Sumitomo Mitsui Trust Holdings Purchases 25,585 Shares of STERIS PLC
January 8, 2023
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STERIS PLC ($NYSE:STE) is a British multinational medical equipment and services provider headquartered in Yorkshire, England. It is a leader in the sterilization, decontamination, and surgical support services. It provides many services to hospitals and healthcare facilities worldwide. Recently, Sumitomo Mitsui Trust Holdings Inc. purchased 25,585 shares of STERIS PLC. This is a sign of confidence in the company’s future prospects. Sumitomo Mitsui Trust Holdings Inc. is a leading global financial services group that provides asset management, banking and leasing services to individuals, businesses and institutions. This purchase is great news for STERIS PLC shareholders as it shows that a large institutional investor believes in the company’s long-term prospects.
It also indicates that investors are optimistic about the company’s future performance. This could lead to increased share prices as more investors become confident in the company’s trajectory. STERIS PLC has made significant investments in recent years to expand its portfolio of medical equipment and services. The company has also been focusing on expanding its presence in emerging markets such as China and India. This could lead to further growth for the company as it taps into these lucrative markets. It shows that large institutional investors are confident in the company’s potential for growth and success in the future.
Stock Price
At the time of writing, media exposure was mostly positive, with STERIS PLC stock opening at $186.6 and closing at $185.6, up by 0.5% from its previous closing price of 184.7. Analysts have pointed out that this purchase indicates that the company is likely to experience further growth in the coming months.
Additionally, this purchase is a sign of confidence in the company’s ability to continue to deliver strong earnings and returns for investors. Investors are also looking forward to the company’s upcoming financial results, which are expected to be released in the coming weeks. This could provide further insight into the company’s performance and outlook. Furthermore, analysts are expecting the company to report positive results given its strong fundamentals and continued growth prospects. The increased confidence in the company is expected to lead to further gains in its stock price over the coming months. Additionally, investors are expecting the company to report strong financial results in the near future, which could provide further momentum for its stock price. 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 |
| 4.78k | -8.14 | 6.0% |
Cash Flow Snapshot
Below shows the cash from operations, investing and financing for Steris Plc. More…
| Operations | Investing | Financing |
| 751.62 | -193.57 | -650.24 |
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 |
| 10.49k | 4.68k | 58.1 |
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 |
| 18.1% | 10.0% | 3.2% |
| FCF Margin | ROE | ROA |
| 8.3% | 1.5% | 0.9% |
VI Analysis
Investors seeking high growth potential may be interested in STERIS PLC, as its fundamentals reflect its long term potential. According to the VI Star Chart, the company has a high health score of 8/10 based on its cashflows and debt, suggesting it is capable of paying off debt and funding future operations. Additionally, STERIS PLC is strong in dividend, growth, and profitability, but weak in asset. This combination of strengths and weaknesses classifies the company as a ‘cheetah’ – a type of company that has achieved high revenue or earnings growth, but is considered less stable due to lower profitability. The company’s strengths in dividend, growth, and profitability make it an attractive option to investors who are looking for a more secure investment. However, as the company is weak in assets, investors must be aware of the risks associated with investing in such a volatile business. Investors should also consider the current market conditions when deciding to invest in STERIS PLC. Overall, STERIS PLC is an attractive investment option for investors seeking high growth potential. Its strong dividend and growth prospects make it a viable option for those looking for a more secure option. However, investors should exercise caution when considering such a volatile company, and assess the current market conditions before investing. More…
VI 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
Investors in STERIS PLC have been viewing the company favorably, as evidenced by Sumitomo Mitsui Trust Holdings Inc. recently purchasing 25,585 shares of the stock. Analysts suggest that STERIS PLC is a good investment opportunity due to its strong financials and positive future outlook. The company has a strong balance sheet and is expected to report strong earnings growth in the coming quarters. The stock has seen a steady rise in share price over the past year, making it a desirable option for investors looking to diversify their portfolios.
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