Natixis Advisors LLC boosted its stake in shares of Stryker Co. (NYSE:SYK – Free Report) by 16.9% during the 4th quarter, HoldingsChannel.com reports. The institutional investor owned 184,817 shares of the medical technology company’s stock after buying an additional 26,730 shares during the quarter. Natixis Advisors LLC’s holdings in Stryker were worth $66,543,000 at the end of the most recent quarter.
Several other hedge funds also recently added to or reduced their stakes in the company. Kohmann Bosshard Financial Services LLC purchased a new stake in shares of Stryker in the fourth quarter worth approximately $25,000. Dunhill Financial LLC boosted its position in Stryker by 94.9% in the 3rd quarter. Dunhill Financial LLC now owns 76 shares of the medical technology company’s stock valued at $27,000 after buying an additional 37 shares during the period. Rakuten Securities Inc. grew its stake in Stryker by 618.2% in the 4th quarter. Rakuten Securities Inc. now owns 79 shares of the medical technology company’s stock worth $28,000 after acquiring an additional 68 shares in the last quarter. Centricity Wealth Management LLC purchased a new position in shares of Stryker during the fourth quarter worth approximately $30,000. Finally, BankPlus Trust Department bought a new stake in Stryker during the 4th quarter valued at $33,000. 77.09% of the stock is currently owned by institutional investors.
Insider Buying and Selling
In other news, Director Ronda E. Stryker sold 201,392 shares of the business’s stock in a transaction that occurred on Friday, January 31st. The stock was sold at an average price of $392.24, for a total transaction of $78,993,998.08. Following the transaction, the director now directly owns 3,642,075 shares in the company, valued at $1,428,567,498. The trade was a 5.24 % decrease in their position. The sale was disclosed in a document filed with the SEC, which is available at this hyperlink. Also, Director Allan C. Golston sold 2,458 shares of the stock in a transaction that occurred on Tuesday, February 18th. The shares were sold at an average price of $383.07, for a total value of $941,586.06. Following the completion of the sale, the director now directly owns 14,895 shares of the company’s stock, valued at approximately $5,705,827.65. This represents a 14.16 % decrease in their position. The disclosure for this sale can be found here. 5.90% of the stock is owned by company insiders.
Wall Street Analysts Forecast Growth
Read Our Latest Research Report on Stryker
Stryker Stock Up 1.7 %
SYK stock opened at $369.96 on Friday. The firm has a market cap of $141.17 billion, a PE ratio of 47.68, a P/E/G ratio of 2.93 and a beta of 0.95. Stryker Co. has a one year low of $314.93 and a one year high of $406.19. The company has a debt-to-equity ratio of 0.59, a quick ratio of 1.32 and a current ratio of 1.95. The firm’s fifty day moving average is $383.04 and its 200 day moving average is $373.48.
Stryker (NYSE:SYK – Get Free Report) last announced its earnings results on Tuesday, January 28th. The medical technology company reported $4.01 earnings per share for the quarter, topping the consensus estimate of $3.87 by $0.14. Stryker had a return on equity of 23.58% and a net margin of 13.25%. During the same quarter in the prior year, the business posted $3.46 earnings per share. On average, research analysts forecast that Stryker Co. will post 13.47 EPS for the current year.
Stryker Announces Dividend
The company also recently disclosed a quarterly dividend, which will be paid on Wednesday, April 30th. Shareholders of record on Monday, March 31st will be paid a dividend of $0.84 per share. The ex-dividend date of this dividend is Monday, March 31st. This represents a $3.36 annualized dividend and a yield of 0.91%. Stryker’s dividend payout ratio (DPR) is currently 43.30%.
About Stryker
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.
Recommended Stories
- Five stocks we like better than Stryker
- What Investors Must Know About Over-the-Counter (OTC) Stocks
- Ignore Reports, Apple Won’t Install Starlink with iOS 18.3
- What does consumer price index measure?
- Casey’s Uptrend Remains Strong—New Highs on the Horizon
- What Are Earnings Reports?
- Taiwan Semiconductor’s Huge U.S. Move—Stock Impact Ahead
Want to see what other hedge funds are holding SYK? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for Stryker Co. (NYSE:SYK – Free Report).
Receive News & Ratings for Stryker Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Stryker and related companies with MarketBeat.com's FREE daily email newsletter.