ResMed Inc. (NYSE:RMD) Director John P. Wareham sold 25,934 shares of the company’s stock in a transaction on Friday, January 26th. The stock was sold at an average price of $102.25, for a total value of $2,651,751.50. Following the sale, the director now owns 38,934 shares of the company’s stock, valued at $3,981,001.50. The transaction was disclosed in a filing with the SEC, which can be accessed through this hyperlink.
Shares of ResMed Inc. (RMD) opened at $91.73 on Tuesday. The stock has a market cap of $13,013.51, a P/E ratio of 45.87 and a beta of 0.92. ResMed Inc. has a 12-month low of $67.04 and a 12-month high of $104.78.
ResMed (NYSE:RMD) last released its quarterly earnings results on Monday, January 22nd. The medical equipment provider reported $1.00 earnings per share for the quarter, beating analysts’ consensus estimates of $0.78 by $0.22. ResMed had a net margin of 12.98% and a return on equity of 22.75%. The business had revenue of $601.27 million for the quarter, compared to the consensus estimate of $583.77 million. During the same quarter last year, the firm earned $0.73 EPS. ResMed’s revenue for the quarter was up 13.4% on a year-over-year basis. sell-side analysts expect that ResMed Inc. will post 3.34 earnings per share for the current year.
The company also recently announced a quarterly dividend, which will be paid on Thursday, March 15th. Investors of record on Thursday, February 8th will be paid a $0.35 dividend. The ex-dividend date of this dividend is Wednesday, February 7th. This represents a $1.40 dividend on an annualized basis and a yield of 1.53%. ResMed’s payout ratio is presently 70.00%.
Several equities research analysts recently weighed in on RMD shares. Zacks Investment Research lowered shares of ResMed from a “buy” rating to a “hold” rating in a research note on Thursday, January 11th. Northland Securities reiterated a “sell” rating and issued a $55.00 price objective on shares of ResMed in a report on Friday, October 27th. BMO Capital Markets increased their price objective on shares of ResMed to $90.00 and gave the company a “market perform” rating in a report on Tuesday, January 23rd. Macquarie cut shares of ResMed from a “neutral” rating to a “sell” rating in a report on Tuesday, January 23rd. Finally, Needham & Company LLC restated a “sell” rating on shares of ResMed in a report on Friday, October 27th. Three equities research analysts have rated the stock with a sell rating, six have assigned a hold rating and four have assigned a buy rating to the stock. The company currently has an average rating of “Hold” and an average target price of $76.00.
A number of large investors have recently bought and sold shares of the stock. YorkBridge Wealth Partners LLC grew its stake in ResMed by 4.9% in the 2nd quarter. YorkBridge Wealth Partners LLC now owns 1,476 shares of the medical equipment provider’s stock valued at $115,000 after buying an additional 69 shares during the last quarter. Toronto Dominion Bank grew its position in ResMed by 12.8% in the 2nd quarter. Toronto Dominion Bank now owns 1,740 shares of the medical equipment provider’s stock worth $135,000 after purchasing an additional 197 shares during the last quarter. Pillar Pacific Capital Management LLC grew its position in ResMed by 1.2% in the 4th quarter. Pillar Pacific Capital Management LLC now owns 43,755 shares of the medical equipment provider’s stock worth $3,706,000 after purchasing an additional 540 shares during the last quarter. Mutual of America Capital Management LLC grew its position in ResMed by 3.6% in the 4th quarter. Mutual of America Capital Management LLC now owns 16,890 shares of the medical equipment provider’s stock worth $1,430,000 after purchasing an additional 591 shares during the last quarter. Finally, WINTON GROUP Ltd grew its position in ResMed by 8.6% in the 3rd quarter. WINTON GROUP Ltd now owns 8,076 shares of the medical equipment provider’s stock worth $622,000 after purchasing an additional 640 shares during the last quarter. Institutional investors and hedge funds own 61.47% of the company’s stock.
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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.
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