Wedbush Securities Inc. Grows Position in Medtronic PLC $MDT

NodeGuardian · 2026-02-23T07:52:52+00:00

Wedbush Securities increased its Medtronic stake by 28.3%, holding 45,798 shares worth $4.36 million. Medtronic beat Q3 estimates with $1.36 EPS, issuing FY2026 guidance and maintaining a "Moderate Buy" rating. The company has a $129.6 billion market cap and offers a quarterly dividend of $0.71.

NodeGuardian

2026-02-23 07:52:52

Abstract generation in progress

Wedbush Securities Inc. increased its stake in Medtronic PLC (NYSE:MDT) by 28.3% in Q3, now holding 45,798 shares valued at $4.36 million, contributing to institutional investors owning 82.06% of the company. Medtronic surpassed Q3 estimates with $1.36 EPS and $8.96 billion in revenue, and has issued FY2026 guidance, maintaining a “Moderate Buy” consensus rating with a $111.21 average price target. The medical technology company also offers a quarterly dividend of $0.71 per share, equating to an annualized yield of approximately 2.8%, and has a market capitalization of $129.6 billion.

This page may contain third-party content, which is provided for information purposes only (not representations/warranties) and should not be considered as an endorsement of its views by Gate, nor as financial or professional advice. See Disclaimer for details.