26,503 Shares in Cantel Medical Corp. (NYSE:CMD) Acquired by Texas Permanent School Fund

Texas Permanent School Fund acquired a new position in shares of Cantel Medical Corp. (NYSE:CMD) during the second quarter, according to its most recent filing with the Securities and Exchange Commission. The fund acquired 26,503 shares of the company’s stock, valued at approximately $2,065,000. Texas Permanent School Fund owned 0.06% of Cantel Medical Corp. as of its most recent SEC filing.

Other large investors have also made changes to their positions in the company. Integrated Investment Consultants LLC acquired a new stake in shares of Cantel Medical Corp. during the second quarter worth about $161,000. LS Investment Advisors LLC acquired a new stake in shares of Cantel Medical Corp. during the second quarter worth about $172,000. First Quadrant L P CA acquired a new stake in shares of Cantel Medical Corp. during the second quarter worth about $233,000. Cue Financial Group Inc. acquired a new stake in shares of Cantel Medical Corp. during the second quarter worth about $234,000. Finally, Bank of Montreal Can acquired a new stake in shares of Cantel Medical Corp. during the second quarter worth about $248,000. 83.88% of the stock is owned by institutional investors.

Cantel Medical Corp. (CMD) opened at 73.79 on Friday. The firm has a 50-day moving average of $75.90 and a 200 day moving average of $76.88. The company has a market capitalization of $3.06 billion, a price-to-earnings ratio of 43.66 and a beta of 1.23. Cantel Medical Corp. has a one year low of $68.19 and a one year high of $88.81.

Cantel Medical Corp. (NYSE:CMD) last announced its earnings results on Thursday, June 8th. The company reported $0.51 EPS for the quarter, hitting the Zacks’ consensus estimate of $0.51. The business had revenue of $192.10 million during the quarter, compared to the consensus estimate of $193.84 million. Cantel Medical Corp. had a net margin of 9.50% and a return on equity of 17.75%. The firm’s quarterly revenue was up 10.6% compared to the same quarter last year. Equities research analysts predict that Cantel Medical Corp. will post $2.06 earnings per share for the current fiscal year.

The company also recently announced a semiannual dividend, which was paid on Monday, July 31st. Shareholders of record on Monday, July 17th were issued a $0.07 dividend. The ex-dividend date of this dividend was Thursday, July 13th. This represents a yield of 0.18%. Cantel Medical Corp.’s dividend payout ratio is presently 8.28%.

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Several equities research analysts have weighed in on the stock. Sidoti raised shares of Cantel Medical Corp. from a “neutral” rating to a “buy” rating and set a $92.00 price target for the company in a research report on Wednesday, August 2nd. Zacks Investment Research raised shares of Cantel Medical Corp. from a “hold” rating to a “buy” rating and set a $83.00 price target for the company in a research report on Tuesday, August 1st. Benchmark Co. cut shares of Cantel Medical Corp. from a “buy” rating to a “hold” rating in a research report on Friday, June 9th. Finally, Needham & Company LLC reissued a “hold” rating on shares of Cantel Medical Corp. in a research report on Thursday, June 8th. Four research analysts have rated the stock with a hold rating and one has given a buy rating to the company. The company has an average rating of “Hold” and a consensus price target of $91.67.

In other Cantel Medical Corp. news, Chairman Charles M. Diker sold 13,000 shares of the business’s stock in a transaction dated Monday, June 12th. The shares were sold at an average price of $76.36, for a total value of $992,680.00. Following the completion of the transaction, the chairman now directly owns 3,124,222 shares in the company, valued at $238,565,591.92. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, Chairman Charles M. Diker sold 35,000 shares of the business’s stock in a transaction dated Wednesday, July 12th. The stock was sold at an average price of $75.52, for a total transaction of $2,643,200.00. Following the completion of the transaction, the chairman now owns 3,114,520 shares of the company’s stock, valued at $235,208,550.40. The disclosure for this sale can be found here. Insiders own 14.90% 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.

Institutional Ownership by Quarter for Cantel Medical Corp. (NYSE:CMD)

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