Rockefeller Capital Management L.P. Decreases Stock Position in Envista Holdings Co. (NYSE:NVST)

Rockefeller Capital Management L.P. trimmed its holdings in shares of Envista Holdings Co. (NYSE:NVST - Free Report) by 74.1% in the third quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The institutional investor owned 12,032 shares of the company's stock after selling 34,380 shares during the period. Rockefeller Capital Management L.P.'s holdings in Envista were worth $238,000 at the end of the most recent reporting period.

Other hedge funds have also modified their holdings of the company. GAMMA Investing LLC grew its holdings in shares of Envista by 69.8% in the 3rd quarter. GAMMA Investing LLC now owns 1,766 shares of the company's stock worth $35,000 after acquiring an additional 726 shares during the period. Allspring Global Investments Holdings LLC grew its holdings in Envista by 50.8% in the third quarter. Allspring Global Investments Holdings LLC now owns 2,161 shares of the company's stock valued at $43,000 after purchasing an additional 728 shares during the last quarter. Victory Capital Management Inc. increased its position in shares of Envista by 2.3% in the second quarter. Victory Capital Management Inc. now owns 36,021 shares of the company's stock valued at $599,000 after buying an additional 800 shares in the last quarter. Blue Trust Inc. increased its position in shares of Envista by 69.7% in the third quarter. Blue Trust Inc. now owns 1,957 shares of the company's stock valued at $39,000 after buying an additional 804 shares in the last quarter. Finally, Huntington National Bank raised its stake in shares of Envista by 97.8% during the 3rd quarter. Huntington National Bank now owns 1,919 shares of the company's stock worth $38,000 after buying an additional 949 shares during the last quarter.

Analyst Ratings Changes

Several research firms have weighed in on NVST. Stifel Nicolaus raised their target price on shares of Envista from $18.00 to $21.00 and gave the company a "buy" rating in a report on Wednesday, October 23rd. Wells Fargo & Company began coverage on shares of Envista in a research note on Tuesday, October 8th. They set an "equal weight" rating and a $20.00 price objective for the company. Leerink Partners raised Envista from an "underperform" rating to a "market perform" rating and upped their target price for the company from $16.00 to $23.00 in a research note on Thursday, October 31st. Leerink Partnrs upgraded Envista from a "strong sell" rating to a "hold" rating in a report on Thursday, October 31st. Finally, Needham & Company LLC reissued a "hold" rating on shares of Envista in a report on Thursday, October 31st. Two analysts have rated the stock with a sell rating, eleven have given a hold rating and three have given a buy rating to the company's stock. Based on data from MarketBeat, Envista has a consensus rating of "Hold" and a consensus target price of $20.65.

Envista Trading Up 2.7 %

NVST stock traded up $0.54 during trading on Wednesday, reaching $20.53. 1,855,266 shares of the stock traded hands, compared to its average volume of 2,373,525. The business's 50 day moving average price is $20.00 and its 200-day moving average price is $18.39. The firm has a market capitalization of $3.53 billion, a PE ratio of -2.57, a P/E/G ratio of 2.77 and a beta of 1.31. The company has a debt-to-equity ratio of 0.42, a current ratio of 2.08 and a quick ratio of 1.77. Envista Holdings Co. has a 52-week low of $15.15 and a 52-week high of $25.64.

Envista (NYSE:NVST - Get Free Report) last posted its earnings results on Wednesday, October 30th. The company reported $0.12 earnings per share (EPS) for the quarter, topping analysts' consensus estimates of $0.09 by $0.03. Envista had a negative net margin of 53.42% and a positive return on equity of 3.76%. The firm had revenue of $601.00 million during the quarter, compared to the consensus estimate of $590.34 million. During the same quarter in the prior year, the company earned $0.43 EPS. The company's revenue was down 4.8% on a year-over-year basis. As a group, sell-side analysts forecast that Envista Holdings Co. will post 0.72 earnings per share for the current year.

Envista Company Profile

Envista Holdings Corporation, together with its subsidiaries, develops, manufactures, markets, and sells dental products in the United States, China, and internationally. The company operates in two segments, Specialty Products & Technologies, and Equipment & Consumables. The Specialty Products & Technologies segment offers dental implant systems, guided surgery systems, biomaterials, and prefabricated and custom-built prosthetics to oral surgeons, prosthodontists and periodontists, and general dentist; and brackets and wires, tubes and bands, archwires, clear aligners, digital orthodontic treatments, retainers, and other orthodontic laboratory products.