Medtronic PLC (MDT) Holdings Boosted by Stock Yards Bank & Trust Co.
Stock Yards Bank & Trust Co. raised its position in Medtronic PLC (NYSE:MDT) by 33.0% during the third quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 3,367 shares of the medical technology company’s stock after buying an additional 835 shares during the period. Stock Yards Bank & Trust Co.’s holdings in Medtronic were worth $332,000 as of its most recent SEC filing.
Other large investors have also recently added to or reduced their stakes in the company. Ballew Advisors Inc acquired a new position in Medtronic in the second quarter valued at about $100,000. BDO Wealth Advisors LLC boosted its position in Medtronic by 99.6% in the first quarter. BDO Wealth Advisors LLC now owns 1,427 shares of the medical technology company’s stock valued at $115,000 after buying an additional 712 shares in the last quarter. Fort L.P. acquired a new position in Medtronic in the second quarter valued at about $121,000. Global Trust Asset Management LLC boosted its position in Medtronic by 112.1% in the second quarter. Global Trust Asset Management LLC now owns 1,523 shares of the medical technology company’s stock valued at $130,000 after buying an additional 805 shares in the last quarter. Finally, Trustcore Financial Services LLC boosted its position in Medtronic by 97.3% in the second quarter. Trustcore Financial Services LLC now owns 1,760 shares of the medical technology company’s stock valued at $151,000 after buying an additional 868 shares in the last quarter. Hedge funds and other institutional investors own 79.90% of the company’s stock.
In other Medtronic news, Director Richard H. Anderson acquired 2,600 shares of the business’s stock in a transaction that occurred on Thursday, August 23rd. The shares were acquired at an average cost of $95.88 per share, for a total transaction of $249,288.00. The acquisition was disclosed in a filing with the Securities & Exchange Commission, which is available through the SEC website. Also, EVP Michael J. Coyle sold 145,544 shares of the stock in a transaction that occurred on Wednesday, August 22nd. The shares were sold at an average price of $95.50, for a total transaction of $13,899,452.00. Following the completion of the transaction, the executive vice president now owns 190,680 shares in the company, valued at $18,209,940. The disclosure for this sale can be found here. Insiders sold 268,678 shares of company stock worth $25,818,353 over the last 90 days. 0.28% of the stock is currently owned by company insiders.
Shares of MDT stock opened at $93.82 on Tuesday. Medtronic PLC has a 1 year low of $76.41 and a 1 year high of $100.15. The company has a market cap of $132.85 billion, a PE ratio of 19.67, a P/E/G ratio of 2.61 and a beta of 0.92. The company has a current ratio of 2.46, a quick ratio of 2.06 and a debt-to-equity ratio of 0.47.
Medtronic (NYSE:MDT) last announced its quarterly earnings data on Tuesday, August 21st. The medical technology company reported $1.17 earnings per share for the quarter, beating the Thomson Reuters’ consensus estimate of $1.11 by $0.06. Medtronic had a net margin of 10.56% and a return on equity of 12.98%. The business had revenue of $7.38 billion for the quarter, compared to analyst estimates of $7.24 billion. During the same period in the prior year, the business posted $1.12 earnings per share. Medtronic’s revenue was down .1% compared to the same quarter last year. Research analysts predict that Medtronic PLC will post 5.12 EPS for the current year.
The firm also recently disclosed a quarterly dividend, which will be paid on Friday, October 19th. Investors of record on Friday, September 28th will be issued a $0.50 dividend. The ex-dividend date is Thursday, September 27th. This represents a $2.00 annualized dividend and a yield of 2.13%. Medtronic’s dividend payout ratio is currently 41.93%.
Medtronic plc develops, manufactures, distributes, and sells device-based medical therapies to hospitals, physicians, clinicians, and patients worldwide. It operates through four segments: Cardiac and Vascular Group, Minimally Invasive Therapies Group, Restorative Therapies Group, and Diabetes Group.
Recommended Story: Growth Stocks, What They Are, What They Are Not
Want to see what other hedge funds are holding MDT? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for Medtronic PLC (NYSE:MDT).
Receive News & Ratings for Medtronic Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Medtronic and related companies with MarketBeat.com's FREE daily email newsletter.