3,106 Shares in Cantel Medical Corp. (CMD) Purchased by HPM Partners LLC
HPM Partners LLC bought a new position in shares of Cantel Medical Corp. (NYSE:CMD) in the second quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The firm bought 3,106 shares of the company’s stock, valued at approximately $252,000.
Other institutional investors and hedge funds have also recently bought and sold shares of the company. Connable Office Inc. acquired a new position in Cantel Medical Corp. in the second quarter valued at about $256,000. Pennsylvania Trust Co acquired a new position in Cantel Medical Corp. in the second quarter valued at about $6,590,000. Rhumbline Advisers acquired a new position in Cantel Medical Corp. in the second quarter valued at about $5,892,000. Capstone Asset Management Co. acquired a new position in Cantel Medical Corp. in the second quarter valued at about $690,000. Finally, Russell Investments Group Ltd. acquired a new position in Cantel Medical Corp. in the second quarter valued at about $1,714,000. 84.28% of the stock is owned by institutional investors.
A number of research firms recently commented on CMD. Sidoti raised Cantel Medical Corp. from a “neutral” rating to a “buy” rating and set a $92.00 price target for the company in a research note on Wednesday, August 2nd. Zacks Investment Research raised Cantel Medical Corp. from a “hold” rating to a “buy” rating and set a $83.00 price target for the company in a research note on Tuesday, August 1st. Benchmark Co. downgraded Cantel Medical Corp. from a “buy” rating to a “hold” rating in a research note on Friday, June 9th. Finally, Needham & Company LLC reaffirmed a “hold” rating on shares of Cantel Medical Corp. in a research note on Thursday, June 8th. Four research analysts have rated the stock with a hold rating and one has issued a buy rating to the stock. The stock has a consensus rating of “Hold” and a consensus target price of $91.67.
Cantel Medical Corp. (CMD) opened at 82.68 on Tuesday. Cantel Medical Corp. has a 1-year low of $68.19 and a 1-year high of $88.81. The firm has a market cap of $3.43 billion, a P/E ratio of 48.92 and a beta of 1.23. The company has a 50-day moving average price of $76.82 and a 200-day moving average price of $76.53.
In other Cantel Medical Corp. news, Chairman Charles M. Diker sold 35,000 shares of the firm’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 completion of the transaction, the chairman now owns 3,114,520 shares in the company, valued at approximately $235,208,550.40. The sale was disclosed in a filing with the SEC, which can be accessed through the SEC website. 14.90% of the stock is owned by company insiders.
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Cantel Medical Corp. 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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