Teachers Retirement System of The State of Kentucky decreased its position in Medtronic plc. (NYSE:MDT) by 13.7% in the 4th quarter, HoldingsChannel.com reports. The institutional investor owned 446,443 shares of the medical technology company’s stock after selling 70,630 shares during the period. Teachers Retirement System of The State of Kentucky’s holdings in Medtronic were worth $36,050,000 at the end of the most recent reporting period.
Other institutional investors have also recently made changes to their positions in the company. Quadrant Capital Group LLC raised its position in shares of Medtronic by 21.5% during the second quarter. Quadrant Capital Group LLC now owns 1,639 shares of the medical technology company’s stock worth $114,000 after purchasing an additional 290 shares during the period. Blue Chip Partners Inc. acquired a new stake in shares of Medtronic during the third quarter worth $118,000. Barrett Asset Management LLC raised its position in shares of Medtronic by 856.0% during the fourth quarter. Barrett Asset Management LLC now owns 1,826 shares of the medical technology company’s stock worth $147,000 after purchasing an additional 1,635 shares during the period. Westwood Holdings Group Inc. acquired a new stake in shares of Medtronic during the second quarter worth $151,000. Finally, SevenBridge Financial Group LLC raised its position in shares of Medtronic by 76.2% during the third quarter. SevenBridge Financial Group LLC now owns 2,197 shares of the medical technology company’s stock worth $171,000 after purchasing an additional 950 shares during the period. Institutional investors and hedge funds own 80.79% of the company’s stock.
MDT has been the topic of a number of recent analyst reports. Bank of America raised Medtronic from a “neutral” rating to a “buy” rating in a research report on Tuesday, January 2nd. Royal Bank of Canada reaffirmed an “outperform” rating and set a $92.00 target price on shares of Medtronic in a research report on Wednesday, February 14th. SunTrust Banks set a $92.00 target price on Medtronic and gave the stock a “buy” rating in a research report on Sunday, November 19th. Jefferies Group reaffirmed a “buy” rating and set a $99.00 target price on shares of Medtronic in a research report on Thursday, November 23rd. Finally, Citigroup reaffirmed a “buy” rating and set a $93.00 target price (down from $100.00) on shares of Medtronic in a research report on Thursday, February 22nd. One research analyst has rated the stock with a sell rating, eight have assigned a hold rating and sixteen have given a buy rating to the stock. The stock currently has an average rating of “Buy” and an average target price of $91.50.
Medtronic plc. (NYSE:MDT) opened at $83.15 on Monday. The company has a debt-to-equity ratio of 0.51, a current ratio of 2.43 and a quick ratio of 2.09. Medtronic plc. has a 52-week low of $76.51 and a 52-week high of $89.72. The firm has a market capitalization of $112,699.27, a PE ratio of 17.73, a price-to-earnings-growth ratio of 2.36 and a beta of 0.97.
Medtronic (NYSE:MDT) last issued its earnings results on Tuesday, February 20th. The medical technology company reported $1.17 earnings per share for the quarter, topping the consensus estimate of $1.16 by $0.01. Medtronic had a return on equity of 12.65% and a net margin of 9.44%. The company had revenue of $7.37 billion for the quarter, compared to analyst estimates of $7.20 billion. During the same period in the prior year, the firm posted $1.12 EPS. The business’s revenue was up 1.2% compared to the same quarter last year. sell-side analysts anticipate that Medtronic plc. will post 4.75 earnings per share for the current year.
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Medtronic Public Limited Company (Medtronic) is a medical technology and services company. The Company develops, manufactures and markets its medical devices and technologies to hospitals, physicians, clinicians and patients in approximately 160 countries. The Company operates in four segments: Cardiac and Vascular Group, Minimally Invasive Technologies Group, Restorative Therapies Group and Diabetes Group.
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