| Profitability | 72/100 |
| Growth | 64/100 |
| Momentum | 90/100 |
| Quality | 87/100 |
| Earnings Quality | 78/100 |
| Balance Sheet | 63/100 |
| Value | 52/100 |
| Risk (safety) | 100/100 |
| Overall | 73.6/100 |
| Symbol | IS Score |
|---|---|
| MDT | 64 |
| ABT | 57 |
| BSX | 67 |
| EW | 65 |
| DXCM | 81 |
| ZBH | 60 |
| SYK | 74 |
Both readings sit above the midpoint — business quality at 74 and price structure at 69 out of 100 — so they are not in conflict. The fundamentals and the tape are saying the same thing, which is the case in which either one alone would have been enough.
| Trigger | Where it stands now | What it would mean |
|---|---|---|
| IS Score reaches 75 and holds two consecutive quarters | now 73.6 | would move us up one band |
| IS Score stops falling - one quarter higher than the prior | last four: 59 → 67 → 69 → 74 | the direction matters more than the level |
| Technical vote share back above 50% | now 73% | price structure no longer broken |
| Institutional holder count rises two quarters running | peak 2,332 → now 2,277 | fewer institutions willing to hold is our clearest warning |
This page is InsiderStreet's own reading, produced from the data in the rest of this document. It is not a price target and not investment advice. Analyst consensus and street price targets appear later under their own heading and are the street's numbers, not ours.
| Quarter | Holders | 13F shares | Value | Reported own% |
|---|---|---|---|---|
| 2026 Q2 | 2,277 | 309.9M | $93.5B | 80.8% |
| 2026 Q1 | 2,314 | 299.3M | $94.0B | 78.0% |
| 2025 Q4 | 2,332 | 304.2M | $102.2B | 79.3% |
| 2025 Q3 | 2,275 | 297.5M | $105.1B | 77.6% |
| 2025 Q2 | 2,263 | 306.0M | $114.5B | 79.8% |
| 2025 Q1 | 2,236 | 303.7M | $107.9B | 79.2% |
| 2024 Q4 | 2,201 | 299.1M | $103.1B | 78.0% |
| 2024 Q3 | 2,040 | 299.6M | $103.2B | 78.1% |
| 2024 Q2 | 1,993 | 295.0M | $95.5B | 76.9% |
| 2024 Q1 | 2,000 | 294.4M | $99.8B | 76.8% |
| 2023 Q4 | 1,890 | 293.9M | $83.6B | 76.6% |
| 2023 Q3 | 1,780 | 293.8M | $76.4B | 76.6% |
| Insider | Role | Date | Type | Shares | Value | Post-Txn Owned |
|---|---|---|---|---|---|---|
| Wells Preston Wendell | VP, Chief Financial Officer | 2026-09-24 | J-Other | 109 | — | 3,661 |
| Wells Preston Wendell | VP, Chief Financial Officer | 2026-09-22 | J-Other | 962 | — | 3,770 |
| Baculik Emily Kay | VP, Corporate Controller | 2026-09-01 | — | 805 | $0.20M | 0 |
| Baculik Emily Kay | VP, Corporate Controller | 2026-09-01 | — | 1,490 | $0.40M | 0 |
| Baculik Emily Kay | VP, Corporate Controller | 2026-09-01 | — | 1,265 | $0.43M | 0 |
| Baculik Emily Kay | VP, Corporate Controller | 2026-09-01 | — | 918 | $0.36M | 0 |
| Baculik Emily Kay | VP, Corporate Controller | 2026-09-01 | — | 1,060 | $0.38M | 0 |
| Crotty Dylan Bram | Group President | 2026-08-21 | SELL | 441 | $0.14M | 6,102 |
| 6-mo decomposition (Form 4) | Txns | Shares | Value | Signal weight |
|---|---|---|---|---|
| S — Open-market sales | 36 | 674,531 | $218.9M | Counted |
| M — Exercises (paired A/D) | 8 | 24,538 | $3.6M | None — mechanics |
| F — Tax withholding | 14 | 69,158 | $22.5M | None — compensation |
| G — Gifts | 1 | 1,607 | — | None |
| P — Open-market purchases | 0 | 0 | $0 | Counted — none occurred |
| Filed | Filer | Shares registered | Est. proceeds |
|---|---|---|---|
| 2026-08-18 | Debra King | 826 | $0.3M |
| 2026-08-17 | Stryker Ronda E | 350,000 | $117.2M |
| 2026-05-28 | Fletcher Robert S | 4,544 | $1.4M |
| 2026-05-27 | Stryker Ronda E | 310,000 | $97.0M |
| Trailing 12 mo | 9 filings | 1,188,536 | $402M |
| Filed | Form | Reporting person | % of class | Shares |
|---|---|---|---|---|
| 2026-04-30 | SCHEDULE 13G | Vanguard Capital Management | 6.73% | 25.8M sh |
| 2026-04-14 | SCHEDULE 13D/A | STRYKER RONDA E | 4.00% | 15.2M sh |
| 2026-03-27 | SCHEDULE 13G/A | The Vanguard Group | — | exit/reporting change |
| 2026-02-11 | SCHEDULE 13G/A | GREENLEAF TRUST | 4.40% | 16.8M sh |
| Member | Chamber | Trade | Size band | Traded | Disclosed |
|---|---|---|---|---|---|
| Ro Khanna | House | SELL | $1,001 - $15,000 | 2026-09-25 | 2026-10-09 |
| Ro Khanna | House | SELL | $15,001 - $50,000 | 2026-09-11 | 2026-10-09 |
| Ro Khanna | House | BUY | $1,001 - $15,000 | 2026-09-04 | 2026-10-09 |
| Alan Armstrong | Senate | SELL | $15,001 - $50,000 | 2026-03-27 | 2026-07-21 |
| Dan Sullivan | Senate | SELL | $1,001 - $15,000 | 2022-11-30 | 2023-07-26 |
| Dan Sullivan | Senate | SELL | $1,001 - $15,000 | 2022-11-30 | 2023-07-25 |
| Manager | Shares | Value |
|---|---|---|
| Fenimore Asset Management Inc | 550,558 | $152M |
| Fort Washington Investment Advisor | 367,335 | $101M |
| Perpetual Ltd | 338,569 | $93M |
| Davenport & Co Llc | 285,110 | $79M |
| Cws Financial Advisors, Llc | 241,684 | $67M |
| Td Waterhouse Canada Inc. | 208,609 | $57M |
| Fund | Weight | Position |
|---|---|---|
| VITSX | 0.1% | $3.0B |
| VTSAX | 0.1% | $3.0B |
| VTI | 0.1% | $3.0B |
| VSMPX | 0.1% | $3.0B |
| VFIAX | 0.1% | $2.5B |
| VOO | 0.1% | $2.5B |
| ATS Venue (4-wk) | Shares | Avg trade |
|---|---|---|
| Incr Intelligent Cross Llc | 2.7M | 32 sh |
| Ubsa Ubs Ats | 2.3M | 33 sh |
| Sgmt Sigma X2 | 1.6M | 33 sh |
| Ebxl Level Ats | 1.3M | 23 sh |
| Bids Bids Ats | 0.9M | 265 sh |
| Mlix Instinct X | 0.9M | 42 sh |
| Region | Revenue | Share |
|---|---|---|
| EMEA | $3.2B | 52% |
| Asia Pacific | $2.2B | 35% |
| Other foreign countries | $765M | 13% |
Moat score 64/100 — Narrow; primary source Efficient Scale.
| Officer | Title |
|---|---|
| Kevin A. Lobo | Chairman & CEO |
| Spencer S. Stiles | President & COO |
| J. Andrew Pierce | Group President of MedSurg & Neurotechnology |
| Preston Wells | Vice President & Chief Financial Officer |
| Period | EPS est. | EPS actual | EPS surprise | Rev est. ($M) | Rev actual ($M) | Rev surprise |
|---|
| YoY growth | FY21 | FY22 | FY23 | FY24 | FY25 |
|---|---|---|---|---|---|
| Revenue | +19.2% | +7.8% | +11.1% | +10.2% | +11.2% |
| Gross profit | +22.3% | +3.1% | +13.2% | +11.9% | +14.9% |
| Operating income | +24.3% | -0.8% | +14.6% | +18.2% | -3.4% |
| Net income | +24.7% | +18.3% | +34.2% | -5.4% | +8.5% |
| $B · FY ends | FY21 | FY22 | FY23 | FY24 | FY25 | Trend |
|---|---|---|---|---|---|---|
| Revenue | 17.1 | 18.4 | 20.5 | 22.6 | 25.1 | |
| Cost of revenue | 6.4 | 7.4 | 8.0 | 8.6 | 9.1 | |
| Gross profit | 10.7 | 11.0 | 12.5 | 14.0 | 16.1 | |
| R&D expense | 1.1 | 1.2 | 1.3 | 1.4 | 1.6 | |
| SG&A expense | 5.8 | 6.1 | 6.9 | 7.5 | 8.7 | |
| Operating income | 3.8 | 3.7 | 4.3 | 5.1 | 4.9 | |
| EBITDA | 3.6 | 4.0 | 5.1 | 4.9 | 6.3 | |
| D&A | 1.0 | 1.0 | 1.0 | 1.1 | 1.2 | |
| Pretax income | 2.3 | 2.7 | 3.7 | 3.5 | 4.5 | |
| Income tax | 0.3 | 0.3 | 0.5 | 0.5 | 1.3 | |
| Net income | 2.0 | 2.4 | 3.2 | 3.0 | 3.2 | |
| Diluted EPS ($) | 5.22 | 6.17 | 8.25 | 7.76 | 8.40 | |
| Diluted shares (M) | 382 | 382 | 384 | 386 | 382 |
| $B | FY22 | FY23 | FY24 | FY25 | |
|---|---|---|---|---|---|
| Cash & equivalents | 1.8 | 3.0 | 3.7 | 4.0 | |
| ST investments | 0.1 | 0.1 | 0.8 | 0.1 | |
| Receivables (net) | 3.6 | 3.8 | 4.0 | 4.0 | |
| Total current assets | 10.3 | 12.5 | 14.8 | 14.8 | |
| PP&E (net) | 3.4 | 3.7 | 4.0 | 3.9 | |
| Goodwill + intangibles | 19.8 | 19.8 | 20.2 | 25.0 | |
| Total assets | 36.9 | 39.9 | 43.0 | 47.8 | |
| Accounts payable | 1.4 | 1.5 | 1.7 | 0.0 | |
| Short-term debt | 1.3 | 2.2 | 1.6 | 0.0 | |
| Deferred revenue | 0.0 | 0.0 | 0.0 | 0.0 | |
| Total current liabilities | 6.3 | 7.9 | 7.6 | 7.8 | |
| Long-term debt | 11.9 | 10.9 | 12.2 | 14.9 | |
| Total liabilities | 20.3 | 21.3 | 22.3 | 25.4 | |
| Shareholders' equity | 16.6 | 18.6 | 20.6 | 22.4 |
| $B | FY22 | FY23 | FY24 | FY25 | |
|---|---|---|---|---|---|
| Net income | 2.4 | 3.2 | 3.0 | 3.2 | |
| D&A | 1.0 | 1.0 | 1.1 | 1.2 | |
| Stock-based compensation | 0.2 | 0.2 | 0.2 | 0.2 | |
| Working capital change | (0.7) | (0.5) | (0.7) | (0.4) | |
| Operating cash flow | 2.6 | 3.7 | 4.2 | 5.0 | |
| Capital expenditures | (0.6) | (0.6) | (0.8) | (0.8) | |
| Investing cash flow | (2.9) | (1.0) | (3.0) | (4.9) | |
| Buybacks | (0.1) | (0.2) | (0.2) | 0.0 | |
| Dividends paid | (1.1) | (1.1) | (1.2) | (1.3) | |
| Debt issuance / (repay) | 0.5 | (0.3) | 0.9 | 1.6 | |
| Financing cash flow | (0.7) | (1.6) | (0.5) | 0.1 | |
| Free cash flow | 2.0 | 3.1 | 3.5 | 4.3 |
| Ratio | FY21 | FY22 | FY23 | FY24 | FY25 | TTM | Trend |
|---|---|---|---|---|---|---|---|
| PROFITABILITY | |||||||
| ROE | 14.3% | 15.0% | 18.0% | 15.3% | 15.1% | 16% | |
| ROA | 5.8% | 6.6% | 8.2% | 7.2% | 7.1% | 7.8% | |
| ROIC | 12.9% | 11.6% | 12.9% | 14.3% | 12.2% | 9.8% | |
| Gross margin | 62.6% | 59.8% | 61.0% | 61.9% | 64.0% | 65.2% | |
| Operating margin | 22.0% | 20.2% | 20.9% | 22.4% | 19.5% | 22.0% | |
| Net margin | 11.7% | 12.8% | 15.4% | 13.2% | 12.9% | 14.4% | |
| EBITDA margin | 21.1% | 21.8% | 24.7% | 21.9% | 25.1% | 25.9% | |
| FCF margin | 16.0% | 11.0% | 15.3% | 15.4% | 17.1% | — | |
| VALUATION | |||||||
| P/E | 49.35 | 38.60 | 35.75 | 46.14 | 41.85 | 30.3 | |
| P/B | 6.61 | 5.48 | 6.09 | 6.69 | 6.06 | 4.7 | |
| P/S | 5.75 | 4.93 | 5.52 | 6.11 | 5.41 | 4.37 | |
| P/FCF | 35.94 | 44.70 | 36.08 | 39.60 | 31.72 | 24.0 | |
| EV/EBITDA | 30.04 | 27.88 | 26.29 | 32.52 | 24.85 | 18.6 | |
| EV/Revenue | 6.33 | 5.56 | 6.03 | 6.54 | 5.84 | 4.8 | |
| Earnings yield | 2.0% | 2.6% | 2.8% | 2.2% | 2.4% | 3.30% | |
| FCF yield | 2.8% | 2.2% | 2.8% | 2.5% | 3.2% | 4.16% | |
| Ratio | FY21 | FY22 | FY23 | FY24 | FY25 | TTM | Trend |
|---|---|---|---|---|---|---|---|
| LEVERAGE & SOLVENCY | |||||||
| Current ratio | 2.20 | 1.63 | 1.58 | 1.95 | 1.89 | 2.16 | |
| Quick ratio | 1.47 | 1.00 | 0.97 | 1.32 | 1.21 | 1.33 | |
| Debt / equity | 0.87 | 0.81 | 0.73 | 0.68 | 0.66 | 0.62 | |
| Debt / assets | 37.3% | 36.7% | 33.8% | 32.9% | 31.1% | 31.2% | |
| Net debt / EBITDA | 2.74 | 3.15 | 2.22 | 2.12 | 1.82 | 1.73 | |
| Interest coverage | — | — | — | — | 6.72 | — | |
| Ratio | FY21 | FY22 | FY23 | FY24 | FY25 | TTM | Trend |
|---|---|---|---|---|---|---|---|
| EFFICIENCY | |||||||
| Asset turnover | 0.50 | 0.52 | 0.53 | 0.55 | 0.55 | 0.54 | |
| Receivables turnover | 5.98 | 5.60 | 5.59 | 5.83 | 6.26 | 6.9 | |
| DSO (days) | 61 | 65 | 65 | 63 | 58 | 53 | |
| DPO (days) | 55 | 62 | 67 | 67 | 33 | 67 | |
| Cash conversion cycle | 198 | 182 | 200 | 197 | 226 | 209 | |
| GROWTH (YoY) | |||||||
| Revenue growth | 19.2% | 7.8% | 11.1% | 10.2% | 11.2% | — | |
| Net income growth | 24.7% | 18.3% | 34.2% | -5.4% | 8.5% | — | |
| EPS growth | 24.2% | 18.4% | 33.7% | -6.0% | 8.3% | — | |
| FCF growth | -1.9% | -25.6% | 54.0% | 11.2% | 22.8% | — | |
| PER SHARE ($) | |||||||
| EPS (diluted, TTM) | 5.21 | 6.17 | 8.24 | 7.75 | 8.40 | 9.72 | |
| Book value / share | 38.87 | 43.46 | 48.43 | 53.44 | 58.01 | 62.55 | |
| Revenue / share | 44.70 | 48.26 | 53.39 | 58.52 | 64.98 | 67.37 | |
| FCF / share | 7.15 | 5.33 | 8.17 | 9.03 | 11.08 | 12.26 | |
| Cash / share | 7.89 | 5.04 | 7.95 | 11.64 | 10.61 | 9.06 | |
| SHAREHOLDER RETURN & SCORES | |||||||
| Buyback yield | 0.1% | 0.1% | 0.1% | 0.1% | 0.1% | 0.13% | |
| Altman Z-Score | 4.47 | 4.12 | 4.73 | 5.31 | 4.23 | 4.6 | |
| Piotroski F-Score | 8 | 7 | 7 | 7 | 7 | 8/9 | |
| Beneish M-Score | -2.56 | -2.29 | -2.51 | -2.56 | -2.60 | -2.74 | |
| Model | Score | Zone | Note |
|---|---|---|---|
| Piotroski F-Score | 8 / 9 | Strong | |
| Altman Z-Score | 4.6 | Safe (>2.99) | Safe |
| Income quality | 1.48 | Cash-backed | OCF ÷ net income |
| Beneish M-Score | -2.74 | Non-manipulator | vs −2.22 threshold |
| DuPont Decomposition (TTM) | Value |
|---|---|
| Tax burden | 0.72 |
| Interest burden | 0.95 |
| Operating margin | 21.1% |
| Asset turnover | 0.55× |
| Financial leverage | 2.09× |
| = ROE | 17% |
| Growth Quality (live) | Value |
|---|---|
| Revenue stability | 0.99 |
| Earnings stability | 0.81 |
| Earnings persistence | 0.89 |
| Revenue CAGR 3y | 9.9% |
| EPS CAGR 3y | 11.0% |
| FCF CAGR 3y | 24.8% |
| Company | Mkt cap | P/E | ROE | Net margin | Rev growth | Piotroski | 1-yr ret |
|---|---|---|---|---|---|---|---|
| MDT | $121.2B | 23.2 | 11% | 15.1% | +9.8% | 9/9 | +3.0% |
| ABT | $181.5B | 33.7 | 11% | 7.4% | +8.1% | 5/9 | -17.8% |
| BSX | $64.3B | 17.9 | 15% | 16.7% | +13.5% | 8/9 | -54.6% |
| EW | $49.9B | 49.8 | 9% | 13.9% | +14.6% | 6/9 | +19.2% |
| DXCM | $32.5B | 33.2 | 38% | 19.0% | +15.5% | 9/9 | — |
| ZBH | $18.1B | 23.0 | 6% | 9.1% | +8.6% | 6/9 | — |
| PEN | $12.6B | 78.4 | 11% | 8.9% | +17.6% | 6/9 | — |
| SNN | $12.2B | 19.0 | 22% | 9.8% | +11.5% | 8/9 | — |
| Consensus estimates | Revenue mean | High / Low | EPS mean | High / Low | # EPS est. |
|---|---|---|---|---|---|
| FY2026 | $27.18B | $27.39B / $26.91B | $14.96 | $15.06 / $14.90 | 16 |
| FY2027 | $29.53B | $29.93B / $28.70B | $16.68 | $17.15 / $16.12 | 16 |
| FY2028 | $31.86B | $32.49B / $31.16B | $18.59 | $19.39 / $17.41 | 8 |
| Window | Avg Target | vs. Price | # Targets |
|---|---|---|---|
| Last Month | $332.75 | +12.9% | 4 |
| Last Quarter | $357.83 | +21.4% | 12 |
| Last Year | $387.73 | +31.6% | 41 |
| All Time | $356.11 | +20.9% | 97 |
| Moving Average | Value | Distance | % Distance | Signal |
|---|---|---|---|---|
| SMA 20 | $278.22 | +16.44 | +5.91% | Above |
| SMA 50 | $299.75 | -5.09 | -1.70% | Below |
| SMA 200 | $326.51 | -31.85 | -9.75% | Below |
| EMA 9 | $284.77 | +9.89 | +3.47% | Above |
| EMA 21 | $283.67 | +10.99 | +3.87% | Above |
| EMA 50 | $293.85 | +0.81 | +0.28% | Above |
| EMA 200 | $321.75 | -27.09 | -8.42% | Below |
| Level | Value | Level | Value |
|---|---|---|---|
| Pivot / R1 / R2 | $291.26 / $295.96 / $298.70 | S1 / S2 | $288.52 / $283.82 |
| Bollinger (20,2) | $265.05 – $291.39 | Squeeze | Off |
| 52-wk range | $267.00 – $392.55 | Off 52-wk high | -24.9% |
| ATR (14) | $8.02 (2.7%) | Historical vol | 24.9% |
| Computed from live weekly prices | SYK | S&P 500 |
|---|---|---|
| Weekly volatility (σ, 1y) | 4.55% | 1.83% |
| Best / worst week (1y) | +13.9% / -13.5% | — |
| Max drawdown (5y, monthly) | -37.9% | — |
| 1-week VaR (95%) | -9.4% | — |
| Beta (5y) | 0.77 | 1.00 |
| Reading | SYK | Medical - Devices n=524 | Healthcare n=5,272 | All US symbols n=70,435 |
|---|---|---|---|---|
| Overall | -4.3 | -20.2 | -24.0 | -20.5 |
| Trend | -38.2 | -22.1 | -25.6 | -21.3 |
| Momentum | +48.0 | -22.0 | -28.5 | -15.8 |
| Volume | +35.8 | -5.0 | -25.0 | -3.8 |
| Executive | Total comp | Structure |
|---|---|---|
| Kevin A. Lobo Chair, Chief Executive Officer | $21.4M | 56% equity+incentive |
| Spencer S. Stiles Group President, Orthopaed | $6.3M | 54% equity+incentive |
| J. Andrew Pierce Group President, MedSurg an | $6.3M | 54% equity+incentive |
| Preston W. Wells Vice President, Chief Finan | $4.4M | 53% equity+incentive |
| Viju S. Menon Group President, Global Qualit | $4.2M | 53% equity+incentive |
| Pillar (live disclosure scores) | Score |
|---|---|
| Environmental | 67 |
| Social | 58 |
| Governance | 64 |
| Composite ESG | 63 |
| Filed | 8-K contents | Items |
|---|---|---|
| 2026-10-06 | Officer/Director Change; Regulation FD; Exhibits | 5.02,7.01,9.01 |
| 2026-07-30 | Earnings Release; Exhibits | 2.02,9.01 |
| 2026-06-26 | Other Events; Exhibits | 8.01,9.01 |
| 2026-05-20 | Officer/Director Change; Exhibits | 5.02,9.01 |
| 2026-05-08 | Shareholder Vote | 5.07 |
| 2026-04-30 | Earnings Release; Exhibits | 2.02,9.01 |
| 2026-04-09 | Regulation FD | 7.01 |
| 2026-03-23 | Regulation FD; Exhibits | 7.01,9.01 |
Methodology. Every figure originates in InsiderStreet's production data layer and is computed deterministically by the same engines that power insiderstreet.ai. This factsheet contains no model-written text. Sections without underlying data are omitted rather than estimated.
| Data domain | Source | Coverage for this report |
|---|---|---|
| Price & volume | market_db.historical_prices | 52 rows |
| Fundamentals | income_statements_annual | 6 rows · 2020 to 2025 |
| Reported vs consensus | fact/earnings_calendar | 24 rows · 2020-10-29 to 2026-07-30 |
| Analyst estimates | dim/forward_estimates | 3 rows · 2026-12-31 to 2028-12-31 |
| Institutional ownership (13F) | holdings_db.institutional_ownership_summary | 114 rows · 1998 to 2026 |
| Insider transactions (Form 4) | edgar/form4 | 12 rows · 2026-08-19 to 2026-09-24 |
| Proposed sales (Form 144) | edgar/form144 | 1 record |
| Beneficial ownership (13D/G) | edgar/13dg | 4 rows · 2026-02-11 to 2026-04-30 |
| Short-sale volume (FINRA) | edgar/short_volume_daily | 60 rows · 2026-07-23 to 2026-10-15 |
| Dark pool (ATS, tier 1) | edgar/darkpool_weekly | 12 rows · 2026-06-15 to 2026-08-31 |
| ETF & fund holding | etf_holdings_changelog (30d) | 1 record |
| Peer set | stock_peers_dynamic | 8 rows |
| Industry medians | industry_medians | 1 record |
| Congressional trades | congress_db (House + Senate) | 1 record |
| ESG | fact/esg_disclosures | 1 record |
Method. Every figure in this factsheet is looked up from a named field computed in code. It contains no model-written text.
Not covered. Short interest as a percent of float and days-to-cover are not in this data set — the short-sale figures above are FINRA volume, a flow, and cannot support squeeze or covering analysis. Options positioning and intraday data are also absent. 13F ownership is filed 45 days after quarter end and congressional trades are disclosed on a lag, so both describe a past position, not a current one.