Harry Skip Kiil Sells 52,524 Shares of Medtronic (NYSE:MDT) Stock

Medtronic PLC (NYSE:MDTGet Free Report) EVP Harry Skip Kiil sold 52,524 shares of the business’s stock in a transaction dated Thursday, February 19th. The stock was sold at an average price of $97.71, for a total transaction of $5,132,120.04. Following the completion of the sale, the executive vice president owned 32,768 shares in the company, valued at approximately $3,201,761.28. This trade represents a 61.58% decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which is available through the SEC website.

Medtronic Stock Performance

Shares of MDT opened at $97.60 on Friday. The company has a debt-to-equity ratio of 0.57, a current ratio of 2.54 and a quick ratio of 1.80. The firm’s 50 day moving average is $98.93 and its 200-day moving average is $96.86. Medtronic PLC has a 12-month low of $79.55 and a 12-month high of $106.33. The stock has a market capitalization of $125.31 billion, a P/E ratio of 27.19, a P/E/G ratio of 2.44 and a beta of 0.71.

Medtronic (NYSE:MDTGet Free Report) last issued its earnings results on Tuesday, February 17th. The medical technology company reported $1.36 earnings per share for the quarter, topping analysts’ consensus estimates of $1.34 by $0.02. The firm had revenue of $9.02 billion during the quarter, compared to analysts’ expectations of $8.89 billion. Medtronic had a net margin of 13.00% and a return on equity of 14.82%. The firm’s revenue for the quarter was up 5.8% compared to the same quarter last year. During the same period last year, the firm posted $1.38 earnings per share. Medtronic has set its FY 2026 guidance at 5.620-5.660 EPS. Equities research analysts anticipate that Medtronic PLC will post 5.46 EPS for the current fiscal year.

Medtronic Announces Dividend

The company also recently announced a quarterly dividend, which was paid on Friday, January 16th. Shareholders of record on Friday, December 26th were paid a dividend of $0.71 per share. This represents a $2.84 annualized dividend and a yield of 2.9%. The ex-dividend date of this dividend was Friday, December 26th. Medtronic’s payout ratio is 79.11%.

More Medtronic News

Here are the key news stories impacting Medtronic this week:

Institutional Investors Weigh In On Medtronic

Institutional investors and hedge funds have recently made changes to their positions in the company. Monetary Solutions Ltd acquired a new stake in shares of Medtronic during the fourth quarter worth approximately $27,000. Corundum Trust Company INC bought a new stake in Medtronic during the 3rd quarter worth approximately $27,000. Lodestone Wealth Management LLC acquired a new stake in Medtronic during the 4th quarter valued at $27,000. Anfield Capital Management LLC increased its stake in shares of Medtronic by 410.7% in the fourth quarter. Anfield Capital Management LLC now owns 286 shares of the medical technology company’s stock valued at $27,000 after buying an additional 230 shares in the last quarter. Finally, Board of the Pension Protection Fund bought a new position in shares of Medtronic in the fourth quarter worth about $29,000. Institutional investors and hedge funds own 82.06% of the company’s stock.

Analysts Set New Price Targets

Several research analysts recently weighed in on MDT shares. The Goldman Sachs Group set a $111.00 price target on Medtronic and gave the company a “neutral” rating in a research report on Wednesday, November 19th. Wall Street Zen upgraded Medtronic from a “hold” rating to a “buy” rating in a report on Saturday, February 21st. CICC Research initiated coverage on shares of Medtronic in a research report on Friday, January 30th. They issued an “outperform” rating for the company. Truist Financial lowered their price objective on shares of Medtronic from $107.00 to $103.00 and set a “hold” rating on the stock in a research report on Wednesday, February 18th. Finally, Mizuho upgraded shares of Medtronic to a “strong-buy” rating in a research note on Wednesday, February 18th. One analyst has rated the stock with a Strong Buy rating, fifteen have given a Buy rating and ten have given a Hold rating to the stock. According to MarketBeat.com, the company currently has a consensus rating of “Moderate Buy” and an average price target of $110.84.

Get Our Latest Research Report on MDT

About Medtronic

(Get Free Report)

Medtronic plc is a global medical technology company that develops and manufactures a broad range of therapeutic devices and health care solutions. Headquartered legally in Ireland with principal operational offices in the United States, the company markets products to hospitals, physicians and health systems worldwide and has grown from its founding in 1949 into one of the largest medical-device manufacturers serving global health-care markets.

Medtronic’s offerings span several clinical areas, including cardiac rhythm and heart failure (pacemakers, implantable cardioverter‑defibrillators and related cardiac therapies), minimally invasive and surgical technologies (laparoscopic and advanced energy devices, visualization systems and surgical innovations), restorative therapies (spine and orthopedics, neuromodulation and neurovascular treatments) and diabetes management (insulin-delivery systems and glucose monitoring solutions).

Further Reading

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