Inspire Investing LLC bought a new position in shares of STERIS plc (NYSE: STE – Get a rating) in Q1, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The company bought 1,475 shares of the medical equipment supplier, valued at around $357,000.
A number of other institutional investors and hedge funds have also recently changed their positions in STE. Riverview Trust Co purchased a new stake in STERIS in Q1 worth approximately $29,000. Destiny Wealth Partners LLC purchased a new equity stake in STERIS during the fourth quarter at a value of $64,000. Quent Capital LLC acquired a new stake in STERIS during the fourth quarter at a value of $72,000. AdvisorNet Financial Inc increased its stake in STERIS by 34.3% in the fourth quarter. AdvisorNet Financial Inc now owns 309 shares of the medical equipment supplier worth $75,000 after buying 79 more shares in the last quarter. Finally, Aquire Wealth Advisors LLC acquired a new position in STERIS in Q4 worth approximately $93,000. 90.88% of the shares are currently held by hedge funds and other institutional investors.
Several equity research analysts have recently commented on the company. StockNews.com upgraded STERIS from a “hold” to a “buy” rating in a Wednesday, June 15 research note. TheStreet downgraded STERIS shares from a “b-” rating to a “c” rating in a Thursday, June 16 research report. Finally, Wolfe Research began covering STERIS shares in a report on Tuesday, April 5. They set an “outperform” rating and a price target of $275.00 for the stock. Seven research analysts rated the stock with a buy rating. According to MarketBeat, the stock currently has a consensus buy rating and a consensus target price of $264.00.
In other news, VP Jean-Adam Zangerle sold 8,000 shares of the company in a trade dated Wednesday, April 20. The stock was sold at an average price of $255.48, for a total value of $2,043,840.00. Following the sale, the vice president now directly owns 31,023 shares of the company, valued at $7,925,756.04. The sale was disclosed in an SEC filing, available at the SEC website. In the past ninety days, insiders have sold 18,659 shares of the company worth $4,589,759. 1.14% of the shares are currently held by insiders of the company.
NYSE ST opened at $210.96 on Tuesday. STERIS plc has a fifty-two week low of $192.40 and a fifty-two week high of $255.93. The stock’s 50-day moving average is $217.87 and its two-hundred-day moving average is $229.13. The company has a debt ratio of 0.45, a current ratio of 2.04 and a quick ratio of 1.41. The company has a market capitalization of $21.11 billion, a P/E ratio of 88.27 and a beta of 0.70.
STERIS (NYSE: STE – Get a rating) last reported results on Wednesday, May 11. The medical equipment supplier reported earnings per share of $2.04 for the quarter, beating the consensus estimate of $2.00 by $0.04. STERIS has a return on equity of 11.85% and a net margin of 5.32%. The company posted revenue of $1.21 billion for the quarter, compared to analysts’ estimates of $1.18 billion. On average, equity analysts expect STERIS plc to post an EPS of 8.7 for the current year.
The company also recently announced a quarterly dividend, which was paid on Tuesday, June 28. Shareholders of record on Tuesday, June 14 received a dividend of $0.43 per share. The ex-dividend date was Monday, June 13. This represents an annualized dividend of $1.72 and a yield of 0.82%. STERIS’ dividend payout ratio (DPR) is currently 71.97%.
About STERIS (Get a rating)
STERIS plc provides infection prevention and other procedural products and services worldwide. It operates through four segments: Healthcare, Applied Sterilization Technologies, Life Sciences and Dental. The Healthcare segment offers cleaning chemicals and sterility assurance products; automated endoscope reprocessing system and follow-up products; accessories for gastrointestinal (GI) procedures, washers, sterilizers and other capital goods for the operation of a sterile processing department; and equipment used directly in the operating room, including surgical tables, lights and connectivity solutions, as well as equipment management services.
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