During the third quarter, Asset Management One Co. Ltd. increased its stake in Medtronic PLC by 2.4%, acquiring an additional 13,594 shares to reach a total holding of 589,186 shares valued at $56.11 million. Several other institutional investors also adjusted their positions: Gateway Investment Advisers LLC added 1,405 shares to hold 90,237 shares worth $8.59 million; DMKC Advisory Services LLC added 208 shares to reach 24,230 shares ($2.31 million); Moss Adams Wealth Advisors LLC increased by 147 shares to 4,431 shares ($0.43 million); Saxony Capital Management LLC added 112 shares to 3,046 shares ($0.29 million); and Global Retirement Partners LLC raised its position by 4,900 shares to 33,584 shares ($3.20 million). Collectively, institutions now own 82.06% of Medtronic’s outstanding stock, underscoring continued confidence from large investors in the company’s long-term prospects.

In its most recent quarter, Medtronic reported earnings per share of $1.36, outperforming the consensus estimate of $1.31 by 4%. Revenue reached $8.96 billion, surpassing analysts’ projections of $8.86 billion and marking a 6.6% year-over-year increase. Return on equity stood at 14.86%, with a net margin of 13.71%. Building on these results, management issued full-year fiscal 2026 EPS guidance in the range of $5.62 to $5.66. By comparison, the current consensus forecast for the fiscal year sits at $5.46 per share, suggesting potential upside if Medtronic meets or exceeds its own targets.

Medtronic declared a quarterly dividend of $0.71 per share, payable on January 16, 2026, to shareholders of record as of December 26, 2025. This equates to an annualized payout of $2.84 and a yield of approximately 3.0%, with a payout ratio of 76.55%. On the sell-side, one analyst rates the stock as a Strong Buy, thirteen as Buys and twelve as Holds, resulting in a consensus rating of Moderate Buy. The average target price among analysts is $109.94, reflecting expectations for modest share appreciation alongside the company’s steady dividend income.