Jarislowsky Fraser Ltd Has $14.79 Million Stake in Smith & Nephew SNATS, Inc. (SNN)

Jarislowsky Fraser Ltd lifted its stake in Smith & Nephew SNATS, Inc. (NYSE:SNN) by 0.5% during the third quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The institutional investor owned 406,349 shares of the medical equipment provider’s stock after purchasing an additional 1,873 shares during the quarter. Jarislowsky Fraser Ltd owned about 0.09% of Smith & Nephew SNATS worth $14,791,000 as of its most recent filing with the Securities & Exchange Commission.

Other institutional investors and hedge funds also recently modified their holdings of the company. Bessemer Group Inc. boosted its position in shares of Smith & Nephew SNATS by 400.2% in the 3rd quarter. Bessemer Group Inc. now owns 2,781 shares of the medical equipment provider’s stock worth $102,000 after purchasing an additional 2,225 shares in the last quarter. Greenleaf Trust bought a new stake in shares of Smith & Nephew SNATS in the 2nd quarter worth approximately $207,000. Paloma Partners Management Co bought a new stake in shares of Smith & Nephew SNATS in the 1st quarter worth approximately $200,000. Quantbot Technologies LP boosted its position in shares of Smith & Nephew SNATS by 270.0% in the 2nd quarter. Quantbot Technologies LP now owns 7,277 shares of the medical equipment provider’s stock worth $253,000 after purchasing an additional 5,310 shares in the last quarter. Finally, The Manufacturers Life Insurance Company boosted its position in shares of Smith & Nephew SNATS by 0.9% in the 2nd quarter. The Manufacturers Life Insurance Company now owns 7,437 shares of the medical equipment provider’s stock worth $260,000 after purchasing an additional 63 shares in the last quarter. 6.45% of the stock is currently owned by hedge funds and other institutional investors.

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A number of brokerages have recently commented on SNN. Zacks Investment Research raised Smith & Nephew SNATS from a “hold” rating to a “buy” rating and set a $43.00 price target on the stock in a research report on Wednesday, October 18th. Canaccord Genuity began coverage on Smith & Nephew SNATS in a research report on Wednesday, October 11th. They issued a “buy” rating and a $42.00 price target on the stock. Finally, BidaskClub raised Smith & Nephew SNATS from a “hold” rating to a “buy” rating in a research report on Tuesday, August 1st. Four investment analysts have rated the stock with a hold rating and three have issued a buy rating to the company’s stock. Smith & Nephew SNATS has an average rating of “Hold” and an average price target of $42.50.

Smith & Nephew SNATS, Inc. (NYSE SNN) opened at $35.63 on Tuesday. Smith & Nephew SNATS, Inc. has a 12-month low of $26.97 and a 12-month high of $40.43. The company has a debt-to-equity ratio of 0.38, a current ratio of 2.18 and a quick ratio of 1.08.

The firm also recently disclosed a semiannual dividend, which was paid on Wednesday, November 1st. Investors of record on Friday, October 6th were given a $0.246 dividend. The ex-dividend date of this dividend was Thursday, October 5th. This represents a yield of 1.37%.

Smith & Nephew SNATS Company Profile

Smith & Nephew plc is a medical technology company. The Company is engaged in developing, manufacturing, marketing and selling medical devices and services. Its products and services include Sports Medicine Joint Repair, Arthroscopic Enabling Technologies (AET), Trauma & Extremities, Other Surgical Businesses, Knee Implants, Hip Implants, Advanced Wound Care, Advanced Wound Bioactives and Advanced Wound Devices.

Institutional Ownership by Quarter for Smith & Nephew SNATS (NYSE:SNN)

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