SYK Stryker Corp.

Stryker Corp. engages in providing medical technology products and services. It operates through the following segments: Orthopaedics, MedSurg and Neurotechnology and Spine. The Orthopaedics segment provides reconstructive and trauma implant systems. The Medsurg segment deals with surgical equipment and navigation systems, endoscopy, patient handling, and reprocessed medical devices. The Neurotechnology and Spine segment pertains to spinal implants and neurovascular products. The company was founded by Homer H. Stryker in 1941 and is headquartered in Kalamazoo, MI.

Company profile

Ticker

SYK

Exchange

NYSE

Website

www.stryker.com

CEO

Kevin A. Lobo

Incorporated in

Michigan

Location

Michigan

Fiscal year end

Dec 31

Sector

Health Technology > Medical Specialties

Industry (SEC)

Surgical & Medical Instruments & Apparatus

3M • Boston Scientific • Baxter International • Becton Dickinson & Co • Teleflex • ResMed • Hill-Rom • Integra Lifesciences • AngioDynamics • NuVasive ...

SEC CIK

0000310764

Corporate docs

Articles of Incorporation & Bylaws

IRS number

381239739

SYK stock data

S&P 500

1M 1Y 2Y 5Y

Calendar

1 May 20

14 Jul 20

31 Dec 20

News

Company financial data Financial data

Chart SYK financial data

Quarter (USD)	Mar 20	Dec 19	Sep 19	Jun 19
Revenue	3.59B	4.13B	3.59B	3.65B
Net income	493M	725M	466M	480M
Diluted EPS	1.3	1.9	1.23	1.26
Net profit margin	13.74%	17.55%	12.99%	13.15%
Operating income	635M	944M	628M	613M
Net change in cash	-373M	2.39B	194M	80M
Cash on hand	3.96B	4.34B	1.95B	1.75B
Cost of revenue	1.26B	1.43B	1.26B	1.27B

Annual (USD)	Dec 19	Dec 18	Dec 17	Dec 16
Revenue	14.88B	13.6B	12.44B	11.33B
Net income	2.08B	3.55B	1.02B	1.65B
Diluted EPS	5.48	9.34	2.68	4.35
Net profit margin	13.99%	26.12%	8.20%	14.54%
Operating income	2.71B	2.54B	2.3B	2.18B
Net change in cash	721M	1.07B	-774M	-63M
Cash on hand	4.34B	3.62B	2.54B	3.32B
Cost of revenue	5.19B	4.66B	4.26B	3.82B

Financial data from Stryker earnings reports

Recent insider trades

SYK insider ownership history Insider history

Date	Owner	Security	Transaction	Code	10b5-1	$Price	#Shares	$Value	#Remaining
15 Jun 20	Boehnlein Glenn S	Common Stock	Sell	Dispose S	Yes	185.2357	10,351	1.92M	16,321
29 May 20	Golston Allan C.	Common Stock	Option exercise	Aquire M	No	64.01	5,520	353.34K	18,135
29 May 20	Golston Allan C.	Common Stock	Payment of exercise	Dispose F	No	195.35	1,357	265.09K	12,615
29 May 20	Golston Allan C.	Common Stock	Option exercise	Aquire M	No	53.6	4,945	265.05K	13,972
29 May 20	Golston Allan C.	Stock Option granted 02/13/2013 Common Stock	Option exercise	Dispose M	No	64.01	5,520	353.34K	0
29 May 20	Golston Allan C.	Stock Option granted 02/21/2012 Common Stock	Option exercise	Dispose M	No	53.6	4,945	265.05K	0
29 May 20	Golston Allan C.	Common Stock	Payment of exercise	Dispose F	No	195.35	1,809	353.39K	16,326
29 May 20	Golston Allan C.	Common Stock	Sell	Dispose S	No	193.23	7,299	1.41M	9,027
20 May 20	Srikant M. Datar	Common Stock	Sell	Dispose S	No	191.25	400	76.5K	16,091
19 May 20	Srikant M. Datar	Common Stock	Payment of exercise	Dispose F	No	191.92	385	73.89K	16,841

Data from 3, 4 and 5 filings. Stock values as filed, not updated for current price.

Institutional ownership Q1 2020

SYK institutional ownership history Ownership history

69.7% owned by funds/institutions

13F holders	Current	Prev Q	Change
Total holders	1322	1410	-6.2%
Opened positions	103	191	-46.1%
Closed positions	191	93	+105.4%
Increased positions	498	513	-2.9%
Reduced positions	513	458	+12.0%

13F shares	Current	Prev Q	Change
Total value	373.56B	382.08B	-2.2%
Total shares	261.14M	268M	-2.6%
Total puts	769.77K	791.28K	-2.7%
Total calls	1.06M	813.06K	+30.2%
Total put/call ratio	0.7	1.0	-25.3%

Largest owners	Shares	Value	Change
N Price T Rowe Associates	30M	$4.99B	+3.9%
Vanguard	29.14M	$4.85B	+2.3%
BLK BlackRock	26.34M	$4.39B	-0.1%
Greenleaf Trust	21.14M	$3.52B	-1.7%
STT State Street	13.81M	$2.31B	+1.0%
Capital Research Global Investors	9.26M	$1.54B	-2.7%
BK Bank Of New York Mellon	7.01M	$1.17B	+0.4%
Massachusetts Financial Services	6.22M	$1.03B	+20.8%
BEN Franklin Resources	5.65M	$941.47M	-0.9%
Geode Capital Management	4.57M	$759.72M	-0.2%

Largest transactions	Shares	Bought/sold	Change
FMR	4.16M	-6.71M	-61.7%
Norges Bank	0	-2.88M	EXIT
Fisher Asset Management	1.3M	+1.3M	+48721.0%
BlueSpruce Investments	1.17M	+1.17M	NEW
Manufacturers Life Insurance Company, The	946.58K	-1.15M	-54.9%
N Price T Rowe Associates	30M	+1.12M	+3.9%
MKFCF Mackenzie Financial	10.6K	-1.12M	-99.1%
Massachusetts Financial Services	6.22M	+1.07M	+20.8%
AustralianSuper Pty	0	-1.04M	EXIT
1832 Asset Management	1.2M	+1.01M	+519.3%

Data from 13F filings. Stock values as filed, not updated for current price. Long positions only.

Financial report summary

Competition

Fuse Medical • Span America Medical Systems • AxoGen • Kinetic Concepts • Smith & Nephew • Merit Medical Systems • Misonix • Orthofix Medical • Anika Therapeutics • Gentherm

Management Discussion

Our goal is to achieve sales growth at the high-end of the medical technology (MedTech) industry and maintain our long-term capital allocation strategy that prioritizes: (1) Acquisitions, (2) Dividends and (3) Share repurchases.
In 2019 we achieved reported net sales growth of 9.4%. Excluding the impact of acquisitions, sales grew 8.1% in constant currency. We reported net earnings of $2,083 and net earnings per diluted share of $5.48. Excluding the impact of certain items, we achieved adjusted net earnings of $3,139 and growth of 13.0% in adjusted net earnings per diluted share(1).
We continued our capital allocation strategy by investing $802 in acquisitions, paying $778 in dividends to our shareholders and using $307 for share repurchases.

Content analysis ?

Positive
Negative
Uncertain
Constraining
Legalese
Litigous
Readability	H.S. sophomore Avg

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From filing 10-Q 2020 Q1