Stryker Corporation (SYK) : Peak Asset Management scooped up 349 additional shares in Stryker Corporation during the most recent quarter end , the firm said in a disclosure report filed with the SEC on May 10, 2016. The investment management firm now holds a total of 66,877 shares of Stryker Corporation which is valued at $7,417,328.Stryker Corporation makes up approximately 1.60% of Peak Asset Management’s portfolio.
Other Hedge Funds, Including , Blackrock Fund Advisors boosted its stake in SYK in the latest quarter, The investment management firm added 279,074 additional shares and now holds a total of 5,228,868 shares of Stryker Corporation which is valued at $579,933,750. Stryker Corporation makes up approx 0.14% of Blackrock Fund Advisors’s portfolio. Macroview Investment Management sold out all of its stake in SYK during the most recent quarter. The investment firm sold 25 shares of SYK which is valued $2,780.Parkside Financial Bank Trust boosted its stake in SYK in the latest quarter, The investment management firm added 59 additional shares and now holds a total of 139 shares of Stryker Corporation which is valued at $15,458. Stryker Corporation makes up approx 0.01% of Parkside Financial Bank Trust’s portfolio.Eads Heald Investment Counsel reduced its stake in SYK by selling 1,428 shares or 6.64% in the most recent quarter. The Hedge Fund company now holds 20,075 shares of SYK which is valued at $2,188,376. Stryker Corporation makes up approx 1.51% of Eads Heald Investment Counsel’s portfolio.Sumitomo Life Insurance Co reduced its stake in SYK by selling 384 shares or 2.94% in the most recent quarter. The Hedge Fund company now holds 12,661 shares of SYK which is valued at $1,380,176. Stryker Corporation makes up approx 0.18% of Sumitomo Life Insurance Co’s portfolio.
Stryker Corporation opened for trading at $110.86 and hit $112.6912 on the upside on Monday, eventually ending the session at $112.35, with a gain of 1.30% or 1.44 points. The heightened volatility saw the trading volume jump to 10,32,074 shares. Company has a market cap of $42,017 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.
Investors should note that on Apr 27, 2016, Stryker Corporation announced a cash dividend of $0.3800. The company’s management has announced Jun 28, 2016 as the ex-dividend date and fixed the record date on Jun 30, 2016. The payable date has been fixed on Jul 29, 2016.
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.