The most recent 13F filing that Exchange Capital Management Inc. has made with the SEC indicates that the company acquired a new holding in Stryker Co. (NYSE: SYK) during the third quarter of this year. As a result, the institutional investor shelled out close to 200 thousand dollars to purchase 993 shares in the medical technology company.
In the most recent period, several other hedge funds have implemented various changes to the positions they currently hold in the company. The State of Alaska Department of Revenue increased the amount of Stryker stock owned by 5.3% over the second quarter of the fiscal year. The Alaska State Department of Revenue is now the owner of 52,542 shares in the medical technology company after purchasing an additional 2,665 shares during the most recent quarter for a total of 52,542. The current value of these shares, when traded on the market, is $10,451,000. During the second quarter, Lincoln National Corporation increased its holdings in Stryker by a percentage equivalent to 8.0 percent. Lincoln National Corp. now holds 5,668 shares of the medical technology company’s stock after purchasing an additional 421 shares during the most recent period. The stock is currently valued at $1,128,000. Asset Dedication LLC added approximately 184,000 dollars to its holdings of Stryker stock during the third quarter of this year. SG Americas Securities LLC increased its holdings of Stryker shares by 117.7% during the second quarter.SG Americas Securities LLC now holds 18,095 shares of the company’s stock, which has a market cap of $3,000,000, after purchasing an additional 9,782 shares during the most recent quarter. The company’s market cap is $3,000,000. During the third quarter, First Merchants Corporation’s ownership of Stryker increased by 4.3%, bringing the total percentage to 100%. First Merchants Corp. now owns 59,837 shares of the medical technology company, and the total value of those shares is $12,119,000 after the company made an additional purchase of 2,486 shares during the most recent quarter. Institutional investors own 77.10% of the company’s shares currently in circulation.
NYSE: SYK began trading at $256.35 on Friday. The company’s debt-to-equity ratio is 0.77, the quick ratio is 1.19, and the current ratio is 2.04. Over the last 50 days, the moving averages for the company are $237.35, and over the last 200 days, they are $220.33. The company has a beta value of 0.94, a P/E ratio of 39.87, and a P/E/G ratio of 2.91; these three metrics, along with its current market capitalization of $97.01 billion, all contribute to the company’s overall value. The price of one share of Stryker Co. has been as low as $188.84 and as high as $188.84 over the past 52 weeks.
On Monday, October 31, Stryker (NYSE: SYK) provided the general public with information regarding the most recent quarterly earnings report. The medical technology company reported quarterly profits of $2.12 per share, which were $0.12 less than the industry analysts’ consensus prediction of $2.24 per share for this company’s quarterly profits. Stryker had a return on equity of 22.27%, while the company only had a net margin of 13.69%. The company’s revenue for the quarter was $4.48 billion, even though market watchers anticipated it would bring in $4.46 billion in sales for the period. The company recorded a profit of $2.20 per share in the same period the year before. Compared to the same quarter in the previous year, the increase in revenue was 7.7% higher than expected. According to the projections made by research analysts for the financial performance of Stryker Company in 2018, earnings of 9.17 dollars per share are anticipated.
In addition, the corporation has declared a quarterly dividend, which will be paid out on the 31st of this month as originally planned. On Friday, December 30, 2018, a dividend payment of $0.75 will be made to all shareholders who are on record as owning the company as of Friday. December 29, which is a Thursday, is the date that will mark the beginning of the “ex-dividend” status for this dividend. Since the most recent quarterly