![How to Buy Medtronic Stock [2024] | Step-by-Step](https://assets.finbold.com/uploads/2024/01/How-to-Buy-Medtronic-Stock.jpg)
Summary: Medtronic (NYSE: MDT) is a leader in the medical technology industry, and it’s also publicly traded. The most convenient way to buy Medtronic stock is by registering an account with a reputable brokerage platform, such as eToro.
Highly Rated Stock Trading & Investing Platform
-
Invest in 2,800+ stocks and other assets including 70+ cryptocurrencies and commodities.
-
0% commission on buying stocks - buy in bulk or just a fraction from as little as $10. Other fees apply. For more information, visit etoro.com/trading/fees.
-
Copy top-performing traders in real time, automatically.
-
eToro USA is registered with FINRA for securities trading.
About Medtronic
Founded in 1949, Medtronic has become a global powerhouse in the medical technology sector. The company focuses on developing innovative healthcare solutions, including devices for cardiac and vascular therapies, diabetes management, and minimally invasive surgical procedures. With a commitment to improving patient outcomes, Medtronic has established itself as a reliable and reputable player in the healthcare industry.
Medtronic IPO
Medtronic went public in 1957, making its stock available for purchase on the New York Stock Exchange (NYSE). Since then, Medtronic’s stock has been a favorite among investors seeking exposure to the rapidly evolving healthcare sector.
How to buy Medtronic stock: Step-by-step
If you’re looking to buy Medtronic stock, you can follow our simple step-by-step guide below and become a shareholder in no time.
Step 1: Choose the right broker
The first step in buying Medtronic stock is selecting a reliable brokerage platform. Namely, a brokerage account is a necessary tool for buying and selling stocks. Having said that, our go-to broker is eToro, a widely popular broker platform that offers a host of solid investment features, such as:
- Commission-free stock trading;
- Access to over 2,000 stocks from 17 different exchanges;
- The option to purchase fractional shares;
- Charting tools;
- A user-friendly platform that simplifies the trading experience.
Highly Rated Stock Trading & Investing Platform
-
Invest in 2,800+ stocks and other assets including 70+ cryptocurrencies and commodities.
-
0% commission on buying stocks - buy in bulk or just a fraction from as little as $10. Other fees apply. For more information, visit etoro.com/trading/fees.
-
Copy top-performing traders in real time, automatically.
-
eToro USA is registered with FINRA for securities trading.
Needless to say, there are many broker platforms out there. However, it’s crucial not to settle for just any platform; instead, prioritize assessing their offerings, such as:
- Competitive trading fees;
- Account minimums;
- Available research tools.
Step 2: Fund your account
Once you’ve chosen a broker, the next step is to fund your newly-made account. This involves depositing money that you can use to buy Medtronic stock. Most brokers accept bank transfers, wire transfers, or even credit/debit card payments.
Furthermore, after funding your account, it’s crucial to familiarize yourself with the available tools on the broker’s platform. These tools often include stock charts, financial statements, and analyst reports that can help you make informed investment decisions.
Step 3: Place your order
With a funded account, the next step is to place an order to buy Medtronic stock. On the broker’s platform, locate the trading section and enter Medtronic’s stock symbol (MDT). Then, specify the number of shares you want to purchase and set the order type (market order or limit order).
Medtronic stock price today
Pros and cons of buying Medtronic stock
Pros
- Industry leader: Medtronic is a recognized leader in the medical technology sector, providing innovative solutions that address critical healthcare needs;
- Steady growth: The company has a history of consistent growth, driven by its commitment to research, development, and strategic acquisitions;
- Dividend payments: Medtronic is known for its dividend-paying history, making it an attractive option for income-seeking investors.
Cons
- Regulatory risks: The healthcare industry is subject to rigorous regulations, and changes in regulatory environments can impact Medtronic’s operations;
- Competition: Intense competition within the medical technology sector could potentially affect Medtronic’s market share and profitability;
- Economic factors: Economic downturns can impact healthcare spending, affecting Medtronic’s revenue and stock performance.
In case you’re looking for the best medical device stocks to invest in, feel free to check out our other guides on leading companies in this sector:
- How to Buy Intuitive Surgical Stock;
- How to Buy Stryker Corporation Stock;
- How to Buy Boston Scientific Stock;
- How to Buy DexCom Stock;
- How to Buy Edwards Lifesciences Stock;
- How to Buy InMode Stock;
- How to Buy Outset Medical Stock.
What to avoid when buying stocks
One of the most common investing mistakes when buying stocks is letting your emotions carry you. You should, instead, stick to a well-thought-out strategy. Also, be sure to keep an eye on making other pitfalls, such as:
- Overlooking research: Failing to research and understand the company’s financials, competitive position, and industry trends can lead to uninformed investment decisions;
- Fear of missing out (FOMO): FOMO poses a risk when buying stocks by encouraging impulsive decision-making and overlooking investment fundamentals. To mitigate this, investors should adhere to a disciplined strategy, emphasizing long-term goals and seeking guidance from a financial advisor;
- Ignoring diversification: While Medtronic may seem like an attractive investment, it’s crucial to diversify your portfolio to spread risk across different sectors and asset classes.
Disclaimer: The content on this site should not be considered investment advice. Investing is speculative. When investing, your capital is at risk.
FAQs about how to buy Medtronic stock
Is it safe to invest in Medtronic stock?
Like all investments, there are risks involved. However, Medtronic’s strong track record and position in the healthcare industry make it a relatively stable investment. So, conduct thorough research and consider consulting with a financial advisor before making any investment decisions.
Has Medtronic stock split?
Yes, Medtronic stock (NYSE: MDT) has split several times over the years, with the last split occurring back in September 1999.
How do I sell my Medtronic shares?
To sell your Medtronic shares, log in to your brokerage account, go to the trading section, and choose the option to sell. Follow the prompts to enter the number of shares you want to sell and the type of order you prefer.
Is Medtronic a good dividend stock?
Medtronic has a history of being a reliable dividend-paying stock. The company has a consistent track record of dividend payments, making it appealing to income-seeking investors. However, the assessment of whether it’s a good dividend stock depends on individual investment goals and preferences.
What is the yield of Medtronic stock?
The dividend yield of Medtronic stock can fluctuate based on the current stock price and dividend payments. To obtain the most recent dividend yield, check financial news sources, stock market websites, or the company’s investor relations page for real-time data.
What months does Medtronic pay dividends?
Medtronic pays dividends quarterly. Companies often announce specific dividend payment dates in their investor relations communications. Nevertheless, to get the exact months when Medtronic pays dividends, refer to the company’s dividend schedule, available on their official website or financial reports.
What is the dividend history of Medtronic?
Medtronic has a consistent history of paying dividends. You can find information on dividend history, including payment dates and amounts, in the company’s financial statements or on financial news websites.
Highly Rated Stock Trading & Investing Platform
-
Invest in 2,800+ stocks and other assets including 70+ cryptocurrencies and commodities.
-
0% commission on buying stocks - buy in bulk or just a fraction from as little as $10. Other fees apply. For more information, visit etoro.com/trading/fees.
-
Copy top-performing traders in real time, automatically.
-
eToro USA is registered with FINRA for securities trading.
