Godsey Gibb Associates Lowers stake in Stryker Corporation (SYK)

Stryker Corporation (SYK) : Godsey Gibb Associates reduced its stake in Stryker Corporation by 7.33% during the most recent quarter end. The investment management company now holds a total of 112,801 shares of Stryker Corporation which is valued at $13,036,412 after selling 8,928 shares in Stryker Corporation , the firm said in a disclosure report filed with the SEC on Aug 11, 2016.Stryker Corporation makes up approximately 2.29% of Godsey Gibb Associates’s portfolio.

Other Hedge Funds, Including , Ropes Wealth Advisors boosted its stake in SYK in the latest quarter, The investment management firm added 27 additional shares and now holds a total of 42 shares of Stryker Corporation which is valued at $4,852.Shell Asset Management Co boosted its stake in SYK in the latest quarter, The investment management firm added 41,739 additional shares and now holds a total of 122,126 shares of Stryker Corporation which is valued at $14,023,729. Stryker Corporation makes up approx 0.32% of Shell Asset Management Co’s portfolio.Acadian Asset Management boosted its stake in SYK in the latest quarter, The investment management firm added 135,479 additional shares and now holds a total of 135,515 shares of Stryker Corporation which is valued at $16,581,615. Stryker Corporation makes up approx 0.08% of Acadian Asset Management’s portfolio.

Stryker Corporation closed down -0.53 points or -0.46% at $113.61 with 8,93,915 shares getting traded on Tuesday. Post opening the session at $114.18, the shares hit an intraday low of $113.48 and an intraday high of $114.61 and the price fluctuated in this range throughout the day.Shares ended Tuesday 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.

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