Todd Asset Management LLC Grows Stake in Medtronic PLC $MDT

Todd Asset Management LLC significantly increased its stake in Medtronic PLC (NYSE: MDT) by 69.6% in the third quarter, bringing its total holdings to 691,597 shares valued at approximately $65.9 million. Medtronic recently received FDA clearance for its Stealth AXiS spine platform and has seen analyst upgrades, resulting in a “Moderate Buy” consensus rating and a $111.21 price target. The company reported strong quarterly earnings, beating estimates with $1.36 EPS and $8.96 billion in revenue, and offers a dividend yield of around 2.9%.

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