Empowered Funds LLC Sells 76,183 Shares of DENTSPLY SIRONA Inc. (NASDAQ:XRAY)

Empowered Funds LLC reduced its stake in shares of DENTSPLY SIRONA Inc. (NASDAQ:XRAY - Free Report) by 83.5% during the 4th quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 15,004 shares of the medical instruments supplier's stock after selling 76,183 shares during the period. Empowered Funds LLC's holdings in DENTSPLY SIRONA were worth $285,000 at the end of the most recent quarter.

Other institutional investors also recently bought and sold shares of the company. Capital Performance Advisors LLP bought a new position in DENTSPLY SIRONA during the third quarter valued at about $27,000. MassMutual Private Wealth & Trust FSB raised its holdings in 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 valued at $27,000 after buying an additional 1,232 shares in the last quarter. UMB Bank n.a. grew its position in shares of DENTSPLY SIRONA by 60.8% in the fourth quarter. UMB Bank n.a. now owns 1,492 shares of the medical instruments supplier's stock valued at $28,000 after purchasing an additional 564 shares during the last quarter. Kennebec Savings Bank acquired a new stake in shares of DENTSPLY SIRONA in the third quarter valued at about $35,000. Finally, Van ECK Associates Corp acquired a new stake in shares of DENTSPLY SIRONA in the third quarter valued at about $42,000. 95.70% of the stock is currently owned by institutional investors.

DENTSPLY SIRONA Stock Down 1.1 %

NASDAQ XRAY opened at $18.75 on Friday. 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 stock's 50 day moving average is $18.92 and its two-hundred day moving average is $21.71. The company has a market capitalization of $3.73 billion, a price-to-earnings ratio of -9.06, a PEG ratio of 1.81 and a beta of 0.96. DENTSPLY SIRONA Inc. has a 1-year low of $17.21 and a 1-year high of $34.91.

DENTSPLY SIRONA Dividend Announcement

The company also recently announced a quarterly dividend, which was paid on Friday, January 10th. Stockholders of record on Friday, December 27th were paid a $0.16 dividend. This represents a $0.64 dividend on an annualized basis and a dividend yield of 3.41%. The ex-dividend date was Friday, December 27th. DENTSPLY SIRONA's dividend payout ratio (DPR) is currently -30.92%.

Analyst Upgrades and Downgrades

Several equities research analysts have recently issued reports on XRAY shares. Barrington Research lowered their price target on DENTSPLY SIRONA from $36.00 to $24.00 and set an "outperform" rating on the stock in a research report on Friday, November 8th. StockNews.com raised DENTSPLY SIRONA from a "hold" rating to a "buy" rating in a research report on Tuesday. Robert W. Baird lowered their price target on DENTSPLY SIRONA from $31.00 to $24.00 and set a "neutral" rating on the stock in a research report on Friday, November 8th. Leerink Partners downgraded DENTSPLY SIRONA from an "outperform" rating to a "market perform" rating in a research report on Thursday, November 7th. Finally, Evercore ISI reissued an "in-line" rating and set a $20.00 target price on shares of DENTSPLY SIRONA in a research report on Tuesday, January 7th. Ten research analysts have rated the stock with a hold rating and five have issued a buy rating to the company. Based on data from MarketBeat, the company has a consensus rating of "Hold" and a consensus price target of $25.85.

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.

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