5 Best Robotics Stocks for 2021

3. Stryker Corporation (NYSE: SYK)

Stryker Corporation (NYSE: SYK) is a Michigan-based medical technologies company. The robotics section of the company develops different types of robots for use in health-related matters, including robotic surgery. The Mako smart robotic line of the company offers arm-assisted surgeries, knee medicals, and total hip processing. The smart robots also offer data analytics and a dedicated team from the firm works with the professionals to verify and review the data for better insights. 

The company has a market cap of over $95 billion and posted more than $14.3 billion in revenue in December 2020. Global investment bank Citi earlier this month unveiled positive insights into the healthcare equipment market, citing increased surgeries amid the rollout of COVID-19 vaccinations as one possible reason the market would grow in the coming months. Stryker was given a Buy rating and picked as the highest conviction stock for Q2 2021.

At the end of quarter Q4 2020, 44 hedge funds out of 887 in the Insider Monkey database held stakes in Stryker Corporation, down from 48 out of 817 in Q3 2020. The total value of the shares held by these hedge funds in Q4 2020 was over $3.2 billion, up from 1.7 billion in the preceding quarter. Out of the hedge funds being tracked by Insider Monkey, London-based investment management firm Fundsmith held the most shares – 6,634,893 – worth $1.6 billion. Fisher Asset Management was 2nd with 2,574,059 shares worth more than $630million.