Shares of Stryker Corporation (NYSE:SYK) have received a consensus recommendation of “Hold” from the twenty-five research firms that are currently covering the stock, MarketBeat.com reports. Two equities research analysts have rated the stock with a sell recommendation, ten have assigned a hold recommendation and thirteen have issued a buy recommendation on the company. The average 12 month target price among analysts that have issued ratings on the stock in the last year is $152.94.

Several brokerages have recently issued reports on SYK. Cantor Fitzgerald restated a “neutral” rating on shares of Stryker in a research report on Friday. Royal Bank of Canada restated a “buy” rating and issued a $155.00 price objective on shares of Stryker in a research report on Monday, October 2nd. SunTrust Banks restated a “buy” rating and issued a $161.00 price objective on shares of Stryker in a research report on Monday, October 2nd. Wells Fargo & Co restated an “outperform” rating and issued a $174.00 price objective (up from $166.00) on shares of Stryker in a research report on Tuesday. They noted that the move was a valuation call. Finally, Oppenheimer set a $156.00 price objective on Stryker and gave the company a “hold” rating in a research report on Monday, October 30th.

In related news, insider Lonny J. Carpenter sold 5,000 shares of the stock in a transaction dated Friday, November 3rd. The stock was sold at an average price of $155.34, for a total transaction of $776,700.00. Following the transaction, the insider now directly owns 83,207 shares in the company, valued at $12,925,375.38. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. Corporate insiders own 7.40% of the company’s stock.

Institutional investors have recently added to or reduced their stakes in the company. Acrospire Investment Management LLC purchased a new position in shares of Stryker in the 2nd quarter worth about $111,000. Motco raised its holdings in shares of Stryker by 50.7% in the 2nd quarter. Motco now owns 826 shares of the medical technology company’s stock worth $115,000 after purchasing an additional 278 shares during the period. San Francisco Sentry Investment Group CA raised its holdings in shares of Stryker by 47.8% in the 3rd quarter. San Francisco Sentry Investment Group CA now owns 1,005 shares of the medical technology company’s stock worth $143,000 after purchasing an additional 325 shares during the period. Bruderman Asset Management LLC purchased a new position in shares of Stryker in the 2nd quarter worth about $150,000. Finally, BB&T Investment Services Inc. acquired a new stake in shares of Stryker in the second quarter valued at about $178,000. Institutional investors own 74.90% of the company’s stock.

Stryker (NYSE:SYK) traded down $0.05 during trading on Friday, reaching $158.74. The company’s stock had a trading volume of 862,400 shares, compared to its average volume of 1,107,267. The company has a debt-to-equity ratio of 0.63, a current ratio of 2.37 and a quick ratio of 1.61. The firm has a market capitalization of $60,200.00, a price-to-earnings ratio of 33.85, a price-to-earnings-growth ratio of 2.27 and a beta of 0.78. Stryker has a 12 month low of $116.50 and a 12 month high of $160.62.

Stryker (NYSE:SYK) last posted its earnings results on Thursday, October 26th. The medical technology company reported $1.52 earnings per share for the quarter, beating the Thomson Reuters’ consensus estimate of $1.50 by $0.02. Stryker had a return on equity of 24.11% and a net margin of 14.67%. The company had revenue of $3.01 billion for the quarter, compared to analyst estimates of $2.97 billion. During the same quarter in the prior year, the company earned $1.39 earnings per share. Stryker’s revenue was up 6.1% compared to the same quarter last year. equities research analysts anticipate that Stryker will post 6.47 earnings per share for the current fiscal year.

The firm also recently announced a quarterly dividend, which will be paid on Wednesday, January 31st. Investors of record on Friday, December 29th will be given a dividend of $0.47 per share. The ex-dividend date is Thursday, December 28th. This is an increase from Stryker’s previous quarterly dividend of $0.43. This represents a $1.88 annualized dividend and a yield of 1.18%. Stryker’s dividend payout ratio is 40.09%.

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Stryker Company Profile

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.

Analyst Recommendations for Stryker (NYSE:SYK)

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