626 Financial LLC reduced its stake in Stryker Corporation by 3.9% in the third quarter, making it their largest holding at 12.5% of their portfolio, valued at $28.47 million. Insider selling also occurred, with Director Ronda E. Stryker selling 250,000 shares for $90.73 million and CFO Preston Wendell Wells selling 165 shares. Despite the trimmed institutional stake and insider sales, Stryker reported strong Q3 earnings, beating analyst estimates, and maintains a “Moderate Buy” consensus rating with a $426.94 price target.
This page may contain third-party content, which is provided for information purposes only (not representations/warranties) and should not be considered as an endorsement of its views by Gate, nor as financial or professional advice. See Disclaimer for details.
Stryker Corporation $SYK Stake Trimmed by 626 Financial LLC
626 Financial LLC reduced its stake in Stryker Corporation by 3.9% in the third quarter, making it their largest holding at 12.5% of their portfolio, valued at $28.47 million. Insider selling also occurred, with Director Ronda E. Stryker selling 250,000 shares for $90.73 million and CFO Preston Wendell Wells selling 165 shares. Despite the trimmed institutional stake and insider sales, Stryker reported strong Q3 earnings, beating analyst estimates, and maintains a “Moderate Buy” consensus rating with a $426.94 price target.