covidien plc (COV:New York)
covidien plc (COV) Snapshot
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Open
$65.86
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Previous Close
$65.80
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Day High
$67.26
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Day Low
$65.11
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52 Week High
04/11/13 - $68.83
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52 Week Low
06/4/12 - $50.25
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Market Cap
30.7B
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Average Volume 10 Days
2.2M
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EPS TTM
$4.36
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Shares Outstanding
470.5M
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EX-Date
04/2/13
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P/E TM
15.0x
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Dividend
$1.04
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Dividend Yield
1.54%
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covidien plc (COV) Latest News
covidien plc (COV) Details
Covidien plc develops, manufactures, and sells healthcare products for use in clinical and home settings worldwide. Its Medical Devices segment offers endomechanical instruments, such as laparoscopic instruments, surgical staplers, and interventional lung solutions; energy devices, including vessel sealing, electrosurgical, and ablation products and related capital equipment; and soft tissue repair products comprising sutures, mesh, biosurgery products, and hernia mechanical devices. This segment also provides vascular products, such as compression, dialysis, venous insufficiency, thrombectomy, neurovascular, and peripheral vascular products; oximetry and monitoring products, including sensors, monitors, and temperature management products; and airway and ventilation products comprising airway, ventilator, breathing systems, and inhalation therapy products. The company’s Pharmaceuticals segment provides branded and generic pharmaceuticals, including pain and addiction treatment products; active pharmaceutical ingredients comprising medicinal opiates, peptides, stearates, and phosphate; contrast products, such as contrast delivery systems and contrast agents; and radioactive isotopes and associated pharmaceuticals used for the diagnosis and treatment of diseases. Its Medical Supplies segment offers nursing care products comprising incontinence, wound care, enteral feeding, urology, and suction products; medical surgical products, such as operating room supply products related accessories, electrodes, thermometry, and chart paper product lines; sharp safety products comprising needles, syringes, and sharps disposal products; and original equipment manufacturer products. The company markets its products through direct sales force and third-party distributors primarily to hospitals, surgi-centers, alternate site facilities, and drug manufacturers, including long-term care facilities and imaging centers. Covidien plc is based in Dublin, Ireland.
Last Reported Date: 11/15/12
covidien plc (COV) Top Compensated Officers
covidien plc (COV) Key Developments
Covidien plc announced that its Nellcor(TM) pulse oximetry portfolio, which is used to measure arterial oxygen saturation, has received U.S. Food and Drug Administration (FDA) 510(k) clearance for motion claims. This makes Covidien the first company to receive FDA clearance for a motion-tolerant bedside pulse oximeter portfolio that is also compliant with ISO 80601-2-61 (International Organization for Standardization standards for pulse oximetry). Devices covered by the action include: Nellcor Bedside SpO2 Patient Monitoring System, Nellcor Bedside Respiratory Patient Monitoring System, Nellcor N-600x Pulse Oximetry Monitoring System. Pulse oximeters provide early warning of dangerous respiratory complications, enabling clinicians to detect and address life-threatening events sooner. Nellcor devices rely on cardiac-based signals to provide a more accurate reading that is closely tied to the patient's physiology. This drives consistent performance during various challenging conditions, such as patient motion, noise and low perfusion, which can impede the assessment of patient respiratory status. Covidien offers comprehensive pulse oximetry training through its new Professional Affairs and Clinical Education Online Platform to support the safe and effective use of motion-tolerant pulse oximeters. For customers, Covidien further offers in-service programs, in-house continuing education programs and field-based technical training tools. The Nellcor Bedside SpO(2) Patient Monitoring System, Bedside Respiratory Patient Monitoring System, and N-600x Pulse Oximetry Monitoring System are indicated for prescription-use only for the continuous non-invasive monitoring of functional oxygen saturation of arterial hemoglobin (SpO(2)) and pulse rate. They are intended for neonatal, pediatric, and adult patients, and for well or poorly perfused patients in hospitals, hospital-type facilities, intra-hospital transport and home environments.
Covidien plc announced that on May 6, 2013, John M. Connors, Jr. notified the company of his intention to retire from the company's Board of Directors on September 27, 2013, the end of the company's fiscal year. This decision is not the result of any disagreement between Mr. Connors and the company or its management.
Covidien plc announced the appointment of Jacqueline Strayer as Senior Vice President, Corporate Communications, effective immediately. She will report to José E. Almeida, Chairman, President and CEO and be located in Mansfield, MA. In this role, Strayer will be responsible for leading Covidien's global communications strategies. This encompasses both internal and external communications initiatives worldwide, including corporate marketing, public relations, media relations, financial communications, crisis communications, issues management, philanthropy and the company's digital presence. She joins Covidien from Johnson Controls where she served as Vice President, Corporate Communications and was an elected officer of the company.
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Industry Analysis
COV
Industry Average
| Valuation | COV | Industry Range |
| Price/Earnings | 17.0x |
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| Price/Sales | 2.5x |
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| Price/Book | 2.8x |
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| Price/Cash Flow | 16.7x |
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| TEV/Sales | 2.0x |
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