Stryker Corporation $SYK Stake Raised by National Pension Service

National Pension Service raised its holdings in Stryker Corporation (NYSE:SYKFree Report) by 2.4% in the third quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The fund owned 683,867 shares of the medical technology company’s stock after acquiring an additional 16,254 shares during the quarter. National Pension Service owned 0.18% of Stryker worth $252,805,000 as of its most recent filing with the Securities and Exchange Commission.

Other hedge funds also recently made changes to their positions in the company. Mid American Wealth Advisory Group Inc. acquired a new position in Stryker in the second quarter worth approximately $26,000. Clayton Financial Group LLC bought a new stake in shares of Stryker during the 3rd quarter worth $26,000. Elevation Point Wealth Partners LLC acquired a new position in shares of Stryker in the 2nd quarter worth $28,000. Sachetta LLC raised its position in shares of Stryker by 58.7% during the second quarter. Sachetta LLC now owns 73 shares of the medical technology company’s stock worth $29,000 after purchasing an additional 27 shares during the period. Finally, Kilter Group LLC purchased a new stake in shares of Stryker during the second quarter valued at $29,000. Institutional investors and hedge funds own 77.09% of the company’s stock.

Wall Street Analyst Weigh In

A number of equities analysts recently weighed in on SYK shares. Sanford C. Bernstein increased their price target on Stryker from $450.00 to $465.00 and gave the company an “outperform” rating in a research report on Friday, January 9th. Citizens Jmp upgraded shares of Stryker from a “market perform” rating to an “outperform” rating and set a $440.00 target price for the company in a report on Friday, December 19th. Needham & Company LLC lifted their target price on shares of Stryker from $448.00 to $454.00 and gave the stock a “buy” rating in a research report on Friday. Raymond James Financial upgraded shares of Stryker from a “market perform” rating to an “outperform” rating and set a $418.00 price target for the company in a research report on Tuesday, January 6th. Finally, Wall Street Zen cut shares of Stryker from a “buy” rating to a “hold” rating in a research report on Saturday. Twelve investment analysts have rated the stock with a Buy rating and six have given a Hold rating to the stock. According to data from MarketBeat.com, Stryker currently has a consensus rating of “Moderate Buy” and a consensus price target of $426.95.

Check Out Our Latest Report on SYK

Insider Activity at Stryker

In related news, Director Ronda E. Stryker sold 276,173 shares of the stock in a transaction that occurred on Thursday, November 6th. The stock was sold at an average price of $353.28, for a total value of $97,566,397.44. Following the transaction, the director owned 2,702,108 shares in the company, valued at approximately $954,600,714.24. This represents a 9.27% decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is accessible through this link. Also, CFO Preston Wendell Wells sold 165 shares of the firm’s stock in a transaction that occurred on Thursday, November 20th. The shares were sold at an average price of $365.88, for a total transaction of $60,370.20. Following the transaction, the chief financial officer directly owned 6,694 shares in the company, valued at approximately $2,449,200.72. The trade was a 2.41% decrease in their position. The disclosure for this sale is available in the SEC filing. In the last quarter, insiders sold 522,118 shares of company stock valued at $185,381,932. 5.90% of the stock is owned by corporate insiders.

Trending Headlines about Stryker

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Stryker Trading Up 4.3%

Stryker stock opened at $369.39 on Friday. Stryker Corporation has a 12 month low of $329.16 and a 12 month high of $404.87. The company has a quick ratio of 1.13, a current ratio of 1.85 and a debt-to-equity ratio of 0.68. The stock has a market cap of $141.26 billion, a P/E ratio of 43.97, a P/E/G ratio of 2.27 and a beta of 0.89. The company’s fifty day simple moving average is $359.40 and its 200-day simple moving average is $371.66.

Stryker (NYSE:SYKGet Free Report) last announced its quarterly earnings data on Thursday, January 29th. The medical technology company reported $4.47 earnings per share (EPS) for the quarter, topping the consensus estimate of $4.40 by $0.07. Stryker had a return on equity of 24.73% and a net margin of 12.92%.The business had revenue of $7.17 billion during the quarter, compared to analyst estimates of $7.12 billion. During the same period last year, the company earned $4.01 earnings per share. Stryker’s quarterly revenue was up 11.4% compared to the same quarter last year. As a group, sell-side analysts forecast that Stryker Corporation will post 13.47 EPS for the current fiscal year.

Stryker Increases Dividend

The company also recently declared a quarterly dividend, which was paid on Friday, January 30th. Stockholders of record on Wednesday, December 31st were issued a dividend of $0.88 per share. The ex-dividend date was Wednesday, December 31st. This represents a $3.52 annualized dividend and a dividend yield of 1.0%. This is a positive change from Stryker’s previous quarterly dividend of $0.84. Stryker’s dividend payout ratio is presently 46.25%.

About Stryker

(Free Report)

Stryker Corporation is a global medical technology company that designs, manufactures and markets a broad range of products and services for use in hospitals, surgeons’ offices and other healthcare facilities. Its primary business activities span orthopedics (including joint replacement implants, trauma and extremities products), surgical equipment and operating room technologies (such as visualization, navigation and powered instruments), neurotechnology and spine solutions, and patient-handling and emergency medical equipment.

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Institutional Ownership by Quarter for Stryker (NYSE:SYK)

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