Stryker Corporation (SYK) : Van Hulzen Asset Management reduced its stake in Stryker Corporation by 15.21% during the most recent quarter end. The investment management company now holds a total of 31,211 shares of Stryker Corporation which is valued at $3,607,055 after selling 5,600 shares in Stryker Corporation , the firm said in a disclosure report filed with the SEC on Aug 11, 2016.Stryker Corporation makes up approximately 1.99% of Van Hulzen Asset Management’s portfolio.
Other Hedge Funds, Including , Aviance Capital Partners reduced its stake in SYK by selling 25 shares or 1.11% in the most recent quarter. The Hedge Fund company now holds 2,225 shares of SYK which is valued at $257,143. Stryker Corporation makes up approx 0.09% of Aviance Capital Partners’s portfolio.Nichols Pratt Advisers Llp reduced its stake in SYK by selling 1,600 shares or 2.21% in the most recent quarter. The Hedge Fund company now holds 70,915 shares of SYK which is valued at $8,148,134. Stryker Corporation makes up approx 0.72% of Nichols Pratt Advisers Llp’s portfolio.Pbwm Holdings reduced its stake in SYK by selling 85 shares or 3.46% in the most recent quarter. The Hedge Fund company now holds 2,375 shares of SYK which is valued at $272,888. Stryker Corporation makes up approx 0.10% of Pbwm Holdings’s portfolio.Parkside Financial Bank Trust reduced its stake in SYK by selling 1 shares or 0.72% in the most recent quarter. The Hedge Fund company now holds 138 shares of SYK which is valued at $15,845. Stryker Corporation makes up approx 0.01% of Parkside Financial Bank Trust’s portfolio.Seaward Management Limited Partnership boosted its stake in SYK in the latest quarter, The investment management firm added 116 additional shares and now holds a total of 8,161 shares of Stryker Corporation which is valued at $937,128. Stryker Corporation makes up approx 0.05% of Seaward Management Limited Partnership’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.