Stryker Director Ronda E. Stryker Sells 21,000 Shares (SYK)
Stryker (NYSE:SYK) Director Ronda E. Stryker unloaded 21,000 shares of the stock in a transaction dated Friday, August 8th. The shares were sold at an average price of $79.93, for a total transaction of $1,678,530.00. Following the sale, the director now directly owns 174,605 shares in the company, valued at approximately $13,956,178. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at this link.
A number of analysts have recently weighed in on SYK shares. 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 analysts have rated the stock with a hold rating and eight have issued a buy rating to the company’s stock. Stryker presently has an average rating of “Hold” and an average target price of $85.89.
Shares of Stryker (NYSE:SYK) traded up 0.71% during mid-day trading on Friday, hitting $79.81. The stock had a trading volume of 1,133,618 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 $82.81 and a 200-day moving average of $81.22. The company has a market cap of $30.215 billion and a P/E ratio of 44.27.
Stryker (NYSE:SYK) last issued its quarterly earnings data on Thursday, July 17th. The company reported $1.08 earnings per share for the quarter, meeting the analysts’ 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 last year, the company posted $1.00 earnings per share. Stryker’s revenue was up 6.8% compared to the same quarter last year. Analysts expect that Stryker will post $4.77 EPS for the current fiscal year.
The company also recently declared a quarterly dividend, which is scheduled for Friday, October 31st. Investors of record on Tuesday, September 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 1.53%. The ex-dividend date of this dividend is Friday, September 26th.
Stryker Corporation (NYSE:SYK) is a medical technology company.
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