22,245 Shares in DENTSPLY SIRONA Inc. (NASDAQ:XRAY) Bought by Proficio Capital Partners LLC

Proficio Capital Partners LLC bought a new stake in DENTSPLY SIRONA Inc. (NASDAQ:XRAY - Free Report) in the 4th quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor bought 22,245 shares of the medical instruments supplier's stock, valued at approximately $422,000.

Other large investors also recently made changes to their positions in the company. FMR LLC increased its stake in DENTSPLY SIRONA by 5.1% in the 3rd quarter. FMR LLC now owns 9,056,774 shares of the medical instruments supplier's stock valued at $245,076,000 after buying an additional 436,031 shares during the last quarter. Pacer Advisors Inc. increased its position in shares of DENTSPLY SIRONA by 15,105.1% during the fourth quarter. Pacer Advisors Inc. now owns 4,503,591 shares of the medical instruments supplier's stock valued at $85,478,000 after acquiring an additional 4,473,972 shares during the last quarter. Bank of New York Mellon Corp lifted its holdings in DENTSPLY SIRONA by 27.9% during the fourth quarter. Bank of New York Mellon Corp now owns 2,403,110 shares of the medical instruments supplier's stock worth $45,611,000 after acquiring an additional 523,692 shares during the period. Charles Schwab Investment Management Inc. lifted its holdings in DENTSPLY SIRONA by 50.4% during the third quarter. Charles Schwab Investment Management Inc. now owns 2,065,773 shares of the medical instruments supplier's stock worth $55,900,000 after acquiring an additional 692,100 shares during the period. Finally, JPMorgan Chase & Co. boosted its position in DENTSPLY SIRONA by 206.3% in the third quarter. JPMorgan Chase & Co. now owns 1,847,389 shares of the medical instruments supplier's stock worth $49,990,000 after purchasing an additional 1,244,326 shares during the last quarter. 95.70% of the stock is owned by institutional investors.

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Wall Street Analyst Weigh In

A number of research firms have recently commented on XRAY. Jefferies Financial Group cut DENTSPLY SIRONA from a "buy" rating to a "hold" rating and lowered their target price for the stock from $30.00 to $20.00 in a research note on Thursday, January 23rd. Evercore ISI reaffirmed an "in-line" rating and issued a $20.00 price objective on shares of DENTSPLY SIRONA in a research report on Tuesday, January 7th. StockNews.com downgraded shares of DENTSPLY SIRONA from a "buy" rating to a "hold" rating in a research report on Friday, February 28th. UBS Group lowered their price target on shares of DENTSPLY SIRONA from $35.00 to $27.00 and set a "buy" rating on the stock in a report on Tuesday, December 3rd. Finally, Barrington Research lowered their target price 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. Twelve research analysts have rated the stock with a hold rating and three have given a buy rating to the company's stock. According to MarketBeat, DENTSPLY SIRONA presently has an average rating of "Hold" and an average price target of $23.33.

Insider Buying and Selling

In other DENTSPLY SIRONA news, Director Gregory T. Lucier acquired 15,142 shares of the stock in a transaction that occurred on Monday, March 3rd. The shares were acquired at an average cost of $16.51 per share, with a total value of $249,994.42. Following the transaction, the director now owns 81,971 shares of the company's stock, valued at $1,353,341.21. The trade was a 22.66 % increase in their position. The transaction was disclosed in a filing with the SEC, which can be accessed through this link. 0.52% of the stock is currently owned by company insiders.

DENTSPLY SIRONA Stock Down 2.2 %

Shares of DENTSPLY SIRONA stock traded down $0.33 during midday trading on Thursday, hitting $15.00. The company had a trading volume of 3,828,153 shares, compared to its average volume of 2,635,055. The company has a debt-to-equity ratio of 0.72, a quick ratio of 0.84 and a current ratio of 1.25. The stock has a market capitalization of $2.98 billion, a P/E ratio of -7.25, a P/E/G ratio of 1.80 and a beta of 0.98. The company has a 50 day moving average of $18.35 and a 200 day moving average of $20.97. DENTSPLY SIRONA Inc. has a 52-week low of $14.77 and a 52-week high of $34.16.

DENTSPLY SIRONA Dividend Announcement

The business also recently declared a quarterly dividend, which will be paid on Friday, April 11th. Investors 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 annualized dividend and a dividend yield of 4.27%. DENTSPLY SIRONA's payout ratio is currently -14.07%.

About DENTSPLY SIRONA

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.