Insider Selling: Stryker Director Sells 21,000 Shares of Stock (SYK)
Stryker (NYSE:SYK) Director Ronda E. Stryker sold 21,000 shares of Stryker stock on the open market in a transaction that occurred on Tuesday, June 3rd. The stock was sold at an average price of $84.64, for a total value of $1,777,440.00. Following the completion of the transaction, the director now directly owns 174,605 shares of the company’s stock, valued at approximately $14,778,567. The sale was disclosed in a document filed with the Securities & Exchange Commission, 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 issued a buy rating to the company. The stock currently has a consensus rating of “Hold” and an average target price of $81.13.
Stryker (NYSE:SYK) traded up 0.74% on Tuesday, hitting $85.46. The stock had a trading volume of 1,687,441 shares. Stryker has a 52 week low of $63.71 and a 52 week high of $85.61. The stock has a 50-day moving average of $79.77 and a 200-day moving average of $78.45. The company has a market cap of $32.397 billion and a P/E ratio of 42.02.
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. 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. Investors 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 1.43%. The ex-dividend date is Thursday, June 26th.
Stryker Corporation (NYSE:SYK) is a medical technology company.
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