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Friday, September 29, 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 intact, with the stock’s consolidated last price rising by $0.08, or 0.03%, to $299.80. The Stryker Corporation has recorded 38,314 volume in the after hours trading session. Earlier, Yahoo Finance discussed this stock as it revealed Stryker to participate in the 2023 Wells Fargo Securities Healthcare Conference.

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Stocks Info

The company is listed on the NYSE and operates within the Medical Devices industry segment. The current market capitalization of Stryker Corporation is $113.62B. A total of 2.1 million shares were traded on the day, compared to an average of 1.26M 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 1 BUY and 3 SELL insider trades, representing the acquisition of 2,000 and the disposition of 1,739 shares. Over the last 12 months, there were 46 BUYs and 55 SELLs from insiders. Insiders purchased 306,297 shares during that period but sold 303,727.

In the most recent transaction, Menon Viju sold 5,000 shares of SYK for 289.00 per share on Sep 06. After the transaction, the Group President now owns 6,994 company shares. In a previous transaction on Aug 10, Datar Srikant M. sold 750 shares at 286.23 per share. SYK shares that Director owns now total 6,066.

Among the insiders who sold shares, Datar Srikant M. disposed of 500 shares on Jun 01 at a per-share price of $278.50. This resulted in the Director holding 5,467 shares of SYK after the transaction. In another insider transaction, Datar Srikant M. sold 1,000 shares at $286.00 per share on May 18. Company shares held by the Director now total 5,967.


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 1.00%, and it has a price to earnings (P/E) ratio of 42.35. SYK’s most recent ex-dividend date was 9/28/2023 when it declared a $0.75 quarterly dividend that was paid in cash on 10/31/2023. Previously, the company paid the dividend on 7/31/2023 with an ex-dividend date of 6/29/2023. 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 $321.10 with high estimates of $345.00 and low estimates of $292.00. In terms of 52-week highs and lows, SYK has a high of $306.93 and a low of $200.80.

As of this writing, SYK has an earnings estimate of $2.44 per share for the current quarter. EPS was calculated based on a consensus of 25 estimates, with a high estimate of $2.53 per share and a lower estimate of $2.34. The company reported an EPS of $2.14 in the last quarter, which was 7.00% higher than expectations of $2.

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, 0 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 Buy with a score of 4.32.

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