Analyst Expects Stryker Corp. (NYSE: SYK) To Make Big Moves

After Hours

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Stocks Info

This NYSE-listed company operates within the Medical Devices industry segment, falling under the Healthcare sector. The current market capitalization of Stryker Corp. is $128.40B. A total of 1.22 million shares were traded on the day, compared to an average of 1.26M 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 income generated by dividends is an indication that a company is improving its financial position, which is why investors prefer companies paying dividends. Stryker Corp. pays an annual dividend of $3.10, resulting in a dividend yield of 0.92%, and it has a price to earnings (P/E) ratio of 40.94. 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.

Even though price targets are rarely accurate, they do tend to exert some kind of influence from time to time and are often considered important 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 $Stryker Corporation per share for the current quarter. EPS was calculated based on a consensus of Symbotic Inc. estimates, with a high estimate of $Sysco Corporation per share and a lower estimate of $Stanley Black & Decker, Inc..

Balance Sheet Annually/Quarterly

In a balance sheet, you can see what assets and liabilities the company has, as well as how much equity investors have invested. These figures can be used to calculate a company’s financial ratios to give investors a better idea of its prospects. 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

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. 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 4.46.

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