Sun Sep 15 12:15:00 UTC 2024: ## STERIS Stock Sees Mixed Activity: Hedge Funds Buy and Sell, CFO Sells Shares

**New York, NY – September 15, 2024** – STERIS plc (NYSE: STE), a leading provider of infection prevention products and services, has experienced a mix of activity from investors in recent months. The State of New Jersey Common Pension Fund D lowered its stake in the company by 34.1% in the second quarter, while several other hedge funds increased their positions.

The Pension Fund owned 35,533 shares worth $7,801,000 at the end of the quarter, after selling off 18,424 shares. However, Norges Bank acquired a new position in STERIS in the fourth quarter worth approximately $220,954,000, and APG Asset Management US Inc. also purchased a new position in the same quarter worth approximately $74,963,000.

Other notable changes include Sustainable Growth Advisers LP increasing its stake by 23.5% in the first quarter, now owning 1,485,578 shares worth $333,988,000. Impax Asset Management Group plc also increased its position by 29.7% in the second quarter, now owning 1,150,517 shares worth $251,663,000. Finally, Goldman Sachs Group Inc. expanded its stake by 71.7% in the fourth quarter, owning 603,879 shares valued at $132,763,000.

In separate news, STERIS CFO Michael J. Tokich sold 23,332 shares on September 10th at an average price of $247.00, for a total value of $5,763,004.00. Director Christopher S. Holland also sold 473 shares on August 8th at an average price of $239.68, for a total transaction of $113,368.64.

STERIS’s stock opened at $244.83 on Friday, with a market cap of $24.15 billion and a P/E ratio of 64.09. The company reported $2.14 earnings per share (EPS) for the second quarter, beating analysts’ estimates. STERIS also recently announced a quarterly dividend of $0.57, an increase from its previous dividend of $0.52.

Overall, STERIS continues to attract attention from both institutional and individual investors. The company’s performance, along with its commitment to innovation, makes it an interesting stock to watch.

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