Royal Bank of Canada Reaffirms Buy Rating for Stryker (SYK)

Sergio Conner
January 13, 2018

Jensen Investment Management Inc. now owns 2,472,476 shares of the medical technology company's stock valued at $351,141,000 after purchasing an additional 251,685 shares during the last quarter. About 3.54M shares traded. About 437,038 shares traded. Jupai Holdings Limited (NYSE:JP) has declined 9.45% since January 12, 2017 and is downtrending. It has outperformed by 1.89% the S&P500.

Fagan Associates Inc decreased its stake in Nike Inc (NKE) by 11.57% based on its latest 2017Q3 regulatory filing with the SEC. The institutional investor held 313,008 shares of the medical and dental instruments company at the end of 2017Q3, valued at $44.45M, up from 305,127 at the end of the previous reported quarter. The firm has a market cap of $59,220.00, a P/E ratio of 33.74, a P/E/G ratio of 2.30 and a beta of 0.78. The latest exchange of 0.58 Million shares is below its average trading activity of 991.82 Million shares. It has outperformed by 8.25% the S&P500. The stock of Stryker Corporation (NYSE:SYK) earned "Hold" rating by BMO Capital Markets on Friday, September 29. Therefore 58% are positive. 21,776 were reported by Columbia Partners L L C Management. On Wednesday, May 24 the stock rating was upgraded by Credit Suisse to "Outperform".

We can gain important insight by taking a look at institutional ownership, as detailed in public companies' latest 13F filings. The rating was maintained by Deutsche Bank with "Buy" on Friday, June 23. Wells Fargo maintained it with "Buy" rating and $174.0 target in Tuesday, January 2 report. Stifel Nicolaus has "Hold" rating and $20200 target. Piper Jaffray Companies restated a "buy" rating and issued a $156.00 target price on shares of Stryker in a research report on Friday, October 27th.

The company also recently declared a quarterly dividend, which will be paid on Wednesday, January 31st.

Since August 4, 2017, it had 0 insider purchases, and 2 insider sales for $896,215 activity. Finally, Oak Point Wealth Management acquired a new position in shares of Stryker in the fourth quarter worth $145,000. The stock's 50 day moving average price is $120.06 and its 200 day moving average price is $116.25. Little Frank R Jr. sold $351,708 worth of stock or 1,500 shares.

In other news, insider Lonny J. Carpenter sold 5,000 shares of the stock in a transaction on Friday, November 3rd. (NYSE:JPM) for 6.91M shares.

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Meanwhile, during the same quarter Stryker Corporation (SYK) delivered a 1.59% earnings surprise. SYK's profit will be $729.76 million for 20.33 P/E if the $1.95 EPS becomes a reality. The medical technology company reported $1.52 EPS for the quarter, topping analysts' consensus estimates of $1.50 by $0.02.

Investors sentiment decreased to 0.77 in Q3 2017. Its up 0.02, from 0.85 in 2017Q2. 125 funds opened positions while 635 raised stakes. 387.06 million shares or 0.01% more from 387.02 million shares in 2017Q2 were reported. Tower Rech Ltd Llc (Trc) holds 0% or 228 shares in its portfolio. Commerzbank Aktiengesellschaft Fi reported 49,160 shares. Sentinel Company Lba accumulated 0.1% or 17,535 shares. (NYSE:JPM). Planning Corp owns 33,365 shares. Invesco Limited has invested 0% in Regional Management Corp. Employees Retirement System Of Texas reported 105,400 shares. First Personal Svcs stated it has 8,832 shares. Benjamin F Edwards Com, Missouri-based fund reported 12,846 shares. Two investment analysts have rated the stock with a sell rating, nine have given a hold rating and thirteen have assigned a buy rating to the company. Therefore 65% are positive. SYK was included in 80 notes of analysts from July 27, 2015. The firm has "Underperform" rating given on Friday, January 6 by Needham. (NYSE:LOW), 19 have Buy rating, 1 Sell and 13 Hold. The firm has "Buy" rating given on Friday, October 14 by Suntrust Robinson. The rating was maintained by Needham on Monday, October 2 with "Hold". The company was maintained on Thursday, January 4 by Canaccord Genuity. Stifel Nicolaus has "Buy" rating and $168 target. BMO Capital Markets raised Stryker to a market perform rating and set a $163.00 price objective on the stock in a research report on Tuesday, December 12th. The company was downgraded on Monday, January 25 by Nomura.

This is an increase from Stryker's previous quarterly dividend of $0.43. Its up 0.02, from 0.85 in 2017Q2.

A number of large investors have recently bought and sold shares of SYK. Colonial Trust Advisors raised its holdings in shares of Stryker by 56.1% during the second quarter. The hedge fund run by Tom Brown held 633,034 shares of the consumer services company at the end of 2017Q3, valued at $15.33M, up from 378,034 at the end of the previous reported quarter. Vanguard Group Inc. grew its holdings in shares of Stryker by 2.8% during the 2nd quarter. West Oak accumulated 795 shares. Loring Wolcott And Coolidge Fiduciary Advisors Limited Liability Partnership Ma stated it has 0.39% of its portfolio in Lowe's Companies, Inc. Tokio Marine Asset Mgmt Ltd holds 2,720 shares. (NYSE:RM). Tiaa Cref Investment Mngmt Lc holds 0% or 27,717 shares in its portfolio.

Stryker (NYSE SYK) traded down $0.37 during trading hours on Tuesday, reaching $158.23. Spears Abacus Advsr Limited Co, a New York-based fund reported 5,600 shares. They expect $1.70 EPS, down 0.58% or $0.01 from last year's $1.71 per share. Victory Cap Mgmt Incorporated holds 0.01% in Stryker Corporation (NYSE:SYK) or 24,114 shares. Pittenger And Anderson invested 0.02% of its portfolio in Stryker Corporation (NYSE:SYK). Royal State Bank Of Canada invested 0% in Isramco, Inc.

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