Dearborn Partners LLC Makes New Investment in Stryker Corporation $SYK

Key Points

• Dearborn Partners purchased 73,889 Stryker shares worth approximately $24.3 million in the second quarter, making the stock 1.3% of its portfolio. Institutional investors and hedge funds collectively own 77.09% of Stryker.
• Stryker reported quarterly earnings of $3.69 per share, surpassing estimates of $3.49, while revenue rose 9.4% year over year to $6.59 billion. Analysts maintain a “Moderate Buy” consensus rating with an average price target of $386.28.
• The company declared a quarterly dividend of $0.88 per share, equivalent to a 1.1% annual yield. Meanwhile, insiders sold roughly $119.4 million of stock over the past 90 days, including a $100.8 million sale by director Ronda E. Stryker.

Dearborn Partners LLC purchased a new stake in Stryker Corporation (NYSE:SYK - Free Report) in the second quarter, according to its most recent disclosure with the Securities and Exchange Commission. The institutional investor purchased 73,889 shares of the medical technology company's stock, valued at approximately $24,279,000. Stryker comprises 1.3% of Dearborn Partners LLC's portfolio, making the stock its 29th biggest position.

A number of other hedge funds have also modified their holdings of the company. VanderPol Investments L.L.C. raised its holdings in Stryker by 1.4% in the fourth quarter. VanderPol Investments L.L.C. now owns 2,084 shares of the medical technology company's stock worth $732,000 after purchasing an additional 28 shares during the period. KCM Investment Advisors LLC increased its position in shares of Stryker by 1.5% in the 4th quarter. KCM Investment Advisors LLC now owns 1,857 shares of the medical technology company's stock valued at $653,000 after buying an additional 28 shares in the last quarter. Rossby Financial LCC raised its stake in Stryker by 6.6% during the 4th quarter. Rossby Financial LCC now owns 451 shares of the medical technology company's stock worth $159,000 after buying an additional 28 shares during the period. Tcfg Wealth Management LLC raised its stake in Stryker by 2.7% during the 3rd quarter. Tcfg Wealth Management LLC now owns 1,091 shares of the medical technology company's stock worth $403,000 after buying an additional 29 shares during the period. Finally, ICW Investment Advisors LLC lifted its holdings in Stryker by 0.6% during the fourth quarter. ICW Investment Advisors LLC now owns 5,096 shares of the medical technology company's stock worth $1,791,000 after acquiring an additional 30 shares in the last quarter. 77.09% of the stock is currently owned by institutional investors and hedge funds.

Stryker Stock Down 0.5%

NYSE:SYK opened at $327.80 on Tuesday. The stock has a 50-day simple moving average of $327.39 and a 200 day simple moving average of $332.16. Stryker Corporation has a 52-week low of $281.00 and a 52-week high of $396.86. The company has a market cap of $125.73 billion, a PE ratio of 33.97, a PEG ratio of 2.10 and a beta of 0.76. The company has a debt-to-equity ratio of 0.59, a quick ratio of 1.33 and a current ratio of 2.16.

Stryker (NYSE:SYK - Get Free Report) last released its earnings results on Thursday, July 30th. The medical technology company reported $3.69 EPS for the quarter, beating the consensus estimate of $3.49 by $0.20. The firm had revenue of $6.59 billion for the quarter, compared to analysts' expectations of $6.58 billion. Stryker had a return on equity of 23.63% and a net margin of 14.43%.The business's quarterly revenue was up 9.4% compared to the same quarter last year. During the same quarter in the previous year, the business posted $3.13 EPS. Stryker has set its FY 2026 guidance at 14.950-15.100 EPS. On average, sell-side analysts expect that Stryker Corporation will post 15.02 EPS for the current fiscal year.

Stryker Dividend Announcement

The firm also recently announced a quarterly dividend, which will be paid on Friday, October 30th. Investors of record on Wednesday, September 30th will be issued a dividend of $0.88 per share. The ex-dividend date is Wednesday, September 30th. This represents a $3.52 annualized dividend and a yield of 1.1%. Stryker's dividend payout ratio is presently 36.48%.

Wall Street Analysts Forecast Growth

A number of equities research analysts have recently commented on SYK shares. BMO Capital Markets assumed coverage on Stryker in a research report on Wednesday, July 8th. They set an "outperform" rating and a $369.00 price target on the stock. Raymond James Financial set a $370.00 price objective on Stryker in a research report on Friday, July 31st. Canaccord Genuity Group lowered their target price on Stryker from $435.00 to $400.00 and set a "buy" rating for the company in a research note on Friday, May 1st. Evercore set a $350.00 price target on shares of Stryker in a research note on Monday, July 6th. Finally, Weiss Ratings reiterated a "hold (c)" rating on shares of Stryker in a report on Friday, July 31st. One investment analyst has rated the stock with a Strong Buy rating, seventeen have assigned a Buy rating and six have given a Hold rating to the stock. According to data from MarketBeat, Stryker has an average rating of "Moderate Buy" and an average target price of $386.28.

Insider Activity at Stryker

In other Stryker news, insider Debra King sold 826 shares of the business's stock in a transaction dated Tuesday, August 18th. The shares were sold at an average price of $336.30, for a total transaction of $277,783.80. Following the sale, the insider directly owned 6,210 shares of the company's stock, valued at $2,088,423. The trade was a 11.74% decrease in their position. The sale was disclosed in a filing with the SEC, which is available through this link. Also, Director Ronda E. Stryker sold 300,000 shares of the stock in a transaction dated Tuesday, August 18th. The stock was sold at an average price of $335.90, for a total transaction of $100,770,000.00. Following the transaction, the director owned 2,301,375 shares of the company's stock, valued at approximately $773,031,862.50. This represents a 11.53% decrease in their ownership of the stock. Additional details regarding this sale are available in the official SEC disclosure. Over the last 90 days, insiders sold 355,370 shares of company stock valued at $119,447,201. Corporate insiders own 4.60% of the company's stock.

About Stryker

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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