Stryker Corporation (SYK) : St. Johns Investment Management Company reduced its stake in Stryker Corporation by 0.06% during the most recent quarter end. The investment management company now holds a total of 10,087 shares of Stryker Corporation which is valued at $1,234,245 after selling 6 shares in Stryker Corporation , the firm said in a disclosure report filed with the SEC on Jul 19, 2016.Stryker Corporation makes up approximately 1.08% of St. Johns Investment Management Company’s portfolio.
Other Hedge Funds, Including , First National Bank Of Omaha reduced its stake in SYK by selling 134 shares or 1.39% in the most recent quarter. The Hedge Fund company now holds 9,500 shares of SYK which is valued at $1,162,420. Stryker Corporation makes up approx 0.09% of First National Bank Of Omaha’s portfolio. Gvo Asset Management Ltd added SYK to its portfolio by purchasing 23,250 company shares during the most recent quarter which is valued at $2,827,665. Stryker Corporation makes up approx 0.32% of Gvo Asset Management Ltd’s portfolio.Alpha Windward reduced its stake in SYK by selling 273 shares or 11.37% in the most recent quarter. The Hedge Fund company now holds 2,128 shares of SYK which is valued at $260,233. Stryker Corporation makes up approx 0.19% of Alpha Windward’s portfolio.
Stryker Corporation opened for trading at $122.3 and hit $122.65 on the upside on Wednesday, eventually ending the session at $122.36, with a gain of 0.49% or 0.6 points. The heightened volatility saw the trading volume jump to 12,97,449 shares. Company has a market cap of $45,760 M.
On the company’s financial health, Stryker Corporation reported $1.24 EPS for the quarter, beating the analyst consensus estimate by $ 0.04 according to the earnings call on Apr 20, 2016. Analyst had a consensus of $1.20. The company had revenue of $2495.00 million for the quarter, compared to analysts expectations of $2471.86 million. The company’s revenue was up 4.9% compared to the same quarter last year. During the same quarter in the previous year, the company posted $1.11 EPS.
Many Wall Street Analysts have commented on Stryker Corporation. Stryker Corporation was Initiated by Guggenheim to “Buy” on Jun 9, 2016. Stryker Corporation was Upgraded by Sterne Agee CRT to ” Buy” on Apr 27, 2016. Company shares were Reiterated by RBC Capital Mkts on Apr 26, 2016 to “Outperform”, Firm has raised the Price Target to $ 120 from a previous price target of $108 .
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.