BlackRock Amends Stryker Corp. (SYK) Stake, Passive Investment Confirmed
Ticker: SYK · Form: SC 13G/A · Filed: 2024-01-29T00:00:00.000Z
Sentiment: neutral
Topics: institutional-ownership, amendment, passive-investment
Related Tickers: SYK
TL;DR
**BlackRock updated its Stryker (SYK) stake, confirming its passive investment.**
AI Summary
BlackRock Inc. filed an amended SC 13G/A on January 29, 2024, indicating its ownership of STRYKER CORP common stock as of December 31, 2023. This filing, Amendment No. 8, updates previous disclosures about BlackRock's passive investment in Stryker. This matters to investors because BlackRock is a major institutional investor, and changes in its holdings can signal shifts in confidence or investment strategy, potentially influencing other investors and the stock's price.
Why It Matters
This filing confirms BlackRock's continued significant, yet passive, ownership in Stryker, providing transparency into a major institutional investor's position.
Risk Assessment
Risk Level: low — This is a routine amendment from a large institutional investor, indicating no immediate significant risk or change in investment strategy.
Analyst Insight
Investors should note BlackRock's continued passive stake in Stryker, suggesting no immediate activist intent or major strategic shift from this large institutional holder. This filing is largely administrative, updating their position as of year-end 2023.
Key Players & Entities
- BlackRock Inc. (company) — the reporting person and institutional investor
- STRYKER CORP (company) — the subject company whose securities are being reported
- December 31, 2023 (date) — the date of the event requiring the filing
- January 29, 2024 (date) — the filing date of the SC 13G/A
- Amendment No. 8 (number) — the specific amendment number of this filing
FAQ
What type of filing is this document?
This document is an SC 13G/A, which is an amendment to a Schedule 13G, as stated in the 'FORM TYPE: SC 13G/A' section and 'SCHEDULE 13G Under the Securities Exchange Act of 1934 (Amendment No: 8)'.
Who is the reporting person in this filing?
The reporting person is BlackRock Inc., as indicated under 'FILED BY: COMPANY DATA: COMPANY CONFORMED NAME: BlackRock Inc.'.
What is the subject company whose shares are being reported?
The subject company is STRYKER CORP, as stated under 'SUBJECT COMPANY: COMPANY DATA: COMPANY CONFORMED NAME: STRYKER CORP' and 'STRYKER CORPORATION (Name of Issuer)'.
What was the 'Date of Event Which Requires Filing of this Statement'?
The date of the event which requires filing of this statement was December 31, 2023, as explicitly stated in the filing.
Under which rule is this Schedule 13G filed?
This Schedule 13G is filed under Rule 13d-1(b), indicated by '[X] Rule 13d-1(b)' on the cover page.
From the Filing
EDGAR Filing Documents for 0001086364-24-005194 This page uses Javascript. Your browser either doesn't support Javascript or you have it turned off. To see this page as it is meant to appear please use a Javascript enabled browser. SEC.gov EDGAR Latest Filings Filings search tools Filing Detail SEC Home Company Search Current Page Form SC 13G/A - Statement of Beneficial Ownership by Certain Investors: [Amend] SEC Accession No. 0001086364-24-005194 Filing Date 2024-01-29 Accepted 2024-01-29 15:26:29 Documents 1 Document Format Files Seq Description Document Type Size 1 us8636671013_012924.txt SC 13G/A 11961 Complete submission text file 0001086364-24-005194.txt 13766 Mailing Address 2825 AIRVIEW BLVD KALAMAZOO MI 49002 Business Address 2825 AIRVIEW BLVD KALAMAZOO MI 49002 2693892600 STRYKER CORP (Subject) CIK : 0000310764 (see all company filings) EIN. : 381239739 | State of Incorp.: MI | Fiscal Year End: 1231 Type: SC 13G/A | Act: 34 | File No.: 005-31990 | Film No.: 24573197 SIC : 3841 Surgical & Medical Instruments & Apparatus (CF Office: 08 Industrial Applications and Services) Mailing Address 50 HUDSON YARDS NEW YORK NY 10001 Business Address 50 HUDSON YARDS NEW YORK NY 10001 212-810-5300 BlackRock Inc. (Filed by) CIK : 0001364742 (see all company filings) EIN. : 320174431 | State of Incorp.: DE | Fiscal Year End: 1231 Type: SC 13G/A SIC : 6211 Security Brokers, Dealers & Flotation Companies (CF Office: 02 Finance)