Healthcare of Ontario Pension Plan Trust Fund purchased a new stake in shares of DENTSPLY SIRONA Inc. (NASDAQ:XRAY - Free Report) during the 2nd quarter, according to the company in its most recent disclosure with the SEC. The fund purchased 67,800 shares of the medical instruments supplier's stock, valued at approximately $1,689,000.
A number of other large investors have also recently added to or reduced their stakes in XRAY. LRI Investments LLC lifted its stake in shares of DENTSPLY SIRONA by 82.7% in the 2nd quarter. LRI Investments LLC now owns 1,246 shares of the medical instruments supplier's stock valued at $31,000 after purchasing an additional 564 shares during the last quarter. Rothschild Investment LLC purchased a new position in DENTSPLY SIRONA during the second quarter worth about $32,000. Central Pacific Bank Trust Division purchased a new stake in shares of DENTSPLY SIRONA in the 1st quarter valued at approximately $64,000. Mather Group LLC. purchased a new stake in shares of DENTSPLY SIRONA in the 1st quarter valued at approximately $72,000. Finally, Covestor Ltd lifted its holdings in shares of DENTSPLY SIRONA by 30.8% in the 1st quarter. Covestor Ltd now owns 3,073 shares of the medical instruments supplier's stock worth $102,000 after acquiring an additional 723 shares during the last quarter. 95.70% of the stock is currently owned by institutional investors and hedge funds.
Analyst Upgrades and Downgrades
Several analysts recently weighed in on the stock. Barrington Research reiterated an "outperform" rating and issued a $36.00 target price on shares of DENTSPLY SIRONA in a report on Friday, September 20th. Needham & Company LLC restated a "buy" rating and set a $34.00 target price on shares of DENTSPLY SIRONA in a report on Tuesday, August 20th. Evercore ISI cut their price target on shares of DENTSPLY SIRONA from $29.00 to $27.00 and set an "outperform" rating on the stock in a research note on Tuesday. Stifel Nicolaus dropped their price objective 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. Finally, Robert W. Baird reduced their target price 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. Five analysts have rated the stock with a hold rating and seven have assigned a buy rating to the company. Based on data from MarketBeat, DENTSPLY SIRONA currently has an average rating of "Moderate Buy" and an average price target of $33.22.
View Our Latest Research Report on XRAY
DENTSPLY SIRONA Price Performance
Shares of NASDAQ XRAY remained flat at $24.48 during midday trading on Tuesday. The stock had a trading volume of 1,361,223 shares, compared to its average volume of 3,014,403. The firm has a fifty day simple moving average of $25.43 and a two-hundred day simple moving average of $27.24. The company has a market cap of $5.08 billion, a P/E ratio of -54.93, a PEG ratio of 1.21 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. The company has a debt-to-equity ratio of 0.57, a quick ratio of 0.87 and a current ratio of 1.33.
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 company had revenue of $984.00 million for the quarter, compared to analysts' expectations of $993.61 million. DENTSPLY SIRONA had a positive return on equity of 11.86% and a negative net margin of 4.75%. The firm's quarterly revenue was down 4.3% compared to the same quarter last year. During the same quarter in the prior year, the firm posted $0.51 EPS. Equities analysts anticipate that DENTSPLY SIRONA Inc. will post 1.99 EPS for the current fiscal year.
DENTSPLY SIRONA Announces Dividend
The company also recently announced a quarterly dividend, which will be paid on Friday, October 11th. Stockholders of record on Friday, September 27th will be given a dividend of $0.16 per share. This represents a $0.64 dividend on an annualized basis and a dividend yield of 2.61%. The ex-dividend date of this dividend is Friday, September 27th. DENTSPLY SIRONA's dividend payout ratio (DPR) is currently -145.45%.
About DENTSPLY SIRONA
(
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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