DENTSPLY SIRONA Inc. (NASDAQ:XRAY) Stock Holdings Decreased by Janney Montgomery Scott LLC

Janney Montgomery Scott LLC reduced its stake in shares of DENTSPLY SIRONA Inc. (NASDAQ:XRAY - Free Report) by 52.1% in the 4th quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 20,675 shares of the medical instruments supplier's stock after selling 22,528 shares during the period. Janney Montgomery Scott LLC's holdings in DENTSPLY SIRONA were worth $392,000 at the end of the most recent quarter.

Several other hedge funds also recently added to or reduced their stakes in the stock. Nordea Investment Management AB lifted its position in shares of DENTSPLY SIRONA by 245.0% in the 4th quarter. Nordea Investment Management AB now owns 251,556 shares of the medical instruments supplier's stock worth $4,754,000 after buying an additional 178,639 shares during the last quarter. JPMorgan Chase & Co. lifted its position in shares of DENTSPLY SIRONA by 206.3% in the 3rd quarter. JPMorgan Chase & Co. now owns 1,847,389 shares of the medical instruments supplier's stock worth $49,990,000 after buying an additional 1,244,326 shares during the last quarter. Barclays PLC lifted its position in shares of DENTSPLY SIRONA by 21.8% in the 3rd quarter. Barclays PLC now owns 306,809 shares of the medical instruments supplier's stock worth $8,301,000 after buying an additional 54,920 shares during the last quarter. Quantinno Capital Management LP lifted its position in DENTSPLY SIRONA by 276.5% in the 3rd quarter. Quantinno Capital Management LP now owns 116,808 shares of the medical instruments supplier's stock valued at $3,161,000 after purchasing an additional 85,787 shares during the last quarter. Finally, VELA Investment Management LLC bought a new stake in DENTSPLY SIRONA in the 3rd quarter valued at about $2,168,000. 95.70% of the stock is owned by institutional investors and hedge funds.

Analyst Ratings Changes

XRAY has been the topic of several recent research reports. Robert W. Baird cut their price objective on shares of DENTSPLY SIRONA from $31.00 to $24.00 and set a "neutral" rating on the stock in a research report on Friday, November 8th. Wells Fargo & Company assumed coverage on shares of DENTSPLY SIRONA in a research report on Friday. They issued an "equal weight" rating and a $20.00 price objective on the stock. Leerink Partners downgraded shares of DENTSPLY SIRONA from an "outperform" rating to a "market perform" rating in a research report on Thursday, November 7th. Needham & Company LLC restated a "buy" rating and set a $25.00 price target on shares of DENTSPLY SIRONA in a research report on Tuesday. Finally, Jefferies Financial Group downgraded shares of DENTSPLY SIRONA from a "buy" rating to a "hold" rating and dropped their price target for the stock from $30.00 to $20.00 in a research report on Thursday, January 23rd. Ten equities research analysts have rated the stock with a hold rating and five have given a buy rating to the company's stock. According to MarketBeat, the company has a consensus rating of "Hold" and an average target price of $25.85.

DENTSPLY SIRONA Price Performance

Shares of XRAY traded down $0.45 during mid-day trading on Friday, hitting $18.32. The company's stock had a trading volume of 2,580,852 shares, compared to its average volume of 2,345,229. The firm has a 50-day moving average price of $19.02 and a 200 day moving average price of $21.96. The stock has a market capitalization of $3.64 billion, a price-to-earnings ratio of -8.85, a PEG ratio of 1.83 and a beta of 0.96. The company has a debt-to-equity ratio of 0.72, a current ratio of 1.25 and a quick ratio of 0.84. DENTSPLY SIRONA Inc. has a fifty-two week low of $17.21 and a fifty-two week high of $34.91.

DENTSPLY SIRONA Dividend Announcement

The firm also recently disclosed a quarterly dividend, which was paid on Friday, January 10th. Stockholders of record on Friday, December 27th were paid a $0.16 dividend. The ex-dividend date was Friday, December 27th. This represents a $0.64 annualized dividend and a dividend yield of 3.49%. DENTSPLY SIRONA's dividend payout ratio is currently -30.92%.

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.