Tukman Grossman Capital Management Inc Lowers stake in Stryker Corporation (SYK)

Stryker Corporation (SYK) : Tukman Grossman Capital Management Inc reduced its stake in Stryker Corporation by 2.0% during the most recent quarter end. The investment management company now holds a total of 1,226,100 shares of Stryker Corporation which is valued at $141,700,377 after selling 25,000 shares in Stryker Corporation , the firm said in a disclosure report filed with the SEC on Aug 11, 2016.Stryker Corporation makes up approximately 8.15% of Tukman Grossman Capital Management Inc’s portfolio.

Other Hedge Funds, Including , Dixon Hubard Feinour Brown Incva boosted its stake in SYK in the latest quarter, The investment management firm added 100 additional shares and now holds a total of 56,523 shares of Stryker Corporation which is valued at $6,532,363. Stryker Corporation makes up approx 2.02% of Dixon Hubard Feinour Brown Incva’s portfolio.Norinchukin Bank The boosted its stake in SYK in the latest quarter, The investment management firm added 398 additional shares and now holds a total of 16,476 shares of Stryker Corporation which is valued at $1,903,472. Stryker Corporation makes up approx 0.04% of Norinchukin Bank The’s portfolio.Appleton Partners Incma boosted its stake in SYK in the latest quarter, The investment management firm added 3,836 additional shares and now holds a total of 8,281 shares of Stryker Corporation which is valued at $950,824. Stryker Corporation makes up approx 0.19% of Appleton Partners Incma’s portfolio.World Asset Management Inc boosted its stake in SYK in the latest quarter, The investment management firm added 372 additional shares and now holds a total of 31,289 shares of Stryker Corporation which is valued at $3,592,603. Stryker Corporation makes up approx 0.13% of World Asset Management Inc’s portfolio.Clean Yield Group reduced its stake in SYK by selling 1,230 shares or 8.46% in the most recent quarter. The Hedge Fund company now holds 13,307 shares of SYK which is valued at $1,528,043. Stryker Corporation makes up approx 0.65% of Clean Yield Group’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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