<div id="readability-page-1"><p>Mizuho Securities USA LLC reduced its position in shares of  Medtronic PLC (NYSE:MDT - Free Report) by 15.5% in the 1st quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor  owned 102,672 shares of the medical technology company's stock after selling 18,877 shares during the period. Mizuho Securities USA LLC's holdings in Medtronic were worth $9,226,000 at the end of the most recent reporting period.</p><ul><li>5 Robotics Stocks to Buy for the Future of Automation</li></ul><p>Several other institutional investors have also added to or reduced their stakes in the company. Brighton Jones LLC increased its holdings in shares of  Medtronic by 1,368.0% during the fourth quarter. Brighton Jones LLC now owns 39,989 shares of the medical technology company's stock worth $3,194,000 after buying an additional 37,265 shares in the last quarter.  FMR LLC increased its holdings in shares of  Medtronic by 14.4% during the fourth quarter. FMR LLC now owns 2,104,985 shares of the medical technology company's stock worth $168,146,000 after buying an additional 265,416 shares in the last quarter.  FIL Ltd increased its holdings in shares of  Medtronic by 16.0% during the fourth quarter. FIL Ltd now owns 5,414 shares of the medical technology company's stock worth $432,000 after buying an additional 748 shares in the last quarter.  CenterBook Partners LP increased its holdings in shares of  Medtronic by 86.4% during the fourth quarter. CenterBook Partners LP now owns 16,344 shares of the medical technology company's stock worth $1,306,000 after buying an additional 7,577 shares in the last quarter.  Finally, Phoenix Financial Ltd. increased its holdings in shares of  Medtronic by 5.8% during the fourth quarter. Phoenix Financial Ltd. now owns 5,014 shares of the medical technology company's stock worth $403,000 after buying an additional 277 shares in the last quarter. 82.06% of the stock is currently owned by institutional investors and hedge funds. </p><h2>Analyst Ratings Changes</h2><p>Several research analysts have recently issued reports on the stock. Royal Bank Of Canada lowered their price target on shares of Medtronic from $105.00 to $101.00 and set an &#34;outperform&#34; rating for the company in a report on Thursday, May 22nd. Wall Street Zen downgraded Medtronic from a &#34;buy&#34; rating to a &#34;hold&#34; rating in a report on Saturday. Mizuho increased their price objective on Medtronic from $98.00 to $100.00 and gave the company an &#34;outperform&#34; rating in a report on Wednesday, July 16th. Truist Financial decreased their price objective on Medtronic from $93.00 to $90.00 and set a &#34;hold&#34; rating for the company in a report on Friday, April 11th. Finally, Wolfe Research upgraded Medtronic from an &#34;underperform&#34; rating to a &#34;peer perform&#34; rating in a report on Monday, June 30th. Twelve analysts have rated the stock with a hold rating, nine have given a buy rating and two have issued  a strong buy rating to the company. According to MarketBeat, the stock presently has an average rating of &#34;Moderate Buy&#34; and a consensus price target of $98.19.</p><ul><li>3 Safe Buy-and-Hold Dividend Stocks With Strong Balance Sheets</li></ul><p><b>Read Our Latest Stock Report on Medtronic</b></p><h2>Medtronic Stock Performance</h2><p>Shares of MDT opened at $92.94 on Friday. The company has a current ratio of 1.85, a quick ratio of 1.42 and a debt-to-equity ratio of 0.53. The stock has a market capitalization of $119.13 billion, a P/E ratio of 25.67, a price-to-earnings-growth ratio of 2.37 and a beta of 0.80. The firm's fifty day simple moving average is $88.65 and its two-hundred day simple moving average is $87.93. Medtronic PLC has a 12 month low of $79.29 and a 12 month high of $96.25. </p><ul><li>Intuitive Surgical: Profit or Peril Ahead Amid Trade &amp; Turf Wars?</li></ul><p>Medtronic (NYSE:MDT - Get Free Report) last issued its quarterly earnings results on Wednesday, May 21st. The medical technology company reported $1.62 EPS for the quarter, beating analysts' consensus estimates of $1.58 by $0.04. The business had revenue of $8.93 billion for the quarter, compared to analysts' expectations of $8.81 billion. Medtronic had a net margin of 13.90% and a return on equity of 14.54%. The business's quarterly revenue was up 3.9% compared to the same quarter last year. During the same quarter in the prior year, the firm posted $1.46 earnings per share.  As a group, analysts predict that  Medtronic PLC will post 5.46 EPS for the current year. </p><h2>Medtronic Increases Dividend</h2><p>The business also recently disclosed a quarterly dividend, which was paid on Friday, July 11th. Stockholders of record on Friday, June 27th were given a dividend of $0.71 per share. This is a boost from Medtronic's previous quarterly dividend of $0.70. The ex-dividend date of this dividend was Friday, June 27th. This represents a $2.84 dividend on an annualized basis and a dividend yield of 3.1%. Medtronic's payout ratio is currently 78.45%. </p><h2>Medtronic Profile</h2> (Free Report)<p>Medtronic plc develops, manufactures, and sells device-based medical therapies to healthcare systems, physicians, clinicians, and patients worldwide. Its Cardiovascular Portfolio segment offers implantable cardiac pacemakers, cardioverter defibrillators, and cardiac resynchronization therapy devices; cardiac ablation products; insertable cardiac monitor systems; TYRX products; and remote monitoring and patient-centered software.</p><h2>Featured Articles</h2><ul><li>Five stocks we like better than Medtronic</li><li>3 Best Fintech Stocks for a Portfolio Boost</li><li>MarketBeat Week in Review – 08/04 - 08/08</li><li>Manufacturing Stocks Investing</li><li>Airbnb Beats Earnings, But the Growth Story Is Losing Altitude</li><li>How to trade using analyst ratings</li><li>Netflix Bulls vs. Bears: Who Wins This Pullback?</li></ul><p><img src="https://imageproxy.pbkrs.com/https://www.marketbeat.com/scripts/SECFilingChart.ashx/query-UHJlZml4PU5ZU0UmU3ltYm9sPU1EVA?x-oss-process=image/auto-orient,1/interlace,1/resize,w_1440,h_1440/quality,q_95/format,jpg" width="650" height="350" original-src="https://imageproxy.pbkrs.com/https://www.marketbeat.com/scripts/SECFilingChart.ashx/query-UHJlZml4PU5ZU0UmU3ltYm9sPU1EVA"/></p><p><em>This instant news alert was generated by narrative science technology and financial data from MarketBeat in order to provide readers with the fastest and most accurate reporting. This story was reviewed by MarketBeat's editorial team prior to publication. Please send any questions or comments about this story to contact@marketbeat.com.</em></p><h2>Should You Invest $1,000 in Medtronic Right Now?</h2><p>Before you consider Medtronic, you'll want to hear this.</p><p>MarketBeat keeps track of Wall Street's top-rated and best performing research analysts and the stocks they recommend to their clients on a daily basis. MarketBeat has identified the five stocks that top analysts are quietly whispering to their clients to buy now before the broader market catches on... and Medtronic wasn't on the list.</p><p>While Medtronic currently has a Moderate Buy rating among analysts, top-rated analysts believe these five stocks are better buys.</p><p>View The Five Stocks Here</p>                  </div>

<p>Mizuho Securities USA LLC reduced its stake in Medtronic PLC (NYSE:MDT) by 15.5% in Q1, holding 102,672 shares valued at $9.23 million. Other institutional investors, including Brighton Jones LLC and FMR LLC, increased their positions. Analyst ratings for Medtronic vary, with a consensus rating of "Moderate Buy" and a price target of $98.19. Medtronic's stock opened at $92.94, with a market cap of $119.13 billion and a recent EPS of $1.62, exceeding estimates. The company also announced a quarterly dividend paid on July 11.</p>

Mizuho Securities USA LLC Has $9.23 Million Stock Position in Medtronic PLC (NYSE:MDT)