Tradition Capital Management Lowers stake in Stryker Corporation (SYK)

Stryker Corporation (SYK) : Tradition Capital Management reduced its stake in Stryker Corporation by 5.93% during the most recent quarter end. The investment management company now holds a total of 19,765 shares of Stryker Corporation which is valued at $2,269,417 after selling 1,247 shares in Stryker Corporation , the firm said in a disclosure report filed with the SEC on Aug 1, 2016.Stryker Corporation makes up approximately 0.74% of Tradition Capital Management’s portfolio.

Other Hedge Funds, Including , Wheatland Advisors Inc boosted its stake in SYK in the latest quarter, The investment management firm added 1 additional shares and now holds a total of 9,407 shares of Stryker Corporation which is valued at $1,080,112. Stryker Corporation makes up approx 0.57% of Wheatland Advisors Inc’s portfolio. Lmr Partners Llp added SYK to its portfolio by purchasing 9,424 company shares during the most recent quarter which is valued at $1,095,823. Stryker Corporation makes up approx 0.16% of Lmr Partners Llp’s portfolio.Stonebridge Capital Management Inc reduced its stake in SYK by selling 250 shares or 0.63% in the most recent quarter. The Hedge Fund company now holds 39,566 shares of SYK which is valued at $4,543,364. Stryker Corporation makes up approx 2.00% of Stonebridge Capital Management Inc’s portfolio.

Stryker Corporation opened for trading at $115.12 and hit $115.33 on the upside on Thursday, eventually ending the session at $114.85, with a gain of 0.03% or 0.03 points. The heightened volatility saw the trading volume jump to 9,42,412 shares. Company has a market cap of $42,989 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.

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