Todd Asset Management Lowers stake in Stryker Corporation (SYK)

Stryker Corporation (SYK) : Todd Asset Management reduced its stake in Stryker Corporation by 7.39% during the most recent quarter end. The investment management company now holds a total of 208,819 shares of Stryker Corporation which is valued at $23,976,598 after selling 16,673 shares in Stryker Corporation , the firm said in a disclosure report filed with the SEC on Aug 1, 2016.Stryker Corporation makes up approximately 0.74% of Todd Asset Management’s portfolio.

Other Hedge Funds, Including , Everence Capital Management Inc reduced its stake in SYK by selling 670 shares or 7.43% in the most recent quarter. The Hedge Fund company now holds 8,347 shares of SYK which is valued at $958,403. Stryker Corporation makes up approx 0.29% of Everence Capital Management Inc’s portfolio.Sumitomo Mitsui Asset Management Company Ltd boosted its stake in SYK in the latest quarter, The investment management firm added 306 additional shares and now holds a total of 25,537 shares of Stryker Corporation which is valued at $2,969,442. Stryker Corporation makes up approx 0.09% of Sumitomo Mitsui Asset Management Company Ltd’s portfolio.Burns J W Co Incny reduced its stake in SYK by selling 100 shares or 0.29% in the most recent quarter. The Hedge Fund company now holds 34,651 shares of SYK which is valued at $4,214,255. Stryker Corporation makes up approx 1.25% of Burns J W Co Incny’s portfolio. Bkd Wealth Advisors added SYK to its portfolio by purchasing 2,740 company shares during the most recent quarter which is valued at $335,677. Stryker Corporation makes up approx 0.05% of Bkd Wealth Advisors’s portfolio.

Stryker Corporation opened for trading at $115.12 and hit $115.33 on the upside on Thursday, eventually ending the session at $114.85, with a gain of 0.03% or 0.03 points. The heightened volatility saw the trading volume jump to 9,42,412 shares. Company has a market cap of $42,989 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.

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