MedtronicMDT
About: One of the largest medical-device companies, Medtronic develops and manufactures therapeutic medical devices for chronic diseases. Its portfolio includes pacemakers, defibrillators, heart valves, stents, insulin pumps, spinal fixation devices, neurovascular products, advanced energy, and surgical tools. The company markets its products to healthcare institutions and physicians in the United States and overseas. Foreign sales account for roughly 50% of the company's total sales.
Employees: 95,000
Fund manager confidence
Based on 2024 Q4 regulatory filings by fund managers ($100M+ AUM)
42% more first-time investments, than exits
New positions opened: 203 | Existing positions closed: 143
1.04% more ownership
Funds ownership: 81.43% [Q3] → 82.47% (+1.04%) [Q4]
7% less call options, than puts
Call options by funds: $586M | Put options by funds: $632M
2% less funds holding
Funds holding: 2,034 [Q3] → 1,997 (-37) [Q4]
6% less funds holding in top 10
Funds holding in top 10: 31 [Q3] → 29 (-2) [Q4]
12% less capital invested
Capital invested by funds: $96B [Q3] → $84.6B (-$11.4B) [Q4]
13% less repeat investments, than reductions
Existing positions increased: 741 | Existing positions reduced: 856
Research analyst outlook
5 Wall Street Analysts provided 1 year price targets over the past 3 months
5 analyst ratings
RBC Capital Shagun Singh 63% 1-year accuracy 44 / 70 met price target | 17%upside $105 | Outperform Reiterated | 19 Feb 2025 |
UBS Danielle Antalffy 69% 1-year accuracy 9 / 13 met price target | 6%upside $95 | Neutral Maintained | 19 Feb 2025 |
Baird David Rescott 89% 1-year accuracy 16 / 18 met price target | 1%upside $91 | Neutral Maintained | 19 Feb 2025 |
Truist Securities Richard Newitter 77% 1-year accuracy 33 / 43 met price target | 1%downside $89 | Hold Maintained | 18 Dec 2024 |
Barclays Matt Miksic 72% 1-year accuracy 28 / 39 met price target | 21%upside $109 | Overweight Maintained | 26 Nov 2024 |
Financial journalist opinion
Based on 33 articles about MDT published over the past 30 days
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