Keystone Financial Planning Inc. Purchases Shares of 126,411 Medtronic PLC $MDT

Key Points

• Keystone Financial Planning purchased 126,411 Medtronic shares worth approximately $9.9 million, making MDT about 2.5% of its portfolio and its ninth-largest holding.
• Medtronic reported quarterly revenue of $9.76 billion and EPS of $1.45, beating analyst expectations, while revenue increased 13.7% year over year. Institutional investors own approximately 82.1% of the company.
• The company declared a quarterly dividend of $0.72, equivalent to a 3.1% annualized yield. Analysts maintain a consensus “Moderate Buy” rating with an average price target of $103.92.

Keystone Financial Planning Inc. purchased a new stake in Medtronic PLC (NYSE:MDT - Free Report) during the second quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The fund purchased 126,411 shares of the medical technology company's stock, valued at approximately $9,889,000. Medtronic makes up approximately 2.5% of Keystone Financial Planning Inc.'s investment portfolio, making the stock its 9th largest holding.

Several other institutional investors and hedge funds also recently modified their holdings of MDT. California State Teachers Retirement System lifted its stake in Medtronic by 7,655.7% in the 2nd quarter. California State Teachers Retirement System now owns 158,124,578 shares of the medical technology company's stock valued at $12,370,086,000 after acquiring an additional 156,085,748 shares in the last quarter. Norges Bank bought a new position in shares of Medtronic during the 4th quarter worth approximately $1,653,485,000. WCM Investment Management LLC bought a new position in shares of Medtronic during the 1st quarter worth approximately $965,922,000. Capital Research Global Investors raised its holdings in shares of Medtronic by 12.6% in the fourth quarter. Capital Research Global Investors now owns 34,573,163 shares of the medical technology company's stock valued at $3,321,101,000 after purchasing an additional 3,880,174 shares during the last quarter. Finally, First Eagle Investment Management LLC lifted its position in shares of Medtronic by 37.2% in the second quarter. First Eagle Investment Management LLC now owns 13,783,983 shares of the medical technology company's stock worth $1,078,321,000 after purchasing an additional 3,739,288 shares in the last quarter. 82.06% of the stock is owned by institutional investors and hedge funds.

Medtronic Price Performance

NYSE:MDT opened at $92.01 on Thursday. The stock has a market capitalization of $117.69 billion, a PE ratio of 22.66, a P/E/G ratio of 2.17 and a beta of 0.56. Medtronic PLC has a 1-year low of $73.31 and a 1-year high of $106.33. The firm has a fifty day simple moving average of $87.58 and a 200 day simple moving average of $85.17. The company has a current ratio of 2.07, a quick ratio of 1.54 and a debt-to-equity ratio of 0.50.

Medtronic (NYSE:MDT - Get Free Report) last posted its quarterly earnings results on Tuesday, September 1st. The medical technology company reported $1.45 earnings per share (EPS) for the quarter, topping the consensus estimate of $1.39 by $0.06. The firm had revenue of $9.76 billion for the quarter, compared to analyst estimates of $9.55 billion. Medtronic had a net margin of 13.93% and a return on equity of 14.78%. The company's quarterly revenue was up 13.7% compared to the same quarter last year. During the same period in the prior year, the firm posted $1.26 earnings per share. Medtronic has set its Q2 2027 guidance at 1.320-1.340 EPS and its FY 2027 guidance at 5.940-6.000 EPS. On average, research analysts expect that Medtronic PLC will post 5.96 EPS for the current fiscal year.

Medtronic Dividend Announcement

The company also recently announced a quarterly dividend, which will be paid on Friday, October 16th. Stockholders of record on Friday, September 25th will be issued a $0.72 dividend. This represents a $2.88 dividend on an annualized basis and a dividend yield of 3.1%. The ex-dividend date of this dividend is Friday, September 25th. Medtronic's dividend payout ratio is presently 70.94%.

Wall Street Analysts Forecast Growth

MDT has been the subject of several recent research reports. UBS Group increased their target price on shares of Medtronic from $100.00 to $110.00 and gave the stock a "buy" rating in a report on Thursday, September 3rd. Stifel Nicolaus lifted their price target on shares of Medtronic from $80.00 to $95.00 and gave the company a "hold" rating in a research note on Wednesday, September 2nd. The Goldman Sachs Group cut their price target on shares of Medtronic from $84.00 to $83.00 and set a "neutral" rating on the stock in a research report on Thursday, June 4th. JPMorgan Chase & Co. reduced their price objective on shares of Medtronic from $100.00 to $86.00 and set a "neutral" rating for the company in a research note on Thursday, June 4th. Finally, Piper Sandler restated a "neutral" rating on shares of Medtronic in a report on Monday, August 10th. Nineteen analysts have rated the stock with a Buy rating and nine have issued a Hold rating to the company. According to data from MarketBeat.com, the stock has a consensus rating of "Moderate Buy" and an average price target of $103.92.

Key Headlines Impacting Medtronic

Here are the key news stories impacting Medtronic this week:

• Positive Sentiment: Medtronic raised its fiscal 2027 organic revenue-growth outlook and increased the lower end of its adjusted earnings forecast after quarterly results exceeded expectations. Cardiovascular devices were the primary growth engine, while surgical products also contributed to broad-based expansion. Medtronic Raised its Outlook as Heart Devices Accelerate, But Can the Momentum Last?
• Positive Sentiment: Recent results showed 13.7% year-over-year revenue growth, $9.76 billion in quarterly revenue versus a $9.55 billion consensus estimate, and adjusted EPS of $1.45 versus expectations of $1.39. The performance suggests improving demand across Medtronic’s cardiovascular and surgical franchises. Medtronic Q1 2027 Earnings Call Transcript
• Positive Sentiment: Medtronic remains attractive to income-focused investors, offering a roughly 3% dividend yield and having increased its dividend for 49 consecutive years. The company is potentially two years away from reaching “Dividend King” status, which could support long-term shareholder interest. Medtronic Is on the Cusp of Becoming a Dividend King
• Neutral Sentiment: Analysts view the improved growth and earnings outlook favorably, but investors remain selective because Medtronic must demonstrate that its cardiovascular acceleration is sustainable beyond the latest quarter.
• Negative Sentiment: Margin pressure, foreign-exchange effects, execution risks and intense medical-device competition could limit the benefit of stronger sales growth. These concerns help explain why the stock has not fully reflected the improved outlook. Medtronic Raises 2027 Outlook as Broad-Based Growth Gains Momentum

About Medtronic

Medtronic plc is a global medical technology company that develops, manufactures and sells devices and therapies used to diagnose and treat a broad range of medical conditions. Its products are designed for hospitals, physicians and patients across areas including cardiac care, diabetes, neurological disorders, spinal conditions and surgical procedures.

The company's portfolio includes pacemakers, implantable cardioverter-defibrillators, cardiac ablation systems, heart valves, neurostimulation systems, implantable pumps, spinal implants and surgical technologies.

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