Municipal Employees Retirement System of Michigan raised its position in shares of ICU Medical, Inc. (NASDAQ:ICUI) by 58.7% in the 3rd quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The institutional investor owned 5,650 shares of the medical instruments supplier’s stock after buying an additional 2,090 shares during the period. Municipal Employees Retirement System of Michigan’s holdings in ICU Medical were worth $1,050,000 as of its most recent filing with the Securities and Exchange Commission.

Several other hedge funds and other institutional investors have also recently bought and sold shares of ICUI. Zurcher Kantonalbank Zurich Cantonalbank increased its holdings in shares of ICU Medical by 10.3% during the second quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 707 shares of the medical instruments supplier’s stock worth $122,000 after buying an additional 66 shares in the last quarter. Riverhead Capital Management LLC increased its holdings in shares of ICU Medical by 99.8% during the second quarter. Riverhead Capital Management LLC now owns 999 shares of the medical instruments supplier’s stock worth $172,000 after buying an additional 499 shares in the last quarter. Victory Capital Management Inc. increased its holdings in shares of ICU Medical by 17.6% during the second quarter. Victory Capital Management Inc. now owns 1,050 shares of the medical instruments supplier’s stock worth $181,000 after buying an additional 157 shares in the last quarter. Parametrica Management Ltd acquired a new stake in shares of ICU Medical during the second quarter worth approximately $213,000. Finally, Teacher Retirement System of Texas acquired a new stake in shares of ICU Medical during the second quarter worth approximately $214,000. 74.64% of the stock is owned by institutional investors.

ICUI has been the subject of several recent analyst reports. Zacks Investment Research raised shares of ICU Medical from a “sell” rating to a “hold” rating in a report on Monday, September 11th. KeyCorp initiated coverage on shares of ICU Medical in a research note on Tuesday, October 17th. They set a “sector weight” rating on the stock. Gabelli reissued a “buy” rating on shares of ICU Medical in a research note on Friday, August 11th. Finally, BidaskClub raised shares of ICU Medical from a “sell” rating to a “hold” rating in a research note on Friday, August 18th. One research analyst has rated the stock with a sell rating, two have issued a hold rating and two have issued a buy rating to the stock. ICU Medical currently has an average rating of “Hold” and an average price target of $232.00.

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In other news, Chairman Vivek Jain sold 2,205 shares of the stock in a transaction that occurred on Tuesday, October 10th. The shares were sold at an average price of $190.91, for a total transaction of $420,956.55. The transaction was disclosed in a legal filing with the SEC, which is available through the SEC website. Also, Director Robert S. Swinney sold 3,400 shares of the stock in a transaction that occurred on Thursday, August 31st. The shares were sold at an average price of $173.98, for a total transaction of $591,532.00. Following the sale, the director now directly owns 20,893 shares in the company, valued at $3,634,964.14. The disclosure for this sale can be found here. Insiders have sold 127,247 shares of company stock worth $24,170,158 over the last three months. 13.60% of the stock is owned by insiders.

Shares of ICU Medical, Inc. (NASDAQ:ICUI) opened at $215.00 on Thursday. ICU Medical, Inc. has a 52 week low of $127.00 and a 52 week high of $216.55. The company has a debt-to-equity ratio of 0.07, a quick ratio of 3.01 and a current ratio of 4.65. The company has a market cap of $4,338.13, a P/E ratio of 84.51, a PEG ratio of 3.46 and a beta of 0.33.

ICU Medical (NASDAQ:ICUI) last released its quarterly earnings results on Thursday, November 9th. The medical instruments supplier reported $1.12 EPS for the quarter, beating the Thomson Reuters’ consensus estimate of $0.77 by $0.35. ICU Medical had a net margin of 2.79% and a return on equity of 4.81%. The business had revenue of $343.20 million for the quarter, compared to analysts’ expectations of $328.56 million. During the same period in the prior year, the firm earned $1.35 earnings per share. ICU Medical’s revenue was up 253.5% compared to the same quarter last year. analysts anticipate that ICU Medical, Inc. will post 3.95 EPS for the current fiscal year.

ICU Medical Profile

ICU Medical, Inc is engaged in the development, manufacture and sales of medical devices used in infusion therapy, oncology and critical care applications. The Company’s product line includes needlefree connection devices, custom infusion sets, closed system transfer devices (CSTD) for the handling of hazardous drugs, advanced sensor catheters, needlefree closed blood sampling systems, disposable pressure transducer systems and hemodynamic monitoring systems.

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

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