Insider Selling: Stryker Director Sells 21,000 Shares of Stock (SYK)
Stryker (NYSE:SYK) Director Ronda E. Stryker sold 21,000 shares of the company’s stock on the open market in a transaction dated Friday, June 6th. The shares were sold at an average price of $85.66, for a total transaction of $1,798,860.00. Following the completion of the transaction, the director now directly owns 174,605 shares in the company, valued at approximately $14,956,664. The transaction was disclosed in a legal filing with the SEC, which can be accessed through this link.
A number of analysts have recently weighed in on SYK shares. Analysts at Bernstein raised their price target on shares of Stryker from $84.00 to $89.00 in a research note on Wednesday. Separately, 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. Finally, 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. Eight analysts have rated the stock with a hold rating and seven have issued a buy rating to the stock. The stock presently has an average rating of “Hold” and a consensus target price of $81.63.
Stryker (NYSE:SYK) traded down 0.27% during mid-day trading on Friday, hitting $85.55. 849,065 shares of the company’s stock traded hands. Stryker has a 52-week low of $63.71 and a 52-week high of $86.08. The stock’s 50-day moving average is $80.31 and its 200-day moving average is $78.64. The company has a market cap of $32.431 billion and a P/E ratio of 42.49.
Stryker (NYSE:SYK) last issued its quarterly earnings data on Wednesday, April 23rd. The company reported $1.06 EPS for the quarter, missing the Thomson Reuters 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 prior year, the company posted $1.03 earnings per share. The company’s quarterly revenue 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. Stockholders 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 1.42%. The ex-dividend date of this dividend is Thursday, June 26th.
Stryker Corporation (NYSE:SYK) is a medical technology company.
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