ASR Vermogensbeheer N.V. Buys 5,761 Shares of Stryker Corporation $SYK

Key Points

• ASR Vermogensbeheer N.V. increased its stake in Stryker Corporation by 25.9%, acquiring an additional 5,761 shares and bringing its total holdings to 27,978 shares worth approximately $11.07 million.
• Stryker Corporation reported earnings of $3.13 per share, exceeding analysts' expectations, and achieved a revenue of $6.02 billion for the quarter, a 11.1% increase from the previous year.
• The company announced a quarterly dividend of $0.84 per share, to be paid on October 31st, representing an annualized yield of 0.9% with a payout ratio of 44.5%.

ASR Vermogensbeheer N.V. increased its stake in shares of Stryker Corporation (NYSE:SYK - Free Report) by 25.9% in the second quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 27,978 shares of the medical technology company's stock after purchasing an additional 5,761 shares during the period. ASR Vermogensbeheer N.V.'s holdings in Stryker were worth $11,068,000 as of its most recent SEC filing.

Other hedge funds and other institutional investors have also recently added to or reduced their stakes in the company. Mogy Joel R Investment Counsel Inc. increased its stake in Stryker by 3.4% in the first quarter. Mogy Joel R Investment Counsel Inc. now owns 98,216 shares of the medical technology company's stock valued at $36,561,000 after purchasing an additional 3,218 shares in the last quarter. Ferguson Wellman Capital Management Inc. grew its holdings in shares of Stryker by 1.9% in the 1st quarter. Ferguson Wellman Capital Management Inc. now owns 174,871 shares of the medical technology company's stock valued at $65,096,000 after buying an additional 3,341 shares during the period. Harbor Capital Advisors Inc. bought a new stake in shares of Stryker in the 1st quarter valued at $1,840,000. Mar Vista Investment Partners LLC raised its stake in Stryker by 10.2% during the 1st quarter. Mar Vista Investment Partners LLC now owns 90,187 shares of the medical technology company's stock worth $33,572,000 after buying an additional 8,353 shares during the period. Finally, United Services Automobile Association bought a new position in Stryker during the first quarter worth about $2,857,000. Institutional investors own 77.09% of the company's stock.

Stryker Stock Up 0.6%

Stryker stock opened at $366.50 on Friday. The company has a fifty day simple moving average of $383.47 and a 200 day simple moving average of $378.96. The company has a current ratio of 1.78, a quick ratio of 1.06 and a debt-to-equity ratio of 0.70. Stryker Corporation has a 1-year low of $329.16 and a 1-year high of $406.19. The company has a market cap of $140.12 billion, a P/E ratio of 48.54, a price-to-earnings-growth ratio of 2.62 and a beta of 0.94.

Stryker (NYSE:SYK - Get Free Report) last announced its quarterly earnings data on Thursday, July 31st. The medical technology company reported $3.13 earnings per share for the quarter, beating the consensus estimate of $3.07 by $0.06. The company had revenue of $6.02 billion during the quarter, compared to analysts' expectations of $5.92 billion. Stryker had a return on equity of 23.94% and a net margin of 12.25%.Stryker's revenue for the quarter was up 11.1% compared to the same quarter last year. During the same quarter last year, the company earned $2.81 EPS. Stryker has set its FY 2025 guidance at 13.400-13.600 EPS. Research analysts anticipate that Stryker Corporation will post 13.47 earnings per share for the current fiscal year.

Stryker Announces Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Friday, October 31st. Stockholders of record on Tuesday, September 30th will be paid a dividend of $0.84 per share. The ex-dividend date is Tuesday, September 30th. This represents a $3.36 dividend on an annualized basis and a dividend yield of 0.9%. Stryker's dividend payout ratio is currently 44.50%.

Insider Buying and Selling at Stryker

In related news, Director Ronda E. Stryker sold 200,000 shares of the firm's stock in a transaction on Wednesday, August 6th. The shares were sold at an average price of $376.45, for a total value of $75,290,000.00. Following the completion of the transaction, the director directly owned 3,222,108 shares of the company's stock, valued at approximately $1,212,962,556.60. This trade represents a 5.84% decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, insider Viju Menon sold 500 shares of Stryker stock in a transaction dated Monday, August 25th. The shares were sold at an average price of $390.61, for a total transaction of $195,305.00. Following the completion of the transaction, the insider directly owned 12,511 shares of the company's stock, valued at approximately $4,886,921.71. This trade represents a 3.84% decrease in their position. The disclosure for this sale can be found here. 5.90% of the stock is currently owned by company insiders.

Wall Street Analysts Forecast Growth

Several brokerages have issued reports on SYK. Wells Fargo & Company increased their price target on Stryker from $435.00 to $445.00 and gave the stock an "overweight" rating in a report on Friday, August 1st. Rothschild Redb raised Stryker to a "hold" rating in a research note on Thursday, September 18th. Wall Street Zen cut shares of Stryker from a "buy" rating to a "hold" rating in a report on Friday, September 26th. Rothschild & Co Redburn assumed coverage on shares of Stryker in a report on Thursday, September 18th. They set a "neutral" rating and a $420.00 price objective on the stock. Finally, Redburn Partners set a $420.00 target price on shares of Stryker in a research note on Thursday, September 18th. Fourteen research analysts have rated the stock with a Buy rating and six have given a Hold rating to the company. Based on data from MarketBeat, the company has a consensus rating of "Moderate Buy" and an average target price of $430.33.

Stryker Company Profile

Stryker Corporation operates as a medical technology company. The company operates through two segments, MedSurg and Neurotechnology, and Orthopaedics and Spine. The Orthopaedics and Spine segment provides implants for use in total joint replacements, such as hip, knee and shoulder, and trauma and extremities surgeries.

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