Stryker Corporation (SYK) : D L Carlson Investment Group Inc scooped up 2,215 additional shares in Stryker Corporation during the most recent quarter end , the firm said in a disclosure report filed with the SEC on Aug 10, 2016. The investment management firm now holds a total of 48,160 shares of Stryker Corporation which is valued at $5,565,851.Stryker Corporation makes up approximately 1.90% of D L Carlson Investment Group Inc’s portfolio.
Other Hedge Funds, Including , Cabot-wellington reduced its stake in SYK by selling 1,695 shares or 1.88% in the most recent quarter. The Hedge Fund company now holds 88,261 shares of SYK which is valued at $10,196,793. Stryker Corporation makes up approx 8.59% of Cabot-wellington’s portfolio.Isthmus Partners reduced its stake in SYK by selling 1,563 shares or 97.87% in the most recent quarter. The Hedge Fund company now holds 34 shares of SYK which is valued at $3,928.Private Trust Co Na reduced its stake in SYK by selling 47 shares or 0.25% in the most recent quarter. The Hedge Fund company now holds 18,787 shares of SYK which is valued at $2,298,777. Stryker Corporation makes up approx 0.58% of Private Trust Co Na’s portfolio.Sumitomo Life Insurance Co reduced its stake in SYK by selling 431 shares or 3.4% in the most recent quarter. The Hedge Fund company now holds 12,230 shares of SYK which is valued at $1,487,413. Stryker Corporation makes up approx 0.20% of Sumitomo Life Insurance Co’s portfolio.
Stryker Corporation opened for trading at $113.32 and hit $113.8 on the upside on Friday, eventually ending the session at $113.77, with a gain of 0.02% or 0.02 points. The heightened volatility saw the trading volume jump to 8,81,320 shares. Company has a market cap of $42,584 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.