ResMed Inc. (RMD) Position Lifted by Schwab Charles Investment Management Inc.

Schwab Charles Investment Management Inc. increased its holdings in ResMed Inc. (NYSE:RMD) by 4.3% during the 4th quarter, according to the company in its most recent disclosure with the SEC. The institutional investor owned 689,671 shares of the medical equipment provider’s stock after acquiring an additional 28,691 shares during the quarter. Schwab Charles Investment Management Inc.’s holdings in ResMed were worth $58,409,000 as of its most recent filing with the SEC.

Other large investors have also added to or reduced their stakes in the company. Raymond James Financial Services Advisors Inc. lifted its stake in shares of ResMed by 2.9% in the second quarter. Raymond James Financial Services Advisors Inc. now owns 47,056 shares of the medical equipment provider’s stock worth $3,665,000 after acquiring an additional 1,306 shares in the last quarter. Pittenger & Anderson Inc. lifted its stake in shares of ResMed by 23.5% in the third quarter. Pittenger & Anderson Inc. now owns 12,765 shares of the medical equipment provider’s stock worth $982,000 after acquiring an additional 2,425 shares in the last quarter. American Capital Management Inc. lifted its stake in shares of ResMed by 0.5% in the third quarter. American Capital Management Inc. now owns 656,842 shares of the medical equipment provider’s stock worth $50,551,000 after acquiring an additional 3,508 shares in the last quarter. IFM Investors Pty Ltd acquired a new position in shares of ResMed in the third quarter worth about $341,000. Finally, Toronto Dominion Bank lifted its stake in shares of ResMed by 2,999.2% in the third quarter. Toronto Dominion Bank now owns 53,926 shares of the medical equipment provider’s stock worth $4,150,000 after acquiring an additional 52,186 shares in the last quarter. Institutional investors and hedge funds own 61.83% of the company’s stock.

Shares of ResMed Inc. (RMD) opened at $96.97 on Monday. ResMed Inc. has a one year low of $67.00 and a one year high of $104.78. The stock has a market capitalization of $13,760.00, a P/E ratio of 48.73, a price-to-earnings-growth ratio of 2.24 and a beta of 0.92.

ResMed (NYSE:RMD) last announced its quarterly earnings data on Monday, January 22nd. The medical equipment provider reported $1.00 earnings per share (EPS) for the quarter, beating the Thomson Reuters’ consensus estimate of $0.78 by $0.22. ResMed had a return on equity of 1.88% and a net margin of 1.58%. The firm had revenue of $601.27 million for the quarter, compared to analysts’ expectations of $583.77 million. During the same quarter in the prior year, the firm posted $0.73 earnings per share. ResMed’s revenue for the quarter was up 13.4% compared to the same quarter last year. research analysts forecast that ResMed Inc. will post 3.34 earnings per share for the current fiscal year.

The company also recently disclosed a quarterly dividend, which will be paid on Thursday, March 15th. Shareholders of record on Thursday, February 8th will be paid a dividend of $0.35 per share. This represents a $1.40 annualized dividend and a yield of 1.44%. The ex-dividend date of this dividend is Wednesday, February 7th. ResMed’s payout ratio is currently 70.35%.

Several research firms recently commented on RMD. Northland Securities reiterated a “sell” rating and issued a $55.00 price target on shares of ResMed in a research note on Friday, October 27th. Jefferies Group restated a “sell” rating and set a $56.00 price objective on shares of ResMed in a research note on Thursday, October 12th. Needham & Company LLC upgraded ResMed from an “underperform” rating to a “hold” rating in a research note on Tuesday, January 23rd. BMO Capital Markets upped their price objective on ResMed to $82.00 and gave the company a “market perform” rating in a research note on Tuesday, December 12th. Finally, Macquarie cut ResMed from a “neutral” rating to a “sell” rating in a research note on Tuesday, January 23rd. Three equities research analysts have rated the stock with a sell rating, six have issued a hold rating and five have assigned a buy rating to the company. ResMed currently has a consensus rating of “Hold” and a consensus target price of $73.57.

In other news, Director Peter C. Farrell sold 118,392 shares of the stock in a transaction that occurred on Thursday, November 9th. The stock was sold at an average price of $82.70, for a total transaction of $9,791,018.40. Following the sale, the director now directly owns 306,615 shares in the company, valued at approximately $25,357,060.50. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, CFO Brett Sandercock sold 1,250 shares of the stock in a transaction that occurred on Friday, December 1st. The stock was sold at an average price of $85.36, for a total value of $106,700.00. Following the sale, the chief financial officer now owns 79,572 shares in the company, valued at $6,792,265.92. The disclosure for this sale can be found here. Insiders have sold a total of 163,384 shares of company stock worth $14,145,661 over the last quarter. Insiders own 1.77% of the company’s stock.

ILLEGAL ACTIVITY NOTICE: This piece of content was originally published by Community Financial News and is owned by of Community Financial News. If you are accessing this piece of content on another website, it was illegally copied and republished in violation of US & international copyright & trademark laws. The original version of this piece of content can be viewed at https://www.com-unik.info/2018/02/05/resmed-inc-rmd-position-lifted-by-schwab-charles-investment-management-inc.html.

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.

Want to see what other hedge funds are holding RMD? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for ResMed Inc. (NYSE:RMD).

Institutional Ownership by Quarter for ResMed (NYSE:RMD)

Receive News & Ratings for ResMed Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for ResMed and related companies with MarketBeat.com's FREE daily email newsletter.

Comments

Leave a Reply


share news on Facebook
tweet this investment news
share on linkedin
share on StockTwits
share on Google Plus
share on reddit