Stryker Corp. (NYSE: SYK) is 11.59% higher on its value in year-to-date trading and has touched a low of $249.98 and a high of $361.41 in the current 52-week trading range. The question becomes, what are the chances the stock will continue to grow shareholders’ wealth in the market. Here’s what analysts think will happen to its price in the coming time. The SYK stock was last observed hovering at around $332.68 in the last trading session, with the day’s gains setting it 1.49%.
Currently trading at $334.17, the stock is 1.10% and -0.69% below its SMA20 and SMA50 respectively. However, with a daily trading volume of 1.26 million and changing 0.45% at the moment leaves the stock 2.59% off its SMA200. SYK registered 17.31% gain for a year compared to 6-month loss of -4.36%.
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The stock witnessed a -0.14% gain in the last 1 month and extending the period to 3 months gives it a 0.66%, and is 2.51% up over the last 5 days. If we measure the stock’s price variations over the week and the month, we find that the volatility rates stand at 1.48% over the week and 2.51% over the month.
Stryker Corp. (SYK) has around 52000 employees, a market worth around $127.34B and $21.39B in sales. Current P/E ratio is 37.27 and Fwd P/E is 24.78. Profit margin for the company is 16.12%. Distance from 52-week low is 33.68% and -7.54% from its 52-week high. The company has generated returns on investments over the last 12 months (11.39%).
Stryker Corp. quarterly earnings per share for the current quarter are estimated at 2.77 with sales reaching $5.37B over the same period.The EPS is expected to grow by 13.24% this year, but quarterly earnings will post 9.20% year-over-year. Quarterly sales are estimated to grow 9.40% in year-over-year returns.
2599.0 institutions hold shares in Stryker Corp. (SYK), with institutional investors hold 83.40% of the company’s shares. The shares outstanding are 380.10M, and float is at 357.61M with Short Float at 0.89%. Institutions hold 78.91% of the Float.
The top institutional shareholder in the company is VANGUARD GROUP INC with over 31.46 million shares valued at $$11.26 billion. The investor’s holdings represent 8.2701 of the SYK Shares outstanding. As of 2024-03-31, the second largest holder is BLACKROCK INC. with 26.24 million shares valued at $$9.39 billion to account for 6.8992 of the shares outstanding. The other top investors are GREENLEAF TRUST which holds 18.6 million shares representing 4.8886 and valued at over $$6.66 billion, while STATE STREET CORP holds 3.773 of the shares totaling 14.35 million with a market value of $$5.15 billion.
Stryker Corp. (SYK) Insider Activity
The most recent transaction is an insider sale by STRYKER RONDA E, the company’s Director. SEC filings show that STRYKER RONDA E sold 190,000 shares of the company’s common stock on Aug 06 ’24 at a price of $323.46 per share for a total of $61.46 million. Following the sale, the insider now owns 3.32 million shares.
Still, SEC filings show that on Aug 02 ’24, Boehnlein Glenn S (VP, Chief Financial Officer) disposed off 20,000 shares at an average price of $333.00 for $6.66 million. The insider now directly holds 2,852 shares of Stryker Corp. (SYK).
