Woodstock Corp trimmed its holdings in Stryker Co. (NYSE:SYK – Free Report) by 0.3% in the second quarter, according to its most recent disclosure with the Securities & Exchange Commission. The fund owned 15,699 shares of the medical technology company’s stock after selling 48 shares during the quarter. Woodstock Corp’s holdings in Stryker were worth $4,790,000 at the end of the most recent quarter.
A number of other institutional investors have also made changes to their positions in the business. Quarry LP acquired a new position in shares of Stryker during the first quarter valued at $27,000. Freedom Wealth Alliance LLC acquired a new position in Stryker during the 4th quarter valued at about $26,000. Altshuler Shaham Ltd acquired a new position in Stryker during the 1st quarter valued at about $33,000. HBW Advisory Services LLC bought a new position in shares of Stryker in the 2nd quarter valued at about $35,000. Finally, Elequin Securities LLC acquired a new stake in shares of Stryker during the 4th quarter worth approximately $29,000. 76.24% of the stock is owned by institutional investors.
Insider Buying and Selling at Stryker
In other Stryker news, insider Viju Menon sold 5,000 shares of the firm’s stock in a transaction that occurred on Wednesday, September 6th. The stock was sold at an average price of $289.00, for a total value of $1,445,000.00. Following the completion of the transaction, the insider now directly owns 6,994 shares in the company, valued at $2,021,266. The transaction was disclosed in a filing with the SEC, which can be accessed through the SEC website. Corporate insiders own 5.90% of the company’s stock.
Analyst Ratings Changes
Stryker Stock Up 0.1 %
Shares of NYSE:SYK traded up $0.24 during mid-day trading on Friday, reaching $295.24. 307,944 shares of the stock were exchanged, compared to its average volume of 1,291,198. The company has a quick ratio of 0.84, a current ratio of 1.54 and a debt-to-equity ratio of 0.64. The company has a market cap of $112.13 billion, a P/E ratio of 41.67, a P/E/G ratio of 2.87 and a beta of 0.95. Stryker Co. has a one year low of $200.80 and a one year high of $306.93. The stock’s 50 day simple moving average is $286.93 and its 200-day simple moving average is $285.36.
Stryker (NYSE:SYK – Get Free Report) last posted its quarterly earnings data on Thursday, August 3rd. The medical technology company reported $2.54 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $2.38 by $0.16. The business had revenue of $5 billion during the quarter, compared to the consensus estimate of $4.83 billion. Stryker had a return on equity of 22.31% and a net margin of 13.92%. Stryker’s quarterly revenue was up 11.2% on a year-over-year basis. During the same period last year, the company earned $2.25 earnings per share. As a group, equities research analysts predict that Stryker Co. will post 10.37 EPS for the current year.
Stryker Announces Dividend
The business also recently declared a quarterly dividend, which will be paid on Tuesday, October 31st. Shareholders of record on Friday, September 29th will be paid a $0.75 dividend. The ex-dividend date of this dividend is Thursday, September 28th. This represents a $3.00 dividend on an annualized basis and a yield of 1.02%. Stryker’s dividend payout ratio is 42.37%.
Stryker Company Profile
Stryker Corporation operates as a medical technology company. The company operates through two segments, MedSurg and Neurotechnology, and Orthopaedics and Spine. The Orthopaedics and Spine segment provides implants for use in hip and knee joint replacements, and trauma and extremities surgeries. This segment also offers spinal implant products comprising cervical, thoracolumbar, and interbody systems that are used in spinal injury, deformity, and degenerative therapies.
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