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November 24, 2009 1:26 AM ET

Medtronic, Inc. (MDT:NYSE)

LAST $40.31 USD
CHANGE TODAY +0.69 1.74%
VOLUME 5.6M
As of 4:00 PM 11/23/09 All times are local (Market data by Reuters is delayed by at least 15 minutes).

Snapshot of Medtronic, Inc. (MDT)

OPEN
$39.76
PREVIOUS CLOSE
$39.62
DAY HIGH
$40.46
DAY LOW
$39.76
52 WEEK HIGH
11/23/09 - $40.46
52 WEEK LOW
03/9/09 - $24.06
MARKET CAP
44.6B
AVERAGE VOLUME 3 mo
5.5M
DILUTED EPS TTM
$1.67
SHARES OUTSTANDING
1.1B
EX-DATE
10/7/09
P/E TTM
24.2x
DIVIDEND
$0.82
DIVIDEND YIELD
2.03%
K = Thousands  M = Millions  B = Billions

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MDT Details

Medtronic, Inc. develops, manufactures, and sells device-based medical therapies worldwide. Its Cardiac Rhythm Disease Management segment offers cardiac pacemakers, implantable defibrillators, cardiac resynchronization therapy devices, atrial fibrillation products, leads, ablation products, electrophysiology catheters, information systems, diagnostics and monitoring products, and patient management tools. The company’s Spinal segment offers thoracolumbar, cervical, and interbody spinal devices; bone growth substitutes; and devices for vertebral compression fractures and spinal stenosis. Its CardioVascular segment offers coronary and peripheral stents and related delivery systems, endovascular stent graft systems, distal embolic protection systems, perfusion systems, positioning and stabilization systems, products for the repair and replacement of heart valves, and surgical ablation products, as well as balloon angioplasty catheters, guide catheters, guidewires, diagnostic catheters, and accessories. The company’s Neuromodulation segment offers neurostimulators, implantable drug delivery systems, deep brain stimulation systems, and urology and gastroenterology devices. Its Diabetes segment offers external insulin pumps, continuous glucose monitors, carelink therapy management software, and blood glucose meters. The company’s Surgical Technologies segment offers tissue-removal systems, surgical drill systems, fluid-control products, cranial fixation devices, nerve monitoring systems, image-guided surgery systems, intra-operative imaging systems, a Ménière’s disease therapy device, and a portfolio of products to treat benign snoring and obstructive sleep apnea. Its Physio-Control segment offers external defibrillators, including manual defibrillator/monitors used by hospitals and emergency response personnel; and automated external defibrillators used in commercial and public settings. Medtronic, Inc. was founded in 1949 and is headquartered in Minneapolis, Minnesota.

MDT Top Compensated Officers

Chairman and Chief Executive Officer
Age: 54
Total Annual Compensation: $1.2M
Chief Financial Officer, Principal Accounting...
Age: 51
Total Annual Compensation: $636.0K
Senior Vice President of Quality & Operations...
Age: 50
Total Annual Compensation: $940.0K
Executive Vice President and Group President ...
Age: 51
Total Annual Compensation: $525.0K
Compensation as of Fiscal Year 2009.

Key developments for Medtronic, Inc. (MDT)

Medtronic Launches New Neuro Oncology Surgical Imaging System Internationally

Medtronic Inc. announced the Conformite Europeen (CE) mark and international launch of the PoleStar(R) N30 Surgical MRI system, the latest in neuro oncology surgical solutions. The PoleStar N30 System has been submitted to the U.S. Food and Drug Administration for approval. Providing real-time imaging in the operating room (OR), the PoleStar Surgical MRI provides surgeons with targeting and navigational accuracy despite the anatomy movement that may occur during a procedure. With intra-operative imaging information, neurosurgeons have more confidence to achieve maximum tumor resection, while avoiding critical areas of the brain. Use of the PoleStar system may also reduce the need for revision surgeries and the length of stay at the hospital for the patient.

Medtronic Highlights Positive ONSET Pediatric Diabetes Trial Results

Medtronic Inc. announced study results from an oral presentation at the International Diabetes Federation's World Diabetes Congress held in Montreal, Canada. This scientific convention highlights the latest developments in clinical research aimed at improving diabetes management and outcomes. Improved Glycemic Control and Evidence for Beta Cell Preservation. In an oral presentation entitled, 'The ONSET trial of sensor-enhanced CSII in children with new onset type 1 diabetes,' results of a prospective, randomized, multi-center trial were shared. The physician-initiated study, performed in five pediatric centers, assessed whether children (ages 1-16) newly diagnosed with type 1 diabetes could achieve improved glycemic control using an insulin pump augmented with Personal continuous glucose monitoring (CGM), known as the MiniMed Paradigm(R) REAL-Time System, compared to a control group using a conventional insulin pump with self monitoring of blood glucose (SMBG).

Medtronic Starts Study of Interventional Erectile Dysfunction Therapy

Medtronic Inc. announced the initiation of a feasibility study of an interventional treatment for erectile dysfunction (ED) that uses a specially-designed drug-eluting stent system. The study, called ZEN (Zotarolimus-Eluting Peripheral Stent System for the Treatment of Erectile Dysfunction in Males with Sub-Optimal Response to PDE5 Inhibitors), is being performed under an investigational device exemption (IDE) issued by the U.S. Food and Drug Administration and is expected to enroll a total of 50 subjects at up to ten medical centers in the United States over the next year. Medtronic is collaborating with urologists and interventionalists at each of the participating sites to design and execute the study in subjects who have had suboptimal response to PDE5 inhibitors, which include Viagra(R), Cialis(R) and Levitra(R). The study will evaluate the safety and improved erectile function of pelvic artery stenting, with results expected in 2011.

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MDT Competitors

Company Last Change
Baxter International Inc $54.66 USD +0.33
Boston Scientific Corp $8.16 USD +0.07
Covidien PLC $46.14 USD +0.49
Kimberly-Clark Corp $65.68 USD +0.93
Olympus Corporation ¥2,700 JPY -60.00
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Industry Analysis

Valuation MDT Industry Range
Price/Earnings 23.9x
Price/Sales 3.0x
Price/Book 3.4x
Price/Cash Flow 23.6x
TEV/Sales 2.4x

MDT

 | 

MDT transactions

Type
Date
Target
Private Placement
June 8, 2009
Inspire Medical Systems, Inc.
Merger/Acquisition
June 2, 2009
PreciSense A/S, Glucose Monitoring Assets
View More MDT Transactions...

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