CONMED Co. (NASDAQ:CNMD) Director Jo Ann Golden sold 3,000 shares of the stock in a transaction that occurred on Thursday, February 1st. The shares were sold at an average price of $63.90, for a total transaction of $191,700.00. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this link.

CONMED Co. (NASDAQ CNMD) opened at $63.21 on Monday. CONMED Co. has a fifty-two week low of $39.74 and a fifty-two week high of $64.99. The company has a debt-to-equity ratio of 0.84, a current ratio of 2.56 and a quick ratio of 1.49. The firm has a market cap of $1,765.70, a P/E ratio of 33.27, a P/E/G ratio of 2.57 and a beta of 0.74.

CONMED (NASDAQ:CNMD) last issued its quarterly earnings results on Wednesday, January 31st. The medical technology company reported $0.69 earnings per share for the quarter, topping the Thomson Reuters’ consensus estimate of $0.65 by $0.04. CONMED had a net margin of 6.97% and a return on equity of 9.15%. The company had revenue of $222.60 million for the quarter, compared to the consensus estimate of $212.17 million. During the same quarter in the prior year, the company earned $0.54 EPS. CONMED’s quarterly revenue was up 9.1% on a year-over-year basis. analysts expect that CONMED Co. will post 2.14 earnings per share for the current year.

A number of large investors have recently modified their holdings of the stock. Public Employees Retirement System of Ohio increased its holdings in CONMED by 3.3% in the 2nd quarter. Public Employees Retirement System of Ohio now owns 2,022 shares of the medical technology company’s stock worth $103,000 after buying an additional 64 shares during the period. Parametric Portfolio Associates LLC increased its holdings in CONMED by 1.3% in the 2nd quarter. Parametric Portfolio Associates LLC now owns 69,195 shares of the medical technology company’s stock worth $3,525,000 after buying an additional 868 shares during the period. Voya Investment Management LLC increased its holdings in CONMED by 7.7% in the 2nd quarter. Voya Investment Management LLC now owns 12,919 shares of the medical technology company’s stock worth $658,000 after buying an additional 928 shares during the period. American International Group Inc. increased its holdings in CONMED by 6.0% in the 3rd quarter. American International Group Inc. now owns 21,427 shares of the medical technology company’s stock worth $1,124,000 after buying an additional 1,208 shares during the period. Finally, Legal & General Group Plc increased its holdings in CONMED by 4.3% in the 3rd quarter. Legal & General Group Plc now owns 51,844 shares of the medical technology company’s stock worth $2,721,000 after buying an additional 2,155 shares during the period. Institutional investors own 99.21% of the company’s stock.

Several equities analysts recently commented on CNMD shares. Zacks Investment Research raised shares of CONMED from a “sell” rating to a “hold” rating in a research report on Tuesday, November 14th. KeyCorp reaffirmed a “hold” rating on shares of CONMED in a research report on Friday, November 3rd. Piper Jaffray Companies reaffirmed a “hold” rating and issued a $46.00 price objective on shares of CONMED in a research report on Friday, November 3rd. BidaskClub lowered shares of CONMED from a “hold” rating to a “sell” rating in a research report on Tuesday, December 12th. Finally, Needham & Company LLC reaffirmed a “buy” rating and issued a $58.00 price objective on shares of CONMED in a research report on Friday, November 17th. Four research analysts have rated the stock with a hold rating and two have given a buy rating to the company’s stock. The stock currently has a consensus rating of “Hold” and a consensus price target of $59.00.

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CONMED Company Profile

CONMED Corporation is a medical technology company. The Company is engaged in the development, manufacturing and sale on a global basis of surgical devices and related equipment. The Company provides surgical devices and equipment for minimally invasive procedures. The Company’s products are used by surgeons and physicians in a range of specialties, including orthopedics, general surgery, gynecology, neurosurgery and gastroenterology.

Insider Buying and Selling by Quarter for CONMED (NASDAQ:CNMD)

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