Wheatland Advisors Inc buys $1,080,112 stake in Stryker Corporation (SYK)

Stryker Corporation (SYK) : Wheatland Advisors Inc scooped up 1 additional shares in Stryker Corporation during the most recent quarter end , the firm said in a disclosure report filed with the SEC on Aug 1, 2016. The investment management firm now holds a total of 9,407 shares of Stryker Corporation which is valued at $1,080,112.Stryker Corporation makes up approximately 0.57% of Wheatland Advisors Inc’s portfolio.

Other Hedge Funds, Including , Spinnaker Trust reduced its stake in SYK by selling 50 shares or 2.31% in the most recent quarter. The Hedge Fund company now holds 2,118 shares of SYK which is valued at $243,189. Stryker Corporation makes up approx 0.03% of Spinnaker Trust’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.Next Financial Group Inc reduced its stake in SYK by selling 25 shares or 0.94% in the most recent quarter. The Hedge Fund company now holds 2,635 shares of SYK which is valued at $322,234. Stryker Corporation makes up approx 0.10% of Next Financial Group Inc’s portfolio. Iowa State Bank added SYK to its portfolio by purchasing 40 company shares during the most recent quarter which is valued at $4,892.

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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