Oppenheimer Asset Management Inc. Trims Position in Medtronic PLC $MDT

Key Points

• Oppenheimer Asset Management trimmed its Medtronic stake by 4.6% in Q4, selling 24,907 shares and leaving it with 519,311 shares valued at about $49.9 million.
• Analyst coverage is mixed but the consensus is a Moderate Buy with an average price target of $107.80 (15 Buys, 11 Holds), as firms have both raised and cut targets recently.
• Medtronic slightly beat quarterly EPS and set FY2026 guidance of EPS 5.62–5.66; it pays a $0.71 quarterly dividend (≈3.5% yield) and the stock trades near its 12‑month low with a market cap around $104 billion.

Oppenheimer Asset Management Inc. lessened its position in shares of Medtronic PLC (NYSE:MDT - Free Report) by 4.6% in the fourth quarter, according to the company in its most recent Form 13F filing with the SEC. The fund owned 519,311 shares of the medical technology company's stock after selling 24,907 shares during the quarter. Oppenheimer Asset Management Inc.'s holdings in Medtronic were worth $49,885,000 at the end of the most recent reporting period.

A number of other hedge funds also recently bought and sold shares of MDT. Corundum Trust Company INC purchased a new stake in Medtronic during the third quarter valued at approximately $27,000. Lodestone Wealth Management LLC purchased a new stake in Medtronic during the fourth quarter valued at approximately $27,000. Board of the Pension Protection Fund purchased a new stake in Medtronic during the fourth quarter valued at approximately $29,000. GoalVest Advisory LLC purchased a new stake in Medtronic in the fourth quarter worth about $29,000. Finally, Valley Wealth Managers Inc. purchased a new stake in Medtronic in the third quarter worth about $29,000. Hedge funds and other institutional investors own 82.06% of the company's stock.

Wall Street Analyst Weigh In

MDT has been the subject of a number of analyst reports. Wells Fargo & Company initiated coverage on Medtronic in a research report on Friday, January 30th. They issued an "overweight" rating and a $114.00 price target for the company. Sanford C. Bernstein upped their price target on Medtronic from $111.00 to $112.00 and gave the stock an "outperform" rating in a research report on Friday, January 9th. Citigroup reduced their price objective on shares of Medtronic from $117.00 to $110.00 and set a "buy" rating for the company in a research note on Tuesday, April 7th. Mizuho reduced their price objective on shares of Medtronic from $125.00 to $120.00 and set an "outperform" rating for the company in a research note on Monday, April 13th. Finally, Barclays increased their price objective on shares of Medtronic from $118.00 to $120.00 and gave the stock an "overweight" rating in a research note on Wednesday, April 1st. Fifteen research analysts have rated the stock with a Buy rating and eleven have assigned a Hold rating to the stock. According to MarketBeat.com, the stock presently has a consensus rating of "Moderate Buy" and an average price target of $107.80.

Medtronic Stock Performance

NYSE:MDT opened at $81.07 on Friday. The company has a current ratio of 2.54, a quick ratio of 1.87 and a debt-to-equity ratio of 0.57. Medtronic PLC has a 12-month low of $78.91 and a 12-month high of $106.33. The stock has a 50-day moving average price of $88.44 and a 200 day moving average price of $94.82. The stock has a market capitalization of $104.09 billion, a P/E ratio of 22.58, a P/E/G ratio of 2.06 and a beta of 0.75.

Medtronic (NYSE:MDT - Get Free Report) last posted its earnings results on Tuesday, February 17th. The medical technology company reported $1.36 earnings per share for the quarter, beating the consensus estimate of $1.34 by $0.02. The company had revenue of $9.02 billion during the quarter, compared to analysts' expectations of $8.89 billion. Medtronic had a net margin of 13.00% and a return on equity of 14.82%. Medtronic's quarterly revenue was up 5.8% on a year-over-year basis. During the same period last year, the company posted $1.38 earnings per share. Medtronic has set its FY 2026 guidance at 5.620-5.660 EPS. Equities research analysts forecast that Medtronic PLC will post 5.57 EPS for the current fiscal year.

Medtronic Announces Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Friday, April 17th. Shareholders of record on Friday, March 27th were paid a $0.71 dividend. This represents a $2.84 dividend on an annualized basis and a dividend yield of 3.5%. The ex-dividend date of this dividend was Friday, March 27th. Medtronic's dividend payout ratio (DPR) is presently 79.11%.

Trending Headlines about Medtronic

Here are the key news stories impacting Medtronic this week:

• Positive Sentiment: FDA clearance for a next‑generation mitral valve expands Medtronic’s structural‑heart portfolio and could boost procedure volumes and long‑term revenue. Medtronic wins FDA nod for next-gen mitral valve
• Positive Sentiment: CE mark for the Stealth AXiS surgical robot platform supports earlier commercial rollout in Europe and strengthens Medtronic’s surgical robotics / navigation offering. This is a commercialization milestone that can accelerate adoption outside the U.S. Medtronic wins CE mark for Stealth AXiS surgical robot platform
• Positive Sentiment: Affera-related wins (FDA Breakthrough Device for Sphere‑9 and CE activity) and Medtronic’s progress on its cardiac ablation platform signal potential expansion into more complex arrhythmia treatments — a sizeable high‑margin market if commercialized broadly. Affera Breakthrough: FDA Nod For Sphere-9 Could Be A Game Changer For Medtronic (MDT)
• Positive Sentiment: Enrollment of the first patient in a post‑approval study for the Altaviva tibial neuromodulation device supports ongoing evidence generation and reimbursement positioning for a therapy targeting chronic indications — helps defend adoption and payer coverage. Medtronic enrolls first patient in post-approval study of Altaviva tibial neuromod
• Positive Sentiment: Market research reports for wearables and continuous glucose monitoring (Australia, Saudi Arabia, Middle East/Africa) highlight long‑term TAM expansion in remote monitoring and diabetes care — areas where Medtronic has product exposure. These macro tailwinds support growth prospects for MDT’s diabetes & connected devices businesses. Australia Wearable Medical Devices Market Trends and Forecasts Saudi Arabia Wearable Medical Devices Market Trends and Forecasts Middle East and Africa Continuous Glucose Monitoring Market Forecast
• Neutral Sentiment: Analysts’ opinions are mixed on MDT — some see valuation upside once execution stabilizes, others flag near‑term headwinds. Mixed analyst coverage tends to increase volatility but doesn’t change fundamentals immediately. Analysts’ Opinions Are Mixed on These Healthcare Stocks
• Neutral Sentiment: Industry moves (e.g., Teleflex CEO appointment) and FDA Breakthrough designations for other companies (Orchestra BioMed) are sector context items — they can affect competitive dynamics but are not direct Medtronic news. Teleflex Appoints Jason Weidman as President and CEO FDA Grants Orchestra BioMed Additional Breakthrough Device Designation for AVIM Therapy
• Negative Sentiment: UBS and Jefferies have trimmed their views/price targets after changes in Medtronic’s diabetes unit and model updates — analyst downgrades can pressure the stock and signal investor concern on near‑term execution or margins. UBS and Jefferies Lower Views on Medtronic (MDT) Amid Diabetes Unit Changes
• Negative Sentiment: Coverage noting MDT is trading near recent lows and headlines about steeper intraday/closing drops can amplify bearish sentiment and short‑term selling pressure even if fundamentals show product progress. Medtronic Near Lows: S&P 500 Index Healthcare Story to Watch Medtronic (MDT) Falls More Steeply Than Broader Market

Insider Activity at Medtronic

In other Medtronic news, EVP Harry Skip Kiil sold 52,524 shares of Medtronic stock in a transaction on Thursday, February 19th. The shares were sold at an average price of $97.71, for a total value of $5,132,120.04. Following the completion of the transaction, the executive vice president directly owned 32,768 shares of the company's stock, valued at $3,201,761.28. This trade represents a 61.58% decrease in their position. The sale was disclosed in a filing with the SEC, which is available at this link. 0.26% of the stock is owned by insiders.

Medtronic Company Profile

Medtronic plc is a global medical technology company that develops and manufactures a broad range of therapeutic devices and health care solutions. Headquartered legally in Ireland with principal operational offices in the United States, the company markets products to hospitals, physicians and health systems worldwide and has grown from its founding in 1949 into one of the largest medical-device manufacturers serving global health-care markets.

Medtronic's offerings span several clinical areas, including cardiac rhythm and heart failure (pacemakers, implantable cardioverter‑defibrillators and related cardiac therapies), minimally invasive and surgical technologies (laparoscopic and advanced energy devices, visualization systems and surgical innovations), restorative therapies (spine and orthopedics, neuromodulation and neurovascular treatments) and diabetes management (insulin-delivery systems and glucose monitoring solutions).

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