National Pension Service Has $252.81 Million Holdings in Stryker Corporation $SYK

National Pension Service lifted its stake in shares of Stryker Corporation (NYSE:SYKFree Report) by 2.4% in the 3rd quarter, according to the company in its most recent 13F filing with the SEC. The institutional investor owned 683,867 shares of the medical technology company’s stock after acquiring an additional 16,254 shares during the quarter. National Pension Service’s holdings in Stryker were worth $252,805,000 as of its most recent filing with the SEC.

A number of other institutional investors have also made changes to their positions in SYK. Vanguard Group Inc. lifted its stake in shares of Stryker by 1.3% in the second quarter. Vanguard Group Inc. now owns 33,500,571 shares of the medical technology company’s stock worth $13,253,831,000 after buying an additional 440,607 shares during the last quarter. State Street Corp raised its holdings in Stryker by 1.0% in the 2nd quarter. State Street Corp now owns 14,956,732 shares of the medical technology company’s stock worth $5,929,765,000 after acquiring an additional 150,204 shares during the period. Geode Capital Management LLC lifted its position in Stryker by 1.1% during the 2nd quarter. Geode Capital Management LLC now owns 7,393,611 shares of the medical technology company’s stock worth $2,910,445,000 after acquiring an additional 79,654 shares during the last quarter. Alliancebernstein L.P. boosted its holdings in Stryker by 307.6% during the second quarter. Alliancebernstein L.P. now owns 5,596,508 shares of the medical technology company’s stock valued at $2,214,146,000 after acquiring an additional 4,223,366 shares during the period. Finally, Norges Bank acquired a new stake in shares of Stryker in the second quarter valued at about $1,882,173,000. 77.09% of the stock is owned by institutional investors.

Wall Street Analyst Weigh In

Several research firms recently weighed in on SYK. Citizens Jmp raised Stryker from a “market perform” rating to an “outperform” rating and set a $440.00 price objective for the company in a research report on Friday, December 19th. Sanford C. Bernstein lifted their price target on Stryker from $450.00 to $465.00 and gave the stock an “outperform” rating in a research report on Friday, January 9th. Truist Financial reduced their price objective on Stryker from $400.00 to $392.00 and set a “hold” rating for the company in a research report on Thursday, December 18th. UBS Group set a $408.00 price objective on shares of Stryker in a research note on Monday, October 13th. Finally, Citigroup reiterated a “market outperform” rating on shares of Stryker in a research note on Friday. Twelve analysts have rated the stock with a Buy rating and six have assigned a Hold rating to the company’s stock. Based on data from MarketBeat.com, the company has an average rating of “Moderate Buy” and an average price target of $426.95.

View Our Latest Report on Stryker

Insider Transactions at Stryker

In related news, Director Ronda E. Stryker sold 276,173 shares of the firm’s stock in a transaction that occurred on Thursday, November 6th. The stock was sold at an average price of $353.28, for a total transaction of $97,566,397.44. Following the completion of the transaction, the director owned 2,702,108 shares in the company, valued at $954,600,714.24. This trade represents a 9.27% decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through the SEC website. Also, CAO William E. Berry, Jr. sold 1,953 shares of the company’s stock in a transaction on Friday, November 14th. The shares were sold at an average price of $365.49, for a total value of $713,801.97. Following the completion of the sale, the chief accounting officer owned 2,833 shares in the company, valued at $1,035,433.17. This trade represents a 40.81% decrease in their ownership of the stock. The disclosure for this sale is available in the SEC filing. In the last ninety days, insiders sold 522,118 shares of company stock valued at $185,381,932. Corporate insiders own 5.90% of the company’s stock.

Stryker Trading Up 4.3%

Shares of Stryker stock opened at $369.39 on Friday. Stryker Corporation has a 52-week low of $329.16 and a 52-week high of $404.87. The firm has a market capitalization of $141.26 billion, a PE ratio of 43.97, a price-to-earnings-growth ratio of 2.27 and a beta of 0.89. The company has a debt-to-equity ratio of 0.68, a current ratio of 1.85 and a quick ratio of 1.13. The company’s fifty day moving average price is $359.40 and its two-hundred day moving average price is $371.66.

Stryker (NYSE:SYKGet Free Report) last issued its earnings results on Thursday, January 29th. The medical technology company reported $4.47 earnings per share for the quarter, beating the consensus estimate of $4.40 by $0.07. The business had revenue of $7.17 billion for the quarter, compared to analyst estimates of $7.12 billion. Stryker had a net margin of 12.92% and a return on equity of 24.73%. The firm’s revenue was up 11.4% on a year-over-year basis. During the same period in the previous year, the business earned $4.01 EPS. On average, analysts expect that Stryker Corporation will post 13.47 EPS for the current year.

Stryker Increases Dividend

The business also recently disclosed a quarterly dividend, which was paid on Friday, January 30th. Stockholders of record on Wednesday, December 31st were paid a $0.88 dividend. The ex-dividend date was Wednesday, December 31st. This represents a $3.52 annualized dividend and a dividend yield of 1.0%. This is an increase from Stryker’s previous quarterly dividend of $0.84. Stryker’s dividend payout ratio is currently 46.25%.

Trending Headlines about Stryker

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Stryker Profile

(Free Report)

Stryker Corporation is a global medical technology company that designs, manufactures and markets a broad range of products and services for use in hospitals, surgeons’ offices and other healthcare facilities. Its primary business activities span orthopedics (including joint replacement implants, trauma and extremities products), surgical equipment and operating room technologies (such as visualization, navigation and powered instruments), neurotechnology and spine solutions, and patient-handling and emergency medical equipment.

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Institutional Ownership by Quarter for Stryker (NYSE:SYK)

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