Brett Sandercock Sells 1,250 Shares of ResMed Inc. (RMD) Stock

ResMed Inc. (NYSE:RMD) CFO Brett Sandercock sold 1,250 shares of the business’s stock in a transaction on Wednesday, November 1st. The stock was sold at an average price of $84.50, for a total transaction of $105,625.00. Following the completion of the transaction, the chief financial officer now directly owns 71,772 shares in the company, valued at approximately $6,064,734. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this link.

Brett Sandercock also recently made the following trade(s):

  • On Monday, October 2nd, Brett Sandercock sold 1,250 shares of ResMed stock. The stock was 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 stock was sold at an average price of $77.56, for a total transaction of $96,950.00.

Shares of ResMed Inc. (NYSE:RMD) opened at $83.12 on Friday. The company has a market cap of $11.76 billion, a PE ratio of 28.87, a price-to-earnings-growth ratio of 1.84 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 released its quarterly earnings results on Thursday, October 26th. The medical equipment provider reported $0.66 earnings per share (EPS) 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 the consensus estimate of $506.08 million. During the same quarter in the prior year, the firm earned $0.62 earnings per share. ResMed’s revenue was up 12.5% on a year-over-year basis. analysts predict that ResMed Inc. will post 3.01 earnings per share for the current fiscal year.

The company also recently disclosed a quarterly dividend, which will be paid on Thursday, December 14th. Shareholders of record on Thursday, November 9th will be given a dividend of $0.35 per share. This represents a $1.40 dividend on an annualized basis and a yield of 1.68%. The ex-dividend date is Wednesday, November 8th. ResMed’s dividend payout ratio (DPR) is 56.68%.

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Hedge funds have recently bought and sold shares of the business. YorkBridge Wealth Partners LLC increased its position in ResMed by 4.9% during the second quarter. YorkBridge Wealth Partners LLC now owns 1,476 shares of the medical equipment provider’s stock valued at $115,000 after acquiring an additional 69 shares during the last quarter. Creative Planning increased its position in ResMed by 97.1% during the second quarter. Creative Planning now owns 1,671 shares of the medical equipment provider’s stock valued at $130,000 after acquiring an additional 823 shares during the last quarter. Toronto Dominion Bank increased its position in ResMed by 12.8% during the second quarter. Toronto Dominion Bank now owns 1,740 shares of the medical equipment provider’s stock valued at $135,000 after acquiring an additional 197 shares during the last quarter. Huntington National Bank bought a new position in ResMed during the second quarter valued at $156,000. Finally, BB&T Investment Services Inc. bought a new position in ResMed during the second quarter valued at $214,000. Institutional investors and hedge funds own 59.66% of the company’s stock.

Several research firms have recently commented on RMD. Jefferies Group LLC reissued a “sell” rating and issued a $56.00 target price on shares of ResMed in a report on Thursday, October 12th. Needham & Company LLC reissued a “sell” rating on shares of ResMed in a report on Friday, September 8th. Citigroup Inc raised shares of ResMed from a “neutral” rating to a “buy” rating in a report on Wednesday, August 2nd. BMO Capital Markets boosted their target price on shares of ResMed from $70.00 to $74.00 and gave the stock a “market perform” rating in a report on Friday, October 27th. Finally, Zacks Investment Research raised shares of ResMed from a “hold” rating to a “buy” rating and set a $86.00 target price on the stock in a report on Thursday, October 12th. Four investment analysts have rated the stock with a sell rating, five have issued a hold rating and four have given a buy rating to the company. The stock has an average rating of “Hold” and an average target price of $67.57.

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.

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