Eagle Ridge Investment Management buys $4,538,240 stake in Stryker Corporation (SYK)

Stryker Corporation (SYK) : Eagle Ridge Investment Management scooped up 630 additional shares in Stryker Corporation during the most recent quarter end , the firm said in a disclosure report filed with the SEC on Apr 21, 2016. The investment management firm now holds a total of 41,483 shares of Stryker Corporation which is valued at $4,538,240.Stryker Corporation makes up approximately 1.04% of Eagle Ridge Investment Management’s portfolio.

Stryker Corporation opened for trading at $110.32 and hit $111 on the upside on Wednesday, eventually ending the session at $110.04, with a gain of 0.48% or 0.53 points. The heightened volatility saw the trading volume jump to 12,13,644 shares. Company has a market cap of $41,153 M.

Other Hedge Funds, Including , Community Bank N.a. reduced its stake in SYK by selling 15 shares or 0.26% in the most recent quarter. The Hedge Fund company now holds 5,852 shares of SYK which is valued at $640,209. Stryker Corporation makes up approx 0.15% of Community Bank N.a.’s portfolio. Donald L. Hagan added SYK to its portfolio by purchasing 750 company shares during the most recent quarter which is valued at $82,350. Stryker Corporation makes up approx 0.08% of Donald L. Hagan’s portfolio.Proficio Capital Partners reduced its stake in SYK by selling 54 shares or 40.91% in the most recent quarter. The Hedge Fund company now holds 78 shares of SYK which is valued at $8,444. Stryker Corporation makes up approx 0.01% of Proficio Capital Partners’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. 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 .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 .

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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