Stryker Co. sees shareholder shifts as it reports strong Q3 earnings, beating estimates.

Bellevue Group AG and Martingale Asset Management have reduced their holdings in Stryker Co., while Caisse de Depot et Placement du Quebec increased its shares by 18.8%. Stryker reported a strong Q3 with a 12% revenue increase and EPS of $2.87, beating estimates. Analysts predict EPS of $12.06 for the year and have given the stock an "outperform" rating, with price targets up to $420. CEO Kevin Lobo recently sold shares worth $21.13 million.

December 01, 2024
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