Marshall & Sullivan Inc. WA lessened its position in Stryker Corporation (NYSE:SYK) by 2.1% in the fourth quarter, HoldingsChannel.com reports. The fund owned 30,189 shares of the medical technology company’s stock after selling 655 shares during the quarter. Stryker makes up approximately 3.7% of Marshall & Sullivan Inc. WA’s holdings, making the stock its 6th largest holding. Marshall & Sullivan Inc. WA’s holdings in Stryker were worth $4,674,000 as of its most recent SEC filing.
A number of other institutional investors have also recently made changes to their positions in the business. WFG Advisors LP grew its stake in Stryker by 1.6% in the second quarter. WFG Advisors LP now owns 2,041 shares of the medical technology company’s stock valued at $283,000 after acquiring an additional 32 shares during the period. Advisory Services Network LLC grew its stake in Stryker by 1.8% in the second quarter. Advisory Services Network LLC now owns 3,398 shares of the medical technology company’s stock valued at $472,000 after acquiring an additional 59 shares during the period. Linscomb & Williams Inc. grew its stake in Stryker by 1.2% in the second quarter. Linscomb & Williams Inc. now owns 10,486 shares of the medical technology company’s stock valued at $1,455,000 after acquiring an additional 121 shares during the period. Scotia Capital Inc. boosted its position in shares of Stryker by 4.5% during the second quarter. Scotia Capital Inc. now owns 5,590 shares of the medical technology company’s stock valued at $776,000 after buying an additional 243 shares during the last quarter. Finally, Ramsay Stattman Vela & Price Inc. boosted its position in shares of Stryker by 0.7% during the third quarter. Ramsay Stattman Vela & Price Inc. now owns 47,418 shares of the medical technology company’s stock valued at $6,734,000 after buying an additional 315 shares during the last quarter. 74.49% of the stock is owned by hedge funds and other institutional investors.
Several research analysts recently issued reports on SYK shares. Zacks Investment Research raised Stryker from a “sell” rating to a “hold” rating in a research report on Tuesday, October 24th. Robert W. Baird reaffirmed a “hold” rating and set a $161.00 target price on shares of Stryker in a research report on Friday, October 27th. Piper Jaffray Companies reaffirmed a “buy” rating and set a $156.00 target price on shares of Stryker in a research report on Friday, October 27th. Wells Fargo & Co lifted their target price on Stryker from $160.00 to $166.00 in a research report on Friday, October 27th. Finally, Stifel Nicolaus lifted their target price on Stryker from $158.00 to $168.00 and gave the company a “buy” rating in a research report on Friday, October 27th. Two equities research analysts have rated the stock with a sell rating, nine have assigned a hold rating and fourteen have assigned a buy rating to the company’s stock. The company presently has a consensus rating of “Hold” and an average target price of $162.50.
Shares of Stryker Corporation (SYK) opened at $159.87 on Monday. The company has a market capitalization of $59,894.02, a price-to-earnings ratio of 24.63, a P/E/G ratio of 2.30 and a beta of 0.70. Stryker Corporation has a fifty-two week low of $125.12 and a fifty-two week high of $170.00. The company has a current ratio of 2.29, a quick ratio of 1.59 and a debt-to-equity ratio of 0.66.
Stryker (NYSE:SYK) last issued its quarterly earnings results on Tuesday, January 30th. The medical technology company reported $1.96 EPS for the quarter, topping the Zacks’ consensus estimate of $1.95 by $0.01. The business had revenue of $3.47 billion for the quarter, compared to analyst estimates of $3.42 billion. Stryker had a return on equity of 24.56% and a net margin of 8.20%. Stryker’s quarterly revenue was up 9.9% compared to the same quarter last year. During the same period last year, the company posted $1.78 earnings per share. analysts anticipate that Stryker Corporation will post 7.12 EPS for the current fiscal year.
The firm also recently declared a quarterly dividend, which will be paid on Monday, April 30th. Investors of record on Thursday, March 29th will be issued a dividend of $0.47 per share. The ex-dividend date of this dividend is Wednesday, March 28th. This represents a $1.88 dividend on an annualized basis and a yield of 1.18%. Stryker’s dividend payout ratio (DPR) is currently 70.15%.
In related news, VP William E. Berry, Jr. sold 1,306 shares of Stryker stock in a transaction on Thursday, February 1st. The stock was sold at an average price of $164.42, for a total transaction of $214,732.52. The sale was disclosed in a document filed with the SEC, which is available through the SEC website. Also, insider Graham A. Mclean sold 2,984 shares of the business’s stock in a transaction on Monday, February 5th. The shares were sold at an average price of $160.53, for a total value of $479,021.52. Following the completion of the sale, the insider now owns 9,100 shares in the company, valued at $1,460,823. The disclosure for this sale can be found here. Insiders have sold 16,840 shares of company stock worth $2,749,989 over the last quarter. 7.40% of the stock is currently owned by corporate insiders.
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Stryker Company Profile
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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