Stryker Corp Stock as Institutional Investors Enter

Stryker Corporation (NYSE:SYK) Logo

Sentiment for Stryker Corp (NYSE:SYK)

Stryker Corp (NYSE:SYK) institutional sentiment increased to 1.03 in 2019 Q2. Its up 0.01, from 1.02 in 2019Q1. The ratio is positive, as 392 investment managers started new and increased positions, while 379 sold and reduced stakes in Stryker Corp. The investment managers in our partner’s database now have: 263.36 million shares, down from 265.08 million shares in 2019Q1. Also, the number of investment managers holding Stryker Corp in their top 10 positions decreased from 53 to 50 for a decrease of 3. Sold All: 42 Reduced: 337 Increased: 301 New Position: 91.

Stryker Corporation, together with its subsidiaries, operates as a medical technology company. The company has market cap of $81.62 billion. It operates through three divisions: Orthopaedics; MedSurg; and Neurotechnology and Spine. It has a 23.34 P/E ratio. The Orthopaedics segment offers implants for use in hip and knee joint replacements, and trauma and extremities surgeries.

The stock decreased 0.85% or $1.86 during the last trading session, reaching $218.18. About 684,412 shares traded. Stryker Corporation (NYSE:SYK) has risen 27.15% since September 13, 2018 and is uptrending. It has outperformed by 27.15% the S&P500.

Analysts await Stryker Corporation (NYSE:SYK) to report earnings on October, 24. They expect $1.90 earnings per share, up 12.43 % or $0.21 from last year’s $1.69 per share. SYK’s profit will be $710.80 million for 28.71 P/E if the $1.90 EPS becomes a reality. After $1.98 actual earnings per share reported by Stryker Corporation for the previous quarter, Wall Street now forecasts -4.04 % negative EPS growth.

Greenleaf Trust holds 72.1% of its portfolio in Stryker Corporation for 22.15 million shares. Bonness Enterprises Inc owns 70,600 shares or 9.06% of their US portfolio. Moreover, Clenar Muke Llc has 7.85% invested in the company for 124,485 shares. The United Kingdom-based Fundsmith Llp has invested 6.21% in the stock. Long Road Investment Counsel Llc, a Michigan-based fund reported 50,710 shares.

Since January 1, 0001, it had 2 insider purchases, and 0 sales for $16,843 activity.

Stryker Corporation (NYSE:SYK) Ratings Coverage

Ratings analysis reveals 91% of Stryker Corporation’s analysts are positive. Out of 11 Wall Street analysts rating Stryker Corporation, 10 give it “Buy”, 0 “Sell” rating, while 1 recommend “Hold”. The lowest target is $19000 while the high is $24000. The stock’s average target of $224.45 is 2.87% above today’s ($218.18) share price. SYK was included in 19 notes of analysts from March 15, 2019. The stock has “Outperform” rating by Robert W. Baird on Friday, July 26. J.P. Morgan maintained Stryker Corporation (NYSE:SYK) on Tuesday, March 19 with “Buy” rating. The firm earned “Outperform” rating on Wednesday, April 24 by Robert W. Baird. Barclays Capital maintained Stryker Corporation (NYSE:SYK) rating on Monday, April 15. Barclays Capital has “Overweight” rating and $211 target. Piper Jaffray maintained the stock with “Overweight” rating in Friday, July 26 report. As per Monday, March 18, the company rating was maintained by BTIG Research. The firm has “Neutral” rating given on Wednesday, April 24 by Cantor Fitzgerald. The firm earned “Buy” rating on Wednesday, April 24 by Canaccord Genuity. Cantor Fitzgerald maintained Stryker Corporation (NYSE:SYK) on Friday, July 26 with “Neutral” rating. Cowen & Co maintained Stryker Corporation (NYSE:SYK) on Friday, March 15 with “Buy” rating.

More notable recent Stryker Corporation (NYSE:SYK) news were published by: Globenewswire.com which released: “Stryker announces definitive agreement to acquire Mobius Imaging & Cardan Robotics – GlobeNewswire” on September 04, 2019, also Finance.Yahoo.com with their article: “Terry Smith: The British Fund Manager Beating Buffett – Yahoo Finance” published on September 03, 2019, Finance.Yahoo.com published: “Is It Too Late To Consider Buying Stryker Corporation (NYSE:SYK)? – Yahoo Finance” on August 26, 2019. More interesting news about Stryker Corporation (NYSE:SYK) were released by: Finance.Yahoo.com and their article: “Is Stryker Corporation (NYSE:SYK) A High Quality Stock To Own? – Yahoo Finance” published on August 12, 2019 as well as Finance.Yahoo.com‘s news article titled: “Is Stryker Corporation (SYK) A Good Stock To Buy? – Yahoo Finance” with publication date: June 11, 2019.

Stryker Corporation (NYSE:SYK) Institutional Positions Chart

Receive News & Ratings Via Email - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings with our FREE daily email newsletter.