Lonny J. Carpenter Sells 5,000 Shares of Stryker Corporation (SYK) Stock
Stryker Corporation (NYSE:SYK) insider Lonny J. Carpenter sold 5,000 shares of the company’s stock in a transaction on Friday, August 4th. The stock was sold at an average price of $146.36, for a total value of $731,800.00. Following the transaction, the insider now directly owns 88,207 shares in the company, valued at $12,909,976.52. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available at this link.
Stryker Corporation (NYSE SYK) traded down 0.74% during midday trading on Friday, reaching $144.29. 1,673,285 shares of the company’s stock traded hands. Stryker Corporation has a 1-year low of $106.48 and a 1-year high of $148.84. The company has a market capitalization of $53.97 billion, a PE ratio of 32.21 and a beta of 0.80. The firm’s 50 day moving average price is $144.61 and its 200-day moving average price is $136.38.
Stryker Corporation (NYSE:SYK) last issued its earnings results on Thursday, July 27th. The medical technology company reported $1.53 earnings per share for the quarter, beating the Thomson Reuters’ consensus estimate of $1.51 by $0.02. The business had revenue of $3.01 billion for the quarter, compared to the consensus estimate of $2.98 billion. Stryker Corporation had a net margin of 14.22% and a return on equity of 24.26%. The business’s quarterly revenue was up 6.1% compared to the same quarter last year. During the same quarter in the previous year, the firm earned $1.39 earnings per share. Equities analysts expect that Stryker Corporation will post $6.50 EPS for the current year.
The company also recently announced a quarterly dividend, which will be paid on Tuesday, October 31st. Stockholders of record on Friday, September 29th will be issued a $0.425 dividend. This represents a $1.70 annualized dividend and a dividend yield of 1.18%. The ex-dividend date of this dividend is Thursday, September 28th. Stryker Corporation’s payout ratio is 37.95%.
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A number of equities analysts have recently issued reports on the company. Cowen and Company reaffirmed a “buy” rating and set a $160.00 price target (up from $150.00) on shares of Stryker Corporation in a research report on Sunday, July 30th. BidaskClub raised Stryker Corporation from a “hold” rating to a “buy” rating in a research report on Thursday. Zacks Investment Research downgraded Stryker Corporation from a “buy” rating to a “hold” rating in a research report on Thursday. Royal Bank Of Canada upped their target price on Stryker Corporation from $140.00 to $155.00 and gave the company an “outperform” rating in a research report on Friday, July 28th. Finally, Oppenheimer Holdings, Inc. set a $148.00 target price on Stryker Corporation and gave the company a “hold” rating in a research report on Friday, July 28th. Three analysts have rated the stock with a sell rating, seven have issued a hold rating and twelve have given a buy rating to the company. Stryker Corporation presently has a consensus rating of “Hold” and a consensus target price of $144.03.
Several hedge funds have recently modified their holdings of SYK. WFG Advisors LP increased its stake in shares of Stryker Corporation by 1.6% in the second quarter. WFG Advisors LP now owns 2,041 shares of the medical technology company’s stock valued at $283,000 after buying an additional 32 shares during the last quarter. Toronto Dominion Bank increased its stake in shares of Stryker Corporation by 25.8% in the second quarter. Toronto Dominion Bank now owns 105,403 shares of the medical technology company’s stock valued at $14,625,000 after buying an additional 21,585 shares during the last quarter. Cetera Investment Advisers increased its stake in shares of Stryker Corporation by 38.2% in the second quarter. Cetera Investment Advisers now owns 4,468 shares of the medical technology company’s stock valued at $617,000 after buying an additional 1,235 shares during the last quarter. EP Wealth Advisors LLC increased its stake in shares of Stryker Corporation by 2.0% in the second quarter. EP Wealth Advisors LLC now owns 93,475 shares of the medical technology company’s stock valued at $12,972,000 after buying an additional 1,868 shares during the last quarter. Finally, Advisory Services Network LLC increased its stake in shares of Stryker Corporation by 1.8% in the second quarter. Advisory Services Network LLC now owns 3,398 shares of the medical technology company’s stock valued at $472,000 after buying an additional 59 shares during the last quarter. 73.79% of the stock is currently owned by institutional investors and hedge funds.
Stryker Corporation Company Profile
Stryker Corporation is a medical technology company. The Company offers a range of medical technologies, including orthopedic, medical and surgical, and neurotechnology and spine products. The Company’s segments include Orthopaedics; MedSurg; Neurotechnology and Spine, and Corporate and Other. The Orthopaedics segment includes reconstructive (hip and knee) and trauma implant systems and other related products.
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