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Wednesday, March 22, 2023

Investing In Stryker Corporation (NYSE: SYK): Why Should You?

After Hours

The risks associated with pre-market and after-hours trading may be slightly higher than the regular market hours. The reason is that extended-hours trading may result in wider spreads for particular security due to lower liquidity and higher volatility as issuers often announce critical financial information outside regular trading hours. After-hours trades for Stryker Corporation (SYK) shows that investor sentiment remained broken, with the stock’s consolidated last price falling by -$3.66, or -1.37%, to $263.05. The Stryker Corporation has recorded 31,380 volume in the after hours trading session. Earlier, Yahoo Finance discussed this stock as it revealed CD NXT power tool system empowers surgeons through real-time depth measurement.

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Stocks Info

The company is listed on the NYSE and operates within the Medical Devices industry segment. At the end of the last regular session, the stock closed at $266.71 and fluctuated between $270.47 as its day high and $261.63 as its day low. The current market capitalization of Stryker Corporation is $102.44B. A total of 1.43 million shares were traded on the day, compared to an average of 1.32M shares.

Insider Activity

Furthermore, investors take into consideration insider trades when predicting a stock’s future trajectory. During the recent three months, SYK has seen 9 BUY and 36 SELL insider trades, representing the acquisition of 51,668 and the disposition of 584,337 shares. Over the last 12 months, there were 40 BUYs and 67 SELLs from insiders. Insiders purchased 344,499 shares during that period but sold 927,087.

In the most recent transaction, Golston Allan C. sold 5,459 shares of SYK for 263.27 per share on Feb 28. After the transaction, the Director now owns 13,537 company shares. In a previous transaction on Feb 09, Menon Viju sold 2,161 shares at 264.31 per share. SYK shares that Group President owns now total 10,611.

Among the insiders who sold shares, STRYKER RONDA E disposed of 212,200 shares on Feb 07 at a per-share price of $271.21. This resulted in the Director holding 4,730,754 shares of SYK after the transaction. In another insider transaction, STRYKER RONDA E sold 307,800 shares at $273.91 per share on Feb 06. Company shares held by the Director now total 4,942,954.


The dividend paying company demonstrates a positive outlook for investors and helps them generate immediate cash. Stryker Corporation pays an annual dividend of $3.00, resulting in a dividend yield of 1.12%, and it has a price to earnings (P/E) ratio of 43.22. SYK’s most recent ex-dividend date was 3/30/2023 when it declared a $0.75 quarterly dividend that was paid in cash on 4/28/2023. Previously, the company paid the dividend on 1/31/2023 with an ex-dividend date of 12/29/2022. The SYK stock dividend was $0.75 per share in cash.

It has been observed that price targets are rarely accurate, but they can exert some influence from time to time, and are often accepted as valuable in the market. According to analysts who have offered 12-month price targets for SYK in the last 3 months, the mean price target is $279.55 with high estimates of $292.00 and low estimates of $250.00. In terms of 52-week highs and lows, SYK has a high of $284.00 and a low of $188.84.

As of this writing, SYK has an earnings estimate of $2 per share for the current quarter. EPS was calculated based on a consensus of 23 estimates, with a high estimate of $2.11 per share and a lower estimate of $1.96. The company reported an EPS of $2.12 in the last quarter, which was -4.90% lower than expectations of $2.23.

Balance Sheet Annually/Quarterly

An equity investor’s investment can be viewed on a balance sheet by looking at what assets and liabilities the company has. Investors can determine the company’s prospects by calculating its financial ratios based on this information.

Analysts Opinion

There may be slightly higher risks associated with pre-market and after-hours trading than during regular market hours. Due to the fact that issuers often announce critical financial information outside of regular trading hours, extended-hours trading may result in wider spreads for particular securities. Currently, 29 analysts are providing their opinions on the stock. On a scale of 1 to 5, with 1 being Sell and 5 being Buy, the average analyst rating for SYK is Sell with a score of 4.26. A total of 14 analysts rated the stock as Buy while 3 rated it as Overweight while 11 rated it as Hold. Among the other participants, 1 thought the stock was Underweight and 0 thought it should be Sold.

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