Stryker Corporation (SYK)

NYSE: SYK · IEX Real-Time Price · USD
335.54
+5.42 (1.64%)
May 24, 2024, 4:00 PM EDT - Market closed
1.64%
Market Cap 127.82B
Revenue (ttm) 20.96B
Net Income (ttm) 3.36B
Shares Out 380.95M
EPS (ttm) 8.76
PE Ratio 38.30
Forward PE 27.23
Dividend $3.20 (0.95%)
Ex-Dividend Date Jun 28, 2024
Volume 1,226,264
Open 330.69
Previous Close 330.12
Day's Range 335.54 - 335.54
52-Week Range 249.98 - 361.41
Beta 0.92
Analysts Strong Buy
Price Target 367.72 (+9.59%)
Earnings Date Apr 30, 2024

About SYK

Stryker Corporation operates as a medical technology company. The company operates through two segments, MedSurg and Neurotechnology, and Orthopaedics and Spine. The Orthopaedics and Spine segment provides implants for use in total joint replacements, such as hip, knee and shoulder, and trauma and extremities surgeries. This segment also offers spinal implant products comprising cervical and thoracolumbar systems that include fixation, minimally invasive and interbody systems used in spinal injury, complex spine and degenerative therapies. The ... [Read more]

Industry Medical Devices
Sector Healthcare
Founded 1941
Employees 26,700
Stock Exchange NYSE
Ticker Symbol SYK
Full Company Profile

Financial Performance

In 2023, Stryker's revenue was $20.50 billion, an increase of 11.11% compared to the previous year's $18.45 billion. Earnings were $3.17 billion, an increase of 34.22%.

Financial Statements

Analyst Forecast

According to 18 analysts, the average rating for SYK stock is "Strong Buy." The 12-month stock price forecast is $367.72, which is an increase of 9.59% from the latest price.

Price Target
$367.72
(9.59% upside)
Analyst Consensus: Strong Buy
Stock Forecasts

News

Stryker declares a $0.80 per share quarterly dividend

Portage, Michigan, May 09, 2024 (GLOBE NEWSWIRE) -- Stryker (NYSE:SYK) announced that its Board of Directors has declared a quarterly dividend of $0.80 per share payable July 31, 2024 to shareholders ...

18 days ago - GlobeNewsWire

First Surgeries Using Stryker's Infinity With Adaptis and Everlast Successfully Completed in Europe

AMSTERDAM--(BUSINESS WIRE)--Stryker announced the completion of the first European surgeries using the Infinity Total Ankle System with Adaptis and Everlast technology.

21 days ago - Business Wire

Stryker lifts 2024 profit forecast on strong demand for medical devices, implants

Stryker Corp lifted its full-year profit forecast on Tuesday, owing to resilient demand for the company's medical devices and implants.

27 days ago - Reuters

Stryker reports first quarter 2024 operating results

Portage, Michigan, April 30, 2024 (GLOBE NEWSWIRE) -- Stryker (NYSE:SYK) reported operating results for the first quarter of 2024:

27 days ago - GlobeNewsWire

Spineology® Appoints new Member to Leadership Team; Spine Veteran Emory Rooney joins as Executive Vice President of Sales

ST. PAUL, Minn.--(BUSINESS WIRE)--Spineology Inc. ("Spineology" or the "Company"), the leader in ultra-minimally invasive spine surgery, announced today the addition of Emory Rooney as Executive Vice ...

Other symbols: ATEC
7 weeks ago - Business Wire

Stryker to announce financial results for its first quarter of fiscal year 2024

Portage, Michigan, April 01, 2024 (GLOBE NEWSWIRE) -- Stryker (NYSE:SYK) announced that it will report financial results for first quarter of fiscal year 2024 on Tuesday, April 30, 2024.  A press rele...

2 months ago - GlobeNewsWire

Stryker announces Annual Meeting of Shareholders

Portage, Michigan, March 26, 2024 (GLOBE NEWSWIRE) -- Stryker (NYSE:SYK) announced its 2024 Annual Meeting of Shareholders is scheduled as follows:

2 months ago - GlobeNewsWire

Stryker launches Gamma4 Hip Fracture Nailing System in Europe

AMSTERDAM--(BUSINESS WIRE)--Stryker's Gamma4 system is designed to treat hip and femur fractures and streamline procedural workflows for surgeons.

2 months ago - Business Wire

Stryker completes acquisition of SERF SAS

MAHWAH, N.J., USA, March 21, 2024 /PRNewswire/ -- Stryker (NYSE: SYK), a leading global medical technology company, announced today that it has completed the previously announced acquisition of SERF S...

2 months ago - PRNewsWire

First shoulder arthroplasty surgeries using Stryker's Blueprint® Mixed Reality Guidance System completed in Europe

AMSTERDAM--(BUSINESS WIRE)--The first shoulder arthroplasty surgeries using Stryker's Blueprint Mixed Reality Guidance System were successfully completed in Europe.

3 months ago - Business Wire

Stryker showcases commitment to innovation at AAOS 2024 Annual Meeting

MAHWAH, N.J. , Feb. 13, 2024 /PRNewswire/ -- Stryker (NYSE: SYK), a global leader in medical technology, showcases its commitment to innovation and technological advancement in Joint Replacement with ...

3 months ago - PRNewsWire

Stryker to participate in Citi's 2024 Unplugged Medtech and Life Sciences Access Day

Portage, Michigan, Feb. 05, 2024 (GLOBE NEWSWIRE) -- Stryker (NYSE:SYK) will participate in Citi's 2024 Unplugged Medtech and Life Sciences Access Day on Thursday, February 29, 2024 at Citigroup Headq...

4 months ago - GlobeNewsWire

Medical-device makers' stocks jump as procedures keep going strong

Shares of Stryker Corp. SYK, +7.67%, Boston Scientific Corp. BSX, +3.50% and other medical-technology companies jumped Wednesday as sustained demand for medical procedures brightened investors' outloo...

Other symbols: BSX
4 months ago - Market Watch

Stryker CEO Kevin Lobo on M&A goals in 2024

Stryker CEO Kevin Lobo joins 'Money Movers' to discuss the company's quarterly earnings results, what offensive M&A could look like for Stryker, and what's driving the company's organic growth.

4 months ago - CNBC Television

Stryker Expands Prophecy® Surgical Planning System to Include the New Footprint™, Offering Surgeons a Comprehensive View of the Foot and Ankle

PORTAGE, Mich.--(BUSINESS WIRE)--Stryker launched Prophecy Footprint, an expansion of the Prophecy Surgical Planning system, offering surgical planning across the entire foot.

4 months ago - Business Wire

Stryker forecasts strong 2024 as uptick in surgeries lift demand for devices

Stryker Corp forecast 2024 profit above Wall Street estimates on Tuesday, banking on a post-pandemic pick-up in volume for certain surgical procedures at hospitals to drive sales for its medical and s...

4 months ago - Reuters

Final Trades: Abbvie, Stryker, Crown Castle, Marathon Petroleum

Jim Lebenthal, chief equity strategist at Cerity Partners, Jenny Harrington, Gilman Hill Asset Management CEO, Joe Terranova, senior managing director at Virtus Investment Partners, and Brenda Vingiel...

Other symbols: ABBVCCIMPC
4 months ago - CNBC Television

Health care stocks are back in favor and these 3 names could lead the rally, according to the charts

Here are three stocks in the health care sector that could provide further upside potential based on their improving technical characteristics.

Other symbols: AMGNBSX
4 months ago - CNBC

First Shoulder Arthroplasty Surgeries Using Stryker's Blueprint® Mixed Reality Guidance System Completed at Mayo Clinic in Minnesota and at St. Joseph's Health Care London in Canada

KALAMAZOO, Mich.--(BUSINESS WIRE)--Stryker announced that the first shoulder arthroplasty surgeries using Blueprint® Mixed Reality Guidance have been successfully completed.

4 months ago - Business Wire

Stryker announces 2023 sales surpassed $20 billion

Portage, Michigan, Jan. 08, 2024 (GLOBE NEWSWIRE) -- Stryker (NYSE:SYK) announced today that it surpassed $20 billion in annual sales for the first time in its history during the month of December, 20...

5 months ago - GlobeNewsWire

Stryker to announce financial results for its fourth quarter and full year 2023

Portage, Michigan, Jan. 05, 2024 (GLOBE NEWSWIRE) -- Stryker (NYSE:SYK) announced that it will report financial results for fourth quarter and full year 2023 on Tuesday, January 30, 2024.  A press rel...

5 months ago - GlobeNewsWire

Ozempic and other weight-loss drugs' popularity set these stocks up for big gains

Investors have such high hopes for popular weight-loss medications like Wegovy and Ozempic, the wonder drugs have sent shock waves through the stock market.

5 months ago - Market Watch

Stryker announces intent to acquire SERF SAS, enhancing its global joint replacement leadership

MAHWAH, N.J., USA , Dec. 18, 2023 /PRNewswire/ -- Stryker (NYSE: SYK), one of the world's leading medical technology companies, announced today that it has executed a binding offer to Menix to acquire...

5 months ago - PRNewsWire

Stryker announces Dr. Srikant Datar will retire from Board of Directors

Kalamazoo, Michigan, Dec. 06, 2023 (GLOBE NEWSWIRE) -- Stryker (NYSE:SYK) announced today that after 15 years of distinguished service, Dr. Srikant Datar has notified the Company that he will not stan...

6 months ago - GlobeNewsWire

Bulgarian parliament okays $1.5 billion purchase of Stryker fighting vehicles from US

The Bulgarian parliament on Thursday approved a $1.5 billion purchase of Stryker fighting vehicles from the United States to modernise the country's army and bring it in line with NATO standards, the ...

7 months ago - Reuters