Stryker Corporation (SYK) Shares Bought by Baltimore Washington Financial Advisors Inc.

Baltimore Washington Financial Advisors Inc. raised its stake in Stryker Corporation (NYSE:SYK) by 1.4% during the 3rd quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The firm owned 65,576 shares of the medical technology company’s stock after acquiring an additional 889 shares during the quarter. Stryker Corporation comprises 2.1% of Baltimore Washington Financial Advisors Inc.’s holdings, making the stock its 12th largest position. Baltimore Washington Financial Advisors Inc.’s holdings in Stryker Corporation were worth $9,313,000 as of its most recent filing with the Securities & Exchange Commission.

A number of other institutional investors also recently added to or reduced their stakes in SYK. Acrospire Investment Management LLC bought a new position in shares of Stryker Corporation during the second quarter worth approximately $111,000. Motco increased its holdings in shares of Stryker Corporation by 50.7% during the second 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. Bollard Group LLC increased its holdings in shares of Stryker Corporation by 0.4% during the second quarter. Bollard Group LLC now owns 832 shares of the medical technology company’s stock worth $115,000 after purchasing an additional 3 shares during the period. Bruderman Asset Management LLC bought a new position in shares of Stryker Corporation during the second quarter worth approximately $150,000. Finally, James Investment Research Inc. bought a new position in shares of Stryker Corporation during the second quarter worth approximately $155,000. 74.09% of the stock is currently owned by hedge funds and other institutional investors.

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In other Stryker Corporation news, insider Graham A. Mclean sold 1,124 shares of the firm’s stock in a transaction dated Tuesday, August 8th. The shares were sold at an average price of $146.26, for a total transaction of $164,396.24. Following the completion of the sale, the insider now directly owns 8,983 shares in the company, valued at approximately $1,313,853.58. The transaction was disclosed in a document filed with the SEC, which can be accessed through the SEC website. Also, insider Lonny J. Carpenter sold 5,000 shares of the firm’s stock in a transaction dated Friday, August 4th. The shares were sold at an average price of $146.36, for a total transaction of $731,800.00. Following the sale, the insider now owns 88,207 shares of the company’s stock, valued at $12,909,976.52. The disclosure for this sale can be found here. 7.40% of the stock is owned by company insiders.

Several research analysts have recently commented on SYK shares. BMO Capital Markets reaffirmed a “hold” rating and set a $140.00 target price on shares of Stryker Corporation in a report on Tuesday, July 11th. Wells Fargo & Company increased their price target on shares of Stryker Corporation from $160.00 to $166.00 in a research report on Friday. Barclays PLC increased their price target on shares of Stryker Corporation from $137.00 to $148.00 and gave the stock an “underweight” rating in a research report on Friday. Oppenheimer Holdings, Inc. reiterated a “hold” rating on shares of Stryker Corporation in a research report on Wednesday, August 23rd. Finally, Morgan Stanley reiterated an “overweight” rating and set a $160.00 price target (up previously from $155.00) on shares of Stryker Corporation in a research report on Monday, July 10th. Two research analysts have rated the stock with a sell rating, ten have assigned a hold rating and twelve have given a buy rating to the company’s stock. The company currently has a consensus rating of “Hold” and a consensus price target of $150.86.

Shares of Stryker Corporation (NYSE:SYK) opened at 159.74 on Friday. Stryker Corporation has a 1-year low of $106.48 and a 1-year high of $160.62. The firm has a 50-day moving average of $145.58 and a 200 day moving average of $141.82. The company has a market capitalization of $59.75 billion, a P/E ratio of 35.66 and a beta of 0.80.

Stryker Corporation (NYSE:SYK) last issued its quarterly earnings results on Thursday, October 26th. The medical technology company reported $1.52 earnings per share (EPS) for the quarter, topping the Thomson Reuters’ consensus estimate of $1.50 by $0.02. The company had revenue of $3.01 billion during the quarter, compared to analyst estimates of $2.97 billion. Stryker Corporation had a net margin of 14.67% and a return on equity of 24.52%. Stryker Corporation’s quarterly revenue was up 6.1% compared to the same quarter last year. During the same period last year, the business earned $1.39 EPS. On average, equities research analysts expect that Stryker Corporation will post $6.44 earnings per share for the current year.

The firm also recently declared a quarterly dividend, which will be paid on Tuesday, October 31st. Investors of record on Friday, September 29th will be paid a $0.425 dividend. The ex-dividend date is Thursday, September 28th. This represents a $1.70 annualized dividend and a dividend yield of 1.06%. Stryker Corporation’s payout ratio is 36.32%.

About Stryker Corporation

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.

Institutional Ownership by Quarter for Stryker Corporation (NYSE:SYK)

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