Pennsylvania Trust Co Lowers stake in Stryker Corporation (SYK)

Stryker Corporation (SYK) : Pennsylvania Trust Co reduced its stake in Stryker Corporation by 3.73% during the most recent quarter end. The investment management company now holds a total of 12,872 shares of Stryker Corporation which is valued at $1,462,903 after selling 499 shares in Stryker Corporation , the firm said in a disclosure report filed with the SEC on Oct 14, 2016.Stryker Corporation makes up approximately 0.12% of Pennsylvania Trust Co’s portfolio.

Other Hedge Funds, Including , Private Trust Co Na boosted its stake in SYK in the latest quarter, The investment management firm added 1,445 additional shares and now holds a total of 20,232 shares of Stryker Corporation which is valued at $2,297,951. Stryker Corporation makes up approx 0.57% of Private Trust Co Na’s portfolio.Thompson Rubinstein Investment Management Inc Or reduced its stake in SYK by selling 273 shares or 0.83% in the most recent quarter. The Hedge Fund company now holds 32,667 shares of SYK which is valued at $3,849,806. Stryker Corporation makes up approx 1.47% of Thompson Rubinstein Investment Management Inc Or’s portfolio.Central Bank Trust Co boosted its stake in SYK in the latest quarter, The investment management firm added 1,707 additional shares and now holds a total of 51,094 shares of Stryker Corporation which is valued at $5,942,743. Stryker Corporation makes up approx 1.69% of Central Bank Trust Co’s portfolio.

Stryker Corporation opened for trading at $116.18 and hit $116.18 on the upside on Friday, eventually ending the session at $113.65, with a gain of 0.06% or 0.07 points. The heightened volatility saw the trading volume jump to 12,53,605 shares. Company has a market cap of $42,539 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.

Many Wall Street Analysts have commented on Stryker Corporation. Stryker Corporation was Initiated by SunTrust to “Buy” on Oct 14, 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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