Medtronic: Time To Add Shares

Oct. 28, 2021 9:51 AM ETMedtronic plc (MDT)CAH33 Comments
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Summary

  • Medtronic is a Dividend Champion and Dividend Aristocrat having raised the dividend for 44 consecutive years.
  • The company is one of the largest pure-play medical device companies in the world.
  • Medtronic grows organically through R&D and also makes minority investments, tuck-in acquisitions, and strategic partnerships.
  • The dividend is safe based on earnings, cash flow, and debt.
  • The stock is undervalued.

Medtronic office in Pointe-Claire, QC, Canada.

JHVEPhoto/iStock Editorial via Getty Images

Medtronic (NYSE:MDT) is one of those companies most retail investors know little about. The company's customers are primarily hospitals, doctor's offices, and healthcare facilities. The company has its headquarters in Ireland, making it even more obscure. However, Medtronic is the largest

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I am a self-taught individual investor and I have been investing in stocks for approximately 20 years. I focus on dividend growth investing with a long-term horizon since I believe in the compounding power of dividend growth investing. I generally look for undervalued large cap stocks with sustainable dividend growth and capital appreciation potential. My second focus is tech and small- or mid-cap stocks with or without dividends for their growth potential. I try to provide a little more in depth analysis weighing the positives and negatives. You can see my performance at my Tip Ranks profile. I am now in the Top 100 out of 13,540 (73rd and in the top 1.0%) financial bloggers (August 2022).You can follow me at my blog Dividend Power. Read my e-book --> 10 Forever Dividend Growth StocksI also now write stock analyses for Sure Dividend as a part-time free lance equity analyst. I provide investment analyses and research for their Sure Analysis Research Database. I also write stock snapshots for Portfolio Insight.

Disclosure: I/we have a beneficial long position in the shares of MDT either through stock ownership, options, or other derivatives. I wrote this article myself, and it expresses my own opinions. I am not receiving compensation for it (other than from Seeking Alpha). I have no business relationship with any company whose stock is mentioned in this article.

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