Steris Plc (STE) VP Sudhir K. Pahwa Sells 3,000 Shares

Steris Plc (NYSE:STE) VP Sudhir K. Pahwa sold 3,000 shares of the stock in a transaction dated Thursday, June 1st. The stock was sold at an average price of $79.07, for a total transaction of $237,210.00. Following the completion of the transaction, the vice president now directly owns 22,047 shares of the company’s stock, valued at $1,743,256.29. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through this link.

Sudhir K. Pahwa also recently made the following trade(s):

  • On Thursday, May 25th, Sudhir K. Pahwa sold 800 shares of Steris Plc stock. The stock was sold at an average price of $77.28, for a total transaction of $61,824.00.
  • On Tuesday, May 9th, Sudhir K. Pahwa sold 200 shares of Steris Plc stock. The stock was sold at an average price of $77.00, for a total transaction of $15,400.00.

Shares of Steris Plc (NYSE:STE) traded down 0.89% during midday trading on Tuesday, reaching $81.72. 133,232 shares of the company traded hands. The company has a market capitalization of $6.95 billion, a PE ratio of 63.84 and a beta of 1.33. Steris Plc has a 1-year low of $63.26 and a 1-year high of $82.90. The company has a 50 day moving average price of $77.34 and a 200 day moving average price of $71.32.

Steris Plc (NYSE:STE) last posted its quarterly earnings data on Tuesday, May 9th. The medical equipment provider reported $1.11 earnings per share for the quarter, beating analysts’ consensus estimates of $1.07 by $0.04. Steris Plc had a net margin of 4.20% and a return on equity of 11.12%. The firm had revenue of $681.20 million for the quarter, compared to analyst estimates of $673.47 million. During the same period last year, the firm posted $0.90 EPS. Steris Plc’s quarterly revenue was down 1.3% on a year-over-year basis. On average, analysts expect that Steris Plc will post $4.04 earnings per share for the current year.

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

The business also recently announced a quarterly dividend, which will be paid on Thursday, June 29th. Shareholders of record on Wednesday, June 7th will be given a dividend of $0.28 per share. The ex-dividend date of this dividend is Monday, June 5th. This represents a $1.12 annualized dividend and a dividend yield of 1.36%. Steris Plc’s payout ratio is currently 87.50%.

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A number of research firms have recently commented on STE. Zacks Investment Research upgraded shares of Steris Plc from a “sell” rating to a “hold” rating in a report on Wednesday, March 22nd. KeyCorp upgraded shares of Steris Plc from a “sector weight” rating to an “overweight” rating and set a $89.00 price target on the stock in a report on Wednesday, May 3rd. Finally, Wellington Shields cut shares of Steris Plc from a “gradually accumulate” rating to a “hold” rating in a report on Monday, June 5th. Three equities research analysts have rated the stock with a hold rating and two have assigned a buy rating to the company’s stock. The company currently has an average rating of “Hold” and an average price target of $80.00.

Large investors have recently modified their holdings of the company. Dimensional Fund Advisors LP raised its stake in shares of Steris Plc by 3.8% in the fourth quarter. Dimensional Fund Advisors LP now owns 450,870 shares of the medical equipment provider’s stock valued at $30,386,000 after buying an additional 16,595 shares during the last quarter. Van ECK Associates Corp raised its stake in shares of Steris Plc by 18.3% in the fourth quarter. Van ECK Associates Corp now owns 10,725 shares of the medical equipment provider’s stock valued at $723,000 after buying an additional 1,658 shares during the last quarter. Cipher Capital LP raised its stake in shares of Steris Plc by 71.0% in the fourth quarter. Cipher Capital LP now owns 52,794 shares of the medical equipment provider’s stock valued at $3,558,000 after buying an additional 21,926 shares during the last quarter. Frontier Capital Management Co. LLC raised its stake in shares of Steris Plc by 3.9% in the fourth quarter. Frontier Capital Management Co. LLC now owns 1,761,075 shares of the medical equipment provider’s stock valued at $118,679,000 after buying an additional 65,496 shares during the last quarter. Finally, Russell Investments Group Ltd. bought a new stake in shares of Steris Plc during the fourth quarter valued at approximately $5,664,000. Institutional investors own 90.68% of the company’s stock.

Steris Plc Company Profile

STERIS plc provides infection prevention and other procedural products and services. The Company operates through four segments: Healthcare Products, which offers infection prevention and procedural solutions for healthcare providers, including capital equipment and related maintenance, and installation services, as well as consumables; Healthcare Specialty Services, which provides a range of specialty services for healthcare providers, including hospital sterilization services, instrument and scope repairs, and linen management; Life Sciences, which offers capital equipment and consumable products, and equipment maintenance and specialty services for pharmaceutical manufacturers and research facilities, and Applied Sterilization Technologies, which offers contract sterilization and laboratory services for medical device and pharmaceutical customers and others.

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