12 Best Automation Stocks To Buy According to Hedge Funds

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3. Stryker Corporation (NYSE:SYK)

No. of Hedge Fund Holders: 55

Stryker Corporation (NYSE:SYK) is a leading medical technology company that provides products and services in Medical and Surgical, Neurotechnology, Orthopedics, and Spine. The company has its robotic arm, Mako, which makes spinal and knee devices, among other medical devices. The company specializes in soft tissue fixation products and delivers AI-assisted virtual care workflows. Stryker also assists surgeons in visualizing and reviewing patients via Apple Vision Pro.

The demand for Stryker Corporation’s  (NYSE:SYK) Mako robotic-assisted surgery systems continues to increase, with record installations in the U.S. and globally during Q4 2024. The company posted notable organic sales growth, surpassing 10% year-over-year for both Q4 and the full-year 2024. The company recorded a 16% year-over-year increase in adjusted EPS for Q4 and 15% earnings growth for the full year compared to 2023. The company completed seven acquisitions in 2024, strengthening its market position and adding to its strong financial performance. The acquisition of Inari Medical expands Stryker’s presence in the fast-growing peripheral vascular market.

Stryker Corporation (NYSE:SYK) continues strengthening its market position in medical automation. For FY2025, the company projects its organic sales to grow between 8% and 9% from 2024 and expects adjusted earnings between $13.45 to $13.70 per share, compared to adjusted EPS of $12.19 in 2024.

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