Steris: A Good Moment To Buy Shares In This Sterilization Leader

Steris provides infection prevention products and sterilization services to medical clientele (such as hospitals, outpatient surgery centers, and pharmaceutical companies). Steris has increased its dividend for 21 consecutive years. The 10-year dividend growth rate of 9.6% is strong, but more recent dividend raises have actually been over 10%. STE has a great financial position. Its long-term debt/equity ratio is 0.3, while the interest coverage ratio is over 18. The P/E ratio is now down to 26.6. That’s far lower than its five-year average of 46.8. Steris plc ( STE ) is an American, Ireland-domiciled medical equipment company. Founded in 1985, the company is now a $21 billion (by market cap) med tech player employing approximately 18,000 people. The company reports results across three segments: Healthcare, 71%, of FY 2026 revenue; Applied