STERIS plc (NYSE:STE) Shares Purchased by Hilton Capital Management LLC

Hilton Capital Management LLC grew its holdings in shares of STERIS plc (NYSE:STE) by 4.5% in the fourth quarter, according to its most recent filing with the SEC. The firm owned 6,887 shares of the medical equipment provider’s stock after acquiring an additional 297 shares during the quarter. Hilton Capital Management LLC’s holdings in STERIS were worth $1,416,000 as of its most recent SEC filing.

Other institutional investors and hedge funds also recently modified their holdings of the company. Janney Montgomery Scott LLC grew its position in STERIS by 3.5% in the 3rd quarter. Janney Montgomery Scott LLC now owns 7,609 shares of the medical equipment provider’s stock valued at $1,846,000 after buying an additional 256 shares in the last quarter. Principal Financial Group Inc. boosted its holdings in shares of STERIS by 9.5% in the third quarter. Principal Financial Group Inc. now owns 1,114,224 shares of the medical equipment provider’s stock valued at $270,230,000 after acquiring an additional 96,336 shares in the last quarter. Axxcess Wealth Management LLC acquired a new position in shares of STERIS during the third quarter valued at approximately $203,000. Ashton Thomas Securities LLC bought a new stake in STERIS during the third quarter worth approximately $25,000. Finally, Sumitomo Mitsui Trust Group Inc. lifted its position in STERIS by 0.8% in the third quarter. Sumitomo Mitsui Trust Group Inc. now owns 220,866 shares of the medical equipment provider’s stock worth $53,569,000 after purchasing an additional 1,706 shares during the period. Institutional investors own 94.69% of the company’s stock.

STERIS Stock Performance

STE stock opened at $222.39 on Friday. The stock has a market cap of $21.85 billion, a P/E ratio of 47.22 and a beta of 0.92. The company has a debt-to-equity ratio of 0.32, a quick ratio of 1.40 and a current ratio of 2.13. The firm has a 50 day simple moving average of $218.71 and a 200 day simple moving average of $222.64. STERIS plc has a 52 week low of $197.82 and a 52 week high of $248.24.

STERIS (NYSE:STE) last released its quarterly earnings data on Wednesday, February 5th. The medical equipment provider reported $2.32 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $2.33 by ($0.01). STERIS had a net margin of 8.66% and a return on equity of 13.91%. Research analysts anticipate that STERIS plc will post 9.08 earnings per share for the current fiscal year.

STERIS Announces Dividend

The firm also recently announced a quarterly dividend, which will be paid on Friday, March 21st. Shareholders of record on Thursday, February 20th will be given a $0.57 dividend. This represents a $2.28 annualized dividend and a yield of 1.03%. The ex-dividend date is Thursday, February 20th. STERIS’s dividend payout ratio is 48.41%.

Wall Street Analyst Weigh In

A number of equities research analysts have recently issued reports on STE shares. JMP Securities reaffirmed a “market outperform” rating and set a $265.00 target price on shares of STERIS in a research report on Thursday, February 6th. Stephens reiterated an “overweight” rating and issued a $240.00 target price on shares of STERIS in a report on Thursday, February 6th. Finally, Piper Sandler lifted their target price on shares of STERIS from $260.00 to $265.00 and gave the stock an “overweight” rating in a research report on Monday, February 3rd. One investment analyst has rated the stock with a hold rating and five have assigned a buy rating to the stock. According to MarketBeat.com, STERIS presently has an average rating of “Moderate Buy” and a consensus price target of $258.75.

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.