Stearns Financial Services Group buys $1,856,285 stake in Stryker Corporation (SYK)

Stryker Corporation (SYK) : Stearns Financial Services Group scooped up 16 additional shares in Stryker Corporation during the most recent quarter end , the firm said in a disclosure report filed with the SEC on Aug 11, 2016. The investment management firm now holds a total of 16,062 shares of Stryker Corporation which is valued at $1,856,285.Stryker Corporation makes up approximately 0.51% of Stearns Financial Services Group’s portfolio.

Other Hedge Funds, Including , Capital Advantage reduced its stake in SYK by selling 201 shares or 7.43% in the most recent quarter. The Hedge Fund company now holds 2,504 shares of SYK which is valued at $289,387. Stryker Corporation makes up approx 0.08% of Capital Advantage’s portfolio.Hudock Capital Group reduced its stake in SYK by selling 171 shares or 39.31% in the most recent quarter. The Hedge Fund company now holds 264 shares of SYK which is valued at $30,312. Stryker Corporation makes up approx 0.02% of Hudock Capital Group’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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