DENTSPLY SIRONA Inc (XRAY) Shares Sold by State of Tennessee Treasury Department
State of Tennessee Treasury Department decreased its stake in shares of DENTSPLY SIRONA Inc (NASDAQ:XRAY) by 4.7% in the fourth quarter, HoldingsChannel reports. The institutional investor owned 59,418 shares of the medical instruments supplier’s stock after selling 2,956 shares during the period. State of Tennessee Treasury Department’s holdings in DENTSPLY SIRONA were worth $3,911,000 at the end of the most recent quarter.
A number of other institutional investors and hedge funds also recently made changes to their positions in the stock. APG Asset Management N.V. raised its holdings in shares of DENTSPLY SIRONA by 45.0% in the 3rd quarter. APG Asset Management N.V. now owns 105,385 shares of the medical instruments supplier’s stock valued at $6,303,000 after purchasing an additional 32,700 shares in the last quarter. Nationwide Fund Advisors raised its holdings in shares of DENTSPLY SIRONA by 2.3% in the 3rd quarter. Nationwide Fund Advisors now owns 435,907 shares of the medical instruments supplier’s stock valued at $26,072,000 after purchasing an additional 9,697 shares in the last quarter. Crossmark Global Holdings Inc. bought a new stake in shares of DENTSPLY SIRONA in the 3rd quarter valued at about $1,817,000. Canada Pension Plan Investment Board raised its holdings in shares of DENTSPLY SIRONA by 101.6% in the 3rd quarter. Canada Pension Plan Investment Board now owns 50,600 shares of the medical instruments supplier’s stock valued at $3,026,000 after purchasing an additional 25,500 shares in the last quarter. Finally, Emerald Advisers Inc. PA raised its holdings in shares of DENTSPLY SIRONA by 11.0% in the 3rd quarter. Emerald Advisers Inc. PA now owns 27,110 shares of the medical instruments supplier’s stock valued at $1,621,000 after purchasing an additional 2,687 shares in the last quarter. Institutional investors own 96.05% of the company’s stock.
Several equities research analysts have recently commented on the stock. BidaskClub lowered shares of DENTSPLY SIRONA from a “sell” rating to a “strong sell” rating in a report on Wednesday. Credit Suisse Group reduced their price target on shares of DENTSPLY SIRONA from $73.00 to $69.00 and set an “outperform” rating for the company in a report on Friday. Stifel Nicolaus boosted their price target on shares of DENTSPLY SIRONA from $66.00 to $70.00 and gave the company a “buy” rating in a report on Monday, November 6th. Barrington Research upgraded shares of DENTSPLY SIRONA from a “market perform” rating to an “outperform” rating and set a $73.00 price target for the company in a report on Monday, November 6th. Finally, Stephens assumed coverage on shares of DENTSPLY SIRONA in a report on Tuesday, November 28th. They issued an “overweight” rating and a $75.00 price target for the company. Three research analysts have rated the stock with a sell rating, three have given a hold rating and nine have issued a buy rating to the company. The company presently has a consensus rating of “Hold” and a consensus target price of $68.85.
DENTSPLY SIRONA Inc (NASDAQ:XRAY) opened at $56.96 on Friday. The company has a debt-to-equity ratio of 0.21, a current ratio of 2.32 and a quick ratio of 1.59. DENTSPLY SIRONA Inc has a 12-month low of $52.53 and a 12-month high of $68.98. The stock has a market cap of $12,699.17, a P/E ratio of -8.28, a PEG ratio of 2.04 and a beta of 1.21.
DENTSPLY SIRONA (NASDAQ:XRAY) last issued its quarterly earnings data on Thursday, March 1st. The medical instruments supplier reported $0.82 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.81 by $0.01. DENTSPLY SIRONA had a negative net margin of 39.39% and a positive return on equity of 8.07%. The firm had revenue of $1.09 billion for the quarter, compared to the consensus estimate of $1.06 billion. During the same quarter in the previous year, the firm earned $0.67 EPS. The company’s quarterly revenue was up 9.5% compared to the same quarter last year. research analysts forecast that DENTSPLY SIRONA Inc will post 2.88 earnings per share for the current year.
The company also recently disclosed a quarterly dividend, which will be paid on Friday, April 13th. Stockholders of record on Thursday, March 29th will be given a $0.0875 dividend. This represents a $0.35 dividend on an annualized basis and a dividend yield of 0.61%. The ex-dividend date is Wednesday, March 28th. DENTSPLY SIRONA’s payout ratio is currently -5.09%.
About DENTSPLY SIRONA
DENTSPLY SIRONA Inc is a manufacturer of professional dental products and technologies. The Company develops, manufactures, and markets solutions offering, including dental and oral health products, as well as other consumable medical devices. It operates through two segments: Dental and Healthcare Consumables, and Technologies.
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