STERIS (NYSE:STE) Reaches New 12-Month Low at $191.58

STERIS plc (NYSE:STEGet Rating)’s share price reached a new 52-week low during trading on Monday . The stock traded as low as $191.58 and last traded at $191.96, with a volume of 3027 shares. The stock had previously closed at $193.72.

Analysts Set New Price Targets

STE has been the subject of several recent research reports. Needham & Company LLC lowered their price target on shares of STERIS from $248.00 to $237.00 and set a “buy” rating for the company in a research report on Thursday, August 4th. StockNews.com upgraded shares of STERIS from a “hold” rating to a “buy” rating in a research report on Thursday, August 11th. JMP Securities decreased their target price on shares of STERIS from $270.00 to $250.00 in a research report on Thursday, August 4th. Piper Sandler started coverage on shares of STERIS in a research report on Thursday, July 14th. They issued an “overweight” rating and a $240.00 target price for the company. Finally, TheStreet raised shares of STERIS from a “c+” rating to a “b” rating in a report on Tuesday, August 2nd. Seven investment analysts have rated the stock with a buy rating, Based on data from MarketBeat.com, the stock currently has an average rating of “Buy” and an average target price of $252.00.

STERIS Stock Down 3.7 %

The company has a quick ratio of 1.35, a current ratio of 2.03 and a debt-to-equity ratio of 0.44. The company has a market capitalization of $18.31 billion, a PE ratio of 49.09 and a beta of 0.75. The business’s 50 day simple moving average is $208.32 and its 200 day simple moving average is $219.52.

STERIS Increases Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Friday, September 23rd. Shareholders of record on Wednesday, September 7th will be paid a dividend of $0.47 per share. The ex-dividend date is Tuesday, September 6th. This is a positive change from STERIS’s previous quarterly dividend of $0.43. This represents a $1.88 dividend on an annualized basis and a yield of 1.03%. STERIS’s dividend payout ratio is currently 50.40%.

Institutional Trading of STERIS

Hedge funds have recently bought and sold shares of the company. Tcwp LLC purchased a new stake in STERIS during the first quarter valued at about $25,000. 1832 Asset Management L.P. purchased a new stake in shares of STERIS in the first quarter worth approximately $25,000. Riverview Trust Co purchased a new stake in shares of STERIS in the first quarter worth approximately $29,000. Urban Wealth Management LLC purchased a new stake in shares of STERIS in the second quarter worth approximately $33,000. Finally, J.W. Cole Advisors Inc. purchased a new stake in shares of STERIS in the first quarter worth approximately $37,000. 92.04% of the stock is owned by hedge funds and other institutional investors.

About STERIS

(Get Rating)

STERIS plc provides infection prevention and other procedural 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; accessories for gastrointestinal (GI) procedures, 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.

Further Reading

Receive News & Ratings for STERIS Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for STERIS and related companies with MarketBeat.com's FREE daily email newsletter.