Stryker Co. (NYSE:SYK) Shares Sold by Private Advisor Group LLC
Private Advisor Group LLC reduced its position in shares of Stryker Co. (NYSE:SYK) by 44.6% during the 4th quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The institutional investor owned 6,344 shares of the medical technology company’s stock after selling 5,103 shares during the period. Private Advisor Group LLC’s holdings in Stryker were worth $1,026,000 at the end of the most recent reporting period.
Several other hedge funds have also recently bought and sold shares of the stock. Retirement Systems of Alabama grew its stake in Stryker by 2.5% during the 3rd quarter. Retirement Systems of Alabama now owns 234,870 shares of the medical technology company’s stock worth $33,356,000 after buying an additional 5,656 shares during the last quarter. Toronto Dominion Bank grew its stake in Stryker by 25.8% during the 2nd quarter. Toronto Dominion Bank now owns 105,403 shares of the medical technology company’s stock worth $14,625,000 after buying an additional 21,585 shares during the last quarter. Cornerstone Capital Management Holdings LLC. grew its stake in Stryker by 3.1% during the 3rd quarter. Cornerstone Capital Management Holdings LLC. now owns 55,255 shares of the medical technology company’s stock worth $7,847,000 after buying an additional 1,683 shares during the last quarter. Signature Estate & Investment Advisors LLC grew its stake in Stryker by 5.7% during the 4th quarter. Signature Estate & Investment Advisors LLC now owns 14,958 shares of the medical technology company’s stock worth $2,316,000 after buying an additional 804 shares during the last quarter. Finally, Steward Partners Investment Advisory LLC bought a new position in Stryker during the 3rd quarter worth $538,000. 75.71% of the stock is currently owned by institutional investors and hedge funds.
In other news, Director Howard E. Cox, Jr. sold 7,400 shares of the company’s stock in a transaction on Friday, February 2nd. The stock was sold at an average price of $164.09, for a total transaction of $1,214,266.00. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through this link. Also, insider Lonny J. Carpenter sold 5,000 shares of the company’s stock in a transaction on Friday, February 2nd. The shares were sold at an average price of $163.76, for a total value of $818,800.00. Following the sale, the insider now directly owns 94,253 shares of the company’s stock, valued at $15,434,871.28. The disclosure for this sale can be found here. Over the last ninety days, insiders have sold 43,611 shares of company stock valued at $7,178,719. 7.40% of the stock is currently owned by company insiders.
Shares of Stryker Co. (SYK) traded down $0.73 during mid-day trading on Wednesday, reaching $166.38. The company had a trading volume of 736,549 shares, compared to its average volume of 1,480,000. Stryker Co. has a fifty-two week low of $129.82 and a fifty-two week high of $170.00. The company has a market capitalization of $62,330.00, a PE ratio of 33.96, a P/E/G ratio of 2.41 and a beta of 0.70. The company has a debt-to-equity ratio of 0.66, a current ratio of 2.29 and a quick ratio of 1.59.
Stryker (NYSE:SYK) last announced its earnings results on Tuesday, January 30th. The medical technology company reported $1.96 earnings per share for the quarter, beating the Thomson Reuters’ consensus estimate of $1.95 by $0.01. Stryker had a return on equity of 24.56% and a net margin of 8.20%. The business had revenue of $3.47 billion during the quarter, compared to analysts’ expectations of $3.42 billion. During the same quarter last year, the business posted $1.78 earnings per share. The company’s quarterly revenue was up 9.9% on a year-over-year basis. sell-side analysts expect that Stryker Co. will post 7.12 EPS for the current year.
The business also recently announced a quarterly dividend, which will be paid on Monday, April 30th. Stockholders of record on Thursday, March 29th will be issued a dividend of $0.47 per share. This represents a $1.88 annualized dividend and a dividend yield of 1.13%. The ex-dividend date is Wednesday, March 28th. Stryker’s dividend payout ratio is 38.37%.
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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.
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