Stryker Corporation (NYSE:SYK) Stock Holdings Lifted by Kentucky Retirement Systems

Kentucky Retirement Systems raised its position in Stryker Corporation (NYSE:SYK - Free Report) by 4.9% during the first quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 24,715 shares of the medical technology company's stock after purchasing an additional 1,154 shares during the quarter. Kentucky Retirement Systems' holdings in Stryker were worth $9,200,000 at the end of the most recent quarter.

Other institutional investors and hedge funds have also recently bought and sold shares of the company. Kohmann Bosshard Financial Services LLC acquired a new stake in shares of Stryker in the fourth quarter worth about $25,000. Capital A Wealth Management LLC acquired a new stake in shares of Stryker in the fourth quarter worth about $26,000. Rakuten Securities Inc. lifted its position in shares of Stryker by 618.2% in the fourth quarter. Rakuten Securities Inc. now owns 79 shares of the medical technology company's stock worth $28,000 after buying an additional 68 shares during the last quarter. Centricity Wealth Management LLC acquired a new stake in shares of Stryker in the fourth quarter worth about $30,000. Finally, BankPlus Trust Department acquired a new stake in shares of Stryker in the fourth quarter worth about $33,000. Hedge funds and other institutional investors own 77.09% of the company's stock.

Insider Activity

In other news, Director Ronda E. Stryker sold 200,000 shares of the company's stock in a transaction that occurred on Tuesday, May 6th. The stock was sold at an average price of $376.96, for a total value of $75,392,000.00. Following the sale, the director now directly owns 3,417,326 shares in the company, valued at approximately $1,288,195,208.96. This represents a 5.53% decrease in their position. The transaction was disclosed in a document filed with the SEC, which is accessible through this link. Corporate insiders own 5.90% of the company's stock.

Analysts Set New Price Targets

SYK has been the subject of a number of analyst reports. Needham & Company LLC reaffirmed a "buy" rating and issued a $442.00 price target on shares of Stryker in a research report on Friday, March 21st. Sanford C. Bernstein set a $450.00 price objective on Stryker in a research report on Monday, May 5th. The Goldman Sachs Group set a $422.00 price objective on Stryker in a research report on Tuesday, March 4th. Citigroup reissued a "buy" rating and set a $455.00 price objective (up previously from $443.00) on shares of Stryker in a research report on Thursday, May 22nd. Finally, BTIG Research set a $403.00 price objective on Stryker and gave the stock a "buy" rating in a research report on Monday, April 14th. Four equities research analysts have rated the stock with a hold rating and sixteen have issued a buy rating to the company. Based on data from MarketBeat.com, the company has a consensus rating of "Moderate Buy" and a consensus price target of $427.30.

Stryker Trading Up 0.6%

Stryker stock opened at $375.44 on Friday. The business has a 50 day moving average price of $374.95 and a two-hundred day moving average price of $375.20. The company has a quick ratio of 1.00, a current ratio of 1.64 and a debt-to-equity ratio of 0.69. The stock has a market cap of $143.30 billion, a price-to-earnings ratio of 50.73, a price-to-earnings-growth ratio of 2.83 and a beta of 0.91. Stryker Corporation has a 12 month low of $314.93 and a 12 month high of $406.19.

Stryker (NYSE:SYK - Get Free Report) last released its quarterly earnings data on Thursday, May 1st. The medical technology company reported $2.84 earnings per share for the quarter, beating the consensus estimate of $2.73 by $0.11. Stryker had a return on equity of 23.74% and a net margin of 12.31%. The company had revenue of $5.87 billion for the quarter, compared to analyst estimates of $5.68 billion. During the same period in the prior year, the company posted $2.50 EPS. The company's revenue was up 11.9% compared to the same quarter last year. As a group, equities analysts forecast that Stryker Corporation will post 13.47 EPS for the current year.

Stryker Announces Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Thursday, July 31st. Stockholders of record on Monday, June 30th will be paid a $0.84 dividend. The ex-dividend date of this dividend is Monday, June 30th. This represents a $3.36 annualized dividend and a dividend yield of 0.89%. Stryker's dividend payout ratio is currently 45.41%.

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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