ResMed Inc. (RMD) CFO Sells $105,625.00 in Stock
ResMed Inc. (NYSE:RMD) CFO Brett Sandercock sold 1,250 shares of ResMed stock in a transaction on Wednesday, November 1st. The shares were sold at an average price of $84.50, for a total transaction of $105,625.00. Following the completion of the sale, the chief financial officer now directly owns 71,772 shares of the company’s stock, valued at approximately $6,064,734. The transaction was disclosed in a legal filing with the SEC, which is available at this hyperlink.
Brett Sandercock also recently made the following trade(s):
- On Monday, October 2nd, Brett Sandercock sold 1,250 shares of ResMed stock. The shares were sold at an average price of $77.05, for a total transaction of $96,312.50.
- On Friday, September 1st, Brett Sandercock sold 1,250 shares of ResMed stock. The shares were sold at an average price of $77.56, for a total transaction of $96,950.00.
ResMed (NYSE:RMD) last announced its quarterly earnings data on Thursday, October 26th. The medical equipment provider reported $0.66 EPS for the quarter, meeting analysts’ consensus estimates 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 during the quarter, compared to the consensus estimate of $506.08 million. During the same quarter last year, the firm posted $0.62 EPS. The company’s quarterly revenue was up 12.5% on a year-over-year basis.
The company also recently disclosed a quarterly dividend, which will be paid on Thursday, December 14th. Stockholders of record on Thursday, November 9th will be given a $0.35 dividend. This represents a $1.40 dividend on an annualized basis and a dividend yield of 1.66%. The ex-dividend date of this dividend is Wednesday, November 8th. ResMed’s dividend payout ratio (DPR) is presently 56.68%.
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Several research firms recently issued reports on RMD. Jefferies Group LLC reaffirmed a “sell” rating and issued a $56.00 price objective on shares of ResMed in a research note on Thursday, October 12th. Zacks Investment Research raised shares of ResMed from a “hold” rating to a “buy” rating and set a $87.00 price objective for the company in a research note on Thursday, July 6th. Needham & Company LLC reaffirmed a “sell” rating on shares of ResMed in a research note on Friday, September 8th. Citigroup Inc. raised shares of ResMed from a “neutral” rating to a “buy” rating in a research note on Wednesday, August 2nd. Finally, BMO Capital Markets lifted their price objective on shares of ResMed from $70.00 to $74.00 and gave the company a “market perform” rating in a research note on Friday, October 27th. Four research analysts have rated the stock with a sell rating, five have given a hold rating and four have given a buy rating to the stock. ResMed presently has a consensus rating of “Hold” and an average target price of $67.57.
Several institutional investors and hedge funds have recently made changes to their positions in RMD. MARSHALL WACE ASIA Ltd acquired a new stake in shares of ResMed during the 1st quarter worth about $269,000. Marshall Wace North America L.P. acquired a new stake in shares of ResMed during the 1st quarter worth about $269,000. Dimensional Fund Advisors LP lifted its stake in shares of ResMed by 3.5% during the 1st quarter. Dimensional Fund Advisors LP now owns 376,787 shares of the medical equipment provider’s stock worth $27,116,000 after buying an additional 12,601 shares during the last quarter. Paloma Partners Management Co acquired a new stake in shares of ResMed during the 1st quarter worth about $523,000. Finally, Public Employees Retirement System of Ohio lifted its stake in shares of ResMed by 2.8% during the 1st quarter. Public Employees Retirement System of Ohio now owns 62,672 shares of the medical equipment provider’s stock worth $4,511,000 after buying an additional 1,703 shares during the last quarter. 59.66% of the stock is owned by institutional investors.
ResMed Company Profile
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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