ICU Medical, Incorporated (NASDAQ:ICUI) Holdings Lessened by Metropolitan Life Insurance Co. NY

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Metropolitan Life Insurance Co. NY cut its stake in shares of ICU Medical, Incorporated (NASDAQ:ICUI) by 40.3% in the 2nd quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The firm owned 5,213 shares of the medical instruments supplier’s stock after selling 3,525 shares during the quarter. Metropolitan Life Insurance Co. NY’s holdings in ICU Medical were worth $1,531,000 as of its most recent SEC filing.

Other hedge funds and other institutional investors also recently modified their holdings of the company. Millennium Management LLC increased its position in ICU Medical by 5.9% during the 1st quarter. Millennium Management LLC now owns 548,769 shares of the medical instruments supplier’s stock worth $138,509,000 after purchasing an additional 30,676 shares in the last quarter. JPMorgan Chase & Co. increased its position in ICU Medical by 6.8% during the 1st quarter. JPMorgan Chase & Co. now owns 472,988 shares of the medical instruments supplier’s stock worth $119,382,000 after purchasing an additional 29,977 shares in the last quarter. Renaissance Technologies LLC increased its position in ICU Medical by 1.1% during the 2nd quarter. Renaissance Technologies LLC now owns 312,500 shares of the medical instruments supplier’s stock worth $91,766,000 after purchasing an additional 3,400 shares in the last quarter. Northern Trust Corp increased its position in ICU Medical by 21.3% during the 1st quarter. Northern Trust Corp now owns 246,976 shares of the medical instruments supplier’s stock worth $62,337,000 after purchasing an additional 43,410 shares in the last quarter. Finally, OppenheimerFunds Inc. increased its position in ICU Medical by 58.1% during the 2nd quarter. OppenheimerFunds Inc. now owns 225,807 shares of the medical instruments supplier’s stock worth $66,308,000 after purchasing an additional 82,976 shares in the last quarter. 74.29% of the stock is owned by hedge funds and other institutional investors.

Several research firms have commented on ICUI. TheStreet upgraded ICU Medical from a “c+” rating to a “b+” rating in a report on Monday, August 20th. ValuEngine cut ICU Medical from a “strong-buy” rating to a “buy” rating in a report on Friday, August 3rd. BidaskClub upgraded ICU Medical from a “hold” rating to a “buy” rating in a report on Friday, September 28th. Finally, Zacks Investment Research cut ICU Medical from a “strong-buy” rating to a “hold” rating in a report on Thursday. One equities research analyst has rated the stock with a hold rating and two have issued a buy rating to the company’s stock. ICU Medical currently has an average rating of “Buy” and a consensus price target of $337.00.

Shares of NASDAQ:ICUI traded up $4.95 during trading on Friday, reaching $265.80. 167,031 shares of the stock were exchanged, compared to its average volume of 157,986. ICU Medical, Incorporated has a 12-month low of $180.45 and a 12-month high of $321.70. The stock has a market capitalization of $5.79 billion, a P/E ratio of 48.15 and a beta of 0.41.

ICU Medical (NASDAQ:ICUI) last issued its earnings results on Thursday, August 9th. The medical instruments supplier reported $2.66 earnings per share (EPS) for the quarter, topping the Zacks’ consensus estimate of $1.82 by $0.84. ICU Medical had a return on equity of 12.78% and a net margin of 5.93%. The business had revenue of $360.46 million during the quarter, compared to analysts’ expectations of $337.60 million. During the same quarter in the previous year, the business earned $0.76 EPS. The company’s revenue for the quarter was up 8.7% on a year-over-year basis. Research analysts expect that ICU Medical, Incorporated will post 7.6 EPS for the current year.

In related news, Director Pfizer Inc sold 700,000 shares of the business’s stock in a transaction that occurred on Monday, August 13th. The stock was sold at an average price of $284.35, for a total transaction of $199,045,000.00. The transaction was disclosed in a document filed with the SEC, which can be accessed through the SEC website. Also, VP Virginia Ruth Sanzone sold 787 shares of the business’s stock in a transaction that occurred on Tuesday, August 28th. The stock was sold at an average price of $303.12, for a total value of $238,555.44. Following the transaction, the vice president now directly owns 1,367 shares in the company, valued at $414,365.04. The disclosure for this sale can be found here. Insiders have sold a total of 711,920 shares of company stock valued at $202,651,956 in the last quarter. Company insiders own 12.50% of the company’s stock.

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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Institutional Ownership by Quarter for ICU Medical (NASDAQ:ICUI)

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