Cantel Medical Corp. (CMD) EVP Eric W. Nodiff Sells 2,868 Shares
Cantel Medical Corp. (NYSE:CMD) EVP Eric W. Nodiff sold 2,868 shares of the business’s stock in a transaction that occurred on Friday, October 20th. The stock was sold at an average price of $97.55, for a total value of $279,773.40. Following the completion of the sale, the executive vice president now directly owns 39,102 shares in the company, valued at $3,814,400.10. The sale was disclosed in a legal filing with the SEC, which can be accessed through this link.
Shares of Cantel Medical Corp. (NYSE CMD) opened at 97.05 on Tuesday. Cantel Medical Corp. has a 12 month low of $68.19 and a 12 month high of $99.83. The company has a market capitalization of $4.03 billion, a PE ratio of 56.75 and a beta of 1.25. The stock has a 50 day moving average price of $90.57 and a 200-day moving average price of $79.32.
Cantel Medical Corp. (NYSE:CMD) last announced its earnings results on Thursday, September 28th. The company reported $0.54 earnings per share for the quarter, beating the Thomson Reuters’ consensus estimate of $0.52 by $0.02. The company had revenue of $205.50 million during the quarter, compared to the consensus estimate of $200.32 million. Cantel Medical Corp. had a net margin of 9.27% and a return on equity of 17.60%. Cantel Medical Corp.’s revenue for the quarter was up 14.8% on a year-over-year basis. Analysts forecast that Cantel Medical Corp. will post $2.37 EPS for the current year.
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A number of analysts have recently commented on CMD shares. Zacks Investment Research raised Cantel Medical Corp. from a “hold” rating to a “buy” rating and set a $83.00 price target on the stock in a research report on Tuesday, August 1st. Sidoti raised Cantel Medical Corp. from a “neutral” rating to a “buy” rating and set a $92.00 price target on the stock in a research report on Wednesday, August 2nd. Finally, Needham & Company LLC reissued a “hold” rating on shares of Cantel Medical Corp. in a research report on Friday, September 1st. Four research analysts have rated the stock with a hold rating and one has assigned a buy rating to the stock. Cantel Medical Corp. presently has a consensus rating of “Hold” and an average target price of $91.67.
A number of institutional investors and hedge funds have recently made changes to their positions in CMD. BlackRock Inc. acquired a new stake in Cantel Medical Corp. in the second quarter valued at approximately $376,271,000. Vanguard Group Inc. acquired a new stake in Cantel Medical Corp. in the second quarter valued at approximately $246,860,000. Neuberger Berman Group LLC acquired a new stake in Cantel Medical Corp. in the second quarter valued at approximately $96,236,000. Dimensional Fund Advisors LP acquired a new stake in Cantel Medical Corp. in the second quarter valued at approximately $75,756,000. Finally, Wells Fargo & Company MN acquired a new stake in Cantel Medical Corp. in the second quarter valued at approximately $75,715,000. Institutional investors own 83.82% 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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