DENTSPLY SIRONA Inc. (NASDAQ:XRAY) Given Consensus Recommendation of "Hold" by Analysts

Shares of DENTSPLY SIRONA Inc. (NASDAQ:XRAY - Get Free Report) have been assigned an average recommendation of "Hold" from the fourteen research firms that are covering the stock, MarketBeat.com reports. Ten investment analysts have rated the stock with a hold recommendation and four have issued a buy recommendation on the company. The average 1-year price objective among brokerages that have covered the stock in the last year is $23.58.

A number of equities analysts recently issued reports on XRAY shares. Evercore ISI reiterated an "in-line" rating and issued a $20.00 target price on shares of DENTSPLY SIRONA in a report on Tuesday, January 7th. Barrington Research cut their target price on DENTSPLY SIRONA from $24.00 to $20.00 and set an "outperform" rating on the stock in a report on Friday. Needham & Company LLC dropped their price objective on DENTSPLY SIRONA from $25.00 to $23.00 and set a "buy" rating on the stock in a research note on Friday. Jefferies Financial Group cut DENTSPLY SIRONA from a "buy" rating to a "hold" rating and dropped their price objective for the company from $30.00 to $20.00 in a research note on Thursday, January 23rd. Finally, Robert W. Baird dropped their price objective on DENTSPLY SIRONA from $22.00 to $20.00 and set a "neutral" rating on the stock in a research note on Friday.

DENTSPLY SIRONA Stock Down 2.5 %

Shares of XRAY traded down $0.40 during trading hours on Friday, reaching $15.59. The stock had a trading volume of 3,382,797 shares, compared to its average volume of 2,593,609. DENTSPLY SIRONA has a 12 month low of $15.47 and a 12 month high of $34.28. The firm has a 50-day simple moving average of $18.77 and a 200 day simple moving average of $21.39. The company has a current ratio of 1.25, a quick ratio of 0.84 and a debt-to-equity ratio of 0.72. The company has a market capitalization of $3.10 billion, a price-to-earnings ratio of -7.53, a P/E/G ratio of 1.80 and a beta of 0.96.

DENTSPLY SIRONA Announces Dividend

The firm also recently announced a quarterly dividend, which will be paid on Friday, April 11th. Stockholders of record on Friday, March 28th will be given a dividend of $0.16 per share. This represents a $0.64 annualized dividend and a dividend yield of 4.11%. The ex-dividend date of this dividend is Friday, March 28th. DENTSPLY SIRONA's dividend payout ratio is presently -14.07%.

Insider Activity

In other news, Director Gregory T. Lucier acquired 15,142 shares of the firm's stock in a transaction that occurred on Monday, March 3rd. The stock was bought at an average price of $16.51 per share, with a total value of $249,994.42. Following the acquisition, the director now owns 81,971 shares in the company, valued at $1,353,341.21. The trade was a 22.66 % increase in their position. The acquisition was disclosed in a document filed with the SEC, which is accessible through the SEC website. Insiders own 0.52% of the company's stock.

Institutional Investors Weigh In On DENTSPLY SIRONA

Large investors have recently added to or reduced their stakes in the company. Riverview Trust Co purchased a new stake in DENTSPLY SIRONA in the 4th quarter worth about $26,000. Colonial Trust Co SC purchased a new position in DENTSPLY SIRONA during the 4th quarter valued at about $26,000. Capital Performance Advisors LLP purchased a new position in DENTSPLY SIRONA during the 3rd quarter valued at about $27,000. MassMutual Private Wealth & Trust FSB grew its holdings in DENTSPLY SIRONA by 648.4% during the 4th quarter. MassMutual Private Wealth & Trust FSB now owns 1,422 shares of the medical instruments supplier's stock valued at $27,000 after buying an additional 1,232 shares in the last quarter. Finally, UMB Bank n.a. grew its holdings in DENTSPLY SIRONA by 60.8% during the 4th quarter. UMB Bank n.a. now owns 1,492 shares of the medical instruments supplier's stock valued at $28,000 after buying an additional 564 shares in the last quarter. Hedge funds and other institutional investors own 95.70% of the company's stock.

About DENTSPLY SIRONA

DENTSPLY SIRONA Inc manufactures and sells various dental products and technologies worldwide. It operates in four segments: Connected Technology Solutions, Essential Dental Solutions, Orthodontic and Implant Solutions, and Wellspect Healthcare. The company offers dental equipment comprising imaging equipment, motorized dental handpieces, treatment centers, other instruments, amalgamators, mixing machines, and porcelain furnaces; and dental CAD/CAM technologies to support dental restorations, such as intraoral scanners, 3-D printers, mills, other software and services, and a full-chairside economical restoration of esthetic ceramic dentistry, as well as DS Core, its cloud-based platform.