First Trust Advisors LP Has $1.10 Million Holdings in Cantel Medical Corp. (CMD)

First Trust Advisors LP boosted its stake in Cantel Medical Corp. (NYSE:CMD) by 6.8% in the third quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The firm owned 11,677 shares of the company’s stock after acquiring an additional 739 shares during the quarter. First Trust Advisors LP’s holdings in Cantel Medical were worth $1,100,000 at the end of the most recent reporting period.

A number of other hedge funds and other institutional investors also recently added to or reduced their stakes in the business. BlackRock Inc. purchased a new position in shares of Cantel Medical during the 2nd quarter valued at approximately $376,271,000. Vanguard Group Inc. purchased a new position in shares of Cantel Medical during the 2nd quarter valued at approximately $246,860,000. Neuberger Berman Group LLC purchased a new position in shares of Cantel Medical during the 2nd quarter valued at approximately $96,236,000. Dimensional Fund Advisors LP purchased a new position in shares of Cantel Medical during the 2nd quarter valued at approximately $75,756,000. Finally, Wells Fargo & Company MN purchased a new position in shares of Cantel Medical during the 2nd quarter valued at approximately $75,715,000. Hedge funds and other institutional investors own 84.98% of the company’s stock.

In related news, Chairman Charles M. Diker sold 20,500 shares of the firm’s stock in a transaction on Wednesday, October 4th. The stock was sold at an average price of $99.15, for a total transaction of $2,032,575.00. The sale was disclosed in a legal filing with the SEC, which can be accessed through the SEC website. Also, Director Mark N. Diker sold 7,000 shares of the firm’s stock in a transaction on Tuesday, October 3rd. The stock was sold at an average price of $98.90, for a total value of $692,300.00. The disclosure for this sale can be found here. Insiders have sold 36,368 shares of company stock worth $3,576,028 over the last 90 days. 12.30% of the stock is currently owned by company insiders.

CMD has been the subject of several research analyst reports. Zacks Investment Research upgraded Cantel Medical from a “sell” rating to a “hold” rating in a research note on Tuesday, August 8th. Needham & Company LLC reiterated a “hold” rating on shares of Cantel Medical in a research note on Friday, September 1st. Four research analysts have rated the stock with a hold rating and one has assigned a buy rating to the company. The stock currently has a consensus rating of “Hold” and a consensus price target of $91.67.

Cantel Medical Corp. (NYSE CMD) opened at $103.38 on Tuesday. Cantel Medical Corp. has a one year low of $69.21 and a one year high of $108.00. The stock has a market capitalization of $4,451.49, a price-to-earnings ratio of 51.19 and a beta of 1.24. The company has a debt-to-equity ratio of 0.24, a quick ratio of 1.49 and a current ratio of 2.41.

Cantel Medical (NYSE:CMD) last announced its quarterly earnings data on Thursday, September 28th. The company reported $0.54 earnings per share (EPS) for the quarter, topping the Thomson Reuters’ consensus estimate of $0.52 by $0.02. Cantel Medical had a return on equity of 17.60% and a net margin of 9.27%. The firm had revenue of $205.50 million for the quarter, compared to analysts’ expectations of $200.32 million. The firm’s revenue for the quarter was up 14.8% compared to the same quarter last year. analysts predict that Cantel Medical Corp. will post 2.34 EPS for the current fiscal year.

The company also recently disclosed a Semi-Annual dividend, which will be paid on Wednesday, January 31st. Investors of record on Wednesday, January 17th will be paid a dividend of $0.085 per share. The ex-dividend date is Tuesday, January 16th. This is a boost from Cantel Medical’s previous Semi-Annual dividend of $0.07. This represents a yield of 0.17%. Cantel Medical’s dividend payout ratio (DPR) is 8.19%.

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Cantel Medical 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 (NYSE:CMD)

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