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.
Instagram is testing a standalone messaging app because why not
The Verge reports Instagram is now testing Direct in five countries: Chile, Israel, Italy, Portugal, Turkey, and Uruguay. The private messaging feature of Instagram is to be removed from the service and replaced with a standalone app.
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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