First Allied Advisory Services Inc. trimmed its position in Stryker Corporation (NYSE:SYK) by 14.5% in the second quarter, according to its most recent filing with the SEC. The institutional investor owned 17,756 shares of the medical technology company’s stock after selling 3,023 shares during the period. First Allied Advisory Services Inc.’s holdings in Stryker Corporation were worth $2,442,000 as of its most recent SEC filing.

A number of other hedge funds have also recently modified their holdings of SYK. WESPAC Advisors LLC bought a new stake in Stryker Corporation in the 1st quarter worth about $414,000. Parametric Portfolio Associates LLC grew its position in Stryker Corporation by 4.6% in the 1st quarter. Parametric Portfolio Associates LLC now owns 668,132 shares of the medical technology company’s stock worth $87,960,000 after purchasing an additional 29,532 shares in the last quarter. Marble Harbor Investment Counsel LLC grew its position in shares of Stryker Corporation by 1.3% during the 1st quarter. Marble Harbor Investment Counsel LLC now owns 30,721 shares of the medical technology company’s stock valued at $4,044,000 after acquiring an additional 400 shares during the period. Armor Investment Advisors LLC grew its position in shares of Stryker Corporation by 2.1% during the 1st quarter. Armor Investment Advisors LLC now owns 4,950 shares of the medical technology company’s stock valued at $652,000 after acquiring an additional 100 shares during the period. Finally, Pioneer Investment Management Inc. grew its position in shares of Stryker Corporation by 27.2% during the 1st quarter. Pioneer Investment Management Inc. now owns 58,469 shares of the medical technology company’s stock valued at $7,697,000 after acquiring an additional 12,520 shares during the period. 74.10% of the stock is owned by institutional investors and hedge funds.

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A number of research firms have recently weighed in on SYK. Royal Bank Of Canada reissued a “buy” rating and set a $155.00 target price on shares of Stryker Corporation in a research report on Monday, October 2nd. SunTrust Banks, Inc. reissued a “buy” rating and set a $161.00 target price on shares of Stryker Corporation in a research report on Monday, October 2nd. BidaskClub raised shares of Stryker Corporation from a “hold” rating to a “buy” rating in a research report on Thursday, August 17th. Cowen and Company reissued a “buy” rating and set a $160.00 target price (up from $150.00) on shares of Stryker Corporation in a research report on Sunday, July 30th. Finally, Zacks Investment Research downgraded shares of Stryker Corporation from a “buy” rating to a “hold” rating in a research report on Wednesday, August 23rd. Three investment analysts have rated the stock with a sell rating, eight have issued a hold rating and twelve have issued a buy rating to the company. The company presently has a consensus rating of “Hold” and a consensus price target of $146.78.

Shares of Stryker Corporation (NYSE SYK) opened at 147.29 on Tuesday. The firm has a 50-day moving average of $143.05 and a 200 day moving average of $140.60. Stryker Corporation has a 1-year low of $106.48 and a 1-year high of $149.23. The stock has a market capitalization of $55.10 billion, a PE ratio of 32.88 and a beta of 0.81.

Stryker Corporation (NYSE:SYK) last posted its quarterly earnings results on Thursday, July 27th. The medical technology company reported $1.53 earnings per share for the quarter, topping the Zacks’ consensus estimate of $1.51 by $0.02. The business had revenue of $3.01 billion during the quarter, compared to analyst estimates of $2.98 billion. Stryker Corporation had a net margin of 14.22% and a return on equity of 24.26%. The company’s revenue was up 6.1% on a year-over-year basis. During the same period in the prior year, the business posted $1.39 earnings per share. Analysts predict that Stryker Corporation will post $6.45 EPS for the current year.

The company also recently declared a quarterly dividend, which will be paid on Tuesday, October 31st. Shareholders of record on Friday, September 29th will be given a $0.425 dividend. The ex-dividend date is Thursday, September 28th. This represents a $1.70 dividend on an annualized basis and a dividend yield of 1.15%. Stryker Corporation’s payout ratio is currently 37.95%.

In other Stryker Corporation news, insider Graham A. Mclean sold 1,124 shares of the company’s stock in a transaction that occurred on Tuesday, August 8th. The shares were sold at an average price of $146.26, for a total value of $164,396.24. Following the completion of the transaction, the insider now directly owns 8,983 shares in the company, valued at $1,313,853.58. The transaction was disclosed in a document filed with the SEC, which is accessible through the SEC website. Also, insider Lonny J. Carpenter sold 5,000 shares of the company’s stock in a transaction that occurred on Friday, August 4th. The stock was sold at an average price of $146.36, for a total transaction of $731,800.00. Following the completion of the transaction, the insider now owns 88,207 shares of the company’s stock, valued at $12,909,976.52. The disclosure for this sale can be found here. Corporate insiders own 7.40% of the company’s stock.

Stryker Corporation Company Profile

Stryker Corporation is a medical technology company. The Company offers a range of medical technologies, including orthopedic, medical and surgical, and neurotechnology and spine products. The Company’s segments include Orthopaedics; MedSurg; Neurotechnology and Spine, and Corporate and Other. The Orthopaedics segment includes reconstructive (hip and knee) and trauma implant systems and other related products.

Institutional Ownership by Quarter for Stryker Corporation (NYSE:SYK)

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