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NYSE:MDT

Medtronic Stock Forecast, Price & News

$125.51
+0.24 (+0.19 %)
(As of 05/17/2021 11:15 AM ET)
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Today's Range
$125.09
$125.70
50-Day Range
$116.58
$131.50
52-Week Range
$87.68
$132.30
Volume25,108 shs
Average Volume4.55 million shs
Market Capitalization$169.20 billion
P/E Ratio47.90
Dividend Yield1.85%
Beta0.7
30 days | 90 days | 365 days | Advanced Chart
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Medtronic logo

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. The Cardiac and Vascular Group segment offers implantable cardiac pacemakers, cardioverter defibrillators, and cardiac resynchronization therapy devices; AF ablation products; insertable cardiac monitor systems; mechanical circulatory support; TYRX products; and remote monitoring and patient-centered software. It also provides aortic valves; percutaneous coronary intervention stents, surgical valve replacement and repair products, endovascular stent grafts, percutaneous angioplasty balloons, and products to treat superficial venous diseases in the lower extremities. The Minimally Invasive Therapies Group segment offers surgical products, including surgical stapling devices, vessel sealing instruments, wound closure, electrosurgery products, hernia mechanical devices, mesh implants, and gynecology products; electrosurgical hardware and instruments, and mesh fixation devices; and gastrointestinal, inhalation therapy, and renal care solutions. The Restorative Therapies Group segment offers products for spinal surgeons; neurosurgeons; neurologists; pain management specialists; anesthesiologists; orthopedic surgeons; urologists; colorectal surgeons; urogynecologists; interventional radiologists; ear, nose, and throat specialists; and systems that incorporate energy surgical instruments. It also provides image-guided surgery and intra-operative imaging systems and robotic guidance systems used in robot assisted spine procedures; and therapies for vasculature in and around the brain. The Diabetes Group segment offers insulin pumps and consumables, and continuous glucose monitoring systems. The company was founded in 1949 and is headquartered in Dublin, Ireland.

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Industry, Sector and Symbol

Industry Electromedical equipment
Sub-IndustryHealth Care Equipment
SectorMedical
CUSIP58505510
Phone353-1438-1700
Employees90,000
Year Founded1949

Sales & Book Value

Annual Sales$28.91 billion
Cash Flow$7.00 per share
Book Value$37.96 per share

Profitability

Net Income$4.79 billion

Debt

Price-To-Earnings

Miscellaneous

Outstanding Shares1,348,073,000
Market Cap$169.20 billion
Next Earnings Date5/27/2021 (Confirmed)
OptionableOptionable

Social Links


MarketRank

Overall MarketRank

2.70 out of 5 stars

Medical Sector

2nd out of 2,032 stocks

Electromedical Equipment Industry

1st out of 60 stocks

Analyst Opinion: 2.5Community Rank: 3.3Dividend Strength: 4.2Insider Behavior: 1.7Valuation: 1.9 5 -4 -3 -2 -1 -
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Medtronic (NYSE:MDT) Frequently Asked Questions

Is Medtronic a buy right now?

22 Wall Street research analysts have issued "buy," "hold," and "sell" ratings for Medtronic in the last year. There are currently 2 hold ratings, 19 buy ratings and 1 strong buy rating for the stock. The consensus among Wall Street research analysts is that investors should "buy" Medtronic stock.
View analyst ratings for Medtronic
or view top-rated stocks.

What stocks does MarketBeat like better than Medtronic?

Wall Street analysts have given Medtronic a "Buy" rating, but there may be better buying opportunities in the stock market. Some of MarketBeat's past winning trading ideas have resulted in 5-15% weekly gains. MarketBeat just released five new stock ideas, but Medtronic wasn't one of them. MarketBeat thinks these five companies may be even better buys.
View MarketBeat's top stock picks here.

Are investors shorting Medtronic?

Medtronic saw a increase in short interest during the month of April. As of April 15th, there was short interest totaling 11,660,000 shares, an increase of 47.6% from the March 31st total of 7,900,000 shares. Based on an average daily volume of 4,800,000 shares, the days-to-cover ratio is currently 2.4 days.
View Medtronic's Short Interest
.

When is Medtronic's next earnings date?

Medtronic is scheduled to release its next quarterly earnings announcement on Thursday, May 27th 2021.
View our earnings forecast for Medtronic
.

How can I listen to Medtronic's earnings call?

Medtronic will be holding an earnings conference call on Thursday, May 27th at 12:00 AM Eastern. Interested parties can register for or listen to the call using this link or dial in at Not Available.

How were Medtronic's earnings last quarter?

Medtronic plc (NYSE:MDT) released its quarterly earnings data on Tuesday, February, 23rd. The medical technology company reported $1.29 EPS for the quarter, topping the Zacks' consensus estimate of $1.15 by $0.14. The medical technology company earned $7.78 billion during the quarter, compared to analysts' expectations of $7.77 billion. Medtronic had a trailing twelve-month return on equity of 9.71% and a net margin of 12.69%. Medtronic's quarterly revenue was up .8% on a year-over-year basis. During the same period last year, the business posted $1.44 EPS.
View Medtronic's earnings history
.

How has Medtronic's stock been impacted by COVID-19 (Coronavirus)?

Medtronic's stock was trading at $92.44 on March 11th, 2020 when COVID-19 (Coronavirus) reached pandemic status according to the World Health Organization. Since then, MDT shares have increased by 35.5% and is now trading at $125.27.
View which stocks have been most impacted by COVID-19
.

How often does Medtronic pay dividends? What is the dividend yield for Medtronic?

Medtronic declared a quarterly dividend on Monday, March 8th. Investors of record on Friday, March 26th will be paid a dividend of $0.58 per share on Friday, April 16th. This represents a $2.32 dividend on an annualized basis and a yield of 1.85%. The ex-dividend date of this dividend is Thursday, March 25th.
View Medtronic's dividend history
.

Is Medtronic a good dividend stock?

Medtronic pays an annual dividend of $2.32 per share and currently has a dividend yield of 1.85%. Medtronic has been increasing its dividend for 44 consecutive years, indicating the company has a strong committment to maintain and grow its dividend. The dividend payout ratio of Medtronic is 50.54%. This payout ratio is at a healthy, sustainable level, below 75%. Based on earnings estimates, Medtronic will have a dividend payout ratio of 39.86% next year. This indicates that Medtronic will be able to sustain or increase its dividend.
View Medtronic's dividend history.

What price target have analysts set for MDT?

22 equities research analysts have issued 1-year price objectives for Medtronic's shares. Their forecasts range from $105.00 to $153.00. On average, they anticipate Medtronic's stock price to reach $127.20 in the next twelve months. This suggests a possible upside of 1.5% from the stock's current price.
View analysts' price targets for Medtronic
or view top-rated stocks among Wall Street analysts.

Who are Medtronic's key executives?

Medtronic's management team includes the following people:
  • Mr. Geoffrey Straub Martha, CEO & Chairman (Age 51, Pay $1.68M)
  • Ms. Karen L. Parkhill, Exec. VP & CFO (Age 56, Pay $1.81M)
  • Mr. Bradley E. Lerman, Sr. VP, Gen. Counsel & Corp. Sec. (Age 65, Pay $1.74M)
  • Mr. Mark Ploof, Sr. VP of Global Operations and Bus. Services
  • Dr. Richard E. Kuntz, Sr. VP & Chief Medical and Scientific Officer (Age 64)
  • Mr. Sean Lennon, Chief Information Officer
  • Mr. Ryan Weispfenning, VP of Investor Relations
  • Ms. Marguerite Copel, PR & Interim Chief Communications Officer
  • Ms. Carol A. Surface, Sr. VP & Chief HR Officer (Age 55)
  • Mr. Sean M. Salmon, EVP, Pres of Diabetes Operating Unit & EVP & Pres of Cardiovascular Portfolio (Age 55)

What is Omar S. Ishrak's approval rating as Medtronic's CEO?

1,925 employees have rated Medtronic CEO Omar S. Ishrak on Glassdoor.com. Omar S. Ishrak has an approval rating of 92% among Medtronic's employees. This puts Omar S. Ishrak in the top 30% of approval ratings compared to other CEOs of publicly-traded companies.

Who are some of Medtronic's key competitors?

What other stocks do shareholders of Medtronic own?

Based on aggregate information from My MarketBeat watchlists, some companies that other Medtronic investors own include Johnson & Johnson (JNJ), AT&T (T), NVIDIA (NVDA), AbbVie (ABBV), The Walt Disney (DIS), Cisco Systems (CSCO), Intel (INTC), CVS Health (CVS), The Home Depot (HD) and Walmart (WMT).

What is Medtronic's stock symbol?

Medtronic trades on the New York Stock Exchange (NYSE) under the ticker symbol "MDT."

Who are Medtronic's major shareholders?

Medtronic's stock is owned by a variety of institutional and retail investors. Top institutional shareholders include BlackRock Inc. (7.92%), Massachusetts Financial Services Co. MA (3.55%), Lazard Asset Management LLC (1.79%), Geode Capital Management LLC (1.59%), Bank of New York Mellon Corp (1.43%) and Franklin Resources Inc. (1.39%). Company insiders that own Medtronic stock include Bradley E Lerman, Carol A Surface, Geoffrey Martha, Hoedt Rob Ten, Hooman Hakami, Karen L Parkhill, Michael J Coyle, Omar Ishrak, Richard H Anderson, Richard Kuntz and Robert John White.
View institutional ownership trends for Medtronic
.

Which major investors are selling Medtronic stock?

MDT stock was sold by a variety of institutional investors in the last quarter, including Massachusetts Financial Services Co. MA, Schafer Cullen Capital Management Inc, Bank of Montreal Can, Nordea Investment Management AB, CIBC World Markets Inc., APG Asset Management N.V., State of Tennessee Treasury Department, and Tesco Pension Investment Ltd. Company insiders that have sold Medtronic company stock in the last year include Bradley E Lerman, Carol A Surface, Hoedt Rob Ten, Karen L Parkhill, Omar Ishrak, and Robert John White.
View insider buying and selling activity for Medtronic
or view top insider-selling stocks.

Which major investors are buying Medtronic stock?

MDT stock was purchased by a variety of institutional investors in the last quarter, including Cullen Capital Management LLC, Envestnet Asset Management Inc., DekaBank Deutsche Girozentrale, Neuberger Berman Group LLC, Diamond Hill Capital Management Inc., TD Asset Management Inc., Geode Capital Management LLC, and Jennison Associates LLC. Company insiders that have bought Medtronic stock in the last two years include Omar Ishrak, and Richard H Anderson.
View insider buying and selling activity for Medtronic
or or view top insider-buying stocks.

How do I buy shares of Medtronic?

Shares of MDT can be purchased through any online brokerage account. Popular online brokerages with access to the U.S. stock market include WeBull, Vanguard Brokerage Services, TD Ameritrade, E*TRADE, Robinhood, Fidelity, and Charles Schwab.
Compare Top Brokerages Here.

What is Medtronic's stock price today?

One share of MDT stock can currently be purchased for approximately $125.27.

How much money does Medtronic make?

Medtronic has a market capitalization of $168.87 billion and generates $28.91 billion in revenue each year. The medical technology company earns $4.79 billion in net income (profit) each year or $4.59 on an earnings per share basis.

How many employees does Medtronic have?

Medtronic employs 90,000 workers across the globe.

When was Medtronic founded?

Medtronic was founded in 1949.

What is Medtronic's official website?

The official website for Medtronic is www.medtronic.com.

Where are Medtronic's headquarters?

Medtronic is headquartered at 20 ON HATCH LOWER HATCH STREET, DUBLIN L2, D02.

How can I contact Medtronic?

Medtronic's mailing address is 20 ON HATCH LOWER HATCH STREET, DUBLIN L2, D02. The medical technology company can be reached via phone at 353-1438-1700 or via email at [email protected]


This page was last updated on 5/17/2021 by MarketBeat.com Staff
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