Is Medtronic Plc (NYSE: MDT) No Longer A Good Investment?

After Hours

After-hours and pre-market trading may carry slightly higher risks than regular market hours. As issuers often announce important financial information outside regular trading hours, extended-hours trading may result in wider spreads for a particular security. That is because extended-hours trading may result in lower liquidity and higher volatility. Most recently, Yahoo Finance reported about the stock as it publicized that Orchestra BioMed Reports Full Year 2023 Financial Results and Provides Fourth Quarter Business Update.

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Stocks Info

MDT belongs to the Healthcare sector of the NYSE while operating in the Medical Devices industry. The current market capitalization of Medtronic Plc is $113.13B. A total of 6.01 million shares were traded on the day, compared to an average of 6.30M shares.

In the most recent transaction, Salmon Sean sold 30,695 shares of MDT for 85.13 per share on Feb 21 ’24. After the transaction, the EVP & President Cardiovascular now owns 48,289 company shares. In a previous transaction on Dec 19 ’23, Wall Brett A. sold 4,997 shares at 82.17 per share. MDT shares that EVP & Pres Neuroscience owns now total 28,910.

Among the insiders who sold shares, Smith Gregory L disposed of 10,000 shares on Aug 23 ’23 at a per-share price of $83.84. This resulted in the EVP Global Ops & Supply Chain holding 46,723 shares of MDT after the transaction. In another insider transaction, Wall Brett A. sold 1,000 shares at $83.38 per share on Aug 14 ’23. Company shares held by the EVP & Pres Neuroscience now total 33,573.


Paying dividends generates immediate cash flow for investors and indicates a positive outlook for the company. Medtronic Plc pays an annual dividend of $2.76, resulting in a dividend yield of 3.24%, and it has a price to earnings (P/E) ratio of 27.02. MDT’s most recent ex-dividend date was 3/21/2024 when it declared a $0.69 quarterly dividend that was paid in cash on 4/12/2024. Previously, the company paid the dividend on 1/12/2024 with an ex-dividend date of 12/19/2023. The MDT stock dividend was $0.69 per share in cash.

While price targets are rarely accurate, they tend to exert some kind of influence from time to time and are often taken into account by investors. In terms of 52-week highs and lows, MDT has a high of $92.02 and a low of $68.84.

As of this writing, MDT has an earnings estimate of $1.45 per share for the current quarter. EPS was calculated based on a consensus of 27 estimates, with a high estimate of $1.46 per share and a lower estimate of $1.44. The company reported an EPS of $1.25 in the last quarter, which was 5.90% higher than expectations of $1.18.

Balance Sheet Annually/Quarterly

An organization’s balance sheet depicts the assets and liabilities it has, as well as the amount of equity invested. Investors can measure a company’s prospects by calculating its financial ratios using this information. MDT’s latest balance sheet shows that the firm has $10.57B in Cash & Short Term Investments as of fiscal 2022. There were $24.11B in debt and $12.39B in liabilities at the time. Its Book Value Per Share was $38.95, while its Total Shareholder’s Equity was $52.72B.

Analysts Opinion

There is a slight risk associated with trading before and after the market open. Due to lower liquidity and higher volatility, extended-hours trading may result in wider spreads on particular security due to the release of critical financial information after regular trading hours. Currently, 0 analysts are providing their opinions on the stock. On a scale of 1 to 5, with 1 being Sell and 5 being Buy, the average analyst rating for MDT is Buy with a score of 3.76.

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