Principal Financial Group Inc. Has $8.65 Million Holdings in DENTSPLY SIRONA Inc. (NASDAQ:XRAY)

Principal Financial Group Inc. reduced its stake in shares of DENTSPLY SIRONA Inc. (NASDAQ:XRAY - Free Report) by 73.9% during the fourth quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 455,689 shares of the medical instruments supplier's stock after selling 1,287,427 shares during the quarter. Principal Financial Group Inc. owned about 0.23% of DENTSPLY SIRONA worth $8,649,000 at the end of the most recent reporting period.

A number of other hedge funds and other institutional investors have also modified their holdings of XRAY. Allworth Financial LP raised its stake in shares of DENTSPLY SIRONA by 40.2% during the third quarter. Allworth Financial LP now owns 2,179 shares of the medical instruments supplier's stock valued at $59,000 after purchasing an additional 625 shares in the last quarter. Wealth Enhancement Advisory Services LLC raised its position in DENTSPLY SIRONA by 43.9% in the third quarter. Wealth Enhancement Advisory Services LLC now owns 12,038 shares of the medical instruments supplier's stock worth $326,000 after acquiring an additional 3,671 shares in the last quarter. State of Alaska Department of Revenue raised its position in DENTSPLY SIRONA by 2.4% in the third quarter. State of Alaska Department of Revenue now owns 23,545 shares of the medical instruments supplier's stock worth $637,000 after acquiring an additional 560 shares in the last quarter. US Bancorp DE raised its position in DENTSPLY SIRONA by 6.0% in the third quarter. US Bancorp DE now owns 59,553 shares of the medical instruments supplier's stock worth $1,612,000 after acquiring an additional 3,397 shares in the last quarter. Finally, Cambiar Investors LLC raised its position in DENTSPLY SIRONA by 3.3% in the third quarter. Cambiar Investors LLC now owns 340,234 shares of the medical instruments supplier's stock worth $9,207,000 after acquiring an additional 10,862 shares in the last quarter. 95.70% of the stock is currently owned by institutional investors.

Insider Activity at DENTSPLY SIRONA

In other DENTSPLY SIRONA news, Director Gregory T. Lucier bought 15,142 shares of the firm's stock in a transaction that occurred on Monday, March 3rd. The stock was purchased at an average price of $16.51 per share, for a total transaction of $249,994.42. Following the purchase, the director now directly owns 81,971 shares in the company, valued at $1,353,341.21. This trade represents a 22.66 % increase in their ownership of the stock. The acquisition was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this link. 0.52% of the stock is owned by corporate insiders.

Analyst Ratings Changes

Several brokerages have commented on XRAY. Mizuho began coverage on shares of DENTSPLY SIRONA in a research report on Wednesday, December 4th. They issued a "neutral" rating and a $21.00 price target on the stock. Barrington Research dropped their price target on DENTSPLY SIRONA from $24.00 to $20.00 and set an "outperform" rating on the stock in a research note on Friday, February 28th. UBS Group dropped their price target on DENTSPLY SIRONA from $35.00 to $27.00 and set a "buy" rating on the stock in a research note on Tuesday, December 3rd. StockNews.com cut DENTSPLY SIRONA from a "buy" rating to a "hold" rating in a research note on Friday, February 28th. Finally, Evercore ISI reissued an "in-line" rating and issued a $20.00 price target on shares of DENTSPLY SIRONA in a research note on Tuesday, January 7th. Eleven investment analysts have rated the stock with a hold rating and four have given a buy rating to the company's stock. According to MarketBeat, the stock currently has a consensus rating of "Hold" and a consensus target price of $23.58.

DENTSPLY SIRONA Stock Performance

DENTSPLY SIRONA stock traded up $0.56 during trading hours on Wednesday, reaching $16.15. 3,050,183 shares of the company were exchanged, compared to its average volume of 2,605,188. DENTSPLY SIRONA Inc. has a 12 month low of $15.47 and a 12 month high of $34.28. The firm has a market cap of $3.21 billion, a price-to-earnings ratio of -7.80, a PEG ratio of 1.80 and a beta of 0.96. The company has a current ratio of 1.25, a quick ratio of 0.84 and a debt-to-equity ratio of 0.72. The stock has a 50-day moving average of $18.71 and a 200 day moving average of $21.32.

DENTSPLY SIRONA Dividend Announcement

The firm also recently disclosed a quarterly dividend, which will be paid on Friday, April 11th. Stockholders of record on Friday, March 28th will be paid a $0.16 dividend. The ex-dividend date is Friday, March 28th. This represents a $0.64 dividend on an annualized basis and a dividend yield of 3.96%. DENTSPLY SIRONA's payout ratio is presently -14.07%.

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.