Kevin Lobo Sells 57,313 Shares of Stryker Co. (NYSE:SYK) Stock

Stryker Co. (NYSE:SYK - Get Free Report) CEO Kevin Lobo sold 57,313 shares of Stryker stock in a transaction on Thursday, November 7th. The stock was sold at an average price of $368.70, for a total transaction of $21,131,303.10. Following the completion of the transaction, the chief executive officer now owns 100,027 shares in the company, valued at approximately $36,879,954.90. The trade was a 0.00 % decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this hyperlink.

Stryker Stock Up 1.7 %

Shares of SYK traded up $6.13 during trading hours on Friday, hitting $375.96. The company had a trading volume of 1,009,226 shares, compared to its average volume of 1,254,526. The stock has a market capitalization of $143.32 billion, a price-to-earnings ratio of 40.30, a P/E/G ratio of 2.78 and a beta of 0.91. The firm has a fifty day moving average price of $361.46 and a 200-day moving average price of $345.63. Stryker Co. has a 52-week low of $266.93 and a 52-week high of $377.83. The company has a debt-to-equity ratio of 0.66, a quick ratio of 1.22 and a current ratio of 1.91.

Stryker (NYSE:SYK - Get Free Report) last released its quarterly earnings data on Tuesday, October 29th. The medical technology company reported $2.87 earnings per share for the quarter, beating analysts' consensus estimates of $2.77 by $0.10. The business had revenue of $5.49 billion during the quarter, compared to analyst estimates of $5.37 billion. Stryker had a net margin of 16.34% and a return on equity of 23.07%. Stryker's revenue was up 11.9% compared to the same quarter last year. During the same period last year, the business earned $2.46 EPS. On average, equities research analysts forecast that Stryker Co. will post 12.06 EPS for the current fiscal year.

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Analysts Set New Price Targets

SYK has been the subject of several recent analyst reports. Morgan Stanley upped their price objective on shares of Stryker from $345.00 to $350.00 and gave the company an "equal weight" rating in a research note on Monday, July 15th. Barclays upped their price target on Stryker from $402.00 to $418.00 and gave the company an "overweight" rating in a research report on Thursday, October 31st. Truist Financial lifted their price objective on Stryker from $370.00 to $380.00 and gave the stock a "hold" rating in a research report on Wednesday, October 30th. BTIG Research upped their price objective on shares of Stryker from $383.00 to $394.00 and gave the stock a "buy" rating in a report on Wednesday, October 30th. Finally, Needham & Company LLC raised their target price on shares of Stryker from $393.00 to $409.00 and gave the stock a "buy" rating in a research report on Wednesday, October 30th. Five analysts have rated the stock with a hold rating and sixteen have issued a buy rating to the stock. According to data from MarketBeat.com, Stryker has an average rating of "Moderate Buy" and an average price target of $393.65.

Hedge Funds Weigh In On Stryker

Several hedge funds and other institutional investors have recently added to or reduced their stakes in the business. Centennial Bank AR boosted its position in shares of Stryker by 106.7% during the second quarter. Centennial Bank AR now owns 93 shares of the medical technology company's stock valued at $32,000 after buying an additional 48 shares during the last quarter. Darwin Wealth Management LLC bought a new position in Stryker during the 3rd quarter valued at about $36,000. Central Pacific Bank Trust Division purchased a new stake in shares of Stryker during the 1st quarter valued at about $39,000. Hara Capital LLC bought a new stake in shares of Stryker in the third quarter worth approximately $42,000. Finally, HBW Advisory Services LLC purchased a new position in shares of Stryker during the third quarter valued at approximately $42,000. 77.09% of the stock is owned by institutional investors.

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.