Steris (STE)

• Market cap: $22.4B
• 1 day: -1.17%
• 5 days: -4.01%
• 1 month: -5.28%
• 3 months: 3.14%
• 6 months: 9.96%
• Year to date: 12.63%
• 1 year: 4.68%
• 5 years: 51.86%
• 10 years: 238.17%
• Sector: Healthcare
• Industry: Medical Devices

About: Steris is an Ireland-domiciled medical technology company focused on sterilization services and infection prevention. The company is the global leader in contract sterilization services, ensuring the safe delivery of single-use and implantable medical equipment to hospitals around the world. Steris also sells sterilizers, washer-disinfectors, and other decontamination equipment and supplies for use by care provider facilities and in biopharma manufacturing sites. Domiciled in the United States before its inversion to Ireland, the firm derives approximately 70% of its revenue from Healthcare Services, 19% from Applied Sterilization Technologies, or AST, and 11% from life sciences services after the divestment of its dental products business.

Employees: 17,787

Fund manager confidence

Based on 2025 Q1 regulatory disclosures by fund managers ($100M+ AUM)

40% more first-time investments, than exits

New positions opened: 95 | Existing positions closed: 68

10% more capital invested

Capital invested by funds: $18.8B [Q4 2024] → $20.7B (+$1.91B) [Q1 2025]

1% more funds holding

Funds holding: 756 [Q4 2024] → 764 (+8) [Q1 2025]

4% more repeat investments, than reductions

Existing positions increased: 290 | Existing positions reduced: 278

0.53% more ownership

Funds ownership: 92.86% [Q4 2024] → 93.39% (+0.53%) [Q1 2025]

9% less call options, than puts

Call options by funds: $8.15M | Put options by funds: $8.91M

43% less funds holding in top 10

Funds holding in top 10: 7 [Q4 2024] → 4 (-3) [Q1 2025]

Research analyst outlook

4 Wall Street Analysts provided 1 year price targets over the past 3 months

• Low target: $250 10% upside
• Avg. target: $263 15% upside
• High target: $280 23% upside

4 analyst ratings

• positive: 2 50%
• neutral: 2 50%
• negative: 0 0%

Jefferies David Windley	15% upside $263	Hold Initiated	29 May 2025
Morgan Stanley Patrick Wood	14% upside $260	Equal-Weight Maintained	19 May 2025
JMP Securities David Turkaly	23% upside $280	Market Outperform Maintained	16 May 2025
Stephens & Co. Steven Etoch	10% upside $250	Overweight Reiterated	15 May 2025