Stryker Corporation (SYK) : Hall Laurie J Trustee reduced its stake in Stryker Corporation by 0.74% during the most recent quarter end. The investment management company now holds a total of 36,942 shares of Stryker Corporation which is valued at $4,525,764 after selling 275 shares in Stryker Corporation , the firm said in a disclosure report filed with the SEC on Jul 12, 2016.Stryker Corporation makes up approximately 2.92% of Hall Laurie J Trustee’s portfolio.
Other Hedge Funds, Including , Gulf International Bank (uk) Ltd reduced its stake in SYK by selling 200 shares or 0.2% in the most recent quarter. The Hedge Fund company now holds 100,546 shares of SYK which is valued at $12,317,890. Stryker Corporation makes up approx 0.20% of Gulf International Bank (uk) Ltd’s portfolio. Pensionfund Sabic sold out all of its stake in SYK during the most recent quarter. The investment firm sold 17,200 shares of SYK which is valued $2,084,812.Toth Financial Advisory Corp reduced its stake in SYK by selling 160 shares or 0.2% in the most recent quarter. The Hedge Fund company now holds 78,765 shares of SYK which is valued at $9,484,094. Stryker Corporation makes up approx 2.89% of Toth Financial Advisory Corp’s portfolio.
Stryker Corporation closed down -0.22 points or -0.18% at $122.08 with 20,63,493 shares getting traded on Friday. Post opening the session at $122.97, the shares hit an intraday low of $121.29 and an intraday high of $123.55 and the price fluctuated in this range throughout the day.Shares ended Friday 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.
Many Wall Street Analysts have commented on Stryker Corporation. Stryker Corporation was Initiated by Guggenheim to “Buy” on Jun 9, 2016. 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 .
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.