Teachers Retirement System of The State of Kentucky lifted its position in DENTSPLY SIRONA Inc. (NASDAQ:XRAY - Free Report) by 264.5% in the second quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor owned 70,598 shares of the medical instruments supplier's stock after purchasing an additional 51,228 shares during the period. Teachers Retirement System of The State of Kentucky's holdings in DENTSPLY SIRONA were worth $1,758,000 as of its most recent filing with the Securities and Exchange Commission (SEC).
A number of other large investors also recently modified their holdings of XRAY. LRI Investments LLC raised its holdings in DENTSPLY SIRONA by 82.7% during the 2nd quarter. LRI Investments LLC now owns 1,246 shares of the medical instruments supplier's stock valued at $31,000 after buying an additional 564 shares during the period. Rothschild Investment LLC bought a new position in DENTSPLY SIRONA in the 2nd quarter valued at $32,000. Central Pacific Bank Trust Division purchased a new stake in DENTSPLY SIRONA in the first quarter worth $64,000. Mather Group LLC. bought a new stake in shares of DENTSPLY SIRONA during the first quarter worth $72,000. Finally, AM Squared Ltd bought a new stake in DENTSPLY SIRONA during the 2nd quarter valued at about $90,000. Hedge funds and other institutional investors own 95.70% of the company's stock.
Analysts Set New Price Targets
A number of analysts recently issued reports on XRAY shares. Needham & Company LLC reiterated a "buy" rating and issued a $34.00 price target on shares of DENTSPLY SIRONA in a report on Tuesday, August 20th. Barrington Research reissued an "outperform" rating and set a $36.00 target price on shares of DENTSPLY SIRONA in a research report on Friday, September 20th. Stifel Nicolaus reduced their price target on shares of DENTSPLY SIRONA from $30.00 to $28.00 and set a "hold" rating for the company in a report on Thursday, July 18th. Robert W. Baird cut their price objective on shares of DENTSPLY SIRONA from $33.00 to $31.00 and set a "neutral" rating on the stock in a report on Monday, July 22nd. Finally, Evercore ISI dropped their target price on DENTSPLY SIRONA from $28.00 to $27.00 and set an "outperform" rating on the stock in a research report on Tuesday, July 9th. Five analysts have rated the stock with a hold rating and seven have issued a buy rating to the company's stock. Based on data from MarketBeat, the company currently has an average rating of "Moderate Buy" and a consensus target price of $33.22.
Check Out Our Latest Research Report on XRAY
DENTSPLY SIRONA Stock Performance
Shares of NASDAQ XRAY traded up $0.51 during midday trading on Friday, reaching $25.22. 1,394,741 shares of the company were exchanged, compared to its average volume of 3,029,285. The stock has a fifty day simple moving average of $25.47 and a 200 day simple moving average of $27.38. 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 market cap of $5.24 billion, a P/E ratio of -57.32, a PEG ratio of 1.20 and a beta of 1.00. DENTSPLY SIRONA Inc. has a 1 year low of $23.58 and a 1 year high of $37.60.
DENTSPLY SIRONA (NASDAQ:XRAY - Get Free Report) last posted its quarterly earnings results on Wednesday, July 31st. The medical instruments supplier reported $0.49 earnings per share (EPS) for the quarter, missing analysts' consensus estimates of $0.50 by ($0.01). DENTSPLY SIRONA had a negative net margin of 4.75% and a positive return on equity of 11.86%. The company had revenue of $984.00 million for the quarter, compared to analyst estimates of $993.61 million. During the same quarter in the previous year, the business posted $0.51 earnings per share. DENTSPLY SIRONA's revenue was down 4.3% on a year-over-year basis. On average, research analysts forecast that DENTSPLY SIRONA Inc. will post 1.99 earnings per share for the current fiscal year.
DENTSPLY SIRONA Dividend Announcement
The firm also recently declared a quarterly dividend, which will be paid on Friday, October 11th. Investors of record on Friday, September 27th will be given a dividend of $0.16 per share. The ex-dividend date is Friday, September 27th. This represents a $0.64 dividend on an annualized basis and a yield of 2.54%. DENTSPLY SIRONA's dividend payout ratio (DPR) is -145.45%.
DENTSPLY SIRONA Company Profile
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Free Report)
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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