Sit Investment Associates Inc. cut its holdings in shares of Steris PLC (NYSE:STE) by 2.3% during the 4th quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The fund owned 17,040 shares of the medical equipment provider’s stock after selling 400 shares during the quarter. Sit Investment Associates Inc.’s holdings in Steris were worth $1,821,000 at the end of the most recent quarter.

A number of other hedge funds have also bought and sold shares of STE. Rehmann Capital Advisory Group raised its stake in shares of Steris by 15.6% in the 3rd quarter. Rehmann Capital Advisory Group now owns 712 shares of the medical equipment provider’s stock worth $81,000 after buying an additional 96 shares in the last quarter. State of Alaska Department of Revenue raised its position in shares of Steris by 2.0% during the fourth quarter. State of Alaska Department of Revenue now owns 8,892 shares of the medical equipment provider’s stock worth $950,000 after purchasing an additional 172 shares during the period. Steward Partners Investment Advisory LLC raised its position in shares of Steris by 118.0% during the third quarter. Steward Partners Investment Advisory LLC now owns 909 shares of the medical equipment provider’s stock worth $104,000 after purchasing an additional 492 shares during the period. DekaBank Deutsche Girozentrale raised its position in shares of Steris by 5.1% during the third quarter. DekaBank Deutsche Girozentrale now owns 12,929 shares of the medical equipment provider’s stock worth $1,477,000 after purchasing an additional 631 shares during the period. Finally, IFP Advisors Inc raised its position in shares of Steris by 46.6% during the third quarter. IFP Advisors Inc now owns 2,019 shares of the medical equipment provider’s stock worth $231,000 after purchasing an additional 642 shares during the period. Institutional investors own 87.07% of the company’s stock.

Shares of NYSE STE opened at $112.65 on Friday. The company has a current ratio of 2.63, a quick ratio of 2.01 and a debt-to-equity ratio of 0.41. Steris PLC has a one year low of $82.88 and a one year high of $121.67. The stock has a market capitalization of $9.40 billion, a price-to-earnings ratio of 27.14 and a beta of 1.08.

Steris (NYSE:STE) last issued its earnings results on Tuesday, November 6th. The medical equipment provider reported $1.10 EPS for the quarter, beating analysts’ consensus estimates of $1.08 by $0.02. Steris had a return on equity of 12.15% and a net margin of 11.72%. The firm had revenue of $679.00 million for the quarter, compared to the consensus estimate of $659.14 million. During the same quarter in the previous year, the company posted $0.94 earnings per share. The business’s quarterly revenue was up 7.1% compared to the same quarter last year. On average, equities research analysts anticipate that Steris PLC will post 4.78 EPS for the current fiscal year.

The company also recently announced a quarterly dividend, which was paid on Friday, December 21st. Shareholders of record on Wednesday, November 28th were paid a $0.34 dividend. The ex-dividend date of this dividend was Tuesday, November 27th. This represents a $1.36 dividend on an annualized basis and a yield of 1.21%. Steris’s dividend payout ratio (DPR) is currently 32.77%.

STE has been the topic of a number of research analyst reports. Sidoti lifted their price target on Steris from $155.00 to $157.00 and gave the company a “buy” rating in a report on Thursday, December 6th. KeyCorp lifted their price target on Steris from $120.00 to $132.00 and gave the company an “overweight” rating in a report on Tuesday, November 13th. Finally, Zacks Investment Research upgraded Steris from a “sell” rating to a “hold” rating in a report on Thursday, September 20th. Six investment analysts have rated the stock with a buy rating, Steris has a consensus rating of “Buy” and an average target price of $128.83.

In other Steris news, VP John Adam Zangerle sold 1,750 shares of the stock in a transaction on Friday, January 11th. The stock was sold at an average price of $110.00, for a total value of $192,500.00. Following the transaction, the vice president now directly owns 32,546 shares in the company, valued at approximately $3,580,060. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this link. Also, CEO Walter M. Rosebrough, Jr. sold 10,000 shares of the stock in a transaction on Wednesday, November 7th. The shares were sold at an average price of $120.50, for a total value of $1,205,000.00. The disclosure for this sale can be found here. Insiders sold 46,250 shares of company stock worth $5,508,520 in the last 90 days. Corporate insiders own 2.38% of the company’s stock.

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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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Institutional Ownership by Quarter for Steris (NYSE:STE)

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