Yousif Capital Management LLC Lowers Position in Stryker Corporation $SYK

Key Points

• Yousif Capital Management LLC reduced its position in Stryker Corporation by 1.6%, now holding 51,981 shares worth approximately $20.57 million.
• Stryker announced a quarterly dividend of $0.84 per share, with a payout ratio of 44.50%, to be paid on October 31.
• The company's latest earnings report revealed $3.13 EPS, exceeding analyst expectations, with a revenue increase of 11.1% year-over-year, reaching $6.02 billion.

Yousif Capital Management LLC decreased its position in Stryker Corporation (NYSE:SYK - Free Report) by 1.6% during the 2nd quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 51,981 shares of the medical technology company's stock after selling 825 shares during the period. Yousif Capital Management LLC's holdings in Stryker were worth $20,565,000 at the end of the most recent quarter.

Other hedge funds and other institutional investors have also made changes to their positions in the company. Sachetta LLC boosted its holdings in shares of Stryker by 58.7% in the second quarter. Sachetta LLC now owns 73 shares of the medical technology company's stock valued at $29,000 after acquiring an additional 27 shares in the last quarter. Goodman Advisory Group LLC purchased a new stake in shares of Stryker in the first quarter valued at about $32,000. Ridgewood Investments LLC boosted its holdings in shares of Stryker by 48.4% in the second quarter. Ridgewood Investments LLC now owns 92 shares of the medical technology company's stock valued at $36,000 after acquiring an additional 30 shares in the last quarter. Ransom Advisory Ltd purchased a new stake in shares of Stryker in the first quarter valued at about $37,000. Finally, Smallwood Wealth Investment Management LLC purchased a new stake in shares of Stryker in the first quarter valued at about $40,000. Hedge funds and other institutional investors own 77.09% of the company's stock.

Stryker Stock Performance

Shares of SYK opened at $364.77 on Monday. The company has a current ratio of 1.78, a quick ratio of 1.06 and a debt-to-equity ratio of 0.70. The stock has a market cap of $139.45 billion, a P/E ratio of 48.31, a PEG ratio of 2.63 and a beta of 0.94. The company has a 50-day moving average of $380.25 and a two-hundred day moving average of $378.90. Stryker Corporation has a 12-month low of $329.16 and a 12-month high of $406.19.

Stryker (NYSE:SYK - Get Free Report) last announced its earnings results on Thursday, July 31st. The medical technology company reported $3.13 earnings per share (EPS) for the quarter, topping analysts' consensus estimates 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 net margin of 12.25% and a return on equity of 23.94%. The firm's quarterly revenue was up 11.1% compared to the same quarter last year. During the same quarter in the previous year, the business posted $2.81 earnings per share. Stryker has set its FY 2025 guidance at 13.400-13.600 EPS. As a group, research analysts predict that Stryker Corporation will post 13.47 EPS for the current fiscal year.

Stryker Dividend Announcement

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

Wall Street Analysts Forecast Growth

Several analysts have recently weighed in on SYK shares. Truist Financial set a $415.00 target price on shares of Stryker and gave the company a "hold" rating in a report on Monday, August 4th. Rothschild & Co Redburn started 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. Evercore ISI decreased their price objective on shares of Stryker from $418.00 to $410.00 and set an "outperform" rating on the stock in a report on Tuesday, October 7th. Wall Street Zen downgraded shares of Stryker from a "buy" rating to a "hold" rating in a report on Friday, September 26th. Finally, Wells Fargo & Company boosted their price objective on shares of Stryker from $435.00 to $445.00 and gave the stock an "overweight" rating in a report on Friday, August 1st. Fifteen equities research analysts have rated the stock with a Buy rating and six have assigned a Hold rating to the company. According to MarketBeat.com, the stock has an average rating of "Moderate Buy" and an average target price of $430.10.

Insider Buying and Selling

In other news, insider Viju Menon sold 500 shares of the business's stock in a transaction that occurred on Monday, August 25th. The shares were sold at an average price of $390.61, for a total value of $195,305.00. Following the completion of the transaction, the insider owned 12,511 shares of the company's stock, valued at $4,886,921.71. The trade was a 3.84% decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is available at the SEC website. Also, Director Ronda E. Stryker sold 200,000 shares of the business's stock in a transaction that occurred on Wednesday, August 6th. The shares were sold at an average price of $376.45, for a total transaction 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 represents a 5.84% decrease in their position. The disclosure for this sale can be found here. Insiders own 5.90% of the company's stock.

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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