Zimmer Biomet
About: Zimmer Biomet designs, manufactures, and markets orthopedic reconstructive implants as well as supplies and surgical equipment for orthopedic surgery. With the acquisitions of Centerpulse in 2003 and Biomet in 2015, Zimmer holds the leading share of the reconstructive market in the United States, Europe, and Japan. Roughly two thirds of total revenue is derived from sales of large joints; another fourth comes from extremities, trauma, sports medicine, and related surgical products. The firm spun out its dental and spine businesses in 2022.
Employees: 18,000
Fund manager confidence
Based on 2024 Q2 SEC filings by fund managers ($100M+ AUM)
0% less funds holding
Funds holding: 993 [Q1] → 990 (-3) [Q2]
3% less first-time investments, than exits
New positions opened: 92 | Existing positions closed: 95
2.51% less ownership
Funds ownership: 94.04% [Q1] → 91.52% (-2.51%) [Q2]
11% less funds holding in top 10
Funds holding in top 10: 9 [Q1] → 8 (-1) [Q2]
17% less capital invested
Capital invested by funds: $24.7B [Q1] → $20.4B (-$4.28B) [Q2]
25% less repeat investments, than reductions
Existing positions increased: 300 | Existing positions reduced: 399
38% less call options, than puts
Call options by funds: $45.4M | Put options by funds: $73.6M
Research analyst outlook
15 Wall Street Analysts provided 1 year price targets over the past 3 months
15 analyst ratings
RBC Capital Shagun Singh 56% 1-year accuracy 44 / 78 met price target | 14%upside $125 | Outperform Maintained | 4 Nov 2024 |
Truist Securities Richard Newitter 72% 1-year accuracy 34 / 47 met price target | 6%upside $117 | Hold Maintained | 1 Nov 2024 |
Wells Fargo Larry Biegelsen 62% 1-year accuracy 26 / 42 met price target | 6%upside $117 | Equal-Weight Maintained | 31 Oct 2024 |
Oppenheimer Steven Lichtman 63% 1-year accuracy 12 / 19 met price target | 23%upside $135 | Outperform Maintained | 15 Oct 2024 |
Raymond James Jayson Bedford 63% 1-year accuracy 19 / 30 met price target | 12%upside $123 | Outperform Maintained | 14 Oct 2024 |
Financial journalist opinion
Based on 14 articles about ZBH published over the past 30 days