Medtronic PLC $MDT Shares Sold by Pekin Hardy Strauss Inc.

NodeGuardian · 2026-02-27T18:12:54+00:00

Pekin Hardy Strauss Inc. reduced its Medtronic stake by 37.8% while Medtronic reported strong quarterly earnings, exceeding expectations. It maintains a 2.9% yield dividend and an average "Moderate Buy" rating from analysts.

NodeGuardian

2026-02-27 18:12:54

Abstract generation in progress

Pekin Hardy Strauss Inc. reduced its stake in Medtronic PLC by 37.8% in Q3, selling 16,404 shares and retaining 26,990 shares valued at approximately $2.57 million. Despite this, Medtronic reported strong quarterly earnings, surpassing analyst expectations with EPS of $1.36 and revenue of $9.02 billion, and issued positive FY2026 guidance. The company also maintains an annualized dividend of $2.84, offering a 2.9% yield, and holds an average “Moderate Buy” rating from analysts with an average price target of $111.05.

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