Shares of Stryker Corporation (NYSE:SYK) have been given a consensus rating of “Hold” by the twenty-two research firms that are presently covering the firm, MarketBeat reports. Three research analysts have rated the stock with a sell recommendation, seven have issued a hold recommendation and twelve have issued a buy recommendation on the company. The average 12-month target price among analysts that have issued a report on the stock in the last year is $135.38.
SYK has been the subject of several recent research reports. Deutsche Bank AG reissued a “buy” rating and set a $148.00 price target (up previously from $135.00) on shares of Stryker Corporation in a research report on Saturday, April 29th. Canaccord Genuity reissued a “buy” rating and set a $137.00 price target on shares of Stryker Corporation in a research report on Monday, February 27th. BidaskClub downgraded Stryker Corporation from a “strong-buy” rating to a “buy” rating in a research report on Tuesday, June 13th. Jefferies Group LLC reissued a “hold” rating and set a $132.00 price target on shares of Stryker Corporation in a research report on Thursday, April 13th. Finally, BMO Capital Markets reissued a “hold” rating and set a $125.00 price target on shares of Stryker Corporation in a research report on Tuesday, April 11th.
In related news, insider Timothy J. Scannell sold 13,322 shares of the business’s stock in a transaction dated Tuesday, May 2nd. The stock was sold at an average price of $135.89, for a total value of $1,810,326.58. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. Also, insider David Floyd sold 7,381 shares of the business’s stock in a transaction dated Monday, June 5th. The shares were sold at an average price of $144.70, for a total value of $1,068,030.70. The disclosure for this sale can be found here. 7.40% of the stock is currently owned by insiders.
Institutional investors have recently modified their holdings of the stock. Bessemer Group Inc. increased its position in shares of Stryker Corporation by 12.1% in the fourth quarter. Bessemer Group Inc. now owns 4,954 shares of the medical technology company’s stock worth $594,000 after buying an additional 534 shares during the last quarter. Armor Investment Advisors LLC bought a new position in shares of Stryker Corporation during the fourth quarter worth approximately $581,000. FUKOKU MUTUAL LIFE INSURANCE Co bought a new position in shares of Stryker Corporation during the fourth quarter worth approximately $108,000. State Street Corp increased its position in shares of Stryker Corporation by 3.1% in the fourth quarter. State Street Corp now owns 13,774,848 shares of the medical technology company’s stock worth $1,650,599,000 after buying an additional 419,118 shares during the last quarter. Finally, Raymond James Financial Services Advisors Inc. increased its position in shares of Stryker Corporation by 2.6% in the fourth quarter. Raymond James Financial Services Advisors Inc. now owns 164,811 shares of the medical technology company’s stock worth $19,746,000 after buying an additional 4,192 shares during the last quarter. Institutional investors own 74.26% of the company’s stock.
Shares of Stryker Corporation (NYSE SYK) traded up 0.21% during mid-day trading on Monday, hitting $141.10. The stock had a trading volume of 633,001 shares. The stock has a 50 day moving average price of $139.24 and a 200-day moving average price of $129.39. Stryker Corporation has a 52-week low of $106.48 and a 52-week high of $145.62. The company has a market cap of $52.74 billion, a PE ratio of 31.71 and a beta of 0.81.
Stryker Corporation (NYSE:SYK) last released its quarterly earnings data on Tuesday, April 25th. The medical technology company reported $1.48 earnings per share for the quarter, beating the consensus estimate of $1.43 by $0.05. Stryker Corporation had a return on equity of 24.26% and a net margin of 14.33%. The firm had revenue of $2.96 billion during the quarter, compared to the consensus estimate of $2.90 billion. During the same period last year, the business posted $1.24 EPS. Stryker Corporation’s quarterly revenue was up 18.4% on a year-over-year basis. On average, equities analysts expect that Stryker Corporation will post $6.43 earnings per share for the current fiscal year.
The firm also recently announced a quarterly dividend, which will be paid on Monday, July 31st. Stockholders of record on Friday, June 30th will be given a dividend of $0.425 per share. This represents a $1.70 dividend on an annualized basis and a dividend yield of 1.21%. The ex-dividend date of this dividend is Wednesday, June 28th. Stryker Corporation’s payout ratio is 38.20%.
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About Stryker Corporation
Stryker Corporation is a medical technology company. The Company offers a range of medical technologies, including orthopedic, medical and surgical, and neurotechnology and spine products. The Company’s segments include Orthopaedics; MedSurg; Neurotechnology and Spine, and Corporate and Other. The Orthopaedics segment includes reconstructive (hip and knee) and trauma implant systems and other related products.
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