STERIS plc (Ireland) (STE) Stock Analysis
Falling Knife setup
Healthcare · Medical Devices
Hold if already holding. Not a fresh buy at $206.51, but acceptable to hold if already in. Reasons: Concentration risk — Supplier: ethylene oxide and cobalt-60; Thin upside margin: 8.2%.
STERIS sells sterilization and infection prevention products and services globally through Healthcare, Applied Sterilization Technologies (AST), and Life Sciences segments, serving hospitals, medical device manufacturers, and pharmaceutical companies. Revenue comes from... Read more
Hold if already holding. Not a fresh buy at $206.51, but acceptable to hold if already in. Reasons: Concentration risk — Supplier: ethylene oxide and cobalt-60; Thin upside margin: 8.2%. Chart setup: Death cross, below all MAs, RSI 38, MACD bearish. Maintain position. Not compelling to add more. Score 5.8/10, moderate confidence.
Passes 6/9 gates (favorable risk/reward ratio, clean insider activity, news events none recent, earnings proximity 50d clear, semi cycle peak clear, materials cycle peak clear). Fails on weak momentum and death cross (50MA < 200MA). Suitability: moderate.
About STERIS plc (Ireland)
About STERIS plc (Ireland)
STERIS held $490.7 million in capital equipment backlog at March 31, 2026 — split between $392.1 million in Healthcare and $98.7 million in Life Sciences — reflecting demand for sterilizers, surgical tables, washers, and related equipment globally. The company divested its Dental segment as discontinued operations in fiscal 2025, leaving three reporting segments: Healthcare, Applied Sterilization Technologies, and Life Sciences. Ireland-domiciled and listed on the NYSE, STERIS operates contract sterilization and laboratory testing facilities across the Americas, Europe, and Asia, with 606 U.S. patents and 2,402 patents in other jurisdictions held at March 31, 2026.
STERIS earns revenue through consumable sales (cleaning chemistries, sterility assurance products, endoscopy accessories), capital equipment sales, and service contracts spanning installation, preventive maintenance, instrument repair, and outsourced reprocessing. The Healthcare segment addresses hospital sterile processing departments and procedural centers, with competitors including Getinge, Stryker, Olympus, and Belimed. The AST segment provides contract sterilization and laboratory testing to medical device and pharmaceutical manufacturers through a global facility network; EO (ethylene oxide) and cobalt-60 radioisotope are the two primary sterilization inputs the 10-K identifies as single-sourced in certain regions. The Life Sciences segment focuses on aseptic pharmaceutical manufacturing support, including vaporized hydrogen peroxide decontamination systems and high-purity water generators. In each of the three segments, no customer represented more than 10% of segment revenues in fiscal 2026.
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The 10-K explicitly names ethylene oxide and cobalt-60 as materials single-sourced in certain regions, both essential to AST contract sterilization operations. To address cobalt-60 supply risk, STERIS has been expanding irradiation capacity using accelerator-based technologies. If regional single-source supply of EO or cobalt-60 is disrupted, AST could face capacity constraints that may impact medical device manufacturers relying on contract sterilization turnaround. STERIS's Ireland domicile also exposes the company to GloBE Pillar Two minimum tax rules adopted across EU and other jurisdictions, which the 10-K notes could subject the company to additional income taxes in jurisdictions where the effective rate falls below 15%.
See also: Healthcare · Medical Devices
From STERIS plc (Ireland)'s most recent 10-K filing, extracted June 11, 2026.
Recent developments
updated 2026-06-17Recent Developments — STERIS plc (Ireland)
Latest news
- NEWS STERIS Keeps Quarterly Dividend at $0.63 a Share, Payable June 26 to Shareholders of Record on June 8 - marketscreener.c — marketscreener.com neutral
- NEWS STERIS appoints Pierre Boulud to board of directors By Investing.com - Investing.com Canada — Investing.com Canada positive
- NEWS STERIS appoints Pierre Boulud to board of directors By Investing.com - Investing.com Australia — Investing.com Australia neutral
- NEWS STERIS Appoints Pierre Boulud to Board of Directors - The Globe and Mail — The Globe and Mail positive
- NEWS Steris plc stock (IE00BFY8C754): Medical sterilization leader in focus for US investors - AD HOC NEWS — AD HOC NEWS positive
Generated 2026-06-17T08:56:48Z.
Upcoming dated catalysts
Thesis
Key Metrics
Quality Signals
Options Flow
Concentration Risks(10-K Item 1A)
- HIGHSupplierethylene oxide and cobalt-6010-K Item 1: 'single-sourced in certain regions of the world, such as ethylene oxide ("EO") and radioisotope cobalt-60 ("cobalt-60"), which are necessary to our AST operations'
Material Events(8-K, last 90d)
- 2026-05-07Item 5.02LOWDirector Richard C. Breeden (18 years of service) will not stand for reelection at the 2026 AGM; no disagreement cited. Pierre Boulud (CEO of bioMerieux) appointed to the Board on May 5, 2026, expanding Board from nine to ten members.SEC filing →
- 2026-04-06Item 5.02LOWAmendment to Aug 5, 2025 Transition Agreement with former CFO Michael J. Tokich: part-time senior financial advisor role extended through March 31, 2027 at reduced annual salary of $60,000. Routine compensatory arrangement for former officer.SEC filing →
Model-generated analysis — not investment advice. Not a registered investment advisor. Past performance does not guarantee future results.
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Rating Breakdown
2 floor-breakers
Price action weak — below key moving averages, no momentum carry. Needs a base before trend-continuation setups apply.static
Ranks in the bottom of its industry peers on the composite signal. Better names in the same sector exist.static
Price Targets
Position Sizing
Risk Alerts
Earnings
Verdict History
Frequently Asked Questions
Hold if already holding. Not a fresh buy at $206.51, but acceptable to hold if already in. Reasons: Concentration risk — Supplier: ethylene oxide and cobalt-60; Thin upside margin: 8.2%. Chart setup: Death cross, below all MAs, RSI 38, MACD bearish. Maintain position. Not compelling to add more. Target $223.47 (+8.2%), stop $198.26 (−4.2%), A.R:R 1.6:1. Score 5.8/10, moderate confidence.
Take-profit target: $223.47 (+8.2% upside). Target $223.47 (+8.2%), stop $198.26 (−4.2%), A.R:R 1.6:1. Stop-loss: $198.26.
Concentration risk — Supplier: ethylene oxide and cobalt-60; Thin upside margin: 8.2%; Negative momentum.
STERIS plc (Ireland) trades at a P/E of 26.0 (forward 17.0). TrendMatrix value score: 6.0/10. Verdict: Hold.
15 analysts cover STE with a consensus score of 3.9/5. Average price target: $257.
What does STERIS plc (Ireland) do?STERIS sells sterilization and infection prevention products and services globally through Healthcare, Applied...
STERIS sells sterilization and infection prevention products and services globally through Healthcare, Applied Sterilization Technologies (AST), and Life Sciences segments, serving hospitals, medical device manufacturers, and pharmaceutical companies. Revenue comes from consumables, capital equipment (sterilizers, surgical tables), and service contracts; the AST segment operates a global contract sterilization network on an outsourced basis.