Envista (NYSE:NVST) Shares Cross Below Fifty Day Moving Average – Here’s Why

Envista Holdings Corporation (NYSE:NVST) passed below its 50-day moving average during trading on Friday. The stock has a 50-day moving average of $24.59 and traded as low as $23.40. Envista shares last traded at $23.48, with a volume of 3,727,983 shares trading hands.

Analyst Upgrades and Downgrades

A number of research firms have issued reports on NVST. Zacks Research downgraded Envista from a “strong-buy” rating to a “hold” rating in a research note on Monday, October 5th. JPMorgan Chase & Co. raised Envista from a “neutral” rating to an “overweight” rating and increased their price objective for the stock from $29.00 to $32.00 in a research note on Thursday, September 3rd. Needham & Company LLC reissued a “hold” rating on shares of Envista in a research note on Friday, September 18th. Robert W. Baird lowered Envista from an “outperform” rating to a “neutral” rating and dropped their target price for the company from $34.00 to $26.00 in a report on Thursday, October 15th. Finally, Deutsche Bank Aktiengesellschaft set a $32.00 target price on Envista in a research report on Thursday, September 3rd. Six analysts have rated the stock with a Buy rating and eleven have given a Hold rating to the company. According to MarketBeat, Envista currently has an average rating of “Hold” and a consensus target price of $28.86.

Envista Stock Performance

The company has a debt-to-equity ratio of 0.47, a quick ratio of 2.07 and a current ratio of 2.43. The stock has a market cap of $3.77 billion, a PE ratio of 40.48, a price-to-earnings-growth ratio of 1.25 and a beta of 0.89. The company’s 50 day simple moving average is $24.59 and its 200 day simple moving average is $25.71.

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

Insider Activity at Envista

In related news, SVP Mischa Reis sold 8,000 shares of Envista stock in a transaction on Thursday, August 20th. The stock was sold at an average price of $27.50, for a total transaction of $220,000.00. Following the sale, the senior vice president directly owned 27,321 shares in the company, valued at approximately $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 SEC, which can be accessed through this link. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Insiders own 0.99% of the company’s stock.

Institutional Inflows and Outflows

Institutional investors have recently bought and sold shares of the business. Dimensional Fund Advisors LP increased its stake in shares of Envista by 1.6% in the first quarter. Dimensional Fund Advisors LP now owns 9,780,948 shares of the company’s stock worth $248,130,000 after purchasing an additional 152,488 shares in the last quarter. Arrowstreet Capital Limited Partnership raised its position in shares of Envista by 341.5% in the first quarter. Arrowstreet Capital Limited Partnership now owns 2,858,293 shares of the company’s stock valued at $72,515,000 after purchasing an additional 2,210,847 shares during the period. Quantinno Capital Management LP lifted its stake in shares of Envista by 38.8% during the 1st quarter. Quantinno Capital Management LP now owns 2,694,970 shares of the company’s stock valued at $68,371,000 after buying an additional 753,474 shares in the last quarter. Wellington Management Group LLP lifted its stake in shares of Envista by 2,662.1% during the 2nd quarter. Wellington Management Group LLP now owns 1,686,415 shares of the company’s stock valued at $44,437,000 after buying an additional 1,625,360 shares in the last quarter. Finally, Bank of New York Mellon Corp purchased a new stake in shares of Envista during the 2nd quarter valued at approximately $37,316,000.

About Envista

Envista Holdings Corporation (NYSE: NVST) is a global dental products and technologies company headquartered in Brea, California. The company develops, manufactures and markets products used by dentists, dental specialists, dental laboratories and other oral health professionals.

Envista’s portfolio includes dental implants, orthodontic systems, digital imaging and workflow solutions, dental consumables, treatment equipment and related technologies. Its brands include Nobel Biocare, Ormco, DEXIS and Kerr, which provide products and services spanning implant dentistry, orthodontics, diagnostic imaging, restorative care and general dental practice management.

Envista was established as an independent public company in 2019 following its separation from Danaher Corporation.