W.G. Shaheen & Associates DBA Whitney & Co Sells 4,003 Shares of ResMed Inc. $RMD

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W.G. Shaheen & Associates DBA Whitney & Co reduced its stake in ResMed Inc. by 7.5%, selling 4,003 shares and now holding 49,528 shares valued at $13.56 million. ResMed reported strong Q3 earnings, beating analyst estimates with EPS of $2.81 and revenue of $1.42 billion, an 11% increase year-over-year. The medical equipment provider also announced a quarterly dividend of $0.60 per share, and Wall Street analysts currently give the stock a “Moderate Buy” rating with an average price target of $299.27.

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