Stryker VP Katherine Ann Owen Unloads 35,000 Shares (SYK)
Stryker (NYSE:SYK) VP Katherine Ann Owen sold 35,000 shares of the company’s stock in a transaction that occurred on Friday, August 1st. The shares were sold at an average price of $79.97, for a total value of $2,798,950.00. Following the completion of the transaction, the vice president now directly owns 13,519 shares in the company, valued at approximately $1,081,114. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this link.
Stryker (NYSE:SYK) traded up 0.73% during mid-day trading on Monday, hitting $80.58. The stock had a trading volume of 1,183,479 shares. Stryker has a 52 week low of $66.44 and a 52 week high of $86.93. The stock has a 50-day moving average of $83.24 and a 200-day moving average of $81.17. The company has a market cap of $30.506 billion and a P/E ratio of 44.69.
Stryker (NYSE:SYK) last issued its quarterly earnings data on Thursday, July 17th. The company reported $1.08 EPS for the quarter, meeting the Thomson Reuters consensus estimate of $1.08. The company had revenue of $2.36 billion for the quarter, compared to the consensus estimate of $2.35 billion. During the same quarter in the prior year, the company posted $1.00 earnings per share. The company’s quarterly revenue was up 6.8% on a year-over-year basis. On average, analysts predict that Stryker will post $4.77 earnings per share for the current fiscal year.
The company also recently announced a quarterly dividend, which is scheduled for Friday, October 31st. Stockholders of record on Tuesday, September 30th will be paid a dividend of $0.305 per share. This represents a $1.22 annualized dividend and a dividend yield of 1.51%. The ex-dividend date is Friday, September 26th.
Several analysts have recently commented on the stock. Analysts at Zacks reiterated a “neutral” rating on shares of Stryker in a research note on Monday, July 21st. They now have a $86.00 price target on the stock. Separately, analysts at Citigroup Inc. reiterated a “neutral” rating on shares of Stryker in a research note on Monday, July 21st. They now have a $90.00 price target on the stock, up previously from $85.00. Finally, analysts at Cantor Fitzgerald reiterated a “hold” rating on shares of Stryker in a research note on Friday, July 18th. Nine research analysts have rated the stock with a hold rating and eight have issued a buy rating to the company. The stock currently has a consensus rating of “Hold” and an average target price of $85.89.
Stryker Corporation (NYSE:SYK) is a medical technology company.
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