Insider Selling: ICU Medical, Incorporated (ICUI) Director Sells 1,464 Shares of Stock

ICU Medical, Incorporated (NASDAQ:ICUI) Director Robert S. Swinney sold 1,464 shares of the company’s stock in a transaction on Friday, March 15th. The stock was sold at an average price of $234.65, for a total transaction of $343,527.60. Following the completion of the transaction, the director now directly owns 16,576 shares in the company, valued at $3,889,558.40. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink.

ICUI stock traded up $6.23 during mid-day trading on Monday, reaching $239.08. 204,409 shares of the stock traded hands, compared to its average volume of 166,850. ICU Medical, Incorporated has a 52 week low of $210.94 and a 52 week high of $321.70. The stock has a market capitalization of $4.77 billion, a price-to-earnings ratio of 31.01 and a beta of 0.75.

A number of equities analysts have recently weighed in on ICUI shares. Zacks Investment Research downgraded shares of ICU Medical from a “hold” rating to a “sell” rating in a research note on Friday, January 4th. BidaskClub raised shares of ICU Medical from a “hold” rating to a “buy” rating in a research note on Wednesday, February 20th. Finally, Raymond James dropped their price target on shares of 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. Two investment analysts have rated the stock with a hold rating, one has given a buy rating and one has issued a strong buy rating to the stock. The stock currently has an average rating of “Buy” and a consensus price target of $281.00.

Hedge funds have recently added to or reduced their stakes in the business. Retirement Systems of Alabama boosted its holdings in ICU Medical by 0.4% during the fourth quarter. Retirement Systems of Alabama now owns 21,506 shares of the medical instruments supplier’s stock valued at $4,938,000 after acquiring an additional 93 shares during the period. Strategic Wealth Management Group LLC bought a new stake in shares of ICU Medical in the fourth quarter valued at about $574,000. Deutsche Bank AG lifted its stake in shares of ICU Medical by 54.1% in the third quarter. Deutsche Bank AG now owns 163,112 shares of the medical instruments supplier’s stock valued at $46,116,000 after buying an additional 57,276 shares during the period. Connor Clark & Lunn Investment Management Ltd. lifted its stake in shares of ICU Medical by 693.8% in the third quarter. Connor Clark & Lunn Investment Management Ltd. now owns 6,350 shares of the medical instruments supplier’s stock valued at $1,795,000 after buying an additional 5,550 shares during the period. Finally, Stevens Capital Management LP lifted its stake in shares of ICU Medical by 66.5% in the third quarter. Stevens Capital Management LP now owns 8,503 shares of the medical instruments supplier’s stock valued at $2,404,000 after buying an additional 3,397 shares during the period. Institutional investors own 92.44% of the company’s stock.

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About ICU Medical

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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