Insider Selling: ICU Medical, Incorporated (ICUI) Director Sells 229 Shares of Stock

ICU Medical, Incorporated (NASDAQ:ICUI) Director Robert S. Swinney sold 229 shares of ICU Medical stock in a transaction that occurred on Friday, April 12th. The stock was sold at an average price of $231.43, for a total value of $52,997.47. Following the completion of the transaction, the director now directly owns 18,076 shares in the company, valued at $4,183,328.68. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website.

ICU Medical stock opened at $234.55 on Wednesday. The company has a market capitalization of $4.83 billion, a P/E ratio of 30.42 and a beta of 0.74. ICU Medical, Incorporated has a one year low of $210.94 and a one year high of $321.70.

ICU Medical (NASDAQ:ICUI) last posted its quarterly earnings data on Thursday, February 28th. The medical instruments supplier reported $1.78 EPS for the quarter, topping the Zacks’ consensus estimate of $1.56 by $0.22. The company had revenue of $340.38 million for the quarter, compared to analyst estimates of $314.60 million. ICU Medical had a return on equity of 13.31% and a net margin of 2.06%. Analysts predict that ICU Medical, Incorporated will post 8.58 EPS for the current year.

Several institutional investors have recently bought and sold shares of the stock. Raymond James Trust N.A. lifted its stake in ICU Medical by 47.4% in the first quarter. Raymond James Trust N.A. now owns 1,480 shares of the medical instruments supplier’s stock valued at $354,000 after buying an additional 476 shares during the period. Retirement Systems of Alabama lifted its stake in ICU Medical by 0.5% in the first quarter. Retirement Systems of Alabama now owns 21,615 shares of the medical instruments supplier’s stock valued at $5,173,000 after buying an additional 109 shares during the period. Mercer Global Advisors Inc. ADV acquired a new position in ICU Medical in the first quarter valued at approximately $290,000. Chartwell Investment Partners LLC lifted its stake in ICU Medical by 1.2% in the first quarter. Chartwell Investment Partners LLC now owns 15,447 shares of the medical instruments supplier’s stock valued at $3,697,000 after buying an additional 190 shares during the period. Finally, CX Institutional acquired a new position in ICU Medical in the first quarter valued at approximately $34,000. 92.78% of the stock is currently owned by institutional investors.

A number of equities analysts recently commented on ICUI shares. BidaskClub raised ICU Medical from a “hold” rating to a “buy” rating in a research note on Wednesday, January 2nd. Raymond James cut their price objective on ICU Medical from $315.00 to $300.00 and set a “strong-buy” rating on the stock in a research note on Friday, March 1st. TheStreet lowered ICU Medical from a “b-” rating to a “c+” rating in a research note on Tuesday, March 19th. Finally, Zacks Investment Research lowered ICU Medical from a “hold” rating to a “sell” rating in a research note on Friday, January 4th. One research analyst has rated the stock with a sell rating, one has assigned a hold rating, one has given a buy rating and one has assigned a strong buy rating to the company. The stock currently has an average rating of “Buy” and an average target price of $281.00.

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ICU Medical Company Profile

ICU Medical, Inc develops, manufactures, and sells medical devices used in vascular therapy, critical care, and oncology applications worldwide. It offers infusion therapy products comprising a tube running from a bottle or plastic bag containing a solution to a catheter inserted in a patient's vein.

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Insider Buying and Selling by Quarter for ICU Medical (NASDAQ:ICUI)

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