Swiss National Bank increased its stake in shares of Stryker Corporation (NYSE:SYK – Free Report) by 7.1% in the first quarter, according to the company in its most recent Form 13F filing with the SEC. The fund owned 1,010,100 shares of the medical technology company’s stock after acquiring an additional 67,240 shares during the quarter. Swiss National Bank owned about 0.26% of Stryker worth $331,909,000 at the end of the most recent quarter.
Other institutional investors and hedge funds also recently bought and sold shares of the company. Sankala Group LLC purchased a new position in shares of Stryker during the fourth quarter valued at about $26,000. Godfrey Financial Associates Inc. purchased a new stake in shares of Stryker in the fourth quarter worth about $26,000. United Financial Planning Group LLC purchased a new stake in shares of Stryker in the third quarter worth about $27,000. Atlas Capital Advisors Inc. bought a new position in Stryker during the fourth quarter valued at approximately $27,000. Finally, DJE Kapital AG bought a new position in Stryker during the fourth quarter valued at approximately $28,000. 77.09% of the stock is currently owned by institutional investors.
Stryker Trading Down 3.4%
Shares of SYK stock opened at $319.78 on Friday. The company has a market cap of $122.59 billion, a PE ratio of 37.01, a price-to-earnings-growth ratio of 2.05 and a beta of 0.77. Stryker Corporation has a 1 year low of $281.00 and a 1 year high of $404.87. The stock’s 50 day simple moving average is $312.69 and its two-hundred day simple moving average is $336.82. The company has a debt-to-equity ratio of 0.62, a current ratio of 2.11 and a quick ratio of 1.25.
Stryker Announces Dividend
The company also recently disclosed a quarterly dividend, which will be paid on Friday, July 31st. Shareholders of record on Tuesday, June 30th will be paid a dividend of $0.88 per share. This represents a $3.52 annualized dividend and a yield of 1.1%. The ex-dividend date of this dividend is Tuesday, June 30th. Stryker’s payout ratio is presently 40.74%.
Key Stryker News
Here are the key news stories impacting Stryker this week:
- Positive Sentiment: Stryker launched Mako RPS, a new handheld robotic power system for total knee replacement, expanding its Mako robotics portfolio beyond robotic-arm assisted surgery and potentially broadening adoption of robotic-assisted orthopedic procedures. Stryker expands Mako robotics portfolio with full market release of Mako RPS
- Positive Sentiment: Media coverage highlighted the full U.S. commercial launch of Mako RPS, reinforcing investor optimism that Stryker is strengthening its competitive position in orthopedic robotics. Stryker fully launches Mako robotic power system for knee surgery in US
- Positive Sentiment: Unusually heavy call-option buying suggested traders were positioning for more upside in SYK, which can sometimes add momentum to the shares.
- Positive Sentiment: RBC Capital reiterated its Buy rating on Stryker, providing another favorable signal from the analyst community. RBC Capital Sticks to Their Buy Rating for Stryker (SYK)
- Neutral Sentiment: MarketWatch noted that Stryker stock outperformed peers on a strong trading day, indicating relative strength but without a specific new company catalyst. Stryker Corp. stock outperforms competitors on strong trading day
- Neutral Sentiment: Analyst commentary on Stryker was mixed in broader healthcare-sector coverage, but no major negative surprise was indicated in the headlines provided. Analysts Offer Insights on Healthcare Companies: Shionogi & Co (OtherSGIOF) and Stryker (SYK)
Insider Buying and Selling at Stryker
In other news, VP M Kathryn Fink sold 5,220 shares of the firm’s stock in a transaction dated Monday, May 11th. The shares were sold at an average price of $283.85, for a total value of $1,481,697.00. Following the completion of the sale, the vice president owned 13,137 shares in the company, valued at approximately $3,728,937.45. This trade represents a 28.44% decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, Director Ronda E. Stryker sold 310,000 shares of Stryker stock in a transaction dated Tuesday, May 26th. The stock was sold at an average price of $312.23, for a total transaction of $96,791,300.00. Following the transaction, the director directly owned 1,924,880 shares of the company’s stock, valued at approximately $601,005,282.40. This represents a 13.87% decrease in their ownership of the stock. Additional details regarding this sale are available in the official SEC disclosure. Insiders have sold 323,264 shares of company stock worth $100,659,489 over the last quarter. Insiders own 4.60% of the company’s stock.
Wall Street Analysts Forecast Growth
A number of analysts have issued reports on SYK shares. Robert W. Baird set a $385.00 price objective on Stryker in a research note on Friday, May 1st. Truist Financial reiterated a “hold” rating and set a $330.00 target price (down from $380.00) on shares of Stryker in a research report on Monday, May 4th. Weiss Ratings lowered shares of Stryker from a “hold (c+)” rating to a “hold (c)” rating in a report on Monday, May 4th. Barclays reduced their price target on shares of Stryker from $469.00 to $394.00 and set an “overweight” rating on the stock in a research report on Monday, May 4th. Finally, Sanford C. Bernstein set a $410.00 price objective on shares of Stryker in a research report on Friday, May 1st. One research analyst has rated the stock with a Strong Buy rating, sixteen have issued a Buy rating and six have given a Hold rating to the company. According to MarketBeat.com, the stock currently has a consensus rating of “Moderate Buy” and an average price target of $392.52.
View Our Latest Research Report on Stryker
Stryker Company Profile
Stryker Corporation is a global medical technology company that designs, manufactures and markets a broad range of products and services for use in hospitals, surgeons’ offices and other healthcare facilities. Its primary business activities span orthopedics (including joint replacement implants, trauma and extremities products), surgical equipment and operating room technologies (such as visualization, navigation and powered instruments), neurotechnology and spine solutions, and patient-handling and emergency medical equipment.
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