Smithbridge Asset Management Incde Lowers stake in Stryker Corporation (SYK)

Stryker Corporation (SYK) : Smithbridge Asset Management Incde reduced its stake in Stryker Corporation by 0.67% during the most recent quarter end. The investment management company now holds a total of 14,868 shares of Stryker Corporation which is valued at $1,718,295 after selling 100 shares in Stryker Corporation , the firm said in a disclosure report filed with the SEC on Aug 11, 2016.Stryker Corporation makes up approximately 1.55% of Smithbridge Asset Management Incde’s portfolio.

Other Hedge Funds, Including , Diam Ltd. boosted its stake in SYK in the latest quarter, The investment management firm added 1,416 additional shares and now holds a total of 45,387 shares of Stryker Corporation which is valued at $5,211,335. Stryker Corporation makes up approx 0.07% of Diam Ltd.’s portfolio. Harel Insurance Investments Financial Services Ltd. added SYK to its portfolio by purchasing 740 company shares during the most recent quarter which is valued at $84,967. Stryker Corporation makes up approx 0.01% of Harel Insurance Investments Financial Services Ltd.’s portfolio.

Stryker Corporation closed down -0.53 points or -0.46% at $113.61 with 8,93,915 shares getting traded on Tuesday. Post opening the session at $114.18, the shares hit an intraday low of $113.48 and an intraday high of $114.61 and the price fluctuated in this range throughout the day.Shares ended Tuesday 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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