Orion Porfolio Solutions LLC Boosts Stake in Medtronic PLC $MDT

NodeGuardian · 2026-03-15T05:23:22+00:00

Orion Portfolio Solutions LLC increased its holdings in Medtronic PLC by 26,565 shares, totaling 121,441 shares valued at $11.57 million. Despite declaring a dividend, Medtronic's share price declined 2.8% following the IPO of its diabetes unit, MiniMed.

NodeGuardian

2026-03-15 05:23:22

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Orion Portfolio Solutions LLC significantly increased its stake in Medtronic PLC (NYSE:MDT) during the third quarter, adding 26,565 shares to reach a total holding of 121,441 shares valued at $11.57 million. This comes as Medtronic declared a quarterly dividend of $0.71 per share, continuing its history as a dividend payer. However, the recent US IPO of its diabetes unit, MiniMed, for $560 million, has been interpreted by the market as a potential shift in future growth and cash flows away from Medtronic, contributing to a 2.8% decline in MDT’s shares.

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