Envista Holdings Corporation $NVST Shares Bought by Wellington Management Group LLP

Wellington Management Group LLP boosted its position in shares of Envista Holdings Corporation (NYSE:NVST) by 2,662.1% in the 2nd quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 1,686,415 shares of the company’s stock after buying an additional 1,625,360 shares during the period. Wellington Management Group LLP’s holdings in Envista were worth $44,437,000 at the end of the most recent quarter.

Several other hedge funds and other institutional investors have also made changes to their positions in the company. Empowered Funds LLC acquired a new stake in shares of Envista in the second quarter worth approximately $338,000. Public Employees Retirement System of Ohio purchased a new position in Envista in the 2nd quarter valued at $1,320,000. Proficio Capital Partners LLC acquired a new stake in Envista during the 2nd quarter worth $336,000. Corient Private Wealth LP acquired a new stake in Envista during the 2nd quarter worth $17,905,000. Finally, Freestone Grove Partners LP purchased a new stake in shares of Envista during the second quarter worth $749,000.

Envista Stock Performance

NYSE:NVST opened at $27.53 on Friday. The company’s 50-day moving average is $27.22 and its two-hundred day moving average is $26.29. Envista Holdings Corporation has a 1-year low of $18.77 and a 1-year high of $30.42. The company has a debt-to-equity ratio of 0.47, a current ratio of 2.43 and a quick ratio of 2.07. The firm has a market capitalization of $4.42 billion, a price-to-earnings ratio of 47.47, a PEG ratio of 1.30 and a beta of 0.86.

Envista (NYSE:NVST) last released its quarterly earnings results on Wednesday, August 5th. The company reported $0.41 EPS for the quarter, beating the consensus estimate of $0.34 by $0.07. The firm had revenue of $730.50 million for the quarter, compared to analyst estimates of $716.11 million. Envista had a net margin of 3.33% and a return on equity of 7.88%. The business’s revenue for the quarter was up 7.1% compared to the same quarter last year. During the same quarter in the previous year, the company earned $0.26 EPS. Envista has set its FY 2026 guidance at 1.500-1.550 EPS. Analysts forecast that Envista Holdings Corporation will post 1.53 EPS for the current year.

Analyst Ratings Changes

A number of equities research analysts have recently commented on NVST shares. BMO Capital Markets initiated coverage on shares of Envista in a research report on Wednesday, July 8th. They issued a “market perform” rating and a $27.00 target price for the company. Zacks Research raised shares of Envista from a “hold” rating to a “strong-buy” rating in a research note on Friday, August 7th. Wall Street Zen upgraded shares of Envista from a “buy” rating to a “strong-buy” rating in a report on Saturday, August 22nd. JPMorgan Chase & Co. raised shares of Envista from a “neutral” rating to an “overweight” rating and raised their target price for the stock from $29.00 to $32.00 in a research note on Thursday. Finally, Robert W. Baird set a $34.00 price target on Envista in a research report on Thursday, August 6th. One equities research analyst has rated the stock with a Strong Buy rating, seven have issued a Buy rating and eight have issued a Hold rating to the company’s stock. According to data from MarketBeat.com, the stock has an average rating of “Moderate Buy” and an average price target of $29.71.

Insiders Place Their Bets

In other Envista news, SVP Mischa Reis sold 8,000 shares of Envista stock in a transaction dated Thursday, August 20th. The shares were sold at an average price of $27.50, for a total transaction of $220,000.00. Following the completion of the sale, the senior vice president directly owned 27,321 shares in the company, valued at $751,327.50. This trade represents a 22.65% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. 0.99% of the stock is currently owned by company insiders.

About Envista

Envista Holdings Corporation is a global dental products company that develops, manufactures and markets a broad portfolio of dental consumables, equipment and technology solutions. Headquartered in Brea, California, Envista serves dental practitioners, specialists and laboratories in more than 150 countries. The company’s offerings span implant, orthodontic, endodontic and restorative product lines as well as digital imaging systems and practice management software.

Envista’s product brands include Nobel Biocare for dental implants and restorative solutions, Ormco for orthodontic appliances and treatment systems, Kerr for restorative and endodontic materials, KaVo for dental imaging and handpieces, and Vista for surgical drills and instruments.