DENTSPLY SIRONA Inc. (NASDAQ:XRAY) Position Raised by Handelsbanken Fonder AB

Handelsbanken Fonder AB lifted its holdings in shares of DENTSPLY SIRONA Inc. (NASDAQ:XRAY - Free Report) by 61.4% during the 3rd quarter, according to its most recent disclosure with the Securities & Exchange Commission. The fund owned 68,100 shares of the medical instruments supplier's stock after purchasing an additional 25,900 shares during the quarter. Handelsbanken Fonder AB's holdings in DENTSPLY SIRONA were worth $1,843,000 as of its most recent SEC filing.

Other hedge funds have also made changes to their positions in the company. LRI Investments LLC raised its position 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 worth $31,000 after buying an additional 564 shares during the period. Rothschild Investment LLC purchased a new position in shares of DENTSPLY SIRONA in the 2nd quarter worth $32,000. Central Pacific Bank Trust Division purchased a new position in shares of DENTSPLY SIRONA in the 1st quarter worth $64,000. Mather Group LLC. purchased a new position in shares of DENTSPLY SIRONA in the 1st quarter worth $72,000. Finally, Covestor Ltd raised its position 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 buying an additional 723 shares during the period. Institutional investors and hedge funds own 95.70% of the company's stock.

Wall Street Analyst Weigh In

Several research analysts recently weighed in on the company. Needham & Company LLC reaffirmed a "buy" rating and issued a $34.00 target price on shares of DENTSPLY SIRONA in a research report on Tuesday, August 20th. Barrington Research reissued an "outperform" rating and issued a $36.00 price objective on shares of DENTSPLY SIRONA in a research report on Friday, September 20th. Evercore ISI cut their price objective on DENTSPLY SIRONA from $29.00 to $27.00 and set an "outperform" rating on the stock in a research report on Tuesday. Stifel Nicolaus cut their price objective 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. Finally, Robert W. Baird cut their price objective on DENTSPLY SIRONA from $33.00 to $31.00 and set a "neutral" rating on the stock in a research report on Monday, July 22nd. Five research 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.com, the company presently has a consensus rating of "Moderate Buy" and an average target price of $33.22.

DENTSPLY SIRONA Stock Up 0.4 %

NASDAQ:XRAY traded up $0.09 during mid-day trading on Friday, reaching $24.53. The stock had a trading volume of 1,515,571 shares, compared to its average volume of 2,998,430. The company has a market capitalization of $4.97 billion, a price-to-earnings ratio of -28.52, a price-to-earnings-growth ratio of 1.18 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 stock's 50 day simple moving average is $25.26 and its two-hundred day simple moving average is $27.08. The company has a debt-to-equity ratio of 0.57, a current ratio of 1.33 and a quick ratio of 0.87.

DENTSPLY SIRONA (NASDAQ:XRAY - Get Free Report) last issued its earnings results on Wednesday, July 31st. The medical instruments supplier reported $0.49 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 during the quarter, compared to analyst estimates of $993.61 million. During the same quarter in the previous year, the firm earned $0.51 earnings per share. The business's revenue was down 4.3% on a year-over-year basis. Equities analysts anticipate that DENTSPLY SIRONA Inc. will post 1.99 EPS for the current year.

DENTSPLY SIRONA Dividend Announcement

The business also recently announced a quarterly dividend, which will be paid on Friday, October 11th. Shareholders of record on Friday, September 27th will be paid a $0.16 dividend. The ex-dividend date is Friday, September 27th. This represents a $0.64 dividend on an annualized basis and a yield of 2.61%. DENTSPLY SIRONA's payout ratio is currently -74.42%.

DENTSPLY SIRONA 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.