This Is Too Hot For Medtronic Plc (NYSE: MDT), Let’s Take A Closer Look

After Hours

There may be slightly higher risks associated with pre-market and after-hours trading than during regular market hours. Due to the fact that issuers often announce critical financial information outside of regular trading hours, extended-hours trading may result in wider spreads for particular securities.

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Stocks Info

As a NYSE listed company, MDT falls under the Healthcare sector while operating within the Medical Devices industry segment. The current market capitalization of Medtronic Plc is $115.42B. A total of 4.89 million shares were traded on the day, compared to an average of 6.54M shares.

In the most recent transaction, PARKHILL KAREN L bought 2,668 shares of MDT for 90.00 per share on Aug 26 ’24. In a previous transaction on Jun 07 ’24, Martha Geoffrey sold 19,113 shares at 83.77 per share. MDT shares that Chairman and CEO owns now total 143,348.

Among the insiders who sold shares, Marinaro Michael disposed of 854 shares on Apr 08 ’24 at a per-share price of $83.14. This resulted in the EVP & President, Surgical OU holding 27,925 shares of MDT after the transaction. In another insider transaction, Salmon Sean sold 30,695 shares at $85.13 per share on Feb 21 ’24. Company shares held by the EVP & President Cardiovascular now total 48,289.

Dividend

Investors prefer companies that pay dividends because dividends generate immediate cash flow and indicate a positive outlook. Medtronic Plc pays an annual dividend of $2.78, resulting in a dividend yield of 3.09%, and it has a price to earnings (P/E) ratio of 30.28. MDT’s most recent ex-dividend date was 9/27/2024 when it declared a $0.70 quarterly dividend that was paid in cash on 10/11/2024. Previously, the company paid the dividend on 7/12/2024 with an ex-dividend date of 6/28/2024. The MDT stock dividend was $0.70 per share in cash.

In spite of price targets being rarely accurate, it tends to exert some kind influence from time to time, and was often accepted by the market as having some value. In terms of 52-week highs and lows, MDT has a high of $91.49 and a low of $68.84.

Balance Sheet Annually/Quarterly

The balance sheet of a company shows what assets and liabilities a company has, as well as the amount, equity investors have invested. With the help of this information, a company’s financial ratios can be calculated to give investors an overview of the company’s prospects. MDT’s latest balance sheet shows that the firm has $10.57B in Cash & Short Term Investments as of fiscal 2022. There were $24.11B in debt and $12.39B in liabilities at the time. Its Book Value Per Share was $37.39, while its Total Shareholder’s Equity was $52.72B.

Analysts Opinion

The risks associated with pre-market and after-hours trading may be slightly higher than the regular market hours. The reason is that extended-hours trading may result in wider spreads for particular security due to lower liquidity and higher volatility as issuers often announce critical financial information outside regular trading hours. Currently, 0 analysts are providing their opinions on the stock. On a scale of 1 to 5, with 1 being Sell and 5 being Buy, the average analyst rating for MDT is Buy with a score of 3.59.

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