It’s Not Over Yet For Stryker Corp. (NYSE: SYK)

After Hours

It may be riskier to trade before market opening and after market closing than during regular market hours. Since issuers often announce critical financial information outside regular trading hours. Extended-hours trading may result in wider spreads for particular securities due to lower liquidity and higher volatility. The stock was recently discussed on Yahoo Finance as it revealed that Stryker announces Annual Meeting of Shareholders.

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Stocks Info

Stryker Corp. is listed on the NYSE in the Healthcare sector while operating in the Medical Devices industry. At the end of the last regular session, the stock closed at $358.71 and fluctuated between $359.08 as its day high and $351.89 as its day low. The current market capitalization of Stryker Corp. is $136.40B. A total of 1.4 million shares were traded on the day, compared to an average of 1.31M shares.

In the most recent transaction, Berry William E Jr sold 7,690 shares of SYK for 358.48 per share on Mar 07 ’24. After the transaction, the VP, Chief Accounting Officer now owns 3,675 company shares. In a previous transaction on Feb 09 ’24, Boehnlein Glenn S sold 9,600 shares at 342.81 per share. SYK shares that VP, Chief Financial Officer owns now total 20,194.

Among the insiders who sold shares, STRYKER RONDA E disposed of 92,296 shares on Feb 06 ’24 at a per-share price of $339.95. This resulted in the Director holding 3,662,832 shares of SYK after the transaction. In another insider transaction, STRYKER RONDA E sold 201,146 shares at $342.90 per share on Feb 05 ’24. Company shares held by the Director now total 3,755,128.

Dividend

The reasons why investors prefer dividend-paying companies are that dividends generate immediate cash flow and indicate that the company will perform well in the future. Stryker Corp. pays an annual dividend of $3.85, resulting in a dividend yield of 1.07%, and it has a price to earnings (P/E) ratio of 43.50. SYK’s most recent ex-dividend date was 3/27/2024 when it declared a $0.80 quarterly dividend that was paid in cash on 4/30/2024. Previously, the company paid the dividend on 1/31/2024 with an ex-dividend date of 12/28/2023. The SYK stock dividend was $0.80 per share in cash.

Despite rarely being accurate, price targets can exert some form of influence at times, and are often regarded as valuable by markets. In terms of 52-week highs and lows, SYK has a high of $361.41 and a low of $249.98.

As of this writing, SYK has an earnings estimate of $2.36 per share for the current quarter. EPS was calculated based on a consensus of 24 estimates, with a high estimate of $2.48 per share and a lower estimate of $2.28. The company reported an EPS of $2.46 in the last quarter, which was 1.20% higher than expectations of $2.43.

Balance Sheet Annually/Quarterly

As well as showing the assets and liabilities of the company, the balance sheet also shows the amount invested in equity by investors. Investors can analyze a company’s future prospects by calculating its financial ratios based on this information. SYK’s latest balance sheet shows that the firm has $3.02B in Cash & Short Term Investments as of fiscal 2021. There were $12.48B in debt and $4.55B in liabilities at the time. Its Book Value Per Share was $48.92, while its Total Shareholder’s Equity was $14.88B.

Analysts Opinion

After-hours and pre-market trading may carry slightly higher risks than regular market hours. As issuers often announce important financial information outside regular trading hours, extended-hours trading may result in wider spreads for a particular security. That is because extended-hours trading may result in lower liquidity and higher volatility. 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 4.43.

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