Posted by admin on Aug 15th, 2022

Texas Permanent School Fund reduced its position in shares of DENTSPLY SIRONA Inc. (NASDAQ:XRAY – Get Rating) by 5.8% during the first quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor owned 28,355 shares of the medical instruments supplier’s stock after selling 1,755 shares during the period. Texas Permanent School Fund’s holdings in DENTSPLY SIRONA were worth $1,396,000 at the end of the most recent quarter.

A number of other large investors also recently made changes to their positions in XRAY. SOA Wealth Advisors LLC. increased its holdings in DENTSPLY SIRONA by 26,666.7% during the first quarter. SOA Wealth Advisors LLC. now owns 803 shares of the medical instruments supplier’s stock worth $39,000 after buying an additional 800 shares during the last quarter. Dixon Hughes Goodman Wealth Advisors LLC purchased a new stake in DENTSPLY SIRONA during the first quarter worth about $79,000. Covestor Ltd purchased a new stake in DENTSPLY SIRONA during the fourth quarter worth about $90,000. CWM LLC purchased a new stake in DENTSPLY SIRONA during the fourth quarter worth about $122,000. Finally, Wahed Invest LLC purchased a new position in shares of DENTSPLY SIRONA in the fourth quarter worth about $145,000. 94.79% of the stock is owned by institutional investors.

Several equities analysts have recently weighed in on XRAY shares. Barrington Research reduced their target price on shares of DENTSPLY SIRONA from $53.00 to $51.00 in a research note on Wednesday, May 11th. StockNews.com upgraded shares of DENTSPLY SIRONA from a “hold” rating to a “buy” rating in a research note on Sunday, August 7th. Piper Sandler reduced their target price on shares of DENTSPLY SIRONA from $41.00 to $38.00 in a research note on Monday, July 11th. Bank of America downgraded shares of DENTSPLY SIRONA from a “buy” rating to a “neutral” rating and reduced their target price for the stock from $66.00 to $49.00 in a research note on Tuesday, April 19th. Finally, Morgan Stanley reduced their price objective on shares of DENTSPLY SIRONA from $48.00 to $44.00 and set an “overweight” rating for the company in a research note on Wednesday, July 20th. One equities research analyst has rated the stock with a sell rating, five have given a hold rating and four have issued a buy rating to the company. Based on data from MarketBeat, the company currently has a consensus rating of “Hold” and an average target price of $48.11.

Shares of DENTSPLY SIRONA stock opened at $37.65 on Monday. DENTSPLY SIRONA Inc. has a 1 year low of $33.78 and a 1 year high of $63.10. The firm has a market cap of $8.11 billion, a PE ratio of 22.28, a PEG ratio of 3.05 and a beta of 0.91. The company has a debt-to-equity ratio of 0.38, a current ratio of 1.45 and a quick ratio of 1.03. The company has a 50 day simple moving average of $36.26 and a two-hundred day simple moving average of $43.27.

The business also recently announced a quarterly dividend, which will be paid on Friday, October 14th. Shareholders of record on Friday, September 30th will be given a dividend of $0.125 per share. The ex-dividend date is Thursday, September 29th. This represents a $0.50 annualized dividend and a yield of 1.33%. DENTSPLY SIRONA’s payout ratio is presently 29.59%.

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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