Steris PLC (NYSE:STE) CEO Walter M. Rosebrough, Jr. sold 119,000 shares of the stock in a transaction dated Friday, May 31st. The shares were sold at an average price of $132.56, for a total transaction of $15,774,640.00. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink.

Shares of STE opened at $134.07 on Tuesday. The stock has a market capitalization of $11.31 billion, a P/E ratio of 27.42 and a beta of 0.95. The company has a debt-to-equity ratio of 0.37, a current ratio of 2.27 and a quick ratio of 1.82. Steris PLC has a 52-week low of $99.14 and a 52-week high of $137.62.

Steris (NYSE:STE) last announced its earnings results on Monday, May 13th. The medical equipment provider reported $1.53 earnings per share (EPS) for the quarter, beating the Zacks’ consensus estimate of $1.44 by $0.09. Steris had a net margin of 10.93% and a return on equity of 13.34%. The firm had revenue of $768.00 million during the quarter, compared to analyst estimates of $738.87 million. During the same quarter in the prior year, the firm posted $1.24 EPS. Steris’s revenue was up 7.3% compared to the same quarter last year. Equities research analysts expect that Steris PLC will post 5.38 EPS for the current fiscal year.

The firm also recently declared a quarterly dividend, which will be paid on Friday, June 28th. Shareholders of record on Wednesday, June 12th will be issued a $0.34 dividend. This represents a $1.36 dividend on an annualized basis and a yield of 1.01%. The ex-dividend date is Tuesday, June 11th. Steris’s payout ratio is 27.81%.

A number of hedge funds and other institutional investors have recently modified their holdings of the business. Advisory Services Network LLC lifted its holdings in Steris by 26.0% in the 4th quarter. Advisory Services Network LLC now owns 427 shares of the medical equipment provider’s stock valued at $45,000 after acquiring an additional 88 shares during the last quarter. Bbva Compass Bancshares Inc. lifted its holdings in Steris by 3.9% in the 4th quarter. Bbva Compass Bancshares Inc. now owns 2,389 shares of the medical equipment provider’s stock valued at $255,000 after acquiring an additional 89 shares during the last quarter. State Treasurer State of Michigan lifted its holdings in Steris by 0.3% in the 1st quarter. State Treasurer State of Michigan now owns 30,200 shares of the medical equipment provider’s stock valued at $3,867,000 after acquiring an additional 100 shares during the last quarter. Security Asset Management lifted its holdings in Steris by 1.3% in the 1st quarter. Security Asset Management now owns 8,179 shares of the medical equipment provider’s stock valued at $1,047,000 after acquiring an additional 104 shares during the last quarter. Finally, Neuburgh Advisers LLC lifted its holdings in Steris by 1.4% in the 4th quarter. Neuburgh Advisers LLC now owns 9,592 shares of the medical equipment provider’s stock valued at $1,025,000 after acquiring an additional 132 shares during the last quarter. 83.37% of the stock is owned by institutional investors.

A number of brokerages recently issued reports on STE. KeyCorp increased their target price on shares of Steris from $135.00 to $138.00 and gave the company an “overweight” rating in a research report on Wednesday, May 15th. Zacks Investment Research lowered shares of Steris from a “hold” rating to a “sell” rating in a research report on Wednesday, April 24th. Stephens increased their target price on shares of Steris from $135.00 to $150.00 and gave the company an “overweight” rating in a research report on Wednesday, May 15th. Finally, JMP Securities increased their target price on shares of Steris from $135.00 to $150.00 and gave the company a “market outperform” rating in a research report on Wednesday, May 22nd. Five research analysts have rated the stock with a buy rating, The stock presently has an average rating of “Buy” and a consensus target price of $148.20.

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About Steris

STERIS plc provides infection prevention and other procedural products and services worldwide. The company operates in four segments: Healthcare Products, Healthcare Specialty Services, Life Sciences, and Applied Sterilization Technologies. The Healthcare Products segment offers cleaning chemistries and sterility assurance products; accessories for gastrointestinal (GI) procedures, washers, sterilizers, and other pieces of capital equipment for the operations of a sterile processing department; and equipment used in the operating room, including surgical tables, lights, equipment management services, and connectivity solutions.

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Insider Buying and Selling by Quarter for Steris (NYSE:STE)

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