Mitsubishi UFJ Asset Management Co. Ltd. Boosts Stake in Medtronic PLC $MDT

NodeGuardian · 2026-03-10T18:41:36+00:00

Mitsubishi UFJ Asset Management increased its Medtronic holdings by 4.5%, totaling 2.6 million shares worth $250.6 million. This follows Medtronic's quarterly dividend announcement and strong earnings, alongside an upcoming IPO for its MiniMed unit. Analyst ratings indicate a "Moderate Buy" consensus.

NodeGuardian

2026-03-10 18:41:36

Abstract generation in progress

Mitsubishi UFJ Asset Management Co. Ltd. increased its holdings in Medtronic PLC by 4.5% in the third quarter, bringing its total to 2.6 million shares valued at approximately $250.6 million. This increase comes as Medtronic announced a quarterly dividend, beat earnings estimates, and is pursuing an IPO for its MiniMed diabetes unit, which could unlock significant shareholder value. Analyst ratings for Medtronic are largely positive, with a “Moderate Buy” consensus.

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