Hendershot Investments Lowers stake in Stryker Corporation (SYK)

Stryker Corporation (SYK) : Hendershot Investments reduced its stake in Stryker Corporation by 3.93% during the most recent quarter end. The investment management company now holds a total of 28,230 shares of Stryker Corporation which is valued at $3,241,651 after selling 1,155 shares in Stryker Corporation , the firm said in a disclosure report filed with the SEC on Jul 26, 2016.Stryker Corporation makes up approximately 1.60% of Hendershot Investments’s portfolio.

Other Hedge Funds, Including , Strs Ohio reduced its stake in SYK by selling 10,977 shares or 3.04% in the most recent quarter. The Hedge Fund company now holds 350,058 shares of SYK which is valued at $40,197,160. Stryker Corporation makes up approx 0.17% of Strs Ohio’s portfolio.New York State Teachers Retirement System reduced its stake in SYK by selling 11,021 shares or 1.97% in the most recent quarter. The Hedge Fund company now holds 549,532 shares of SYK which is valued at $64,311,730. Stryker Corporation makes up approx 0.16% of New York State Teachers Retirement System’s portfolio.Nn Investment Partners Holdings N.v. boosted its stake in SYK in the latest quarter, The investment management firm added 477,262 additional shares and now holds a total of 492,717 shares of Stryker Corporation which is valued at $60,362,760. Stryker Corporation makes up approx 0.56% of Nn Investment Partners Holdings N.v.’s portfolio.Beacon Financial Group reduced its stake in SYK by selling 400 shares or 11.83% in the most recent quarter. The Hedge Fund company now holds 2,981 shares of SYK which is valued at $365,202. Stryker Corporation makes up approx 0.08% of Beacon Financial Group’s portfolio.Exxonmobil Investment Management Inc Tx boosted its stake in SYK in the latest quarter, The investment management firm added 5,034 additional shares and now holds a total of 81,316 shares of Stryker Corporation which is valued at $9,944,134. Stryker Corporation makes up approx 0.21% of Exxonmobil Investment Management Inc Tx’s portfolio.

Stryker Corporation opened for trading at $114.97 and hit $116.62 on the upside on Friday, eventually ending the session at $116.28, with a gain of 1.15% or 1.32 points. The heightened volatility saw the trading volume jump to 14,53,717 shares. Company has a market cap of $43,524 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 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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