Honkamp Krueger Financial Services Inc. Trims Stake in Medtronic PLC (NYSE:MDT)

Share on StockTwits

Honkamp Krueger Financial Services Inc. trimmed its stake in Medtronic PLC (NYSE:MDT) by 2.9% in the 4th quarter, HoldingsChannel reports. The firm owned 6,873 shares of the medical technology company’s stock after selling 203 shares during the period. Honkamp Krueger Financial Services Inc.’s holdings in Medtronic were worth $780,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Several other large investors also recently bought and sold shares of the company. Kanawha Capital Management LLC grew its stake in Medtronic by 12.1% during the second quarter. Kanawha Capital Management LLC now owns 64,082 shares of the medical technology company’s stock worth $6,241,000 after purchasing an additional 6,913 shares during the period. Barrow Hanley Mewhinney & Strauss LLC boosted its holdings in Medtronic by 9.4% in the second quarter. Barrow Hanley Mewhinney & Strauss LLC now owns 14,499,865 shares of the medical technology company’s stock worth $1,412,142,000 after acquiring an additional 1,251,830 shares in the last quarter. Holocene Advisors LP bought a new position in Medtronic in the second quarter worth approximately $656,000. Putnam Investments LLC boosted its holdings in Medtronic by 20.0% in the second quarter. Putnam Investments LLC now owns 954,516 shares of the medical technology company’s stock worth $92,961,000 after acquiring an additional 159,339 shares in the last quarter. Finally, Gladstone Institutional Advisory LLC bought a new position in Medtronic in the second quarter worth approximately $383,000. Hedge funds and other institutional investors own 80.65% of the company’s stock.

In other news, EVP Robert John White sold 52,166 shares of the firm’s stock in a transaction that occurred on Monday, December 2nd. The stock was sold at an average price of $110.62, for a total value of $5,770,602.92. Following the transaction, the executive vice president now owns 77,510 shares in the company, valued at $8,574,156.20. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, Director Richard H. Anderson bought 5,000 shares of the company’s stock in a transaction dated Friday, December 6th. The stock was bought at an average price of $111.13 per share, for a total transaction of $555,650.00. The disclosure for this purchase can be found here. Insiders sold 106,433 shares of company stock worth $11,704,539 in the last 90 days. Corporate insiders own 0.28% of the company’s stock.

MDT stock opened at $117.33 on Thursday. Medtronic PLC has a twelve month low of $82.77 and a twelve month high of $118.96. The company has a quick ratio of 2.28, a current ratio of 2.77 and a debt-to-equity ratio of 0.49. The stock’s 50 day moving average is $113.84 and its 200-day moving average is $107.66. The firm has a market capitalization of $156.88 billion, a PE ratio of 21.67, a P/E/G ratio of 2.84 and a beta of 0.60.

Medtronic (NYSE:MDT) last posted its earnings results on Tuesday, November 19th. The medical technology company reported $1.31 earnings per share for the quarter, beating the Zacks’ consensus estimate of $1.28 by $0.03. Medtronic had a return on equity of 14.52% and a net margin of 15.11%. The company had revenue of $7.71 billion for the quarter, compared to analyst estimates of $7.66 billion. During the same quarter last year, the company earned $1.22 earnings per share. The company’s revenue for the quarter was up 3.0% on a year-over-year basis. On average, equities research analysts anticipate that Medtronic PLC will post 5.6 earnings per share for the current fiscal year.

The business also recently announced a quarterly dividend, which will be paid on Friday, January 17th. Stockholders of record on Friday, December 27th will be issued a $0.54 dividend. The ex-dividend date of this dividend is Thursday, December 26th. This represents a $2.16 dividend on an annualized basis and a dividend yield of 1.84%. Medtronic’s dividend payout ratio is presently 41.38%.

Several brokerages have issued reports on MDT. Guggenheim upgraded Medtronic from a “neutral” rating to a “buy” rating and set a $135.00 price target on the stock in a report on Thursday, January 2nd. They noted that the move was a valuation call. Deutsche Bank began coverage on Medtronic in a report on Friday, January 3rd. They issued a “buy” rating and a $99.00 price target on the stock. Morgan Stanley increased their price target on Medtronic from $116.00 to $123.00 and gave the stock an “equal weight” rating in a report on Tuesday, December 17th. SunTrust Banks began coverage on Medtronic in a report on Tuesday, January 7th. They issued a “buy” rating and a $130.00 price target on the stock. Finally, Royal Bank of Canada increased their price target on Medtronic from $118.00 to $122.00 and gave the stock an “outperform” rating in a report on Wednesday, November 20th. Six investment analysts have rated the stock with a hold rating and seventeen have assigned a buy rating to the company. The stock presently has an average rating of “Buy” and an average price target of $119.52.

About Medtronic

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.

Featured Story: Why is the price-sales ratio important?

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).

Institutional Ownership by Quarter for Medtronic (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.



Latest News

Hormel Foods Corp  Stock Position Cut by Honkamp Krueger Financial Services Inc.
Hormel Foods Corp Stock Position Cut by Honkamp Krueger Financial Services Inc.
Honkamp Krueger Financial Services Inc. Purchases 809 Shares of Schwab U.S. Mid-Cap ETF
Honkamp Krueger Financial Services Inc. Purchases 809 Shares of Schwab U.S. Mid-Cap ETF
Colgate-Palmolive  Shares Sold by Honkamp Krueger Financial Services Inc.
Colgate-Palmolive Shares Sold by Honkamp Krueger Financial Services Inc.
Honkamp Krueger Financial Services Inc. Trims Stake in Medtronic PLC
Honkamp Krueger Financial Services Inc. Trims Stake in Medtronic PLC
Short Interest in Allogene Therapeutics Inc  Increases By 9.6%
Short Interest in Allogene Therapeutics Inc Increases By 9.6%
Aerie Pharmaceuticals Inc  Short Interest Update
Aerie Pharmaceuticals Inc Short Interest Update


© 2006-2020 Ticker Report