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STERIS rises as analyst upgrade adds to momentum from raised outlook

Investivoq PriceTracker

STERIS plc (STE) is up 4.3% today. Here is some analysis on what might have caused this price movement.

Analysis: The move appears to be driven mainly by a fresh analyst upgrade, which likely reinforced bullish sentiment after STERIS delivered solid quarterly results and lifted its full-year adjusted earnings outlook last week. Investors may also be responding to signs that integration and financing concerns around the pending Xodus Medical deal are becoming more manageable.

Details:

  • Jefferies upgraded STERIS to Buy from Hold on November 13 and raised its price target to $305 from $232, pointing to valuation and easing headwinds.
  • In fiscal second-quarter results released November 4, STERIS reported revenue growth of 9% to about $1.6 billion, with adjusted diluted EPS of $2.94.
  • The company increased its fiscal 2027 adjusted EPS outlook to $11.35 to $11.55 from $11.10 to $11.30, citing solid operating performance and tariff refunds received year to date.
  • STERIS is also financing its pending acquisition of Xodus Medical, including a $1.5 billion senior notes offering, while still indicating the transaction is expected to close by December 31, 2026.

    • Sources:

    STERIS Investor Relations, SEC, StockAnalysis

    Disclaimer: This price movement analysis was generated with the help of AI. Please double-check the information provided for mistakes.

    $STE Insider Trading Activity

    STE Insider Trades

    $STE insiders have traded $STE stock on the open market 8 times in the past 6 months. Of those trades, 0 have been purchases and 8 have been sales.

    Here’s a breakdown of recent trading of $STE stock by insiders over the last 6 months:

    • MOHSEN SOHI has made 0 purchases and 3 sales selling 8,951 shares for an estimated $2,195,803.
    • KAREN L BURTON (Sr. Vice Pres., CFO) sold 5,880 shares for an estimated $1,503,045
    • DANIEL A CARESTIO (President and CEO) has made 0 purchases and 2 sales selling 4,428 shares for an estimated $946,798.
    • RICHARD C BREEDEN sold 1,481 shares for an estimated $310,284
    • JOHN ADAM ZANGERLE (Sr. VP, Gen Counsel, and Sec.) sold 1,419 shares for an estimated $296,968

    To track insider transactions, check out Investivoq's insider trading dashboard. You can access data on insider stock transactions through the Investivoq API insider transaction endpoint.

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    $STE Hedge Fund Activity

    We have seen 409 institutional investors add shares of $STE stock to their portfolio, and 432 decrease their positions in their most recent quarter.

    Here are some of the largest recent moves:

    • CALIFORNIA STATE TEACHERS RETIREMENT SYSTEM removed 35,102,058 shares (-99.5%) from their portfolio in Q3 2026, for an estimated $7,371,783,200
    • UBS AM, A DISTINCT BUSINESS UNIT OF UBS ASSET MANAGEMENT AMERICAS LLC removed 1,248,344 shares (-99.6%) from their portfolio in Q2 2026, for an estimated $262,863,796
    • FRANKLIN RESOURCES INC removed 1,182,100 shares (-95.1%) from their portfolio in Q2 2026, for an estimated $248,914,797
    • GOLDMAN SACHS GROUP INC added 981,568 shares (+257.2%) to their portfolio in Q2 2026, for an estimated $206,688,773
    • ARROWSTREET CAPITAL, LIMITED PARTNERSHIP added 698,353 shares (+134.4%) to their portfolio in Q2 2026, for an estimated $147,052,191
    • SIXTH STREET PARTNERS MANAGEMENT COMPANY, L.P. removed 666,633 shares (-100.0%) from their portfolio in Q3 2026, for an estimated $139,999,596
    • FINDLAY PARK PARTNERS LLP removed 657,713 shares (-100.0%) from their portfolio in Q3 2026, for an estimated $138,126,307

    To track hedge funds' stock portfolios, check out Investivoq's institutional holdings dashboard. You can access data on hedge funds moves and 13F filings through the Investivoq API 13F endpoint.

    $STE Congressional Stock Trading

    Members of Congress have traded $STE stock 7 times in the past 6 months. Of those trades, 0 have been purchases and 7 have been sales.

    Here’s a breakdown of recent trading of $STE stock by members of Congress over the last 6 months:

    • REPRESENTATIVE KEVIN HERN sold up to $50,000 on 09/15.
    • REPRESENTATIVE APRIL MCCLAIN DELANEY has traded it 5 times. They made 0 purchases and 5 sales worth up to $310,000 on 08/25, 07/31, 07/29, 07/27, 07/24.
    • REPRESENTATIVE JARED MOSKOWITZ sold up to $15,000 on 07/13.

    To track congressional stock trading, check out Investivoq's congressional trading dashboard. You can access data on congressional stock trades through the Investivoq API Congress trades endpoint.

    $STE Analyst Ratings

    Wall Street analysts have issued reports on $STE in the last several months. We have seen 4 firms issue buy ratings on the stock, and 0 firms issue sell ratings.

    Here are some recent analyst ratings:

    • Jefferies issued a "Buy" rating on 11/13/2026
    • Keybanc issued a "Overweight" rating on 11/06/2026
    • UBS issued a "Buy" rating on 08/07/2026
    • Piper Sandler issued a "Overweight" rating on 08/07/2026

    To track analyst ratings and price targets for $STE, check out Investivoq's $STE forecast page.

    $STE Price Targets

    Multiple analysts have issued price targets for $STE recently. We have seen 4 analysts offer price targets for $STE in the last 6 months, with a median target of $279.5.

    Here are some recent targets:

    • David Windley from Jefferies set a target price of $305.0 on 11/13/2026
    • Brett Fishbin from Keybanc set a target price of $284.0 on 11/06/2026
    • Patrick Wood from UBS set a target price of $270.0 on 08/07/2026
    • Jason Bednar from Piper Sandler set a target price of $275.0 on 08/07/2026

    This article is not financial advice. See Investivoq's disclaimers for more information. Note that there may be inaccuracies due to mistakes in ticker-mapping, and other anomalies.