Hardman Johnston Global Advisors LLC Reduces Position in DENTSPLY SIRONA Inc. (NASDAQ:XRAY)

Hardman Johnston Global Advisors LLC reduced its holdings in DENTSPLY SIRONA Inc. (NASDAQ:XRAY - Free Report) by 9.7% in the third quarter, according to its most recent filing with the Securities & Exchange Commission. The institutional investor owned 596,392 shares of the medical instruments supplier's stock after selling 63,995 shares during the period. Hardman Johnston Global Advisors LLC owned approximately 0.29% of DENTSPLY SIRONA worth $16,138,000 as of its most recent filing with the Securities & Exchange Commission.

A number of other large investors have also recently made changes to their positions in XRAY. Mirae Asset Global Investments Co. Ltd. boosted its stake in shares of DENTSPLY SIRONA by 8.7% during the 1st quarter. Mirae Asset Global Investments Co. Ltd. now owns 40,015 shares of the medical instruments supplier's stock worth $1,328,000 after purchasing an additional 3,219 shares during the period. BNP Paribas Financial Markets boosted its stake in shares of DENTSPLY SIRONA by 117.1% during the 1st quarter. BNP Paribas Financial Markets now owns 406,242 shares of the medical instruments supplier's stock worth $13,483,000 after purchasing an additional 219,108 shares during the period. Nordea Investment Management AB lifted its holdings in DENTSPLY SIRONA by 6.7% during the 1st quarter. Nordea Investment Management AB now owns 83,898 shares of the medical instruments supplier's stock valued at $2,784,000 after buying an additional 5,288 shares in the last quarter. Daiwa Securities Group Inc. lifted its holdings in DENTSPLY SIRONA by 7.9% during the 1st quarter. Daiwa Securities Group Inc. now owns 17,652 shares of the medical instruments supplier's stock valued at $585,000 after buying an additional 1,296 shares in the last quarter. Finally, Central Pacific Bank Trust Division bought a new stake in DENTSPLY SIRONA during the 1st quarter valued at about $64,000. 95.70% of the stock is owned by hedge funds and other institutional investors.

DENTSPLY SIRONA Stock Up 2.5 %

Shares of NASDAQ XRAY traded up $0.59 during trading hours on Wednesday, hitting $23.98. 3,979,007 shares of the stock were exchanged, compared to its average volume of 2,958,303. The company has a quick ratio of 0.87, a current ratio of 1.33 and a debt-to-equity ratio of 0.57. The company has a market cap of $4.86 billion, a PE ratio of -27.88, a PEG ratio of 1.27 and a beta of 1.02. The firm has a fifty day moving average price of $24.99 and a 200-day moving average price of $26.04. DENTSPLY SIRONA Inc. has a 12 month low of $22.84 and a 12 month high of $37.60.

Analysts Set New Price Targets

A number of equities research analysts recently weighed in on XRAY shares. Evercore ISI decreased their price objective on shares of DENTSPLY SIRONA from $29.00 to $27.00 and set an "outperform" rating for the company in a report on Tuesday, October 8th. Stifel Nicolaus decreased their price objective on shares of DENTSPLY SIRONA from $30.00 to $28.00 and set a "hold" rating for the company in a report on Thursday, July 18th. Barrington Research reiterated an "outperform" rating and set a $36.00 price objective on shares of DENTSPLY SIRONA in a report on Friday, September 20th. StockNews.com upgraded shares of DENTSPLY SIRONA from a "hold" rating to a "buy" rating in a report on Wednesday. Finally, Needham & Company LLC decreased their price objective on shares of DENTSPLY SIRONA from $34.00 to $29.00 and set a "buy" rating for the company in a report on Friday, October 25th. Four research analysts have rated the stock with a hold rating and seven have issued a buy rating to the stock. Based on data from MarketBeat.com, DENTSPLY SIRONA has a consensus rating of "Moderate Buy" and a consensus price target of $31.88.

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.