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M&T Bank Corp Lowers Stake in Stryker Corporation $SYK
M&T Bank Corp significantly reduced its stake in Stryker Corporation (NYSE:SYK) by 84.5% in the fourth quarter, selling 36,239 shares and retaining 6,634 shares valued at $2.332 million. Concurrently, Stryker director Ronda E. Stryker sold 250,000 shares for $90.73 million, decreasing her ownership by 9.23%. Despite these sales, Stryker reported strong Q4 earnings, beating estimates with EPS of $4.47 and revenue of $7.17 billion, and announced a quarterly dividend of $0.88 per share, while analysts maintain a “Moderate Buy” rating with an average target price of $421.11.