Stryker Co. (NYSE:SYK)‘s stock had its “hold” rating reiterated by analysts at Oppenheimer Holdings, Inc. in a report released on Monday.

Other equities analysts also recently issued reports about the stock. Deutsche Bank AG restated a “buy” rating and issued a $148.00 price target (up from $135.00) on shares of Stryker in a research note on Saturday, April 29th. Canaccord Genuity restated a “buy” rating and issued a $137.00 price target on shares of Stryker in a research note on Monday, February 27th. BidaskClub downgraded shares of Stryker from a “strong-buy” rating to a “buy” rating in a research note on Tuesday, June 13th. Jefferies Group LLC restated a “hold” rating and issued a $132.00 price target on shares of Stryker in a research note on Thursday, April 13th. Finally, BMO Capital Markets restated a “hold” rating and issued a $125.00 price target on shares of Stryker in a research note on Tuesday, April 11th. Three investment analysts have rated the stock with a sell rating, seven have issued a hold rating and twelve have given a buy rating to the company’s stock. The stock currently has a consensus rating of “Hold” and a consensus price target of $134.29.

Analyst Recommendations for Stryker (NYSE:SYK)

Stryker (NYSE SYK) traded down 0.94% during trading on Monday, hitting $140.91. 776,858 shares of the stock were exchanged. Stryker has a 52 week low of $106.48 and a 52 week high of $145.62. The firm has a 50-day moving average of $138.95 and a 200-day moving average of $128.75. The stock has a market capitalization of $52.67 billion, a price-to-earnings ratio of 31.67 and a beta of 0.81.

Stryker (NYSE:SYK) last released its quarterly earnings results on Tuesday, April 25th. The medical technology company reported $1.48 EPS for the quarter, beating the Thomson Reuters’ consensus estimate of $1.43 by $0.05. Stryker had a net margin of 15.03% and a return on equity of 18.50%. The business had revenue of $2.96 billion for the quarter, compared to the consensus estimate of $2.90 billion. During the same period in the prior year, the company posted $1.24 earnings per share. Stryker’s revenue was up 18.4% compared to the same quarter last year. Equities research analysts anticipate that Stryker will post $6.43 earnings per share for the current fiscal year.

The business also recently announced a quarterly dividend, which will be paid on Monday, July 31st. Stockholders of record on Friday, June 30th will be issued a $0.425 dividend. The ex-dividend date is Wednesday, June 28th. This represents a $1.70 dividend on an annualized basis and a dividend yield of 1.20%. Stryker’s dividend payout ratio (DPR) is currently 38.20%.

TRADEMARK VIOLATION WARNING: “Oppenheimer Holdings, Inc. Reiterates “Hold” Rating for Stryker Co. (SYK)” was first reported by American Banking News and is owned by of American Banking News. If you are reading this piece of content on another website, it was illegally copied and reposted in violation of U.S. & international copyright legislation. The original version of this piece of content can be accessed at https://www.americanbankingnews.com/2017/06/19/oppenheimer-holdings-inc-reiterates-hold-rating-for-stryker-co-syk.html.

In other news, insider David Floyd sold 7,381 shares of the stock in a transaction dated Monday, June 5th. The shares were sold at an average price of $144.70, for a total value of $1,068,030.70. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, insider Timothy J. Scannell sold 13,322 shares of the stock in a transaction dated Tuesday, May 2nd. The stock was sold at an average price of $135.89, for a total transaction of $1,810,326.58. The disclosure for this sale can be found here. 7.40% of the stock is currently owned by corporate insiders.

A number of hedge funds and other institutional investors have recently modified their holdings of SYK. Personal Capital Advisors Corp acquired a new position in shares of Stryker during the first quarter worth about $267,000. Asset Management One Co. Ltd. raised its position in shares of Stryker by 1,227.6% in the fourth quarter. Asset Management One Co. Ltd. now owns 601,118 shares of the medical technology company’s stock worth $72,060,000 after buying an additional 555,841 shares during the period. Aviva PLC raised its position in shares of Stryker by 20.9% in the fourth quarter. Aviva PLC now owns 246,275 shares of the medical technology company’s stock worth $29,519,000 after buying an additional 42,537 shares during the period. Massmutual Trust Co. FSB ADV acquired a new position in shares of Stryker during the fourth quarter worth about $3,069,000. Finally, Dimensional Fund Advisors LP raised its position in shares of Stryker by 3.4% in the fourth quarter. Dimensional Fund Advisors LP now owns 602,507 shares of the medical technology company’s stock worth $72,189,000 after buying an additional 19,584 shares during the period. Institutional investors and hedge funds own 74.26% of the company’s stock.

About Stryker

Stryker Corporation is a medical technology company. The Company offers a range of medical technologies, including orthopedic, medical and surgical, and neurotechnology and spine products. The Company’s segments include Orthopaedics; MedSurg; Neurotechnology and Spine, and Corporate and Other. The Orthopaedics segment includes reconstructive (hip and knee) and trauma implant systems and other related products.

Receive News & Ratings for Stryker Co. Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Stryker Co. and related companies with MarketBeat.com's FREE daily email newsletter.