Stryker Director Ronda E. Stryker Sells 14,000 Shares (SYK)
Stryker (NYSE:SYK) Director Ronda E. Stryker sold 14,000 shares of the company’s stock on the open market in a transaction that occurred on Friday, August 15th. The stock was sold at an average price of $80.69, for a total value of $1,129,660.00. Following the sale, the director now directly owns 174,605 shares of the company’s stock, valued at approximately $14,088,877. The transaction was disclosed in a document filed with the SEC, which is available at this link.
A number of research firms have recently commented on SYK. Analysts at Needham & Company LLC upgraded shares of Stryker from a “hold” rating to a “buy” rating in a research note on Tuesday, August 12th. 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 stock. The stock has an average rating of “Buy” and a consensus target price of $86.18.
Stryker (NYSE:SYK) traded down 0.56% during mid-day trading on Friday, hitting $80.47. The stock had a trading volume of 907,225 shares. 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 $81.8 and its 200-day moving average is $81.30. The company has a market cap of $30.464 billion and a price-to-earnings ratio of 45.21.
Stryker (NYSE:SYK) last posted its quarterly earnings results 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 declared a quarterly dividend, which is scheduled for Friday, October 31st. Stockholders 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 1.52%. The ex-dividend date of this dividend is Friday, September 26th.
Stryker Corporation (NYSE:SYK) is a medical technology company.
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