Envista Holdings Co. (NYSE:NVST) Shares Sold by Principal Financial Group Inc.

Principal Financial Group Inc. trimmed its position in Envista Holdings Co. (NYSE:NVST - Free Report) by 30.4% during the third quarter, according to its most recent 13F filing with the SEC. The fund owned 398,446 shares of the company's stock after selling 173,943 shares during the period. Principal Financial Group Inc. owned about 0.23% of Envista worth $7,873,000 as of its most recent filing with the SEC.

Other large investors also recently made changes to their positions in the company. M&G Plc grew its stake in shares of Envista by 12.5% during the second quarter. M&G Plc now owns 306,253 shares of the company's stock worth $5,206,000 after buying an additional 33,923 shares during the last quarter. Harbor Capital Advisors Inc. lifted its position in Envista by 287.4% in the 2nd quarter. Harbor Capital Advisors Inc. now owns 169,648 shares of the company's stock valued at $2,821,000 after acquiring an additional 125,861 shares in the last quarter. Quadrature Capital Ltd lifted its position in shares of Envista by 110.9% during the 1st quarter. Quadrature Capital Ltd now owns 69,004 shares of the company's stock worth $1,476,000 after buying an additional 36,290 shares in the last quarter. Nuance Investments LLC lifted its position in shares of Envista by 47.2% during the 2nd quarter. Nuance Investments LLC now owns 7,038,313 shares of the company's stock worth $117,048,000 after buying an additional 2,256,993 shares in the last quarter. Finally, Sei Investments Co. lifted its position in shares of Envista by 20.4% during the 2nd quarter. Sei Investments Co. now owns 925,170 shares of the company's stock worth $15,386,000 after buying an additional 157,048 shares in the last quarter.

Envista Price Performance

Shares of NVST stock traded up $0.11 on Wednesday, reaching $20.37. The company's stock had a trading volume of 878,772 shares, compared to its average volume of 2,402,689. The stock's 50 day simple moving average is $19.33 and its 200-day simple moving average is $18.12. Envista Holdings Co. has a 12-month low of $15.15 and a 12-month high of $25.64. The company has a market capitalization of $3.51 billion, a P/E ratio of -2.61, a PEG ratio of 2.86 and a beta of 1.30. The company has a quick ratio of 1.77, a current ratio of 2.08 and a debt-to-equity ratio of 0.42.

Envista (NYSE:NVST - Get Free Report) last announced its earnings results on Wednesday, October 30th. The company reported $0.12 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.09 by $0.03. The firm had revenue of $601.00 million for the quarter, compared to analysts' expectations of $590.34 million. Envista had a negative net margin of 53.42% and a positive return on equity of 3.76%. The business's revenue was down 4.8% compared to the same quarter last year. During the same period in the prior year, the company earned $0.43 EPS. As a group, equities analysts predict that Envista Holdings Co. will post 0.72 earnings per share for the current fiscal year.

Analysts Set New Price Targets

Several research analysts have commented on NVST shares. Needham & Company LLC reissued a "hold" rating on shares of Envista in a report on Thursday, October 31st. Bank of America reduced their price target on shares of Envista from $22.00 to $19.00 and set a "buy" rating on the stock in a research report on Thursday, August 8th. Robert W. Baird upped their price objective on shares of Envista from $17.00 to $22.00 and gave the stock a "neutral" rating in a report on Thursday, October 31st. Stifel Nicolaus upped their target price on shares of Envista from $18.00 to $21.00 and gave the stock a "buy" rating in a research note on Wednesday, October 23rd. Finally, JPMorgan Chase & Co. downgraded shares of Envista from an "overweight" rating to a "neutral" rating and dropped their target price for the stock from $23.00 to $16.00 in a research note on Thursday, August 8th. One research analyst has rated the stock with a sell rating, eleven have given a hold rating and three have issued a buy rating to the company's stock. According to data from MarketBeat.com, the company has a consensus rating of "Hold" and a consensus target price of $20.71.

Envista Company Profile

Envista Holdings Corporation, together with its subsidiaries, develops, manufactures, markets, and sells dental products in the United States, China, and internationally. The company operates in two segments, Specialty Products & Technologies, and Equipment & Consumables. The Specialty Products & Technologies segment offers dental implant systems, guided surgery systems, biomaterials, and prefabricated and custom-built prosthetics to oral surgeons, prosthodontists and periodontists, and general dentist; and brackets and wires, tubes and bands, archwires, clear aligners, digital orthodontic treatments, retainers, and other orthodontic laboratory products.