Greenleaf Trust Decreased Stake in Stryker Corp (SYK) as Share Value Rose

January 19, 2018 - By Peter Erickson

Investors sentiment increased to 0.87 in Q3 2017. Its up 0.02, from 0.85 in 2017Q2. It increased, as 52 investors sold SYK shares while 330 reduced holdings. 56 funds opened positions while 275 raised stakes. 275.60 million shares or 0.51% more from 274.21 million shares in 2017Q2 were reported. Prudential Fincl reported 0.1% of its portfolio in Stryker Corporation (NYSE:SYK). Callahan Ltd holds 1.86% or 62,278 shares. Moreover, Bahl And Gaynor has 0.83% invested in Stryker Corporation (NYSE:SYK) for 535,594 shares. 195 are held by Delta Asset Mgmt Lc Tn. Schroder Invest Group, Maine-based fund reported 79,564 shares. Brown Brothers Harriman And accumulated 0% or 1,380 shares. Cibc Bankshares Usa reported 0.07% of its portfolio in Stryker Corporation (NYSE:SYK). Lafleur Godfrey Limited Liability Company reported 96,039 shares. Edgemoor owns 2,050 shares. Forbes J M & Limited Liability Partnership holds 0.15% in Stryker Corporation (NYSE:SYK) or 4,292 shares. Connable Office holds 0.67% of its portfolio in Stryker Corporation (NYSE:SYK) for 23,127 shares. First Manhattan has 288,995 shares for 0.24% of their portfolio. Shufro Rose & Limited has invested 0.86% in Stryker Corporation (NYSE:SYK). The Minnesota-based Walleye Trading Limited Co has invested 0% in Stryker Corporation (NYSE:SYK). Roundview Limited Liability Co reported 4,711 shares.

Since August 4, 2017, it had 0 buys, and 2 sales for $896,215 activity. Shares for $731,819 were sold by Carpenter Lonny J.

Greenleaf Trust decreased its stake in Stryker Corp (SYK) by 1.15% based on its latest 2017Q3 regulatory filing with the SEC. Greenleaf Trust sold 278,127 shares as the company’s stock rose 8.29% with the market. The institutional investor held 23.94 million shares of the medical and dental instruments company at the end of 2017Q3, valued at $3.41 billion, down from 24.22M at the end of the previous reported quarter. Greenleaf Trust who had been investing in Stryker Corp for a number of months, seems to be less bullish one the $59.98B market cap company. The stock increased 0.01% or $0.01 during the last trading session, reaching $160.28. About 1.36M shares traded or 17.86% up from the average. Stryker Corporation (NYSE:SYK) has risen 24.95% since January 19, 2017 and is uptrending. It has outperformed by 8.25% the S&P500.

Greenleaf Trust, which manages about $4.56B US Long portfolio, upped its stake in Ishares Tr S & P Smallcap 600 Index (IJR) by 53,741 shares to 655,657 shares, valued at $48.66M in 2017Q3, according to the filing.

Analysts await Stryker Corporation (NYSE:SYK) to report earnings on January, 23. They expect $1.95 earnings per share, up 9.55 % or $0.17 from last year’s $1.78 per share. SYK’s profit will be $729.77M for 20.55 P/E if the $1.95 EPS becomes a reality. After $1.52 actual earnings per share reported by Stryker Corporation for the previous quarter, Wall Street now forecasts 28.29 % EPS growth.

More recent Stryker Corporation (NYSE:SYK) news were published by: Nasdaq.com which released: “Stryker Corporation (SYK) Ex-Dividend Date Scheduled for December 28, 2017” on December 27, 2017. Also Nasdaq.com published the news titled: “Stryker (SYK) Posts Upbeat Preliminary Sales Figure for Q4” on January 12, 2018. Nasdaq.com‘s news article titled: “Stryker provides 2017 preliminary net sales results” with publication date: January 09, 2018 was also an interesting one.

Stryker Corporation (NYSE:SYK) Ratings Coverage

Among 26 analysts covering Stryker Corporation (NYSE:SYK), 17 have Buy rating, 2 Sell and 7 Hold. Therefore 65% are positive. Stryker Corporation has $174.0 highest and $88 lowest target. $147.89’s average target is -7.73% below currents $160.28 stock price. Stryker Corporation had 80 analyst reports since July 27, 2015 according to SRatingsIntel. The rating was maintained by BMO Capital Markets with “Hold” on Friday, September 29. BMO Capital Markets maintained the shares of SYK in report on Wednesday, April 12 with “Hold” rating. The rating was maintained by Jefferies with “Hold” on Friday, July 28. On Monday, June 19 the stock rating was maintained by Needham with “Sell”. Cowen & Co maintained it with “Buy” rating and $166.0 target in Friday, October 27 report. Cowen & Co maintained Stryker Corporation (NYSE:SYK) rating on Friday, July 28. Cowen & Co has “Buy” rating and $16000 target. The stock of Stryker Corporation (NYSE:SYK) earned “Buy” rating by Wells Fargo on Tuesday, January 2. The firm has “Hold” rating given on Thursday, June 29 by Jefferies. The firm earned “Buy” rating on Monday, July 17 by Cowen & Co. The firm earned “Buy” rating on Thursday, July 27 by Stifel Nicolaus.

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