Polaris Greystone Financial Group buys $15,039,009 stake in Stryker Corporation (SYK)

Stryker Corporation (SYK) : Polaris Greystone Financial Group scooped up 13,813 additional shares in Stryker Corporation during the most recent quarter end , the firm said in a disclosure report filed with the SEC on Aug 2, 2016. The investment management firm now holds a total of 130,979 shares of Stryker Corporation which is valued at $15,039,009.Stryker Corporation makes up approximately 2.29% of Polaris Greystone Financial Group’s portfolio.

Other Hedge Funds, Including , Douglas Lane Associates boosted its stake in SYK in the latest quarter, The investment management firm added 20 additional shares and now holds a total of 2,945 shares of Stryker Corporation which is valued at $338,174. Stryker Corporation makes up approx 0.01% of Douglas Lane Associates’s portfolio.Lynch Associatesin reduced its stake in SYK by selling 450 shares or 1.61% in the most recent quarter. The Hedge Fund company now holds 27,575 shares of SYK which is valued at $3,227,102. Stryker Corporation makes up approx 1.41% of Lynch Associatesin’s portfolio. Gvo Asset Management Ltd added SYK to its portfolio by purchasing 23,250 company shares during the most recent quarter which is valued at $2,827,665. Stryker Corporation makes up approx 0.32% of Gvo Asset Management Ltd’s portfolio. Cutler Group Lp sold out all of its stake in SYK during the most recent quarter. The investment firm sold 14,263 shares of SYK which is valued $1,747,360.

Stryker Corporation closed down -0.08 points or -0.07% at $114.82 with 10,13,387 shares getting traded on Monday. Post opening the session at $114.99, the shares hit an intraday low of $114.07 and an intraday high of $115.07 and the price fluctuated in this range throughout the day.Shares ended Monday 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.

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