Insider Selling: Stryker Director Sells 2,062 Shares of Stock (SYK)
Stryker (NYSE:SYK) Director William U. Parfet sold 2,062 shares of the company’s stock on the open market in a transaction dated Wednesday, May 14th. The shares were sold at an average price of $80.10, for a total transaction of $165,166.20. Following the sale, the director now directly owns 272,119 shares of the company’s stock, valued at approximately $21,796,732. The sale was disclosed in a filing with the SEC, which is available at this link.
A number of research firms have recently commented on SYK. Analysts at Zacks reiterated a “neutral” rating on shares of Stryker in a research note on Friday, April 25th. They now have a $82.00 price target on the stock. Separately, analysts at JPMorgan Chase & Co. cut their price target on shares of Stryker from $83.00 to $82.00 in a research note on Thursday, April 24th. Finally, analysts at Canaccord Genuity raised their price target on shares of Stryker from $82.00 to $85.00 in a research note on Thursday, April 24th. They now have a “buy” rating on the stock. Eight analysts have rated the stock with a hold rating and seven have given a buy rating to the stock. The stock has a consensus rating of “Hold” and an average target price of $81.13.
Stryker (NYSE:SYK) opened at 79.12 on Friday. Stryker has a 52-week low of $63.71 and a 52-week high of $84.85. The stock has a 50-day moving average of $79.74 and a 200-day moving average of $77.73. The company has a market cap of $29.994 billion and a P/E ratio of 39.19.
Stryker (NYSE:SYK) last issued its quarterly earnings data on Wednesday, April 23rd. The company reported $1.06 earnings per share (EPS) for the quarter, missing the consensus estimate of $1.09 by $0.03. The company had revenue of $2.31 billion for the quarter, compared to the consensus estimate of $2.33 billion. During the same quarter in the previous year, the company posted $1.03 earnings per share. The company’s revenue for the quarter was up 5.3% on a year-over-year basis. Analysts expect that Stryker will post $4.82 EPS for the current fiscal year.
The company also recently declared a quarterly dividend, which is scheduled for Thursday, July 31st. Shareholders of record on Monday, June 30th will be given a dividend of $0.305 per share. This represents a $1.22 dividend on an annualized basis and a yield of 1.54%. The ex-dividend date of this dividend is Thursday, June 26th.
Stryker Corporation (NYSE:SYK) is a medical technology company.
Get Analysts' Upgrades and Downgrades via Email - Stay on top of analysts' coverage with Analyst Ratings Network's FREE daily email newsletter that provides a concise list of analysts' upgrades and downgrades. Click here to register now.