Keating Investment Counselors Inc buys $4,402,428 stake in Stryker Corporation (SYK)

Stryker Corporation (SYK) : Keating Investment Counselors Inc scooped up 460 additional shares in Stryker Corporation during the most recent quarter end , the firm said in a disclosure report filed with the SEC on Aug 3, 2016. The investment management firm now holds a total of 38,342 shares of Stryker Corporation which is valued at $4,402,428.Stryker Corporation makes up approximately 2.16% of Keating Investment Counselors Inc’s portfolio.

Other Hedge Funds, Including , Utah Retirement Systems boosted its stake in SYK in the latest quarter, The investment management firm added 900 additional shares and now holds a total of 61,578 shares of Stryker Corporation which is valued at $7,070,386. Stryker Corporation makes up approx 0.18% of Utah Retirement Systems’s portfolio.Dnb Asset Management As reduced its stake in SYK by selling 30,800 shares or 24.14% in the most recent quarter. The Hedge Fund company now holds 96,795 shares of SYK which is valued at $11,837,061. Stryker Corporation makes up approx 0.25% of Dnb Asset Management As’s portfolio.Bnp Paribas Arbitrage Sa reduced its stake in SYK by selling 23,143 shares or 33.86% in the most recent quarter. The Hedge Fund company now holds 45,209 shares of SYK which is valued at $5,528,609. Stryker Corporation makes up approx 0.02% of Bnp Paribas Arbitrage Sa’s portfolio.

Stryker Corporation closed down -0.08 points or -0.07% at $114.82 with 10,13,387 shares getting traded on Monday. Post opening the session at $114.99, the shares hit an intraday low of $114.07 and an intraday high of $115.07 and the price fluctuated in this range throughout the day.Shares ended Monday session in Red.

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.

Investors should note that on Jul 27, 2016, Stryker Corporation announced a cash dividend of $0.3800. The company’s management has announced Sep 28, 2016 as the ex-dividend date and fixed the record date on Sep 30, 2016. The payable date has been fixed on Oct 31, 2016.

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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