Stewart Patten Co Lowers stake in Stryker Corporation (SYK)

Stryker Corporation (SYK) : Stewart Patten Co reduced its stake in Stryker Corporation by 1.68% during the most recent quarter end. The investment management company now holds a total of 117,797 shares of Stryker Corporation which is valued at $14,413,641 after selling 2,011 shares in Stryker Corporation , the firm said in a disclosure report filed with the SEC on Jul 18, 2016.Stryker Corporation makes up approximately 2.75% of Stewart Patten Co’s portfolio.

Other Hedge Funds, Including , Trust Co Of Vermont boosted its stake in SYK in the latest quarter, The investment management firm added 2,118 additional shares and now holds a total of 22,903 shares of Stryker Corporation which is valued at $2,802,411. Stryker Corporation makes up approx 0.36% of Trust Co Of Vermont’s portfolio.Regent Investment Management boosted its stake in SYK in the latest quarter, The investment management firm added 506 additional shares and now holds a total of 6,806 shares of Stryker Corporation which is valued at $827,746. Stryker Corporation makes up approx 0.43% of Regent Investment Management’s portfolio.Gofen Glossberg Il boosted its stake in SYK in the latest quarter, The investment management firm added 90 additional shares and now holds a total of 9,406 shares of Stryker Corporation which is valued at $1,152,329. Stryker Corporation makes up approx 0.05% of Gofen Glossberg Il’s portfolio.Cue Financial Group reduced its stake in SYK by selling 165 shares or 1.86% in the most recent quarter. The Hedge Fund company now holds 8,719 shares of SYK which is valued at $1,068,165. Stryker Corporation makes up approx 0.89% of Cue Financial Group’s portfolio.Atria Investments reduced its stake in SYK by selling 962 shares or 15.76% in the most recent quarter. The Hedge Fund company now holds 5,142 shares of SYK which is valued at $629,946. Stryker Corporation makes up approx 0.07% of Atria Investments’s portfolio.

Stryker Corporation opened for trading at $122.3 and hit $122.65 on the upside on Wednesday, eventually ending the session at $122.36, with a gain of 0.49% or 0.6 points. The heightened volatility saw the trading volume jump to 12,97,449 shares. Company has a market cap of $45,760 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.

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.

Leave a Reply

Stryker Corporation - Is it time to Sell?

Top Brokerage Firms are advising their investors on Stryker Corporation. Subscribe to MoneyFlowIndex.Org Pre-Market Alerts, You will be the first to know the street buzz.