Stryker Corporation (SYK) : Peninsula Asset Management Inc reduced its stake in Stryker Corporation by 1.62% during the most recent quarter end. The investment management company now holds a total of 37,353 shares of Stryker Corporation which is valued at $4,316,886 after selling 615 shares in Stryker Corporation , the firm said in a disclosure report filed with the SEC on Aug 12, 2016.Stryker Corporation makes up approximately 3.46% of Peninsula Asset Management Inc’s portfolio.
Other Hedge Funds, Including , Massachusetts Financial Services Co boosted its stake in SYK in the latest quarter, The investment management firm added 328,431 additional shares and now holds a total of 11,990,001 shares of Stryker Corporation which is valued at $1,385,684,416. Stryker Corporation makes up approx 0.67% of Massachusetts Financial Services Co’s portfolio.Farr Miller Washingtondc boosted its stake in SYK in the latest quarter, The investment management firm added 1,547 additional shares and now holds a total of 233,745 shares of Stryker Corporation which is valued at $27,013,910. Stryker Corporation makes up approx 2.95% of Farr Miller Washingtondc’s portfolio.Blackrock Japan Ltd boosted its stake in SYK in the latest quarter, The investment management firm added 2,598 additional shares and now holds a total of 423,331 shares of Stryker Corporation which is valued at $48,924,364. Stryker Corporation makes up approx 0.17% of Blackrock Japan Ltd’s portfolio.Oak Associates Ltd Oh reduced its stake in SYK by selling 4,700 shares or 15.36% in the most recent quarter. The Hedge Fund company now holds 25,900 shares of SYK which is valued at $2,992,227. Stryker Corporation makes up approx 0.34% of Oak Associates Ltd Oh’s portfolio.
Stryker Corporation opened for trading at $114.44 and hit $116.39 on the upside on Monday, eventually ending the session at $116.28, with a gain of 1.61% or 1.84 points. The heightened volatility saw the trading volume jump to 16,68,588 shares. Company has a market cap of $43,524 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 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.