Stryker Corporation (SYK) : Barton Investment Management has sold out all of its stake in Stryker Corporation during the most recent quarter, according to the disclosure filed by the company on Aug 3, 2016 with the SEC. The investment management company has sold out 39,675 shares of Stryker Corporation which is valued at $4,555,484.
Other Hedge Funds, Including , Sg Americas Securities reduced its stake in SYK by selling 33,133 shares or 63.8% in the most recent quarter. The Hedge Fund company now holds 18,801 shares of SYK which is valued at $2,158,731. Stryker Corporation makes up approx 0.02% of Sg Americas Securities’s portfolio.West Coast Financial boosted its stake in SYK in the latest quarter, The investment management firm added 82 additional shares and now holds a total of 6,332 shares of Stryker Corporation which is valued at $727,040. Stryker Corporation makes up approx 0.25% of West Coast Financial’s portfolio.Smithfield Trust Co boosted its stake in SYK in the latest quarter, The investment management firm added 1,624 additional shares and now holds a total of 2,724 shares of Stryker Corporation which is valued at $316,747. Stryker Corporation makes up approx 0.06% of Smithfield Trust Co’s portfolio.Advisory Services Network boosted its stake in SYK in the latest quarter, The investment management firm added 1,315 additional shares and now holds a total of 2,377 shares of Stryker Corporation which is valued at $272,951. Stryker Corporation makes up approx 0.06% of Advisory Services Network’s portfolio.
Stryker Corporation closed down -0.08 points or -0.07% at $114.82 with 10,13,387 shares getting traded on Monday. Post opening the session at $114.99, the shares hit an intraday low of $114.07 and an intraday high of $115.07 and the price fluctuated in this range throughout the day.Shares ended Monday 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.
Investors should note that on Jul 27, 2016, Stryker Corporation announced a cash dividend of $0.3800. The company’s management has announced Sep 28, 2016 as the ex-dividend date and fixed the record date on Sep 30, 2016. The payable date has been fixed on Oct 31, 2016.
Many Wall Street Analysts have commented on Stryker Corporation. Stryker Corporation was Initiated by Guggenheim to “Buy” on Jun 9, 2016.
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.