488 institutional investors are raising stakes in Stryker Corporation (SYK)

Stryker Corporation (NYSE:SYK) enjoyed a 24.56% run-up in share price since hitting record low of $138.94. The stock managed -0.13% fall and now stands at $173.07 as of September 13, 2018. At recent session, the prices were hovering between $171.81 and $173.775. This company shares are 6.27% off its target price of $183.93 and the current market capitalization stands at $65.3B. The recent change has given its price a 1.86% lead over SMA 50 and -3.76% deficit over its 52-week high. The stock witnessed 4.13% gains, 2.56% gains and 3.98% gains for the 1-month, 3-month and 6-month period, respectively. To measure price-variation, we found SYK’s volatility during a week at 1.19% and during a month it has been found around 1.22%.

Stryker Corporation (SYK) Top Holders

Institutional investors currently hold around $48.31 billion or 74.1% in SYK stock. Look at its top three institutional owners. Price T Rowe Associates Inc /Md/ owns $5.15 billion in Stryker Corporation, which represents roughly 7.89% of the company’s market cap and approximately 10.67% of the institutional ownership. Similar statistics are true for the second largest owner, Vanguard Group Inc, which owns 25,493,325 shares of the stock are valued at $4.42 billion. The third largest holder is Blackrock Inc., which currently holds $4.25 billion worth of this stock and that ownership represents nearly 6.52% of its market capitalization.

Stryker Corporation 13F Filings

At the end of June reporting period, 488 institutional holders increased their position in Stryker Corporation (NYSE:SYK) by some 12,393,750 shares, 517 decreased positions by 16,831,615 and 233 held positions by 250,000,000. That puts total institutional holdings at 279,000,000 shares, according to SEC filings. The stock grabbed 108 new institutional investments totaling 1,275,563 shares while 58 institutional investors sold out their entire positions totaling 626,796 shares.

Stryker Corporation (NYSE:SYK) Insider Trades

Multiple company employees have indulged in significant insider trading. Stryker Corporation disclosed in a document filed with the US Securities and Exchange Commission (SEC) that VP, Strategy and IR Owen Katherine Ann has sold 37,866 shares of Stryker Corporation (SYK) in trading session dated Sep. 05, 2018. These shares are worth $6,317,563 and were traded at $166.84 each. The SEC filing shows that Doliveux Roch performed a purchase of 44 shares. The Director added these shares by way of transaction on Jul. 31, 2018. The company’s shares were assimilated at $165.32 per share worth to an investment of some $7,274 on account of Doliveux Roch.

Group President, Carpenter Lonny J, sold 5,000 common shares of Stryker Corporation (SYK) in the open market. In a transaction dated May. 04, 2018, the shares were put up for sale at an average price of $166, raking in a sum of $832,100. After this sale, 104,437 common shares of SYK are directly owned by the insider, with total stake valued at $18,074,912.

In the transaction dated Apr. 30, 2018, the great number of shares acquired came courtesy the Director; Doliveux Roch added a total of 43 shares at an average price of $171.27, amounting to approximately $7,370. The insider now directly owns 19,560 shares worth $3,390,000.

Stryker Corporation (SYK) Analyst Guide

Several analysts have released their opinion on Stryker Corporation (NYSE:SYK), with 13 analysts believing it is a strong buy. Whereas 7 of them predict the stock is a hold. Also, there are 1 buy, 0 sell and 1 strong sell ratings, collectively assigning a 1.86 average brokerage recommendation.