Cwm LLC Purchases 282 Shares of Stryker Corporation $SYK
by Jessica Moore · The Cerbat GemCwm LLC boosted its position in Stryker Corporation (NYSE:SYK – Free Report) by 1.6% in the 2nd quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The fund owned 17,652 shares of the medical technology company’s stock after purchasing an additional 282 shares during the period. Cwm LLC’s holdings in Stryker were worth $6,984,000 as of its most recent filing with the Securities and Exchange Commission (SEC).
Other institutional investors have also added to or reduced their stakes in the company. Sachetta LLC lifted its stake in Stryker by 58.7% in the second quarter. Sachetta LLC now owns 73 shares of the medical technology company’s stock worth $29,000 after purchasing an additional 27 shares during the last quarter. Goodman Advisory Group LLC bought a new stake in shares of Stryker during the first quarter valued at approximately $32,000. Ridgewood Investments LLC raised its stake in shares of Stryker by 48.4% during 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 bought a new stake in shares of Stryker during the first quarter valued at approximately $37,000. Finally, Smallwood Wealth Investment Management LLC bought a new stake in shares of Stryker during the first quarter valued at approximately $40,000. Institutional investors own 77.09% of the company’s stock.
Analysts Set New Price Targets
SYK has been the subject of several research analyst reports. Evercore ISI decreased their price target on shares of Stryker from $418.00 to $410.00 and set an “outperform” rating for the company in a research note on Tuesday, October 7th. Redburn Partners set a $420.00 price target on shares of Stryker in a research note on Thursday, September 18th. UBS Group set a $408.00 price target on shares of Stryker in a research note on Monday. Wells Fargo & Company lifted their price target on shares of Stryker from $435.00 to $445.00 and gave the company an “overweight” rating in a research note on Friday, August 1st. Finally, Truist Financial reduced their price objective on shares of Stryker from $415.00 to $407.00 and set a “hold” rating for the company in a research note on Wednesday. Fifteen investment analysts have rated the stock with a Buy rating and six have given a Hold rating to the stock. Based on data from MarketBeat.com, the company has an average rating of “Moderate Buy” and a consensus target price of $431.76.
Check Out Our Latest Analysis on Stryker
Stryker Stock Performance
Shares of NYSE:SYK opened at $369.60 on Thursday. The company has a market capitalization of $141.30 billion, a price-to-earnings ratio of 48.95, a price-to-earnings-growth ratio of 2.67 and a beta of 0.94. Stryker Corporation has a 52 week low of $329.16 and a 52 week high of $406.19. The company has a quick ratio of 1.06, a current ratio of 1.78 and a debt-to-equity ratio of 0.70. The firm has a 50 day moving average of $379.60 and a 200 day moving average of $378.78.
Stryker (NYSE:SYK – Get Free Report) last issued its quarterly earnings data on Thursday, July 31st. The medical technology company reported $3.13 EPS for the quarter, topping analysts’ consensus estimates of $3.07 by $0.06. Stryker had a net margin of 12.25% and a return on equity of 23.94%. The company had revenue of $6.02 billion during the quarter, compared to the consensus estimate of $5.92 billion. During the same quarter in the previous year, the firm posted $2.81 earnings per share. Stryker’s revenue for the quarter was up 11.1% compared to the same quarter last year. Stryker has set its FY 2025 guidance at 13.400-13.600 EPS. On average, sell-side analysts predict that Stryker Corporation will post 13.47 earnings per share for the current fiscal year.
Stryker Dividend Announcement
The company also recently declared a quarterly dividend, which will be paid on Friday, October 31st. Shareholders of record on Tuesday, September 30th will be issued a $0.84 dividend. This represents a $3.36 annualized dividend and a yield of 0.9%. The ex-dividend date of this dividend is Tuesday, September 30th. Stryker’s payout ratio is currently 44.50%.
Insider Buying and Selling at Stryker
In other Stryker news, insider Viju Menon sold 500 shares of Stryker stock in a transaction 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 transaction, the insider directly owned 12,511 shares of the company’s stock, valued at approximately $4,886,921.71. The trade was a 3.84% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, Director Ronda E. Stryker sold 200,000 shares of Stryker stock in a transaction on Wednesday, August 6th. The stock was 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 in the company, valued at $1,212,962,556.60. This represents a 5.84% decrease in their ownership of the stock. The disclosure for this sale can be found here. 5.90% of the stock is currently owned by insiders.
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.
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