James Hollingshead Sells 600 Shares of ResMed Inc. (RMD) Stock
ResMed Inc. (NYSE:RMD) insider James Hollingshead sold 600 shares of the stock in a transaction dated Tuesday, January 2nd. The stock was sold at an average price of $84.96, for a total value of $50,976.00. Following the transaction, the insider now owns 62,602 shares of the company’s stock, valued at approximately $5,318,665.92. The transaction was disclosed in a filing with the SEC, which is available at this link.
James Hollingshead also recently made the following trade(s):
- On Monday, November 20th, James Hollingshead sold 7,019 shares of ResMed stock. The stock was sold at an average price of $84.16, for a total value of $590,719.04.
ResMed Inc. (NYSE RMD) opened at $87.69 on Friday. The stock has a market capitalization of $12,280.36, a PE ratio of 30.15, a price-to-earnings-growth ratio of 1.90 and a beta of 0.79. The company has a debt-to-equity ratio of 0.50, a quick ratio of 3.86 and a current ratio of 4.72. ResMed Inc. has a 1-year low of $61.63 and a 1-year high of $87.81.
ResMed (NYSE:RMD) last announced its quarterly earnings data on Thursday, October 26th. The medical equipment provider reported $0.66 earnings per share for the quarter, meeting the Thomson Reuters’ consensus estimate of $0.66. The company had revenue of $523.66 million during the quarter, compared to analysts’ expectations of $506.08 million. ResMed had a return on equity of 21.53% and a net margin of 16.58%. ResMed’s revenue for the quarter was up 12.5% compared to the same quarter last year. During the same quarter last year, the company earned $0.62 EPS. equities analysts forecast that ResMed Inc. will post 3.04 earnings per share for the current year.
The business also recently disclosed a quarterly dividend, which was paid on Thursday, December 14th. Stockholders of record on Thursday, November 9th were issued a $0.35 dividend. This represents a $1.40 annualized dividend and a dividend yield of 1.60%. The ex-dividend date of this dividend was Wednesday, November 8th. ResMed’s payout ratio is 56.68%.
A number of equities analysts have issued reports on the company. Zacks Investment Research upgraded ResMed from a “sell” rating to a “hold” rating in a report on Friday. Northland Securities reiterated a “sell” rating and set a $55.00 target price on shares of ResMed in a report on Friday, October 27th. Jefferies Group reiterated a “sell” rating and set a $56.00 target price on shares of ResMed in a report on Thursday, October 12th. BMO Capital Markets increased their target price on ResMed to $82.00 and gave the stock a “market perform” rating in a report on Tuesday, December 12th. Finally, Barclays increased their target price on ResMed from $65.00 to $68.00 and gave the stock an “underweight” rating in a report on Monday, September 25th. Four analysts have rated the stock with a sell rating, five have issued a hold rating and four have assigned a buy rating to the stock. ResMed currently has a consensus rating of “Hold” and a consensus price target of $68.71.
Several hedge funds and other institutional investors have recently made changes to their positions in the company. BlackRock Inc. grew its holdings in shares of ResMed by 6.8% in the 2nd quarter. BlackRock Inc. now owns 14,240,077 shares of the medical equipment provider’s stock valued at $1,108,877,000 after acquiring an additional 904,939 shares in the last quarter. Vanguard Group Inc. grew its holdings in shares of ResMed by 3.3% in the 2nd quarter. Vanguard Group Inc. now owns 11,914,671 shares of the medical equipment provider’s stock valued at $927,797,000 after acquiring an additional 378,964 shares in the last quarter. FMR LLC grew its holdings in shares of ResMed by 38.2% in the 2nd quarter. FMR LLC now owns 5,542,582 shares of the medical equipment provider’s stock valued at $431,601,000 after acquiring an additional 1,531,772 shares in the last quarter. Baillie Gifford & Co. grew its holdings in shares of ResMed by 0.9% in the 3rd quarter. Baillie Gifford & Co. now owns 4,913,626 shares of the medical equipment provider’s stock valued at $378,154,000 after acquiring an additional 44,340 shares in the last quarter. Finally, Northern Trust Corp grew its holdings in shares of ResMed by 8.7% in the 2nd quarter. Northern Trust Corp now owns 1,473,925 shares of the medical equipment provider’s stock valued at $114,774,000 after acquiring an additional 118,428 shares in the last quarter. Institutional investors own 61.85% of the company’s stock.
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ResMed Company Profile
ResMed Inc is a holding company. The Company is engaged in the development, manufacturing, distribution and marketing of medical devices and cloud-based software applications that diagnose, treat and manage respiratory disorders, including sleep disordered breathing (SDB), chronic obstructive pulmonary disease (COPD), neuromuscular disease and other diseases.
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