the development, manufacture, and sale of innovative medical devices used in vascular therapy and critical care applications. Its product portfolio includes intravenous smart pumps, sets, connectors, closed transfer devices for hazardous drugs, cardiac monitoring systems, IV solutions, IV smart pumps with pain management and safety software technology, dedicated and non-dedicated IV sets and needle-free connectors.

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Institutional Ownership by Quarter for ICU Medical (NASDAQ:ICUI)

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