Prudential Financial Inc. Raises Stock Holdings in DENTSPLY SIRONA Inc. (NASDAQ:XRAY)

Prudential Financial Inc. increased its position in DENTSPLY SIRONA Inc. (NASDAQ:XRAY - Free Report) by 62.1% in the 4th quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 334,114 shares of the medical instruments supplier's stock after buying an additional 128,056 shares during the period. Prudential Financial Inc. owned 0.17% of DENTSPLY SIRONA worth $6,108,000 at the end of the most recent reporting period.

Other institutional investors have also added to or reduced their stakes in the company. Vanguard Group Inc. increased its holdings in shares of DENTSPLY SIRONA by 0.3% during the fourth quarter. Vanguard Group Inc. now owns 20,183,260 shares of the medical instruments supplier's stock valued at $383,078,000 after acquiring an additional 65,478 shares in the last quarter. First Eagle Investment Management LLC increased its stake in DENTSPLY SIRONA by 2.5% during the 4th quarter. First Eagle Investment Management LLC now owns 14,500,409 shares of the medical instruments supplier's stock valued at $275,218,000 after purchasing an additional 348,532 shares in the last quarter. Cooke & Bieler LP raised its holdings in DENTSPLY SIRONA by 24.3% during the fourth quarter. Cooke & Bieler LP now owns 9,172,876 shares of the medical instruments supplier's stock worth $174,101,000 after buying an additional 1,794,391 shares during the last quarter. FMR LLC lifted its stake in shares of DENTSPLY SIRONA by 5.1% in the third quarter. FMR LLC now owns 9,056,774 shares of the medical instruments supplier's stock valued at $245,076,000 after buying an additional 436,031 shares in the last quarter. Finally, Pacer Advisors Inc. grew its holdings in shares of DENTSPLY SIRONA by 15,105.1% during the fourth quarter. Pacer Advisors Inc. now owns 4,503,591 shares of the medical instruments supplier's stock valued at $85,478,000 after buying an additional 4,473,972 shares during the last quarter. 95.70% of the stock is owned by institutional investors and hedge funds.

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Analysts Set New Price Targets

Several equities analysts recently weighed in on XRAY shares. Barrington Research dropped their price target on shares of DENTSPLY SIRONA from $24.00 to $20.00 and set an "outperform" rating on the stock in a research report on Friday, February 28th. Jefferies Financial Group cut DENTSPLY SIRONA from a "buy" rating to a "hold" rating and cut their target price for the company from $30.00 to $20.00 in a research report on Thursday, January 23rd. 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, February 28th. UBS Group cut their price target on shares of DENTSPLY SIRONA from $35.00 to $27.00 and set a "buy" rating on the stock in a report on Tuesday, December 3rd. Finally, Mizuho reduced their price objective on DENTSPLY SIRONA from $21.00 to $18.00 and set a "neutral" rating for the company in a research note on Thursday, March 13th. Twelve equities research analysts have rated the stock with a hold rating and three have assigned a buy rating to the company's stock. According to data from MarketBeat, the stock presently has an average rating of "Hold" and an average price target of $23.33.

DENTSPLY SIRONA Stock Performance

Shares of NASDAQ:XRAY traded up $0.22 during trading on Wednesday, hitting $14.87. 2,269,286 shares of the company were exchanged, compared to its average volume of 3,089,838. DENTSPLY SIRONA Inc. has a 52-week low of $14.53 and a 52-week high of $33.02. The stock has a 50 day moving average of $17.55 and a 200 day moving average of $20.05. The company has a debt-to-equity ratio of 0.72, a current ratio of 1.25 and a quick ratio of 0.84. The company has a market cap of $2.96 billion, a PE ratio of -7.18, a P/E/G ratio of 1.80 and a beta of 0.98.

DENTSPLY SIRONA Dividend Announcement

The business also recently announced a quarterly dividend, which will be paid on Friday, April 11th. Shareholders of record on Friday, March 28th will be paid a $0.16 dividend. The ex-dividend date is Friday, March 28th. This represents a $0.64 annualized dividend and a yield of 4.30%. DENTSPLY SIRONA's dividend payout ratio is currently -14.07%.

Insider Activity

In other news, Director Gregory T. Lucier acquired 15,142 shares of DENTSPLY SIRONA 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 completion of the purchase, the director now owns 81,971 shares in the company, valued at approximately $1,353,341.21. The trade was a 22.66 % increase in their ownership of the stock. The purchase was disclosed in a legal filing with the SEC, which is available through this link. Company insiders own 0.52% of the company's stock.

DENTSPLY SIRONA Company Profile

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.