There has been some buying and selling insider activity on Stryker Corporation Common Stoc (NYSE:SYK) recently. Yesterday Director Ronda E. Stryker disclosed the sale of 18,000 shares. The shares were sold on September 26th for a price of $117.56. The Director now owns $880,316,671 of the stock according to the SEC filing. Howard E. Jr Cox, Director reported the sale of 9,448 shares of (SYK). The shares were purchased at an average price of $117.02. Cox now owns $64,914,739 of the stock per the Form 4 SEC filing.
Director Roch Doliveux bought 46 shares at an average price of $115.39 on Fri the 29th. That brings the Director’s holdings to $2,033,287 per an SEC filing yesterday.
Here are a few additional firms who have increased or decreased their stake in (SYK). Evercore Wealth Management, LLC bolstered its stake by buying 111 shares an increase of 0.3% as of 06/30/2016. Evercore Wealth Management, LLC owns 31,947 shares valued at $3,828,000. The total value of its holdings increased 12.1%. As of the end of the quarter BNP Paribas Investment Partners S.A. had disposed of a total of 68,780 shares trimming its position 96.2%. The value of the investment in Stryker Corporation Common Stoc decreased from $6,647,000 to $329,000 decreasing 95.1% since the last quarter.
As of quarter end Twin Tree Management, Lp had sold 4,507 shares trimming its holdings by 67.6%. The value of the company’s investment in Stryker Corporation Common Stoc went from $538,000 to $200,000 a change of $338,000 for the reporting period. As of quarter end Williams Jones & Associates LLC had bought 69,192 shares growing its stake by 2,767.7%. The value in dollars increased from $232,000 to $8,591,000 a change of 3,603.0% quarter to quarter.
On June 9 analysts at Guggenheim Securities added the stock to its research portfolio with a rating of “Buy”. On April 27 the company was upgraded from “Neutral” to “Buy” by analysts at Sterne Agee CRT.
On April 13 the stock rating was downgraded to “Neutral” from “Outperform” in a statement from Baird. Barclays started covering the stock setting a rating of “Underweight” and a price target of $107.00.
On March 17, 2016 Nomura initiated coverage by announcing an initial rating of “Neutral” and setting a price target of $115.00. February 1 investment analysts at Deutsche Bank maintained a stock rating of “Buy” but raised the price expectation from $107.00 to $113.00.
The company is trading down since yesterday’s close of $117.42. Additionally Stryker Corporation Common Stoc recently declared a dividend which will be paid on Monday the 31st of October 2016. The dividend payment will be $0.380 per share for the quarter which comes to $1.52 on an annualized basis. The dividend yield will be $1.29. The ex-dividend date is set for Tuesday the 28th of June 2016.
Shares of the company are trading at $117.25 barely above $114.67, the 50 day moving average and just a bit higher than the 200 day moving average of $113.29. The 50 day moving average went up $2.58 or +2.253% and the 200 day average moved up $3.97.
The P/E ratio is 27.641 and the market cap is 43.89B. As of the latest earnings report the EPS was $4.24 and is expected to be $5.76 for the current year with 374,302,000 shares now outstanding. Analysts expect next quarter’s EPS will be $1.76 and the next full year EPS is projected to be $6.40.