Stryker slides as Q1 results miss expectations despite reaffirmed full-year outlook

Stryker (SYK) is down 3.1% today. Here is some analysis on what might have caused this price movement.

Analysis: The move appears tied to Stryker’s first-quarter 2026 earnings update, where results came in below Wall Street expectations and margins contracted, even as the company reiterated its full-year outlook. Investors may also be weighing the operational and cash-flow impacts discussed around a March 2026 cybersecurity incident.

Details:

Stryker reported first-quarter 2026 operating results that missed consensus expectations for revenue and profit, which can pressure shares even when the long-term story is intact.

The company indicated profitability was impacted by margin pressure in the quarter (including contraction in adjusted operating margin), which may have outweighed the benefit of continued sales growth.

Management reiterated its commitment to full-year guidance for organic sales growth and adjusted EPS, suggesting the outlook was not raised enough to offset the quarterly miss.

On its earnings call materials, Stryker referenced a March 2026 cybersecurity incident affecting operations and working capital timing, which may have added to near-term caution.

Sources:

SEC, Stryker Investor Relations, Reuters

Disclaimer: This price movement analysis was generated with the help of AI. Please double-check the information provided for mistakes.

$SYK Insider Trading Activity

$SYK insiders have traded $SYK stock on the open market 35 times in the past 6 months. Of those trades, 0 have been purchases and 35 have been sales.

Here’s a breakdown of recent trading of $SYK stock by insiders over the last 6 months:

RONDA E STRYKER has made 0 purchases and 32 sales selling 1,020,000 shares for an estimated $366,325,409.
WILLIAM E JR BERRY (VP, Chief Accounting Officer) sold 1,953 shares for an estimated $713,801
JAMES ANDREW PIERCE (Group President) sold 475 shares for an estimated $175,214
PRESTON WENDELL WELLS (VP, Chief Financial Officer) sold 165 shares for an estimated $60,370

To track insider transactions, check out Quiver Quantitative's insider trading dashboard. You can access data on insider stock transactions through the Quiver Quantitative API.

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$SYK Hedge Fund Activity

We have seen 1,005 institutional investors add shares of $SYK stock to their portfolio, and 1,070 decrease their positions in their most recent quarter.

Here are some of the largest recent moves:

UBS AM, A DISTINCT BUSINESS UNIT OF UBS ASSET MANAGEMENT AMERICAS LLC removed 5,493,352 shares (-74.6%) from their portfolio in Q4 2025, for an estimated $1,930,748,427
AUTO-OWNERS INSURANCE CO removed 2,906,448 shares (-99.7%) from their portfolio in Q1 2026, for an estimated $942,735,473
FMR LLC removed 2,163,324 shares (-42.1%) from their portfolio in Q4 2025, for an estimated $760,343,486
WELLINGTON MANAGEMENT GROUP LLP added 1,198,665 shares (+22.6%) to their portfolio in Q4 2025, for an estimated $421,294,787
SG AMERICAS SECURITIES, LLC added 958,715 shares (+169.2%) to their portfolio in Q1 2026, for an estimated $310,968,797
FUNDSMITH LLP removed 903,782 shares (-19.7%) from their portfolio in Q4 2025, for an estimated $317,652,259
PRICE T ROWE ASSOCIATES INC /MD/ removed 879,884 shares (-8.0%) from their portfolio in Q4 2025, for an estimated $309,252,829

To track hedge funds' stock portfolios, check out Quiver Quantitative's institutional holdings dashboard. You can access data on hedge funds moves and 13F filings through the Quiver Quantitative API.

$SYK Government Contracts

We have seen $45,121,795 of award payments to $SYK over the last year.

Here are some of the awards which we have have seen pay out the most over the last year:

MAKO 4 ROBOTIC SYSTEM: $3,643,551
4569335966!MAKO4-TKA-PKA-THA50: $920,000
SURGICAL INSTRUMENTS: $299,425
DELIVERY ORDER OFF OF A MANDATORY SAC CONTRACT FOR STRYKER TRAUMA HIP SURGICAL INSTRUMENTS FOR THE VA GREAT...: $298,244
FULL-SERVICE MAINTENANCE ON THE STRYKER MAKO: $250,095

To track government contracts to publicy traded companies, check out Quiver Quantitative's government contracts dashboard.

$SYK Congressional Stock Trading

Members of Congress have traded $SYK stock 4 times in the past 6 months. Of those trades, 2 have been purchases and 2 have been sales.

Here’s a breakdown of recent trading of $SYK stock by members of Congress over the last 6 months:

REPRESENTATIVE THOMAS H. KEAN, JR. has traded it 2 times. They made 0 purchases and 2 sales worth up to $100,000 on 01/23, 11/20.
REPRESENTATIVE GILBERT RAY CISNEROS, JR. has traded it 2 times. They made 2 purchases worth up to $30,000 on 12/10, 11/18 and 0 sales.

To track congressional stock trading, check out Quiver Quantitative's congressional trading dashboard. You can access data on congressional stock trades through the Quiver Quantitative API.

$SYK Analyst Ratings

Wall Street analysts have issued reports on $SYK in the last several months. We have seen 3 firms issue buy ratings on the stock, and 0 firms issue sell ratings.

Here are some recent analyst ratings:

Needham issued a "Buy" rating on 05/01/2026
BTIG issued a "Buy" rating on 05/01/2026
Wells Fargo issued a "Overweight" rating on 11/14/2025

To track analyst ratings and price targets for $SYK, check out Quiver Quantitative's $SYK forecast page.

$SYK Price Targets

Multiple analysts have issued price targets for $SYK recently. We have seen 11 analysts offer price targets for $SYK in the last 6 months, with a median target of $385.0.

Here are some recent targets:

Mike Matson from Needham set a target price of $418.0 on 05/01/2026
Ryan Zimmerman from BTIG set a target price of $379.0 on 05/01/2026
Vijay Kumar from Evercore ISI Group set a target price of $355.0 on 05/01/2026
Larry Biegelsen from Wells Fargo set a target price of $418.0 on 05/01/2026
Richard Newitter from Truist Securities set a target price of $380.0 on 04/15/2026
Mike Kratky from Leerink Partners set a target price of $410.0 on 04/13/2026
David Roman from Goldman Sachs set a target price of $357.0 on 04/09/2026

This article is not financial advice. See Quiver Quantitative's disclaimers for more information. Note that there may be inaccuracies due to mistakes in ticker-mapping, and other anomalies.