Timber Hill LLC bought a new position in Smith & Nephew plc (NYSE:SNN) during the first quarter, according to its most recent disclosure with the SEC. The fund bought 8,057 shares of the medical equipment provider’s stock, valued at approximately $249,000.

Several other institutional investors also recently made changes to their positions in SNN. Portland Global Advisors LLC boosted its position in shares of Smith & Nephew plc by 2.0% in the first quarter. Portland Global Advisors LLC now owns 42,794 shares of the medical equipment provider’s stock worth $1,324,000 after buying an additional 823 shares during the period. Comerica Bank boosted its position in shares of Smith & Nephew plc by 2.0% in the fourth quarter. Comerica Bank now owns 31,542 shares of the medical equipment provider’s stock worth $966,000 after buying an additional 608 shares during the period. Rikoon Group LLC bought a new position in shares of Smith & Nephew plc during the third quarter worth approximately $1,347,000. BB&T Corp boosted its position in shares of Smith & Nephew plc by 4.3% in the first quarter. BB&T Corp now owns 79,804 shares of the medical equipment provider’s stock worth $2,468,000 after buying an additional 3,299 shares during the period. Finally, Capstone Asset Management Co. boosted its position in shares of Smith & Nephew plc by 13.6% in the first quarter. Capstone Asset Management Co. now owns 252,310 shares of the medical equipment provider’s stock worth $7,804,000 after buying an additional 30,160 shares during the period. Hedge funds and other institutional investors own 6.14% of the company’s stock.

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

Shares of Smith & Nephew plc (NYSE:SNN) traded up 1.40% during midday trading on Friday, hitting $34.73. The company had a trading volume of 684,368 shares. The company has a market capitalization of $15.18 billion, a PE ratio of 19.78 and a beta of 0.80. Smith & Nephew plc has a 12 month low of $26.97 and a 12 month high of $35.38. The company has a 50-day moving average of $32.76 and a 200-day moving average of $30.60.

The firm also recently disclosed a semiannual dividend, which was paid on Wednesday, May 10th. Investors of record on Friday, March 31st were given a $0.37 dividend. The ex-dividend date was Wednesday, March 29th. This represents a yield of 2.42%.

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A number of equities analysts have recently commented on SNN shares. HSBC Holdings plc started coverage on Smith & Nephew plc in a report on Thursday, January 19th. They issued a “hold” rating for the company. Goldman Sachs Group Inc lowered Smith & Nephew plc from a “buy” rating to a “neutral” rating in a research note on Monday, February 27th. Zacks Investment Research raised Smith & Nephew plc from a “strong sell” rating to a “hold” rating in a research note on Wednesday, April 12th. Finally, Berenberg Bank reissued a “hold” rating on shares of Smith & Nephew plc in a research note on Wednesday, February 15th. Seven research analysts have rated the stock with a hold rating and two have issued a buy rating to the company’s stock. The stock currently has a consensus rating of “Hold” and a consensus target price of $37.00.

About Smith & Nephew plc

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.

5 Day Chart for NYSE:SNN

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