Bath Savings Trust Co buys $7,071,120 stake in Stryker Corporation (SYK)

Stryker Corporation (SYK) : Bath Savings Trust Co scooped up 5,005 additional shares in Stryker Corporation during the most recent quarter end , the firm said in a disclosure report filed with the SEC on Apr 13, 2016. The investment management firm now holds a total of 64,400 shares of Stryker Corporation which is valued at $7,071,120.Stryker Corporation makes up approximately 2.26% of Bath Savings Trust Co’s portfolio.

Stryker Corporation opened for trading at $109.76 and hit $110.52 on the upside on Monday, eventually ending the session at $110.39, with a gain of 0.54% or 0.59 points. The heightened volatility saw the trading volume jump to 10,39,660 shares. Company has a market cap of $41,174 M.

Other Hedge Funds, Including , Carnegie Capital Asset Management boosted its stake in SYK in the latest quarter, The investment management firm added 880 additional shares and now holds a total of 31,025 shares of Stryker Corporation which is valued at $3,406,545. Stryker Corporation makes up approx 0.52% of Carnegie Capital Asset Management’s portfolio.Marshwinds Advisory Co reduced its stake in SYK by selling 125 shares or 0.83% in the most recent quarter. The Hedge Fund company now holds 15,000 shares of SYK which is valued at $1,623,750. Stryker Corporation makes up approx 0.83% of Marshwinds Advisory Co’s portfolio.Lvm Capital Management Ltdmi reduced its stake in SYK by selling 3,075 shares or 9.87% in the most recent quarter. The Hedge Fund company now holds 28,075 shares of SYK which is valued at $3,039,119. Stryker Corporation makes up approx 0.97% of Lvm Capital Management Ltdmi’s portfolio.

On the company’s financial health, Stryker Corporation reported $1.56 EPS for the quarter, beating the analyst consensus estimate by $ 0.01 according to the earnings call on Jan 26, 2016. Analyst had a consensus of $1.55. The company had revenue of $2715.00 million for the quarter, compared to analysts expectations of $2714.84 million. The company’s revenue was up 3.7% compared to the same quarter last year. During the same quarter in the previous year, the company posted $1.44 EPS.

Many Wall Street Analysts have commented on Stryker Corporation. Company shares were Downgraded by Robert W. Baird on Apr 13, 2016 to ” Neutral”, Firm has raised the Price Target to $ 116 from a previous price target of $111 .Barclays Resumed Stryker Corporation on Apr 11, 2016 to “Underweight”, Price Target of the shares are set at $107.Stryker Corporation was Initiated by Nomura to “Neutral” on Mar 17, 2016.

Stryker Corporation is a medical technology company. The Company offers a range of products and services in Orthopaedics Medical and Surgical and Neurotechnology and Spine which help improve patient and hospital outcomes.

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