Insider Selling: Stryker Director Sells 14,000 Shares of Stock (SYK)
Stryker (NYSE:SYK) Director Ronda E. Stryker sold 14,000 shares of the company’s stock in a transaction dated Thursday, May 29th. The stock was sold at an average price of $83.02, for a total transaction of $1,162,280.00. Following the completion of the transaction, the director now directly owns 174,605 shares in the company, valued at approximately $14,495,707. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link.
Several analysts have recently commented on the stock. 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 investment analysts have rated the stock with a hold rating and seven have issued a buy rating to the company. The stock currently has a consensus rating of “Hold” and an average price target of $81.13.
Stryker (NYSE:SYK) traded up 0.45% on Friday, hitting $84.27. 1,364,022 shares of the company’s stock traded hands. 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 $79.47 and a 200-day moving average of $78.22. The company has a market cap of $31.946 billion and a price-to-earnings ratio of 41.55.
Stryker (NYSE:SYK) last released its 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. On average, analysts predict that Stryker will post $4.82 earnings per share for the current fiscal year.
The company also recently announced a quarterly dividend, which is scheduled for Thursday, July 31st. Shareholders of record on Monday, June 30th will be paid a dividend of $0.305 per share. This represents a $1.22 annualized dividend and a dividend yield of 1.45%. The ex-dividend date is Thursday, June 26th.
Stryker Corporation (NYSE:SYK) is a medical technology company.
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