Posted by admin on Jun 24th, 2022

New Mexico Educational Retirement Board trimmed its holdings in DENTSPLY SIRONA Inc. (NASDAQ:XRAY – Get Rating) by 5.2% in the first quarter, according to its most recent disclosure with the SEC. The fund owned 12,699 shares of the medical instruments supplier’s stock after selling 700 shares during the period. New Mexico Educational Retirement Board’s holdings in DENTSPLY SIRONA were worth $625,000 at the end of the most recent reporting period.

Several other institutional investors and hedge funds have also made changes to their positions in XRAY. State of Michigan Retirement System grew its position in DENTSPLY SIRONA by 0.4% in the 4th quarter. State of Michigan Retirement System now owns 55,049 shares of the medical instruments supplier’s stock valued at $3,071,000 after buying an additional 200 shares during the last quarter. Mutual of America Capital Management LLC lifted its stake in shares of DENTSPLY SIRONA by 0.7% in the 4th quarter. Mutual of America Capital Management LLC now owns 28,920 shares of the medical instruments supplier’s stock worth $1,613,000 after acquiring an additional 201 shares during the period. Signaturefd LLC boosted its holdings in shares of DENTSPLY SIRONA by 13.0% in the fourth quarter. Signaturefd LLC now owns 1,786 shares of the medical instruments supplier’s stock valued at $100,000 after acquiring an additional 205 shares in the last quarter. Fifth Third Bancorp increased its stake in shares of DENTSPLY SIRONA by 0.7% during the fourth quarter. Fifth Third Bancorp now owns 31,816 shares of the medical instruments supplier’s stock worth $1,775,000 after acquiring an additional 222 shares during the period. Finally, Fuller & Thaler Asset Management Inc. raised its holdings in DENTSPLY SIRONA by 3.1% during the fourth quarter. Fuller & Thaler Asset Management Inc. now owns 7,387 shares of the medical instruments supplier’s stock worth $412,000 after purchasing an additional 225 shares in the last quarter. Institutional investors and hedge funds own 94.79% of the company’s stock.

XRAY stock opened at $35.94 on Friday. The firm has a 50 day moving average of $39.28 and a 200-day moving average of $48.04. DENTSPLY SIRONA Inc. has a 12-month low of $33.78 and a 12-month high of $66.98. The company has a current ratio of 1.45, a quick ratio of 1.03 and a debt-to-equity ratio of 0.38. The company has a market cap of $7.74 billion, a price-to-earnings ratio of 21.27 and a beta of 0.94.

DENTSPLY SIRONA (NASDAQ:XRAY – Get Rating) last issued its quarterly earnings data on Tuesday, May 10th. The medical instruments supplier reported $0.52 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.50 by $0.02. DENTSPLY SIRONA had a return on equity of 11.63% and a net margin of 8.81%. The firm had revenue of $9.67 billion during the quarter, compared to the consensus estimate of $982.05 million. During the same period in the previous year, the firm posted $0.72 EPS. The company’s quarterly revenue was up 841.1% compared to the same quarter last year. Sell-side analysts forecast that DENTSPLY SIRONA Inc. will post 2.42 earnings per share for the current fiscal year.

The business also recently disclosed a quarterly dividend, which will be paid on Friday, July 8th. Investors of record on Friday, June 24th will be given a dividend of $0.125 per share. The ex-dividend date of this dividend is Thursday, June 23rd. This represents a $0.50 annualized dividend and a dividend yield of 1.39%. DENTSPLY SIRONA’s dividend payout ratio is currently 29.59%.

Several analysts have recently commented on the company. Bank of America cut DENTSPLY SIRONA from a “buy” rating to a “neutral” rating and reduced their price target for the company from $66.00 to $49.00 in a report on Tuesday, April 19th. TheStreet lowered shares of DENTSPLY SIRONA from a “b-” rating to a “c+” rating in a research report on Friday, March 18th. UBS Group raised shares of DENTSPLY SIRONA from a “neutral” rating to a “buy” rating and lowered their price target for the stock from $58.00 to $47.00 in a research note on Wednesday, June 1st. Barrington Research decreased their price objective on shares of DENTSPLY SIRONA from $53.00 to $51.00 in a report on Wednesday, May 11th. Finally, William Blair cut shares of DENTSPLY SIRONA from an “outperform” rating to a “market perform” rating in a report on Tuesday, April 19th. Six research analysts have rated the stock with a hold rating and five have issued a buy rating to the company’s stock. Based on data from MarketBeat, the company has an average rating of “Hold” and a consensus price target of $50.56.

In related news, Director Eric Brandt sold 6,900 shares of DENTSPLY SIRONA stock in a transaction that occurred on Tuesday, May 3rd. The stock was sold at an average price of $39.71, for a total transaction of $273,999.00. Following the completion of the transaction, the director now directly owns 35,155 shares in the company, valued at approximately $1,396,005.05. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. Insiders own 0.76% of the company’s stock.

About DENTSPLY SIRONA (Get Rating)

DENTSPLY SIRONA Inc designs, develops, manufactures, distributes, and sells various dental products and technologies for professional dental market worldwide. It offers dental equipment, including treatment centers, imaging equipment, motorized dental handpieces, and other instruments; imaging equipment; treatment centers comprising basic dentist chairs, sophisticated chair-based units with integrated diagnostic, hygiene and ergonomic functionalities, and specialist centers; and lab equipment, such as amalgamators, mixing machines, and porcelain furnaces.

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