James Hollingshead Sells 7,019 Shares of ResMed Inc. (RMD) Stock

ResMed Inc. (NYSE:RMD) insider James Hollingshead sold 7,019 shares of the stock in a transaction dated Monday, November 20th. The stock was sold at an average price of $84.16, for a total transaction of $590,719.04. Following the transaction, the insider now directly owns 66,409 shares of the company’s stock, valued at $5,588,981.44. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this link.

Shares of ResMed Inc. (NYSE:RMD) traded down $0.63 during midday trading on Wednesday, reaching $85.03. 176,966 shares of the company were exchanged, compared to its average volume of 864,517. ResMed Inc. has a 1 year low of $57.45 and a 1 year high of $87.81. The firm has a market capitalization of $12,020.68, a price-to-earnings ratio of 29.52, a P/E/G ratio of 1.88 and a beta of 0.79. The company has a debt-to-equity ratio of 0.50, a quick ratio of 3.86 and a current ratio of 4.72.

ResMed (NYSE:RMD) last announced its quarterly earnings results on Thursday, October 26th. The medical equipment provider reported $0.66 earnings per share for the quarter, meeting the Zacks’ consensus estimate of $0.66. ResMed had a net margin of 16.58% and a return on equity of 21.53%. The company had revenue of $523.66 million for the quarter, compared to analyst estimates of $506.08 million. During the same quarter last year, the business earned $0.62 EPS. ResMed’s revenue for the quarter was up 12.5% on a year-over-year basis. analysts anticipate that ResMed Inc. will post 3 EPS for the current fiscal year.

The firm also recently announced a quarterly dividend, which will be paid on Thursday, December 14th. Stockholders of record on Thursday, November 9th will be paid a $0.35 dividend. This represents a $1.40 dividend on an annualized basis and a dividend yield of 1.65%. The ex-dividend date of this dividend is Wednesday, November 8th. ResMed’s dividend payout ratio is presently 56.68%.

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RMD has been the subject of a number of research analyst reports. Northland Securities reaffirmed a “sell” rating and issued a $55.00 target price on shares of ResMed in a report on Friday, October 27th. Zacks Investment Research raised shares of ResMed from a “sell” rating to a “hold” rating in a report on Monday, October 30th. Bank of America Corporation cut shares of ResMed from a “buy” rating to a “neutral” rating in a report on Wednesday, August 2nd. Credit Suisse Group cut shares of ResMed from an “outperform” rating to a “neutral” rating in a research note on Tuesday, August 8th. Finally, Barclays PLC raised their price objective on shares of ResMed from $65.00 to $68.00 and gave the stock an “underweight” rating in a research note on Monday, September 25th. Four analysts have rated the stock with a sell rating, five have assigned a hold rating and four have assigned a buy rating to the company. The stock has a consensus rating of “Hold” and a consensus target price of $67.57.

A number of institutional investors have recently added to or reduced their stakes in RMD. FMR LLC increased its stake in ResMed by 38.2% during the 2nd quarter. FMR LLC now owns 5,542,582 shares of the medical equipment provider’s stock worth $431,601,000 after buying an additional 1,531,772 shares during the period. Koch Industries Inc. increased its stake in ResMed by 17,065.2% during the 2nd quarter. Koch Industries Inc. now owns 985,796 shares of the medical equipment provider’s stock worth $973,000 after buying an additional 980,053 shares during the period. BlackRock Inc. increased its stake in ResMed by 6.8% during the 2nd quarter. BlackRock Inc. now owns 14,240,077 shares of the medical equipment provider’s stock worth $1,108,877,000 after buying an additional 904,939 shares during the period. Vanguard Group Inc. increased its stake in ResMed by 3.3% during the 2nd quarter. Vanguard Group Inc. now owns 11,914,671 shares of the medical equipment provider’s stock worth $927,797,000 after buying an additional 378,964 shares during the period. Finally, First Trust Advisors LP increased its stake in ResMed by 191.8% during the 2nd quarter. First Trust Advisors LP now owns 350,012 shares of the medical equipment provider’s stock worth $27,255,000 after buying an additional 230,056 shares during the period. 60.38% of the stock is currently owned by hedge funds and other institutional investors.

About ResMed

ResMed Inc is a holding company. The Company is engaged in the development, manufacturing, distribution and marketing of medical devices and cloud-based software applications that diagnose, treat and manage respiratory disorders, including sleep disordered breathing (SDB), chronic obstructive pulmonary disease (COPD), neuromuscular disease and other diseases.

Insider Buying and Selling by Quarter for ResMed (NYSE:RMD)

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