Cohen Lawrence B Lowers stake in Stryker Corporation (SYK)

Stryker Corporation (SYK) : Cohen Lawrence B reduced its stake in Stryker Corporation by 0.39% during the most recent quarter end. The investment management company now holds a total of 59,448 shares of Stryker Corporation which is valued at $6,503,611 after selling 230 shares in Stryker Corporation , the firm said in a disclosure report filed with the SEC on Apr 20, 2016.Stryker Corporation makes up approximately 4.16% of Cohen Lawrence B’s portfolio.

Stryker Corporation opened for trading at $109.44 and hit $110.06 on the upside on Friday, eventually ending the session at $109.4, with a gain of 0.08% or 0.09 points. The heightened volatility saw the trading volume jump to 18,37,756 shares. Company has a market cap of $40,804 M.

Other Hedge Funds, Including , Cue Financial Group reduced its stake in SYK by selling 550 shares or 5.83% in the most recent quarter. The Hedge Fund company now holds 8,884 shares of SYK which is valued at $975,463. Stryker Corporation makes up approx 0.84% of Cue Financial Group’s portfolio.Mountain Pacific Investment Advisers Incid boosted its stake in SYK in the latest quarter, The investment management firm added 1,350 additional shares and now holds a total of 4,210 shares of Stryker Corporation which is valued at $462,258. Stryker Corporation makes up approx 0.05% of Mountain Pacific Investment Advisers Incid’s portfolio.Indiana Trust Investment Management Co reduced its stake in SYK by selling 11,880 shares or 70.76% in the most recent quarter. The Hedge Fund company now holds 4,908 shares of SYK which is valued at $531,291. Stryker Corporation makes up approx 0.29% of Indiana Trust Investment Management Co’s portfolio.

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. 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 .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 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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