Retirement Systems of Alabama decreased its position in STERIS PLC (NYSE:STE) by 0.1% during the second quarter, Holdings Channel reports. The institutional investor owned 159,092 shares of the medical equipment provider’s stock after selling 157 shares during the period. Retirement Systems of Alabama’s holdings in STERIS PLC were worth $12,966,000 at the end of the most recent quarter.

Other large investors also recently made changes to their positions in the company. Van ECK Associates Corp boosted its stake in shares of STERIS PLC by 0.4% in the first quarter. Van ECK Associates Corp now owns 10,770 shares of the medical equipment provider’s stock worth $748,000 after buying an additional 45 shares in the last quarter. CENTRAL TRUST Co boosted its stake in shares of STERIS PLC by 1.3% in the first quarter. CENTRAL TRUST Co now owns 3,670 shares of the medical equipment provider’s stock worth $255,000 after buying an additional 47 shares in the last quarter. Raymond James Trust N.A. boosted its stake in shares of STERIS PLC by 1.3% in the first quarter. Raymond James Trust N.A. now owns 5,473 shares of the medical equipment provider’s stock worth $380,000 after buying an additional 71 shares in the last quarter. Westside Investment Management Inc. boosted its stake in shares of STERIS PLC by 2.7% in the first quarter. Westside Investment Management Inc. now owns 4,800 shares of the medical equipment provider’s stock worth $333,000 after buying an additional 125 shares in the last quarter. Finally, Municipal Employees Retirement System of Michigan boosted its stake in shares of STERIS PLC by 0.5% in the first quarter. Municipal Employees Retirement System of Michigan now owns 39,480 shares of the medical equipment provider’s stock worth $2,742,000 after buying an additional 180 shares in the last quarter. Institutional investors own 91.80% of the company’s stock.

STERIS PLC (STE) opened at 86.23 on Thursday. The firm’s 50-day moving average price is $82.41 and its 200 day moving average price is $74.89. The company has a market cap of $7.33 billion, a PE ratio of 67.37 and a beta of 1.33. STERIS PLC has a 52-week low of $63.80 and a 52-week high of $87.49.

STERIS PLC (NYSE:STE) last posted its quarterly earnings data on Tuesday, August 8th. The medical equipment provider reported $0.85 earnings per share for the quarter, topping the Thomson Reuters’ consensus estimate of $0.80 by $0.05. STERIS PLC had a return on equity of 11.39% and a net margin of 4.63%. The business had revenue of $608 million for the quarter, compared to analysts’ expectations of $597.66 million. During the same quarter in the previous year, the firm earned $0.79 earnings per share. The business’s revenue was down 4.8% on a year-over-year basis. On average, equities analysts predict that STERIS PLC will post $4.04 EPS for the current fiscal year.

The company also recently announced a quarterly dividend, which will be paid on Thursday, September 28th. Shareholders of record on Tuesday, August 29th will be paid a $0.31 dividend. The ex-dividend date is Friday, August 25th. This is a positive change from STERIS PLC’s previous quarterly dividend of $0.28. This represents a $1.24 annualized dividend and a dividend yield of 1.44%. STERIS PLC’s payout ratio is presently 80.00%.

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A number of equities research analysts have recently issued reports on the company. Raymond James Financial, Inc. upped their price objective on STERIS PLC from $90.00 to $95.00 and gave the stock an “outperform” rating in a research note on Wednesday. Zacks Investment Research upgraded STERIS PLC from a “hold” rating to a “buy” rating and set a $92.00 price target on the stock in a research note on Tuesday, July 11th. Wellington Shields cut STERIS PLC from a “gradually accumulate” rating to a “hold” rating in a research note on Monday, June 5th. BidaskClub cut STERIS PLC from a “strong-buy” rating to a “buy” rating in a research note on Monday, July 31st. Finally, KeyCorp upgraded STERIS PLC from a “sector weight” rating to an “overweight” rating and set a $89.00 price target on the stock in a research note on Wednesday, May 3rd. Two investment analysts have rated the stock with a hold rating and five have given a buy rating to the company’s stock. The company has an average rating of “Buy” and an average target price of $86.75.

In other STERIS PLC news, VP Sudhir K. Pahwa sold 800 shares of the business’s stock in a transaction on Thursday, May 25th. The stock was sold at an average price of $77.28, for a total value of $61,824.00. The sale was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. Also, insider Daniel A. Carestio sold 4,745 shares of the business’s stock in a transaction on Tuesday, June 13th. The shares were sold at an average price of $80.08, for a total value of $379,979.60. The disclosure for this sale can be found here. Over the last 90 days, insiders sold 30,340 shares of company stock worth $2,432,704. Corporate insiders own 2.55% of the company’s stock.

About STERIS PLC

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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Institutional Ownership by Quarter for STERIS PLC (NYSE:STE)

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