DENTSPLY SIRONA (XRAY) Downgraded by BidaskClub to “Strong Sell”
BidaskClub downgraded shares of DENTSPLY SIRONA (NASDAQ:XRAY) from a sell rating to a strong sell rating in a research report sent to investors on Wednesday.
XRAY has been the subject of a number of other research reports. HC Wainwright lowered DENTSPLY SIRONA from a buy rating to a neutral rating and set a $68.00 target price for the company. in a report on Thursday, November 30th. Deutsche Bank assumed coverage on DENTSPLY SIRONA in a report on Friday, December 8th. They set a buy rating and a $81.00 target price for the company. Barrington Research upgraded DENTSPLY SIRONA from a market perform rating to an outperform rating and set a $73.00 target price for the company in a report on Monday, November 6th. Zacks Investment Research lowered DENTSPLY SIRONA from a hold rating to a sell rating in a report on Monday, January 8th. Finally, JPMorgan Chase & Co. upgraded DENTSPLY SIRONA from a neutral rating to an overweight rating and set a $75.00 price objective for the company in a report on Wednesday, December 13th. Three research analysts have rated the stock with a sell rating, three have issued a hold rating and nine have given a buy rating to the company. DENTSPLY SIRONA has a consensus rating of Hold and an average price target of $68.85.
Shares of DENTSPLY SIRONA (XRAY) opened at $56.96 on Wednesday. The company has a current ratio of 2.32, a quick ratio of 1.59 and a debt-to-equity ratio of 0.21. The firm has a market capitalization of $12,876.02, a price-to-earnings ratio of -16.41, a price-to-earnings-growth ratio of 2.07 and a beta of 1.20. DENTSPLY SIRONA has a twelve month low of $52.53 and a twelve month high of $68.98.
The firm also recently disclosed a quarterly dividend, which will be paid on Friday, April 13th. Stockholders of record on Thursday, March 29th will be issued a dividend of $0.0875 per share. The ex-dividend date is Wednesday, March 28th. This represents a $0.35 annualized dividend and a dividend yield of 0.61%. DENTSPLY SIRONA’s dividend payout ratio is presently -10.09%.
In other news, Director Eric Brandt sold 6,409 shares of the stock in a transaction on Monday, January 8th. The stock was sold at an average price of $68.04, for a total transaction of $436,068.36. Following the completion of the sale, the director now owns 12,073 shares in the company, valued at approximately $821,446.92. The sale was disclosed in a document filed with the SEC, which is accessible through the SEC website. Corporate insiders own 1.99% of the company’s stock.
Several institutional investors and hedge funds have recently modified their holdings of XRAY. APG Asset Management N.V. increased its position 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 acquiring an additional 32,700 shares during the period. Nationwide Fund Advisors increased its position 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 acquiring an additional 9,697 shares during the period. Huntington National Bank acquired a new position in shares of DENTSPLY SIRONA in the 3rd quarter valued at $157,000. Crossmark Global Holdings Inc. acquired a new position in shares of DENTSPLY SIRONA in the 3rd quarter valued at $1,817,000. Finally, Clarkston Capital Partners LLC increased its position in shares of DENTSPLY SIRONA by 11.2% in the 3rd quarter. Clarkston Capital Partners LLC now owns 54,425 shares of the medical instruments supplier’s stock valued at $3,255,000 after acquiring an additional 5,500 shares during the period. Hedge funds and other institutional investors own 96.05% of the company’s stock.
DENTSPLY SIRONA Company Profile
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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