Insider Selling: Steris PLC (STE) Director Sells 3,609 Shares of Stock

Steris PLC (NYSE:STE) Director Jacqueline B. Kosecoff sold 3,609 shares of the company’s stock in a transaction that occurred on Wednesday, May 15th. The stock was sold at an average price of $132.22, for a total value of $477,181.98. The sale was disclosed in a filing with the SEC, which is available at this link.

STE opened at $133.35 on Friday. Steris PLC has a 1-year low of $99.14 and a 1-year high of $135.97. The company has a current ratio of 2.27, a quick ratio of 1.99 and a debt-to-equity ratio of 0.37. The firm has a market capitalization of $11.28 billion, a P/E ratio of 27.27 and a beta of 1.06.

Steris (NYSE:STE) last posted its quarterly earnings results on Monday, May 13th. The medical equipment provider reported $1.53 earnings per share for the quarter, beating analysts’ consensus estimates of $1.44 by $0.09. Steris had a return on equity of 13.34% and a net margin of 10.93%. The business had revenue of $768.00 million for the quarter, compared to analysts’ expectations of $738.87 million. During the same quarter in the prior year, the business earned $1.24 EPS. The firm’s revenue for the quarter was up 7.3% on a year-over-year basis. As a group, equities analysts expect that Steris PLC will post 5.36 earnings per share for the current year.

The firm also recently declared a quarterly dividend, which will be paid on Friday, June 28th. Investors of record on Wednesday, June 12th will be paid a $0.34 dividend. This represents a $1.36 dividend on an annualized basis and a yield of 1.02%. The ex-dividend date of this dividend is Tuesday, June 11th. Steris’s dividend payout ratio (DPR) is presently 27.81%.

A number of institutional investors and hedge funds have recently bought and sold shares of the stock. Amundi Pioneer Asset Management Inc. grew its holdings in Steris by 6.9% in the 4th quarter. Amundi Pioneer Asset Management Inc. now owns 65,660 shares of the medical equipment provider’s stock valued at $7,016,000 after buying an additional 4,229 shares in the last quarter. Texas Permanent School Fund grew its holdings in Steris by 3.9% in the 1st quarter. Texas Permanent School Fund now owns 57,433 shares of the medical equipment provider’s stock valued at $7,353,000 after buying an additional 2,137 shares in the last quarter. Townsquare Capital LLC acquired a new position in Steris in the 4th quarter valued at $1,930,000. PNC Financial Services Group Inc. grew its holdings in Steris by 7.2% in the 4th quarter. PNC Financial Services Group Inc. now owns 27,470 shares of the medical equipment provider’s stock valued at $2,936,000 after buying an additional 1,845 shares in the last quarter. Finally, Norges Bank acquired a new position in Steris in the 4th quarter valued at $96,648,000. Institutional investors and hedge funds own 86.81% of the company’s stock.

A number of equities research analysts recently weighed in on the company. Stephens increased their price target on Steris from $135.00 to $150.00 and gave the company an “overweight” rating in a research note on Wednesday. KeyCorp increased their price target on Steris from $135.00 to $138.00 and gave the company an “overweight” rating in a research note on Wednesday. Zacks Investment Research upgraded Steris from a “hold” rating to a “buy” rating and set a $146.00 price target on the stock in a research note on Tuesday, April 30th. Finally, JMP Securities restated a “buy” rating and issued a $135.00 price target on shares of Steris in a research note on Thursday, February 14th. Five research analysts have rated the stock with a buy rating, The company presently has an average rating of “Buy” and a consensus price target of $145.20.

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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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