Associated Banc Corp lifted its stake in Stryker Co. (NYSE:SYK) by 14.4% in the 1st quarter, Holdings Channel reports. The firm owned 30,036 shares of the medical technology company’s stock after purchasing an additional 3,770 shares during the period. Associated Banc Corp’s holdings in Stryker were worth $5,933,000 at the end of the most recent reporting period.

Several other large investors also recently bought and sold shares of SYK. ERTS Wealth Advisors LLC acquired a new stake in Stryker during the fourth quarter worth $25,000. Farmers National Bank acquired a new stake in Stryker during the first quarter worth $25,000. Northwest Wealth Management LLC increased its stake in Stryker by 103.6% during the fourth quarter. Northwest Wealth Management LLC now owns 169 shares of the medical technology company’s stock worth $26,000 after acquiring an additional 86 shares during the last quarter. Semmax Financial Advisors Inc. acquired a new stake in Stryker during the fourth quarter worth $28,000. Finally, Horan Securities Inc. purchased a new position in shares of Stryker during the fourth quarter worth $30,000. 74.71% of the stock is owned by hedge funds and other institutional investors.

Several research analysts have recently commented on the company. Wells Fargo & Co raised their price target on Stryker from $214.00 to $219.00 and gave the stock an “outperform” rating in a research report on Monday, April 1st. Zacks Investment Research lowered Stryker from a “buy” rating to a “hold” rating in a research report on Friday, April 12th. BTIG Research raised their price target on Stryker to $211.00 and gave the stock a “buy” rating in a research report on Monday, March 18th. Barclays raised their price target on Stryker from $203.00 to $211.00 and gave the stock an “overweight” rating in a research report on Monday, April 15th. Finally, JPMorgan Chase & Co. raised their price target on Stryker from $200.00 to $215.00 and gave the stock an “overweight” rating in a research report on Tuesday, March 19th. Six research analysts have rated the stock with a hold rating and seventeen have given a buy rating to the company’s stock. The company presently has an average rating of “Buy” and a consensus target price of $196.85.

In related news, VP Yin C. Becker sold 15,240 shares of Stryker stock in a transaction on Thursday, March 21st. The stock was sold at an average price of $198.03, for a total value of $3,017,977.20. Following the completion of the transaction, the vice president now directly owns 16,577 shares in the company, valued at $3,282,743.31. The transaction was disclosed in a document filed with the SEC, which is available at the SEC website. Also, insider Timothy J. Scannell sold 4,666 shares of Stryker stock in a transaction on Thursday, May 16th. The shares were sold at an average price of $186.71, for a total value of $871,188.86. The disclosure for this sale can be found here. Over the last quarter, insiders sold 116,216 shares of company stock valued at $22,245,359. 7.20% of the stock is currently owned by company insiders.

NYSE:SYK opened at $184.14 on Monday. The firm has a market capitalization of $68.70 billion, a P/E ratio of 25.19, a P/E/G ratio of 2.24 and a beta of 0.84. Stryker Co. has a 12-month low of $144.75 and a 12-month high of $199.85. The company has a quick ratio of 1.30, a current ratio of 2.12 and a debt-to-equity ratio of 0.68.

Stryker (NYSE:SYK) last released its earnings results on Tuesday, April 23rd. The medical technology company reported $1.88 earnings per share (EPS) for the quarter, beating the Zacks’ consensus estimate of $1.84 by $0.04. The firm had revenue of $3.52 billion during the quarter, compared to analyst estimates of $3.51 billion. Stryker had a return on equity of 26.72% and a net margin of 25.38%. Stryker’s revenue was up 8.5% compared to the same quarter last year. During the same period last year, the business posted $1.68 earnings per share. Equities research analysts predict that Stryker Co. will post 8.15 earnings per share for the current year.

The business also recently announced a quarterly dividend, which will be paid on Wednesday, July 31st. Investors of record on Friday, June 28th will be issued a $0.52 dividend. The ex-dividend date is Thursday, June 27th. This represents a $2.08 dividend on an annualized basis and a yield of 1.13%. Stryker’s dividend payout ratio (DPR) is presently 28.45%.

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Stryker Company Profile

Stryker Corporation operates as a medical technology company. The company operates through three segments: Orthopaedics, MedSurg, and Neurotechnology and Spine. The Orthopaedics segment provides implants for use in hip and knee joint replacements, and trauma and extremities surgeries. The MedSurg segment offers surgical equipment and surgical navigation systems, endoscopic and communications systems, patient handling, emergency medical equipment and intensive care disposable products, reprocessed and remanufactured medical devices, and other medical devices for use in various medical specialties.

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Institutional Ownership by Quarter for Stryker (NYSE:SYK)

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