Medtronic(MDT)

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Why Medtronic (MDT) is a Top Value Stock for the Long-Term
ZACKS· 2024-09-27 14:47
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Federated Hermes, Inc. launches MDT Mid Cap Growth Collective Investment Fund
Prnewswire· 2024-09-26 20:17
Core Insights - Federated Hermes, Inc. has launched the Federated Hermes MDT Mid Cap Growth Collective Investment Fund aimed at qualified retirement plan investors, focusing on capital appreciation through a diversified portfolio of US mid-cap growth companies [1][2] - The fund utilizes a systematic, bottom-up stock-selection process that leverages advanced research and technology to minimize subjective influences [1][2] - The fund is managed by an experienced team with a combined total of over 81 years in investment management, overseeing more than $10 billion in various investment vehicles [2][3] Company Overview - Federated Hermes is a global leader in active investment management, with $782.7 billion in assets under management as of June 30, 2024, serving over 10,000 institutions and intermediaries worldwide [4] - The company offers a wide range of investment solutions, including equity, fixed-income, alternative/private markets, multi-asset, and liquidity management strategies [4] - Federated Hermes has a significant presence with more than 2,000 employees across various global offices, including locations in London, New York, and Boston [4] Fund Details - The new MDT Mid Cap Growth fund is Federated Hermes' first equity collective investment trust (CIT), complementing existing fixed-income CITs [3] - The fund aims to differentiate itself by seeking alpha from multiple sources, enhancing its appeal in the retirement market [2] - The management team includes Daniel Mahr, CFA, Damien Zhang, CFA, Frederick Konopka, CFA, and John Paul Lewicke, each bringing extensive experience to the fund's operations [2]
MDT Stock Might Gain From Expanded AiBLE Ecosystem and New Partnership
ZACKS· 2024-09-26 15:05
At the North American Spine Society's 39th Annual Meeting in Chicago, Medtronic plc (MDT) commercially launched several software, hardware and imaging innovations to advance its AiBLE spine technology ecosystem. In addition, the company announced a partnership with Siemens Healthineers to explore opportunities for expanding access to cutting-edge pre and post-operative imaging technologies for spine care. MDT Stock's Trend Following the News After the announcement, shares of MDT dipped 0.4% to close at $89. ...
Medtronic expands AiBLE™ spine surgery ecosystem with new technologies and Siemens Healthineers partnership
Prnewswire· 2024-09-25 12:00
GALWAY, Ireland and CHICAGO, Sept. 25, 2024 /PRNewswire/ -- Medtronic plc (NYSE: MDT), a global leader in healthcare technology, announced today at the North American Spine Society (NASS) 39th Annual Meeting in Chicago the commercial launch of several software, hardware, and imaging innovations. These enhancements are designed to advance AiBLE™, the Medtronic smart ecosystem of innovative navigation, robotics, data and AI, imaging, software and implants that enable more predictable outcomes in spine and cra ...
Medtronic (MDT) Up 0.7% Since Last Earnings Report: Can It Continue?
ZACKS· 2024-09-19 16:31
A month has gone by since the last earnings report for Medtronic (MDT) . Shares have added about 0.7% in that time frame, outperforming the S&P 500.Will the recent positive trend continue leading up to its next earnings release, or is Medtronic due for a pullback? Before we dive into how investors and analysts have reacted as of late, let's take a quick look at its most recent earnings report in order to get a better handle on the important catalysts. Medtronic Q1 Earnings, Revenues Top Estimates, Margins D ...
Medtronic: An Undervalued Stock With Durable Competitive Advantages
Seeking Alpha· 2024-09-16 13:00
CottonCandyClouds/iStock via Getty Images Medtronic PLC (NYSE:MDT) is a global developer and manufacturer of medical devices for chronic diseases. Founded in 1949, Medtronic is now a $111 billion (by market cap) healthcare behemoth that employs 95,000 people. The company reports results across four segments: Cardiovascular, 37% of FY 2023 revenue; Neuroscience, 29%; Medical Surgical, 27%; and Diabetes, 7%. Medtronic's product portfolio is comprised of a variety of life-saving and life-improving medical devi ...
2 Unstoppable Dividend Stocks to Buy Right Now for Less Than $200
The Motley Fool· 2024-09-14 14:05
Group 1: Dividend Stocks Overview - Dividend income can enhance portfolio growth and provide flexibility in usage [1] - Investing in dividend stocks is a strategy to navigate market volatility [1] Group 2: Medtronic (MDT) - Medtronic is a leading global manufacturer of medical devices, with a strong history of dividend payments, increasing dividends for 46 consecutive years [3][4] - The company currently pays out approximately 93% of its earnings as dividends, with a forward annual dividend rate of $2.80 per share, yielding about 3% [3] - In the last 12 months, Medtronic reported profits of around $4 billion on revenues of approximately $33 billion, with operating cash flow nearing $7 billion [3] - The most recent quarter showed a modest 3% year-over-year revenue growth, but net profit surged by 32% to just over $1 billion, driven by growth in cardiovascular and diabetes product portfolios [4] - Medtronic's stock price performance has been moderate, presenting a potential buying opportunity with a price-to-sales (P/S) ratio of less than 4 [5] Group 3: Target (TGT) - Target has a strong dividend history, with its upcoming Q3 dividend marking the 228th consecutive payment since 1967 and on track for its 53rd consecutive year of dividend increases [6] - The company yields approximately 3% based on current share prices, with a forward annual dividend of $4.48 per share, paying out 46% of its earnings in dividends [6] - Target faced challenges post-pandemic, including changing consumer shopping patterns and excess inventory, which impacted growth and profitability [7] - Recent financial reports indicate a recovery, with total revenue of around $26 billion, up 2.7% year-over-year, and digital sales growing by 8.7% [8] - Target's operating income rose by 36.6% to $1.6 billion, and net earnings increased by 43% to $1.2 billion year-over-year, indicating solid performance for income investors [9]
Medtronic Keeps Capturing High-Growth Markets: Time to Buy MDT Stock?
ZACKS· 2024-09-11 16:25
The past month has been quite encouraging for Medtronic (MDT) investors. Solid first-quarter fiscal 2025 organic growth performance and several strategic initiatives to revamp the bottom line, including the COGS cost-out programs, while maintaining pricing and maximizing efficiencies, seem to have boosted market sentiment.Added to this, growing optimism surrounding the Fed’s approach toward an imminent rate cut in September acts as a strong impetus in driving the stock price. All these have nullified the on ...
Medtronic Stock: Growth On Rise of the Cardiovascular Machines
MarketBeat· 2024-09-09 12:42
Medtronic plc NYSE: MDT is a leading global medical device maker in the medical sector. Its innovative and critical medical device portfolio addresses chronic diseases an aging population suffers. This assures longevity and a wide moat, which explains how the company has been a dividend aristocrat, having consistently raised its dividend for 47 years.Shares have recently hit 52-week highs but remain a value trading at just 16.46X forward earnings, well below competitors Boston Scientific Co. NYSE: BSX tradi ...
Billionaire Ray Dalio's Former Hedge Fund Is Buying These 3 Top Dividend Stocks. Should You?
The Motley Fool· 2024-09-05 10:00
Core Insights - Bridgewater Associates, led by Ray Dalio, has recently invested in three major dividend stocks: ExxonMobil, Medtronic, and Microsoft, indicating a strategic focus on quality dividend-paying companies [1] ExxonMobil - ExxonMobil offers a dividend yield of 3.29% with a conservative payout ratio of 44.9% and has grown its dividend at an annual rate of 2.66% over the past decade [2] - The stock has a 10-year return of 16.5% excluding dividends, which increases to 80.1% when including reinvested dividends, although this still lags behind the S&P 500's total return of 231% [2] - The company is focusing on shareholder concerns by reducing spending, appointing new board members, and setting emission reduction targets, which could enhance cash margins [3] - Risks include potential stranded assets from long-term hydrocarbon projects and lower investment in low-carbon initiatives compared to peers [3] Medtronic - Medtronic has a dividend yield of 3.15% with a high payout ratio of 93.2% and has increased its dividend at a rate of 6.3% annually over the past decade [4] - The stock's 10-year return is 38.3% excluding dividends and 75.7% including reinvested dividends, both trailing the S&P 500 [4] - The company has strong market positions in heart devices, spinal products, and insulin pumps, with a robust pipeline for new treatments [5] - Challenges include increasing competition in the insulin pump market and potential impacts from Medicare reimbursement rates [6] Microsoft - Microsoft offers a lower dividend yield of 0.73% with a payout ratio of 24.8% and has grown its dividend at an impressive rate of 7.6% annually over the past decade [7] - The stock has delivered a remarkable 10-year return of 810% excluding dividends and 965% including reinvested dividends, significantly outperforming the S&P 500 [7] - Growth drivers include a strong position in the public cloud market with Azure and the success of Microsoft 365, which enhances customer willingness to pay for additional features [8] - Risks involve slowing momentum in subscription shifts, a lack of mobile presence, and not being the top player in key growth areas like Azure [8] Investment Consideration - The three stocks—ExxonMobil, Medtronic, and Microsoft—each present unique attributes for income-focused investors, with a commitment to regular dividend payments and strong market positions [9][10]