Insider Selling: ResMed Inc. (RMD) Insider Sells 6,365 Shares of Stock

ResMed Inc. (NYSE:RMD) insider David Pendarvis sold 6,365 shares of the business’s stock in a transaction that occurred on Wednesday, May 3rd. The stock was sold at an average price of $69.55, for a total value of $442,685.75. Following the completion of the sale, the insider now owns 84,261 shares of the company’s stock, valued at $5,860,352.55. The transaction was disclosed in a legal filing with the SEC, which is accessible through this hyperlink.

David Pendarvis also recently made the following trade(s):

  • On Monday, April 3rd, David Pendarvis sold 6,365 shares of ResMed stock. The stock was sold at an average price of $71.59, for a total value of $455,670.35.

Shares of ResMed Inc. (NYSE:RMD) traded up 1.33% during mid-day trading on Friday, hitting $68.40. The stock had a trading volume of 324,386 shares. The firm has a market cap of $9.70 billion, a PE ratio of 30.00 and a beta of 0.82. The stock has a 50 day moving average price of $69.27 and a 200 day moving average price of $66.40. ResMed Inc. has a 52 week low of $56.59 and a 52 week high of $73.46.

ResMed (NYSE:RMD) last announced its quarterly earnings data on Thursday, April 27th. The medical equipment provider reported $0.71 earnings per share (EPS) for the quarter, beating the Zacks’ consensus estimate of $0.70 by $0.01. ResMed had a return on equity of 22.82% and a net margin of 16.48%. The firm had revenue of $514.20 million for the quarter, compared to analysts’ expectations of $525.84 million. During the same period last year, the firm earned $0.68 earnings per share. The company’s revenue for the quarter was up 13.3% compared to the same quarter last year. Equities research analysts expect that ResMed Inc. will post $2.80 EPS for the current fiscal year.

Insider Buying and Selling by Quarter for ResMed (NYSE:RMD)

The business also recently disclosed a quarterly dividend, which will be paid on Thursday, June 15th. Stockholders of record on Thursday, May 11th will be paid a dividend of $0.33 per share. The ex-dividend date of this dividend is Tuesday, May 9th. This represents a $1.32 dividend on an annualized basis and a dividend yield of 1.93%. ResMed’s dividend payout ratio (DPR) is currently 57.39%.

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A number of research firms have recently issued reports on RMD. Zacks Investment Research cut ResMed from a “hold” rating to a “sell” rating in a research report on Thursday, April 6th. JPMorgan Chase & Co. cut ResMed from an “overweight” rating to a “neutral” rating and lowered their price objective for the company from $72.00 to $71.00 in a research report on Thursday, April 20th. William Blair restated an “outperform” rating on shares of ResMed in a research report on Thursday, April 13th. Canaccord Genuity restated a “hold” rating and set a $59.00 price objective on shares of ResMed in a research report on Monday, February 6th. Finally, BMO Capital Markets reiterated a “hold” rating and issued a $61.00 price target on shares of ResMed in a research report on Tuesday, January 24th. Four analysts have rated the stock with a sell rating, five have issued a hold rating and two have issued a buy rating to the company’s stock. The stock currently has an average rating of “Hold” and a consensus price target of $63.75.

Several hedge funds and other institutional investors have recently made changes to their positions in the stock. Commerzbank Aktiengesellschaft FI boosted its position in shares of ResMed by 0.3% in the first quarter. Commerzbank Aktiengesellschaft FI now owns 5,238 shares of the medical equipment provider’s stock worth $377,000 after buying an additional 14 shares during the period. Morgan Dempsey Capital Management LLC boosted its stake in ResMed by 2.3% in the first quarter. Morgan Dempsey Capital Management LLC now owns 2,189 shares of the medical equipment provider’s stock valued at $158,000 after buying an additional 50 shares during the last quarter. Commonwealth of Pennsylvania Public School Empls Retrmt SYS boosted its stake in ResMed by 0.3% in the fourth quarter. Commonwealth of Pennsylvania Public School Empls Retrmt SYS now owns 20,870 shares of the medical equipment provider’s stock valued at $1,295,000 after buying an additional 59 shares during the last quarter. Intrust Bank NA boosted its stake in ResMed by 1.0% in the first quarter. Intrust Bank NA now owns 7,101 shares of the medical equipment provider’s stock valued at $511,000 after buying an additional 73 shares during the last quarter. Finally, Pacer Advisors Inc. boosted its stake in ResMed by 3.0% in the first quarter. Pacer Advisors Inc. now owns 2,699 shares of the medical equipment provider’s stock valued at $194,000 after buying an additional 79 shares during the last quarter. 62.51% of the stock is currently owned by hedge funds and other institutional investors.

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.

12 Month Chart for NYSE:RMD

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