DENTSPLY SIRONA (NASDAQ:XRAY) Shares Gap Down - Should You Sell?

Shares of DENTSPLY SIRONA Inc. (NASDAQ:XRAY - Get Free Report) gapped down before the market opened on Tuesday . The stock had previously closed at $13.08, but opened at $12.79. DENTSPLY SIRONA shares last traded at $12.89, with a volume of 176,378 shares traded.

Wall Street Analysts Forecast Growth

XRAY has been the topic of a number of research reports. Mizuho decreased their target price on shares of DENTSPLY SIRONA from $21.00 to $18.00 and set a "neutral" rating on the stock in a research note on Thursday, March 13th. Jefferies Financial Group lowered DENTSPLY SIRONA from a "buy" rating to a "hold" rating and reduced their price objective for the stock from $30.00 to $20.00 in a research report on Thursday, January 23rd. Needham & Company LLC reiterated a "hold" rating on shares of DENTSPLY SIRONA in a research report on Thursday, March 13th. Evercore ISI restated an "in-line" rating and set a $20.00 price target on shares of DENTSPLY SIRONA in a report on Tuesday, January 7th. Finally, StockNews.com downgraded DENTSPLY SIRONA from a "buy" rating to a "hold" rating in a research note on Friday, February 28th. Thirteen equities research analysts have rated the stock with a hold rating and two have given a buy rating to the stock. According to MarketBeat, the company presently has a consensus rating of "Hold" and a consensus target price of $22.58.

DENTSPLY SIRONA Trading Up 1.4 %

The company has a debt-to-equity ratio of 0.72, a quick ratio of 0.84 and a current ratio of 1.25. The stock has a fifty day moving average of $15.61 and a 200 day moving average of $18.69. The company has a market capitalization of $2.56 billion, a PE ratio of -6.20, a PEG ratio of 1.80 and a beta of 0.92.

DENTSPLY SIRONA Dividend Announcement

The business also recently disclosed a quarterly dividend, which was paid on Friday, April 11th. Shareholders of record on Friday, March 28th were paid a dividend of $0.16 per share. The ex-dividend date was Friday, March 28th. This represents a $0.64 annualized dividend and a yield of 4.99%. DENTSPLY SIRONA's payout ratio is currently -14.07%.

Insider Buying and Selling

In related news, Director Gregory T. Lucier acquired 15,142 shares of the stock in a transaction on Monday, March 3rd. The stock was bought at an average cost of $16.51 per share, with a total value of $249,994.42. Following the transaction, the director now directly owns 81,971 shares in the company, valued at approximately $1,353,341.21. This represents a 22.66 % increase in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is available at this link. 0.52% of the stock is owned by corporate insiders.

Hedge Funds Weigh In On DENTSPLY SIRONA

Institutional investors and hedge funds have recently added to or reduced their stakes in the stock. Riverview Trust Co purchased a new stake in shares of DENTSPLY SIRONA during the fourth quarter worth about $26,000. Colonial Trust Co SC purchased a new position in shares of DENTSPLY SIRONA in the fourth quarter worth $26,000. MassMutual Private Wealth & Trust FSB lifted its stake in shares of DENTSPLY SIRONA by 648.4% during the fourth quarter. MassMutual Private Wealth & Trust FSB now owns 1,422 shares of the medical instruments supplier's stock worth $27,000 after buying an additional 1,232 shares during the period. UMB Bank n.a. increased its position in shares of DENTSPLY SIRONA by 60.8% in the 4th quarter. UMB Bank n.a. now owns 1,492 shares of the medical instruments supplier's stock valued at $28,000 after acquiring an additional 564 shares during the period. Finally, Mitsubishi UFJ Asset Management Co. Ltd. raised its stake in DENTSPLY SIRONA by 700.0% in the 4th quarter. Mitsubishi UFJ Asset Management Co. Ltd. now owns 1,792 shares of the medical instruments supplier's stock worth $33,000 after acquiring an additional 1,568 shares during 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.