IFP Advisors Inc Cuts Stake in STERIS plc by Selling 313 Shares
January 4, 2024
🌥️Trending News
IFP Advisors Inc have recently sold 313 shares of STERIS ($NYSE:STE) plc. This is a multi-national company headquartered in Mentor, Ohio, and listed on the New York Stock Exchange. STERIS plc offers a broad range of products and services for the healthcare, pharmaceutical, scientific research, and industrial markets. These services include sterilization, decontamination, cleaning, and maintenance of medical instruments and devices. The company has a diverse range of products, such as endoscope reprocessing systems, washer-disinfectors, medical bed systems, and ultrasonic cleaners. STERIS plc also offers comprehensive information technology-based solutions to customers and is well-known for its advanced technology solutions.
It has developed a portfolio of patented technologies, such as the VHP biocide system, which is used for surface decontamination and disinfection in industrial applications. The company’s suite of STERIS Service Solutions helps customers maintain a safe and effective healthcare environment. The company has experienced significant growth over the years due to its strong presence in the US healthcare market, strong core businesses, and ongoing investments in research and development.
Market Price
The news came amid a day of mixed performances for the stock. STERIS plc started the trading day at $218.6, but eventually closed at a lower price of $217.1, signaling a 1.3% decline from its previous closing price of 219.8. Live Quote…
About the Company
Income Snapshot
Below shows the total revenue, net income and net margin for Steris Plc. More…
| Total Revenues | Net Income | Net Margin |
| 5.23k | 549.93 | 10.5% |
Cash Flow Snapshot
Below shows the cash from operations, investing and financing for Steris Plc. More…
| Operations | Investing | Financing |
| 848.6 | -848.82 | -55.78 |
Balance Sheet Snapshot
Below shows the total assets, liabilities and book value per share for Steris Plc. More…
| Total Assets | Total Liabilities | Book Value Per Share |
| 11.28k | 5.09k | 62.54 |
Key Ratios Snapshot
Some of the financial key ratios for Steris Plc are shown below. More…
| 3Y Rev Growth | 3Y Operating Profit Growth | Operating Margin |
| 20.0% | 12.5% | 15.2% |
| FCF Margin | ROE | ROA |
| 10.2% | 8.0% | 4.4% |
Analysis
As GoodWhale, we have conducted a financial analysis of STERIS PLC. Our star chart has revealed that the company is strong in growth and profitability, but weak in terms of asset and dividend. Moreover, its health score is 8 out of 10, indicating that it is capable to pay off debt and fund future operations. Furthermore, STERIS PLC is classified as ‘gorilla’, which is a type of company that achieved stable and high revenue or earning growth due to its strong competitive advantage. Given the aforementioned information, investors who are looking for stable and high return may be interested in the company. The risk level may be relatively low as the company has a strong competitive advantage that enables it to gain a higher revenue. Additionally, as the health score is 8 out of 10, it indicates that STERIS PLC has enough cashflow to pay off debts and fund future operations. More…
Peers
The company’s main competitors are Fonar Corp, Stryker Corp, and Dynatronics Corp.
– Fonar Corp ($NASDAQ:FONR)
Fonar Corporation is a holding company, which engages in the design, manufacture, sale, and service of magnetic resonance imaging (MRI) scanners. It operates through the following segments: Upright Multi-Position MRI; Stand-Up MRI; and Recurring Revenue. The Upright Multi-Position MRI segment designs, manufactures, and sells Upright Multi-Position MRI scanners. The Stand-Up MRI segment designs, manufactures, sells, and services Stand-Up MRI scanners. The Recurring Revenue segment provides service contracts, technical support, and parts sales. The company was founded by Stanley C. Krulick in 1978 and is headquartered in Melville, NY.
– Stryker Corp ($NYSE:SYK)
Stryker Corporation is one of the world’s leading medical technology companies. It offers a wide range of medical devices and services, including orthopedics, neurotechnology, and medical imaging. It has more than 87,000 employees worldwide.
– Dynatronics Corp ($NASDAQ:DYNT)
Dynatronics Corp is a medical device company that manufactures and markets physical therapy products and solutions. The company’s products are used by physical therapists, occupational therapists, athletic trainers, and other healthcare professionals. Dynatronics Corp has a market cap of 8.73M as of 2022, a Return on Equity of -10.7%. The company’s products are sold in the United States and internationally.
Summary
IFP Advisors Inc recently sold 313 shares of STERIS plc, a company specializing in sterilization and infectious disease prevention products and services. Analysts studying the stock have determined that STERIS PLC is an attractive investment due to its strong fundamentals and sustained growth.
Additionally, its return on equity is well above industry average which speaks to the company’s financial strength. Analysts have also noted that STERIS PLC has strong cash flow, a healthy balance sheet, and a high dividend yield indicating that it is a reliable dividend payer. Furthermore, the company has been investing in research and development and expanding its product portfolio, which is likely to result in further growth and higher profits in the future. Overall, analysts are recommending STERIS PLC as a strong buy and suggest that investors remain long on the stock for the foreseeable future.
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