Is Medtronic Plc (NYSE: MDT) Still On The Rise?

After Hours

There is a slight risk associated with trading before and after the market open. Due to lower liquidity and higher volatility, extended-hours trading may result in wider spreads on particular security due to the release of critical financial information after regular trading hours.

Stocks Info

This NYSE-listed company operates within the Medical Devices industry segment, falling under the Healthcare sector. The current market capitalization of Medtronic Plc is $112.94B. A total of 9.58 million shares were traded on the day, compared to an average of 6.50M shares.

In the most recent transaction, Wall Brett A. sold 9,850 shares of MDT for 80.41 per share on Jan 08 ’25. After the transaction, the EVP & Pres Neuroscience now owns 40,708 company shares. In a previous transaction on Jan 08 ’25, Wall Brett A. bought 9,850 shares at 80.41 per share.

Among the insiders who bought shares, PARKHILL KAREN L acquired of 30,000 shares on Oct 31 ’24 at a per-share price of $89.73. In another insider transaction, PARKHILL KAREN L bought 15,000 shares at $90.58 per share on Oct 30 ’24.

Dividend

The income generated by dividends is an indication that a company is improving its financial position, which is why investors prefer companies paying dividends. Medtronic Plc pays an annual dividend of $2.79, resulting in a dividend yield of 3.17%, and it has a price to earnings (P/E) ratio of 26.88. MDT’s most recent ex-dividend date was 3.33% when it declared a $0.70 quarterly dividend that was paid in cash on 12/27/2024. Previously, the company paid the dividend on 9/27/2024 with an ex-dividend date of 3.31%. The MDT stock dividend was $0.70 per share in cash.

Even though price targets are rarely accurate, they do tend to exert some kind of influence from time to time and are often considered important by markets. In terms of 52-week highs and lows, MDT has a high of $92.68 and a low of $75.96.

Balance Sheet Annually/Quarterly

In a balance sheet, you can see what assets and liabilities the company has, as well as how much equity investors have invested. These figures can be used to calculate a company’s financial ratios to give investors a better idea of its 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 $37.81, 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 3.61.

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