Hendley Co Inc Lowers stake in Stryker Corporation (SYK)

Stryker Corporation (SYK) : Hendley Co Inc reduced its stake in Stryker Corporation by 2.18% during the most recent quarter end. The investment management company now holds a total of 4,933 shares of Stryker Corporation which is valued at $539,670 after selling 110 shares in Stryker Corporation , the firm said in a disclosure report filed with the SEC on Apr 21, 2016.Stryker Corporation makes up approximately 0.33% of Hendley Co Inc’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 , Laurel Grove Capital reduced its stake in SYK by selling 300 shares or 5.17% in the most recent quarter. The Hedge Fund company now holds 5,500 shares of SYK which is valued at $601,700. Stryker Corporation makes up approx 0.34% of Laurel Grove Capital’s portfolio.Davis R M Inc reduced its stake in SYK by selling 1,430 shares or 0.57% in the most recent quarter. The Hedge Fund company now holds 248,095 shares of SYK which is valued at $27,141,593. Stryker Corporation makes up approx 1.36% of Davis R M Inc’s portfolio.Clean Yield Group reduced its stake in SYK by selling 5,320 shares or 26.79% in the most recent quarter. The Hedge Fund company now holds 14,537 shares of SYK which is valued at $1,596,163. Stryker Corporation makes up approx 0.71% of Clean Yield Group’s portfolio.Toth Financial Advisory Corp boosted its stake in SYK in the latest quarter, The investment management firm added 856 additional shares and now holds a total of 78,925 shares of Stryker Corporation which is valued at $8,543,631. Stryker Corporation makes up approx 2.82% of Toth Financial Advisory Corp’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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