Stryker Corp. (NYSE:SYK) Director Ronda E. Stryker sold 12,000 shares of the stock in a transaction dated Wednesday, July 27th. The shares were sold at an average price of $115.08, for a total transaction of $1,380,960.00. Following the transaction, the director now directly owns 193,142 shares of the company’s stock, valued at approximately $22,226,781.36. The transaction was disclosed in a filing with the SEC, which can be accessed through this hyperlink.
Several research analysts have commented on SYK shares. Robert W. Baird downgraded shares of Stryker Corp. from an “outperform” rating to a “neutral” rating and increased their price objective for the company from $111.00 to $116.00 in a report on Wednesday, April 13th. Guggenheim started coverage on shares of Stryker Corp. in a report on Wednesday, June 8th. They set a “buy” rating and a $134.00 price objective for the company. Brean Capital reissued a “buy” rating and set a $125.00 price objective (up previously from $121.00) on shares of Stryker Corp. in a report on Monday. Needham & Company LLC reissued a “hold” rating on shares of Stryker Corp. in a report on Thursday, April 21st. Finally, Zacks Investment Research raised shares of Stryker Corp. from a “hold” rating to a “buy” rating and set a $130.00 price objective for the company in a report on Tuesday, June 21st. Three investment analysts have rated the stock with a sell rating, nine have assigned a hold rating and twelve have issued a buy rating to the company’s stock. Stryker Corp. currently has an average rating of “Hold” and a consensus price target of $114.91.
A hedge fund recently raised its stake in Stryker Corp. stock. Toth Financial boosted its position in Stryker Corp. (NYSE:SYK) by 0.4% during the fourth quarter, according to its most recent filing with the Securities and Exchange Commission. The fund owned 78,069 shares of the medical technology company’s stock after buying an additional 330 shares during the period. Stryker Corp. comprises 2.4% of Toth Financial’s portfolio, making the stock its 7th largest position. Toth Financial’s holdings in Stryker Corp. were worth $7,256,000 at the end of the most recent reporting period.
Stryker Corp. (NYSE:SYK) last issued its earnings results on Thursday, July 21st. The medical technology company reported $1.39 EPS for the quarter, topping analysts’ consensus estimates of $1.37 by $0.02. The firm had revenue of $2.84 billion for the quarter, compared to analysts’ expectations of $2.79 billion. Analysts forecast that Stryker Corp. will post $5.76 EPS for the current fiscal year.
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.
