Robert S. Fletcher, VP and Chief Legal Officer at Stryker Corp (NYSE:SYK), sold 4,544 shares of common stock on May 28, 2026.
The transactions totaled $1,394,409, with prices ranging from $304.225 to $310.22 per share. The sales were conducted under a Rule 10b5-1 trading plan adopted on February 26, 2026.
The insider sale comes as Stryker, with a $117.7 billion market cap, trades below its Bond.az Fair Value. The healthcare equipment giant has paid dividends for 36 consecutive years.
Following the sale, Fletcher directly holds 10,582 shares. He also indirectly holds 183 shares through a 401(k) plan.
In other news, Stryker's Q1 2026 earnings missed forecasts due to a cyber incident. EPS came in at $2.60 vs. expected $2.98, revenue at $6 billion vs. $6.34 billion. Still, Stryker reaffirmed 2026 guidance.
Argus lowered its price target from $435 to $350 but maintained a Buy rating. Shareholders re-elected all ten board members and approved a $0.88 quarterly dividend, a 4.8% increase, payable July 31, 2026.
