Public Employees Retirement Association of Colorado cut its holdings in shares of Steris Plc (NYSE:STE) by 0.2% in the 3rd quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor owned 813,020 shares of the medical equipment provider’s stock after selling 1,597 shares during the period. Public Employees Retirement Association of Colorado owned about 0.95% of Steris Plc worth $71,871,000 as of its most recent SEC filing.
Several other institutional investors have also made changes to their positions in STE. Parametric Portfolio Associates LLC grew its stake in Steris Plc by 18.6% in the first quarter. Parametric Portfolio Associates LLC now owns 23,513 shares of the medical equipment provider’s stock worth $1,633,000 after purchasing an additional 3,683 shares in the last quarter. JPMorgan Chase & Co. grew its stake in Steris Plc by 2.3% in the first quarter. JPMorgan Chase & Co. now owns 67,052 shares of the medical equipment provider’s stock worth $4,657,000 after purchasing an additional 1,490 shares in the last quarter. OppenheimerFunds Inc. grew its stake in Steris Plc by 22.6% in the first quarter. OppenheimerFunds Inc. now owns 9,332 shares of the medical equipment provider’s stock worth $648,000 after purchasing an additional 1,722 shares in the last quarter. Teachers Advisors LLC grew its stake in Steris Plc by 12.6% in the first quarter. Teachers Advisors LLC now owns 225,511 shares of the medical equipment provider’s stock worth $15,664,000 after purchasing an additional 25,160 shares in the last quarter. Finally, TIAA CREF Investment Management LLC grew its stake in Steris Plc by 11.9% in the first quarter. TIAA CREF Investment Management LLC now owns 133,716 shares of the medical equipment provider’s stock worth $9,288,000 after purchasing an additional 14,225 shares in the last quarter. Institutional investors own 94.09% of the company’s stock.
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Steris Plc (NYSE:STE) last posted its quarterly earnings data on Wednesday, November 1st. The medical equipment provider reported $0.94 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.95 by ($0.01). Steris Plc had a return on equity of 11.39% and a net margin of 4.63%. The company had revenue of $634.20 million for the quarter, compared to the consensus estimate of $629.02 million. During the same quarter in the previous year, the firm posted $0.89 EPS. The business’s revenue for the quarter was down 1.9% compared to the same quarter last year.
The firm also recently announced a quarterly dividend, which will be paid on Wednesday, December 20th. Investors of record on Wednesday, November 22nd will be paid a $0.31 dividend. The ex-dividend date is Tuesday, November 21st. This represents a $1.24 dividend on an annualized basis and a yield of 1.33%. Steris Plc’s payout ratio is currently 88.57%.
A number of equities analysts recently commented on the company. BidaskClub downgraded Steris Plc from a “strong-buy” rating to a “buy” rating in a research note on Monday, July 31st. Zacks Investment Research upgraded Steris Plc from a “hold” rating to a “buy” rating and set a $101.00 price target for the company in a research note on Monday, October 9th. Raymond James Financial, Inc. lifted their price target on Steris Plc from $95.00 to $100.00 and gave the stock an “outperform” rating in a research note on Monday, October 16th. Finally, KeyCorp reiterated a “buy” rating and issued a $91.00 price target on shares of Steris Plc in a research note on Tuesday, October 17th. Two analysts have rated the stock with a hold rating and five have assigned a buy rating to the company’s stock. Steris Plc currently has a consensus rating of “Buy” and an average target price of $93.25.
In related news, insider Michael J. Tokich sold 11,000 shares of the company’s stock in a transaction dated Monday, October 23rd. The shares were sold at an average price of $92.00, for a total value of $1,012,000.00. Following the sale, the insider now owns 58,588 shares of the company’s stock, valued at $5,390,096. The transaction was disclosed in a legal filing with the SEC, which is accessible through this hyperlink. Also, VP Karen L. Burton sold 3,270 shares of the company’s stock in a transaction dated Tuesday, August 15th. The shares were sold at an average price of $85.70, for a total transaction of $280,239.00. Following the completion of the sale, the vice president now directly owns 11,807 shares in the company, valued at approximately $1,011,859.90. The disclosure for this sale can be found here. In the last three months, insiders sold 205,086 shares of company stock worth $17,965,621. 2.55% of the stock is currently owned by insiders.
Steris Plc 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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