Charles M. Diker Sells 14,897 Shares of Cantel Medical Corp. (CMN) Stock
Cantel Medical Corp. (NYSE:CMN) Chairman Charles M. Diker sold 14,897 shares of the stock in a transaction that occurred on Monday, October 10th. The shares were sold at an average price of $78.76, for a total transaction of $1,173,287.72. Following the sale, the chairman now owns 3,190,111 shares in the company, valued at approximately $251,253,142.36. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this hyperlink.
Shares of Cantel Medical Corp. (NYSE:CMN) opened at 76.65 on Wednesday. The stock has a market cap of $3.17 billion, a PE ratio of 53.30 and a beta of 1.59. Cantel Medical Corp. has a 12-month low of $53.64 and a 12-month high of $81.63. The stock’s 50 day moving average is $77.54 and its 200-day moving average is $71.14.
Cantel Medical Corp. (NYSE:CMN) last announced its quarterly earnings data on Thursday, September 29th. The company reported $0.48 earnings per share for the quarter, beating analysts’ consensus estimates of $0.37 by $0.11. Cantel Medical Corp. had a net margin of 9.02% and a return on equity of 16.70%. The company earned $179 million during the quarter. During the same quarter in the previous year, the business earned $0.39 EPS. The company’s quarterly revenue was up 18.3% compared to the same quarter last year. Equities analysts expect that Cantel Medical Corp. will post $1.98 EPS for the current year.
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A number of large investors have recently made changes to their positions in CMN. Aperio Group LLC raised its stake in shares of Cantel Medical Corp. by 26.4% in the first quarter. Aperio Group LLC now owns 10,167 shares of the company’s stock worth $726,000 after buying an additional 2,122 shares during the last quarter. TIAA CREF Investment Management LLC raised its stake in shares of Cantel Medical Corp. by 10.6% in the first quarter. TIAA CREF Investment Management LLC now owns 156,155 shares of the company’s stock worth $11,143,000 after buying an additional 14,954 shares during the last quarter. Prudential Financial Inc. raised its stake in shares of Cantel Medical Corp. by 3.4% in the first quarter. Prudential Financial Inc. now owns 171,696 shares of the company’s stock worth $12,253,000 after buying an additional 5,639 shares during the last quarter. BlackRock Inc. raised its stake in shares of Cantel Medical Corp. by 119.5% in the first quarter. BlackRock Inc. now owns 2,355 shares of the company’s stock worth $168,000 after buying an additional 1,282 shares during the last quarter. Finally, BlackRock Group LTD raised its stake in shares of Cantel Medical Corp. by 9.5% in the first quarter. BlackRock Group LTD now owns 42,830 shares of the company’s stock worth $3,056,000 after buying an additional 3,701 shares during the last quarter. Institutional investors own 81.60% of the company’s stock.
A number of research firms have recently commented on CMN. Benchmark Co. set a $83.00 price target on shares of Cantel Medical Corp. and gave the company a “buy” rating in a report on Saturday, October 1st. Needham & Company LLC began coverage on shares of Cantel Medical Corp. in a report on Wednesday, August 24th. They set a “hold” rating on the stock.
About Cantel Medical Corp.
Cantel Medical Corp. is a provider of infection prevention and control products and services in the healthcare market. The Company’s segments include Endoscopy, Water Purification and Filtration, Healthcare Disposables, Dialysis and Specialty Packaging. Its Endoscopy segment includes medical device reprocessing systems, disinfectants, detergents and other supplies.
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