STRYKER CORP
No SEC Form 4 filings for $SYK in the last 30 days.
Barclays cut its Stryker (SYK) price target to $394 from $469 while keeping an Overweight rating, saying fiscal Q1 results were mixed and below Street estimates and that a “significant back-end loaded ramp” is needed to meet full-year guidance. Separately, Truist lowered its target to $380 from $395 and reiterated a Hold, citing expectations for Q1 results.
Global Retirement Partners LLC significantly increased its stake in Stryker Corporation (NYSE:SYK) by 54.6% in the fourth quarter, bringing its total holdings to 10,763 shares valued at approximately $3.78 million. Institutional investors collectively own 77.09% of Stryker's stock, with several other firms also boosting their positions. Despite the increased institutional interest, a Stryker VP recently sold a large portion of her shares, and the company's latest earnings missed analyst expectations, although revenue increased and a dividend of $0.88 per share was announced.
Rathbones Group PLC significantly increased its stake in Stryker Corporation by 647.9% in the fourth quarter, holding 219,265 shares valued at approximately $77.1 million. Despite this, Stryker reported mixed quarterly results, missing EPS and revenue estimates, although revenue increased by 2.6% year-over-year. Analyst sentiment remains largely positive, with 16 Buy ratings and 6 Hold ratings, yet TD Cowen recently downgraded the stock to Hold.
