Wealthtrust Fairport buys $8,782,627 stake in Stryker Corporation (SYK)

Stryker Corporation (SYK) : Wealthtrust Fairport scooped up 1,855 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 75,994 shares of Stryker Corporation which is valued at $8,782,627.Stryker Corporation makes up approximately 1.12% of Wealthtrust Fairport’s portfolio.

Other Hedge Funds, Including , Alliancebernstein reduced its stake in SYK by selling 355,132 shares or 35.89% in the most recent quarter. The Hedge Fund company now holds 634,237 shares of SYK which is valued at $73,298,770. Stryker Corporation makes up approx 0.06% of Alliancebernstein’s portfolio.Neuberger Berman Group boosted its stake in SYK in the latest quarter, The investment management firm added 2,042 additional shares and now holds a total of 405,993 shares of Stryker Corporation which is valued at $46,648,596. Stryker Corporation makes up approx 0.06% of Neuberger Berman Group’s portfolio. Dana Investment Advisors added SYK to its portfolio by purchasing 254,945 company shares during the most recent quarter which is valued at $29,293,181. Stryker Corporation makes up approx 1.26% of Dana Investment Advisors’s portfolio.Wendell David Associates Inc reduced its stake in SYK by selling 745 shares or 0.56% in the most recent quarter. The Hedge Fund company now holds 131,474 shares of SYK which is valued at $16,087,159. Stryker Corporation makes up approx 3.08% of Wendell David Associates Inc’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.

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