DENTSPLY SIRONA Inc. (NASDAQ:XRAY) Shares Purchased by Employees Retirement System of Texas

Employees Retirement System of Texas boosted its holdings in DENTSPLY SIRONA Inc. (NASDAQ:XRAY - Free Report) by 24.1% during the second quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The fund owned 102,659 shares of the medical instruments supplier's stock after buying an additional 19,940 shares during the period. Employees Retirement System of Texas' holdings in DENTSPLY SIRONA were worth $2,557,000 at the end of the most recent reporting period.

A number of other hedge funds have also recently added to or reduced their stakes in the business. LRI Investments LLC increased its stake in DENTSPLY SIRONA by 82.7% during the second quarter. LRI Investments LLC now owns 1,246 shares of the medical instruments supplier's stock worth $31,000 after acquiring an additional 564 shares during the last quarter. Rothschild Investment LLC purchased a new position in DENTSPLY SIRONA in the second quarter valued at approximately $32,000. Central Pacific Bank Trust Division acquired a new position in DENTSPLY SIRONA during the first quarter valued at approximately $64,000. Mather Group LLC. acquired a new stake in DENTSPLY SIRONA in the 1st quarter valued at $72,000. Finally, AM Squared Ltd acquired a new stake in shares of DENTSPLY SIRONA in the second quarter valued at about $90,000. 95.70% of the stock is owned by institutional investors and hedge funds.

DENTSPLY SIRONA Stock Performance

XRAY traded up $0.70 on Friday, hitting $27.05. 2,027,562 shares of the company's stock were exchanged, compared to its average volume of 3,057,677. The company has a current ratio of 1.33, a quick ratio of 0.87 and a debt-to-equity ratio of 0.57. The stock has a fifty day moving average of $25.52 and a two-hundred day moving average of $27.70. DENTSPLY SIRONA Inc. has a twelve month low of $23.58 and a twelve month high of $37.60. The firm has a market cap of $5.48 billion, a PE ratio of -60.25, a P/E/G ratio of 1.25 and a beta of 1.00.

DENTSPLY SIRONA (NASDAQ:XRAY - Get Free Report) last issued its quarterly earnings data on Wednesday, July 31st. The medical instruments supplier reported $0.49 earnings per share for the quarter, missing the consensus estimate of $0.50 by ($0.01). The firm had revenue of $984.00 million during the quarter, compared to the consensus estimate of $993.61 million. DENTSPLY SIRONA had a negative net margin of 4.75% and a positive return on equity of 11.86%. The company's revenue for the quarter was down 4.3% compared to the same quarter last year. During the same quarter in the prior year, the business earned $0.51 earnings per share. On average, research analysts anticipate that DENTSPLY SIRONA Inc. will post 1.99 earnings per share for the current fiscal year.

DENTSPLY SIRONA Announces Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Friday, October 11th. Investors of record on Friday, September 27th will be paid a dividend of $0.16 per share. This represents a $0.64 dividend on an annualized basis and a dividend yield of 2.37%. The ex-dividend date of this dividend is Friday, September 27th. DENTSPLY SIRONA's dividend payout ratio is currently -145.45%.

Analysts Set New Price Targets

Several research analysts have recently weighed in on XRAY shares. Barrington Research restated an "outperform" rating and issued a $36.00 target price on shares of DENTSPLY SIRONA in a research note on Friday, September 20th. Evercore ISI lowered their target price on DENTSPLY SIRONA from $28.00 to $27.00 and set an "outperform" rating for the company in a research note on Tuesday, July 9th. Needham & Company LLC reiterated a "buy" rating and issued a $34.00 price target on shares of DENTSPLY SIRONA in a research note on Tuesday, August 20th. Robert W. Baird lowered their price objective on DENTSPLY SIRONA from $33.00 to $31.00 and set a "neutral" rating for the company in a research note on Monday, July 22nd. Finally, Stifel Nicolaus cut their target price on DENTSPLY SIRONA from $30.00 to $28.00 and set a "hold" rating on the stock in a research report on Thursday, July 18th. Five equities research analysts have rated the stock with a hold rating and seven have assigned a buy rating to the company's stock. Based on data from MarketBeat.com, the stock presently has an average rating of "Moderate Buy" and an average price target of $33.22.

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.