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

ResMed Inc. (NYSE:RMD) CFO Brett Sandercock sold 1,250 shares of the stock in a transaction that occurred on Friday, December 1st. The shares were sold at an average price of $85.36, for a total transaction of $106,700.00. Following the completion of the sale, the chief financial officer now directly owns 79,572 shares of the company’s stock, valued at approximately $6,792,265.92. The transaction was disclosed in a filing with the SEC, which is available through the SEC website.

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

  • On Wednesday, November 1st, Brett Sandercock sold 1,250 shares of ResMed stock. The stock was sold at an average price of $84.50, for a total transaction of $105,625.00.
  • 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.

ResMed Inc. (RMD) opened at $83.57 on Tuesday. The company has a quick ratio of 3.86, a current ratio of 4.72 and a debt-to-equity ratio of 0.50. ResMed Inc. has a fifty-two week low of $58.71 and a fifty-two week high of $87.81. The company has a market cap of $11,955.40, a P/E ratio of 29.35, a PEG ratio of 1.87 and a beta of 0.78.

ResMed (NYSE:RMD) last released its earnings results on Thursday, October 26th. The medical equipment provider reported $0.66 earnings per share (EPS) for the quarter, hitting the Zacks’ consensus estimate of $0.66. The company had revenue of $523.66 million for the quarter, compared to analyst estimates of $506.08 million. ResMed had a net margin of 16.58% and a return on equity of 21.53%. The firm’s quarterly revenue was up 12.5% on a year-over-year basis. During the same period in the prior year, the business earned $0.62 EPS. research analysts anticipate that ResMed Inc. will post 3 earnings per share for the current year.

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

RMD has been the topic of several recent analyst reports. Zacks Investment Research upgraded shares of ResMed from a “hold” rating to a “buy” rating and set a $86.00 price objective on the stock in a report on Thursday, October 12th. BMO Capital Markets upped their price objective 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. Credit Suisse Group lowered shares of ResMed from an “outperform” rating to a “neutral” rating in a report on Tuesday, August 8th. J P Morgan Chase & Co upped their price objective on shares of ResMed from $72.00 to $73.00 and gave the stock an “overweight” rating in a report on Monday, October 30th. Finally, Northland Securities restated a “sell” rating and issued a $55.00 price objective on shares of ResMed in a report on Friday, October 27th. Four investment analysts have rated the stock with a sell rating, five have assigned a hold rating and four have issued a buy rating to the company. The company has an average rating of “Hold” and a consensus target price of $67.57.

A number of institutional investors have recently added to or reduced their stakes in the business. Visionary Asset Management Inc. acquired a new stake in ResMed during the 3rd quarter worth approximately $214,000. Crestwood Advisors Group LLC lifted its holdings in ResMed by 1.1% during the 3rd quarter. Crestwood Advisors Group LLC now owns 212,264 shares of the medical equipment provider’s stock worth $16,336,000 after buying an additional 2,375 shares in the last quarter. Wealthsource Partners LLC lifted its holdings in ResMed by 17.8% during the 3rd quarter. Wealthsource Partners LLC now owns 7,150 shares of the medical equipment provider’s stock worth $550,000 after buying an additional 1,080 shares in the last quarter. Coastline Trust Co lifted its holdings in ResMed by 39.4% during the 3rd quarter. Coastline Trust Co now owns 14,615 shares of the medical equipment provider’s stock worth $1,125,000 after buying an additional 4,130 shares in the last quarter. Finally, IFM Investors Pty Ltd acquired a new stake in ResMed during the 3rd quarter worth approximately $341,000. Institutional investors own 62.02% of the company’s stock.

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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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