STERIS plc (NYSE:STE) Holdings Lessened by Diker Management LLC

Diker Management LLC reduced its stake in shares of STERIS plc (NYSE:STE - Free Report) by 0.4% in the fourth quarter, according to its most recent filing with the Securities & Exchange Commission. The firm owned 265,233 shares of the medical equipment provider's stock after selling 1,133 shares during the period. STERIS comprises 47.3% of Diker Management LLC's investment portfolio, making the stock its biggest position. Diker Management LLC owned approximately 0.27% of STERIS worth $54,521,000 as of its most recent filing with the Securities & Exchange Commission.

Several other large investors also recently modified their holdings of the stock. Avalon Trust Co bought a new position in STERIS in the 4th quarter worth approximately $30,000. Human Investing LLC purchased a new position in STERIS in the 4th quarter worth approximately $31,000. Anfield Capital Management LLC raised its stake in shares of STERIS by 100.0% during the fourth quarter. Anfield Capital Management LLC now owns 182 shares of the medical equipment provider's stock valued at $37,000 after acquiring an additional 91 shares during the last quarter. Manchester Capital Management LLC lifted its stake in STERIS by 182.7% in the fourth quarter. Manchester Capital Management LLC now owns 212 shares of the medical equipment provider's stock worth $44,000 after acquiring an additional 137 shares during the period. Finally, Brown Brothers Harriman & Co. boosted its position in STERIS by 66.7% during the 4th quarter. Brown Brothers Harriman & Co. now owns 220 shares of the medical equipment provider's stock valued at $45,000 after acquiring an additional 88 shares in the last quarter. Hedge funds and other institutional investors own 94.69% of the company's stock.

Analysts Set New Price Targets

Several research analysts recently issued reports on the stock. Stephens upgraded shares of STERIS to a "strong-buy" rating in a research note on Thursday, May 1st. Needham & Company LLC reiterated a "hold" rating on shares of STERIS in a report on Monday, April 7th. JMP Securities restated a "market outperform" rating and issued a $265.00 price target on shares of STERIS in a research note on Thursday, April 10th. Finally, Piper Sandler lifted their price objective on STERIS from $260.00 to $265.00 and gave the company an "overweight" rating in a research note on Monday, February 3rd. One analyst has rated the stock with a hold rating, four have issued a buy rating and one has assigned a strong buy rating to the company. According to data from MarketBeat.com, the stock presently has an average rating of "Buy" and a consensus target price of $258.75.

STERIS Stock Up 0.3 %

STE stock traded up $0.68 during midday trading on Friday, hitting $226.54. The company's stock had a trading volume of 511,899 shares, compared to its average volume of 536,534. The company has a market cap of $22.26 billion, a PE ratio of 48.10 and a beta of 0.96. The firm's 50-day moving average is $223.40 and its 200-day moving average is $218.85. STERIS plc has a 12 month low of $200.98 and a 12 month high of $248.24. The company has a current ratio of 2.13, a quick ratio of 1.40 and a debt-to-equity ratio of 0.32.

STERIS (NYSE:STE - Get Free Report) last posted its earnings results on Wednesday, February 5th. The medical equipment provider reported $2.32 earnings per share (EPS) for the quarter, missing the consensus estimate of $2.33 by ($0.01). STERIS had a net margin of 8.66% and a return on equity of 13.91%. On average, equities research analysts forecast that STERIS plc will post 9.08 earnings per share for the current fiscal year.

STERIS Dividend Announcement

The business also recently announced a quarterly dividend, which will be paid on Thursday, June 26th. Investors of record on Tuesday, June 10th will be issued a $0.57 dividend. This represents a $2.28 annualized dividend and a yield of 1.01%. The ex-dividend date of this dividend is Tuesday, June 10th. STERIS's dividend payout ratio is currently 48.41%.

STERIS Company Profile

STERIS plc provides infection prevention products and services worldwide. It operates through four segments: Healthcare, Applied Sterilization Technologies, Life Sciences, and Dental. The Healthcare segment offers cleaning chemistries and sterility assurance products; automated endoscope reprocessing system and tracking products; endoscopy accessories, washers, sterilizers, and other pieces of capital equipment for the operation of a sterile processing department; and equipment used directly in the operating room, including surgical tables, lights, and connectivity solutions, as well as equipment management services.