Municipal Employees Retirement System of Michigan decreased its holdings in Stryker Corporation (NYSE:SYK) by 10.0% in the third quarter, according to its most recent filing with the Securities and Exchange Commission. The firm owned 14,960 shares of the medical technology company’s stock after selling 1,670 shares during the quarter. Municipal Employees Retirement System of Michigan’s holdings in Stryker Corporation were worth $2,124,000 at the end of the most recent reporting period.

A number of other hedge funds and other institutional investors have also added to or reduced their stakes in SYK. BlackRock Inc. raised its holdings in Stryker Corporation by 2,526.4% in the 1st quarter. BlackRock Inc. now owns 21,976,771 shares of the medical technology company’s stock worth $2,893,242,000 after purchasing an additional 21,140,000 shares during the period. Koch Industries Inc. raised its holdings in Stryker Corporation by 34,120.3% in the 2nd quarter. Koch Industries Inc. now owns 1,260,675 shares of the medical technology company’s stock worth $1,252,000 after purchasing an additional 1,256,991 shares during the period. Vanguard Group Inc. raised its holdings in Stryker Corporation by 5.2% in the 1st quarter. Vanguard Group Inc. now owns 23,421,053 shares of the medical technology company’s stock worth $3,083,382,000 after purchasing an additional 1,161,688 shares during the period. Janus Henderson Group PLC raised its holdings in Stryker Corporation by 2,237.8% in the 2nd quarter. Janus Henderson Group PLC now owns 1,019,254 shares of the medical technology company’s stock worth $141,452,000 after purchasing an additional 975,656 shares during the period. Finally, PNC Financial Services Group Inc. raised its holdings in Stryker Corporation by 41.9% in the 1st quarter. PNC Financial Services Group Inc. now owns 1,403,420 shares of the medical technology company’s stock worth $184,759,000 after purchasing an additional 414,715 shares during the period. 74.15% of the stock is owned by institutional investors.

In other Stryker Corporation news, insider Lonny J. Carpenter sold 5,000 shares of the firm’s stock in a transaction dated Friday, November 3rd. The stock was sold at an average price of $155.34, for a total transaction of $776,700.00. Following the transaction, the insider now owns 83,207 shares of the company’s stock, valued at $12,925,375.38. The sale was disclosed in a filing with the SEC, which is accessible through the SEC website. Company insiders own 7.40% of the company’s stock.

A number of equities analysts recently weighed in on the company. Cowen and Company set a $166.00 price target on Stryker Corporation and gave the stock a “buy” rating in a report on Sunday, October 29th. Needham & Company LLC reiterated a “hold” rating on shares of Stryker Corporation in a research note on Friday, November 3rd. Oppenheimer Holdings, Inc. set a $156.00 price objective on Stryker Corporation and gave the stock a “hold” rating in a research note on Monday, October 30th. ValuEngine upgraded Stryker Corporation from a “hold” rating to a “buy” rating in a research note on Tuesday. Finally, Zacks Investment Research upgraded Stryker Corporation from a “sell” rating to a “hold” rating in a research note on Tuesday, October 24th. Two analysts have rated the stock with a sell rating, ten have issued a hold rating and thirteen have issued a buy rating to the stock. The stock has an average rating of “Hold” and an average price target of $151.52.

Stryker Corporation (NYSE SYK) traded up $0.20 during trading hours on Wednesday, reaching $155.95. The company had a trading volume of 1,011,700 shares, compared to its average volume of 1,181,533. The stock has a market capitalization of $58,287.51, a price-to-earnings ratio of 24.68, a PEG ratio of 2.45 and a beta of 0.79. The company has a quick ratio of 1.61, a current ratio of 2.37 and a debt-to-equity ratio of 0.63. Stryker Corporation has a 52-week low of $107.13 and a 52-week high of $160.62.

Stryker Corporation (NYSE:SYK) last posted its earnings results on Thursday, October 26th. The medical technology company reported $1.52 EPS for the quarter, beating the consensus estimate of $1.50 by $0.02. The firm had revenue of $3.01 billion for the quarter, compared to analyst estimates of $2.97 billion. Stryker Corporation had a return on equity of 24.11% and a net margin of 14.67%. Stryker Corporation’s revenue for the quarter was up 6.1% compared to the same quarter last year. During the same quarter in the prior year, the company posted $1.39 earnings per share. equities research analysts anticipate that Stryker Corporation will post 6.47 EPS for the current fiscal year.

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Stryker Corporation Profile

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.

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

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