Stryker Director Ronda E. Stryker Sells 7,000 Shares (SYK)
Stryker (NYSE:SYK) Director Ronda E. Stryker unloaded 7,000 shares of the stock on the open market in a transaction that occurred on Tuesday, August 12th. The stock was sold at an average price of $79.80, for a total transaction of $558,600.00. Following the completion of the sale, the director now directly owns 174,605 shares in the company, valued at approximately $13,933,479. The transaction was disclosed in a legal 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 Needham & Company LLC upgraded shares of Stryker from a “hold” rating to a “buy” rating in a research note on Tuesday. Separately, 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. Finally, 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. Eight investment analysts have rated the stock with a hold rating and eight have issued a buy rating to the company. The company presently has a consensus rating of “Buy” and an average target price of $86.18.
Stryker (NYSE:SYK) traded up 1.46% on Wednesday, hitting $80.75. 1,629,498 shares of the company’s stock traded hands. Stryker has a 52 week low of $66.44 and a 52 week high of $86.93. The stock’s 50-day moving average is $82.13 and its 200-day moving average is $81.28. The company has a market cap of $30.570 billion and a price-to-earnings ratio of 44.46. Stryker also was the recipient of some unusual options trading on Wednesday. Investors purchased 1,534 call options on the stock. This is an increase of 200% compared to the average daily volume of 511 call options.
Stryker (NYSE:SYK) last announced its earnings results 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. 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. Shareholders 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 1.53%. The ex-dividend date is Friday, September 26th.
Stryker Corporation (NYSE:SYK) is a medical technology company.
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