Mitsubishi UFJ Trust & Banking Corp Boosts Stock Holdings in Stryker Corporation $SYK

Key Points

• Mitsubishi UFJ Trust & Banking increased its Stryker stake by 13.3% in the second quarter, bringing its holdings to 161,215 shares valued at approximately $50.8 million. Institutional investors collectively own 77.09% of the company.
• Stryker reported quarterly adjusted earnings of $3.69 per share, exceeding estimates of $3.49, while revenue rose 9.4% year over year to $6.59 billion. The company issued full-year 2026 EPS guidance of $14.95 to $15.10.
• Analysts maintain a generally positive view, with a consensus rating of “Moderate Buy” and an average price target of $386.28. Stryker also declared a quarterly dividend of $0.88 per share, while two insiders recently sold shares.

Mitsubishi UFJ Trust & Banking Corp raised its holdings in Stryker Corporation (NYSE:SYK - Free Report) by 13.3% during the second quarter, according to its most recent filing with the Securities and Exchange Commission. The institutional investor owned 161,215 shares of the medical technology company's stock after purchasing an additional 18,866 shares during the quarter. Mitsubishi UFJ Trust & Banking Corp's holdings in Stryker were worth $50,757,000 as of its most recent filing with the Securities and Exchange Commission.

Other institutional investors and hedge funds also recently added to or reduced their stakes in the company. Vanguard Group Inc. boosted its stake in shares of Stryker by 0.4% in the fourth quarter. Vanguard Group Inc. now owns 33,907,291 shares of the medical technology company's stock valued at $11,917,396,000 after buying an additional 133,892 shares in the last quarter. State Street Corp raised its position in Stryker by 2.1% in the fourth quarter. State Street Corp now owns 15,254,407 shares of the medical technology company's stock worth $5,374,731,000 after acquiring an additional 311,507 shares in the last quarter. Geode Capital Management LLC lifted its holdings in Stryker by 0.9% in the fourth quarter. Geode Capital Management LLC now owns 7,535,572 shares of the medical technology company's stock valued at $2,636,238,000 after acquiring an additional 69,851 shares during the period. Wellington Management Group LLP lifted its holdings in Stryker by 22.6% in the fourth quarter. Wellington Management Group LLP now owns 6,493,276 shares of the medical technology company's stock valued at $2,282,192,000 after acquiring an additional 1,198,665 shares during the period. Finally, Norges Bank purchased a new stake in shares of Stryker during the 4th quarter worth $1,822,272,000. Institutional investors and hedge funds own 77.09% of the company's stock.

Stryker Trading Down 0.1%

Shares of Stryker stock opened at $338.80 on Monday. Stryker Corporation has a fifty-two week low of $281.00 and a fifty-two week high of $396.86. The business's fifty day moving average is $324.61 and its two-hundred day moving average is $333.40. The company has a quick ratio of 1.33, a current ratio of 2.16 and a debt-to-equity ratio of 0.59. The firm has a market cap of $129.95 billion, a PE ratio of 35.11, a P/E/G ratio of 2.16 and a beta of 0.76.

Stryker (NYSE:SYK - Get Free Report) last announced its quarterly earnings data on Thursday, July 30th. The medical technology company reported $3.69 EPS for the quarter, beating analysts' consensus estimates of $3.49 by $0.20. The business had revenue of $6.59 billion during the quarter, compared to the consensus estimate of $6.58 billion. Stryker had a return on equity of 23.63% and a net margin of 14.43%.The business's revenue for the quarter was up 9.4% on a year-over-year basis. During the same quarter in the previous year, the business earned $3.13 earnings per share. Stryker has set its FY 2026 guidance at 14.950-15.100 EPS. Analysts anticipate that Stryker Corporation will post 15.02 earnings per share for the current year.

Stryker Announces Dividend

The firm also recently declared a quarterly dividend, which will be paid on Friday, October 30th. Shareholders of record on Wednesday, September 30th will be issued a $0.88 dividend. The ex-dividend date is Wednesday, September 30th. This represents a $3.52 annualized dividend and a yield of 1.0%. Stryker's payout ratio is 36.48%.

Analyst Upgrades and Downgrades

Several analysts recently commented on the stock. Barclays reduced their price objective on shares of Stryker from $469.00 to $394.00 and set an "overweight" rating for the company in a research note on Monday, May 4th. UBS Group assumed coverage on shares of Stryker in a research report on Tuesday, July 28th. They set a "buy" rating and a $400.00 price target for the company. Canaccord Genuity Group lowered their price target on Stryker from $435.00 to $400.00 and set a "buy" rating on the stock in a report on Friday, May 1st. Wells Fargo & Company reduced their price objective on Stryker from $456.00 to $418.00 and set an "overweight" rating for the company in a report on Friday, May 1st. Finally, Wall Street Zen raised Stryker from a "hold" rating to a "buy" rating in a report on Saturday, August 8th. One equities research analyst has rated the stock with a Strong Buy rating, seventeen have issued a Buy rating and six have assigned a Hold rating to the company. Based on data from MarketBeat, the stock currently has an average rating of "Moderate Buy" and a consensus target price of $386.28.

Insider Activity

In related news, VP Robert S. Fletcher sold 4,544 shares of the firm's stock in a transaction that occurred on Thursday, May 28th. The shares were sold at an average price of $306.87, for a total value of $1,394,417.28. Following the sale, the vice president directly owned 10,582 shares of the company's stock, valued at approximately $3,247,298.34. This trade represents a 30.04% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Also, Director Ronda E. Stryker sold 310,000 shares of the firm's stock in a transaction that occurred on 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 completion of the sale, the director directly owned 1,924,880 shares in the company, valued at $601,005,282.40. This represents a 13.87% decrease in their ownership of the stock. The SEC filing for this sale provides additional information. 4.60% of the stock is owned by insiders.

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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