Stryker Corporation (SYK) : Lombard Odier Asset Management (switzerland) Sa scooped up 155,000 additional shares in Stryker Corporation during the most recent quarter end , the firm said in a disclosure report filed with the SEC on Aug 15, 2016. The investment management firm now holds a total of 157,138 shares of Stryker Corporation which is valued at $18,160,439.Stryker Corporation makes up approximately 2.00% of Lombard Odier Asset Management (switzerland) Sa’s portfolio.
Other Hedge Funds, Including , Envestnet Asset Management Inc reduced its stake in SYK by selling 27,996 shares or 23.25% in the most recent quarter. The Hedge Fund company now holds 92,395 shares of SYK which is valued at $10,678,090. Stryker Corporation makes up approx 0.04% of Envestnet Asset Management Inc’s portfolio. Mitra Capital sold out all of its stake in SYK during the most recent quarter. The investment firm sold 34,700 shares of SYK which is valued $4,010,279.Spinnaker Trust reduced its stake in SYK by selling 50 shares or 2.31% in the most recent quarter. The Hedge Fund company now holds 2,118 shares of SYK which is valued at $243,189. Stryker Corporation makes up approx 0.03% of Spinnaker Trust’s portfolio.Baker Ellis Asset Management reduced its stake in SYK by selling 287 shares or 1.43% in the most recent quarter. The Hedge Fund company now holds 19,730 shares of SYK which is valued at $2,294,204. Stryker Corporation makes up approx 0.70% of Baker Ellis Asset Management’s portfolio.
Stryker Corporation closed down -0.43 points or -0.37% at $115.23 with 9,39,405 shares getting traded on Thursday. Post opening the session at $115.9, the shares hit an intraday low of $114.41 and an intraday high of $115.9 and the price fluctuated in this range throughout the day.Shares ended Thursday 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.