The medical technology company reported $1.52 earnings per share for the quarter, beating the Thomson Reuters' consensus estimate of $1.50 by $0.02.
A number of other institutional investors have also modified their holdings of SYK. San Francisco Sentry Investment Group CA raised its stake in shares of Stryker by 47.8% in the third quarter. BB&T Investment Services Inc. now owns 3,159 shares of the medical technology company's stock worth $455,000 after purchasing an additional 1,900 shares in the last quarter. CWA Asset Management Group LLC increased its holdings in shares of Stryker by 2.4% in the 1st quarter. Parametric Portfolio Associates LLC now owns 10,888 shares of the medical technology company's stock worth $150,000 after buying an additional 573 shares during the period. Brookmont Capital Management grew its position in shares of Stryker by 9.5% during the third quarter. During the same period in the previous year, the company posted $1.39 EPS. equities analysts expect that Stryker will post 6.47 earnings per share for the current year. Finally, Thrivent Financial For Lutherans increased its holdings in shares of Stryker by 8.0% in the 1st quarter. Motco now owns 826 shares of the medical technology company's stock valued at $115,000 after acquiring an additional 278 shares in the last quarter. Hedge funds and other institutional investors own 74.97% of the company's stock.
Stryker Corporation (SYK) traded down $0.33 during trading hours on Wednesday, reaching $152.03. 982,400 shares of the company were exchanged, compared to its average volume of 1,181,520. Stryker Corporation has a 12 month low of $111.22 and a 12 month high of $160.62. The company has a debt-to-equity ratio of 0.63, a current ratio of 2.37 and a quick ratio of 1.61. The stock has a market cap of $57,018.84, a price-to-earnings ratio of 24.15, a price-to-earnings-growth ratio of 2.40 and a beta of 0.78.
Middle East airline profits set to double
This led cargo volumes to grow at twice the pace of the expansion in world trade of 4.3 per cent. And the IATA said growth is expected to continue in 2018 by almost $1 billion to $16.4 billion.
Stryker (NYSE:SYK) last posted its quarterly earnings data on Thursday, October 26th. Commerzbank Aktiengesellschaft FI now owns 49,160 shares of the medical technology company's stock worth $6,982,000 after acquiring an additional 38,293 shares during the last quarter. The firm had revenue of $3.01 billion for the quarter, compared to analyst estimates of $2.97 billion. Stryker Corporation had a return on equity of 24.11% and a net margin of 14.67%. The stock was acquired at an average price of $12.24 per share, with a total value of $122,400.00. Following the completion of the transaction, the insider now owns 83,207 shares in the company, valued at approximately $12,925,375.38. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at the SEC website. Company insiders own 7.40% of the company's stock.
ILLEGAL ACTIVITY NOTICE: "Stryker Corporation (SYK) Given Consensus Rating of "Hold" by Analysts" was reported by The Lincolnian Online and is the sole property of of The Lincolnian Online. Needham & Company LLC upgraded Stryker from an underperform rating to a hold rating in a research note on Friday, August 25th. Cowen set a $160.00 target price on Stryker and gave the company a "buy" rating in a report on Friday, October 6th. Robert W. Baird raised Stryker from a "neutral" rating to an "outperform" rating and raised their price objective for the stock from $161.00 to $173.00 in a research note on Thursday, November 16th. BidaskClub downgraded Stryker from a "buy" rating to a "hold" rating in a research note on Saturday, August 26th. Two research analysts have rated the stock with a sell rating, ten have assigned a hold rating and thirteen have issued a buy rating to the stock. The average 1 year price objective among analysts that have issued ratings on the stock in the last year is $151.40. The original version of this news story can be read at https://www.dispatchtribunal.com/2017/12/07/somewhat-positive-media-coverage-somewhat-unlikely-to-impact-stryker-corporation-syk-share-price.html.
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