Stryker Director Sells $1,152,760 in Stock (SYK)
Stryker (NYSE:SYK) Director Ronda E. Stryker sold 14,000 shares of the company’s stock in a transaction that occurred on Friday, August 22nd. The shares were sold at an average price of $82.34, for a total transaction of $1,152,760.00. Following the sale, the director now directly owns 174,605 shares of the company’s stock, valued at approximately $14,376,976. The sale was disclosed in a filing with the SEC, which can be accessed through this link.
SYK has been the subject of a number of recent research reports. 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 analysts have rated the stock with a hold rating and eight have issued a buy rating to the company. The stock currently has an average rating of “Buy” and a consensus target price of $86.18.
Shares of Stryker (NYSE:SYK) traded up 0.96% on Monday, hitting $82.93. The stock had a trading volume of 1,044,535 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 $81.47 and its 200-day moving average is $81.47. The company has a market cap of $31.396 billion and a P/E ratio of 45.89.
Stryker (NYSE:SYK) last posted its quarterly 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. Stockholders of record on Tuesday, September 30th will be paid a dividend of $0.305 per share. This represents a $1.22 dividend on an annualized basis and a yield of 1.47%. The ex-dividend date of this dividend is Friday, September 26th.
Stryker Corporation (NYSE:SYK) is a medical technology company.
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