Envista (NYSE:NVST) Stock Price Down 4.5% – What’s Next?

Envista Holdings Corporation (NYSE:NVST)’s stock price dropped 4.5% during trading on Thursday . The company traded as low as $24.26 and last traded at $23.8460. 249,600 shares changed hands during trading, a decline of 91% from the average daily volume of 2,880,584 shares. The stock had previously closed at $24.97.

Wall Street Analysts Forecast Growth

NVST has been the topic of several research analyst reports. Barclays cut their price objective on Envista from $34.00 to $32.00 and set an “overweight” rating on the stock in a report on Thursday, June 11th. Wall Street Zen downgraded Envista from a “strong-buy” rating to a “buy” rating in a research report on Saturday, September 5th. Weiss Ratings raised shares of Envista from a “hold (c-)” rating to a “hold (c)” rating in a research report on Thursday, August 6th. Morgan Stanley set a $23.00 price objective on shares of Envista in a research note on Thursday, August 6th. Finally, Deutsche Bank Aktiengesellschaft set a $32.00 price objective on shares of Envista in a report on Thursday, September 3rd. One investment analyst has rated the stock with a Strong Buy rating, seven have issued a Buy rating and eight have given a Hold rating to the stock. Based on data from MarketBeat, the stock has a consensus rating of “Moderate Buy” and an average price target of $29.71.

Envista Trading Down 3.1%

The company’s fifty day moving average is $27.05 and its two-hundred day moving average is $26.10. The stock has a market cap of $3.88 billion, a price-to-earnings ratio of 41.68, a PEG ratio of 1.18 and a beta of 0.86. The company has a quick ratio of 2.07, a current ratio of 2.43 and a debt-to-equity ratio of 0.47.

Envista (NYSE:NVST) last posted its quarterly 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 company had revenue of $730.50 million during the quarter, compared to analysts’ expectations of $716.11 million. During the same quarter in the previous year, the business posted $0.26 EPS. The firm’s revenue was up 7.1% on a year-over-year basis. Envista has set its FY 2026 guidance at 1.500-1.550 EPS. On average, research analysts predict that Envista Holdings Corporation will post 1.53 EPS for the current fiscal year.

Insider Buying and Selling

In other Envista news, SVP Mischa Reis sold 8,000 shares of the firm’s stock in a transaction on Thursday, August 20th. The stock was sold at an average price of $27.50, for a total value of $220,000.00. Following 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 transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. 0.99% of the stock is owned by company insiders.

Institutional Investors Weigh In On Envista

Several hedge funds and other institutional investors have recently made changes to their positions in NVST. Dimensional Fund Advisors LP boosted its holdings in Envista by 1.6% in the first quarter. Dimensional Fund Advisors LP now owns 9,780,948 shares of the company’s stock valued at $248,130,000 after purchasing an additional 152,488 shares in the last quarter. Arrowstreet Capital Limited Partnership boosted its holdings in shares of Envista by 341.5% in the 1st quarter. Arrowstreet Capital Limited Partnership now owns 2,858,293 shares of the company’s stock valued at $72,515,000 after buying an additional 2,210,847 shares in the last quarter. Quantinno Capital Management LP boosted its holdings in shares of Envista by 38.8% in 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. Norges Bank purchased a new position in shares of Envista in the 4th quarter valued at $45,113,000. Finally, Jupiter Asset Management Ltd. grew its position in shares of Envista by 48.2% in the 4th quarter. Jupiter Asset Management Ltd. now owns 1,999,048 shares of the company’s stock valued at $43,399,000 after buying an additional 650,006 shares during the last quarter.

About Envista

Envista Holdings Corporation 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-care professionals.

Envista’s portfolio includes dental imaging and diagnostic systems, digital dentistry and CAD/CAM solutions, dental implants, orthodontic brackets and wires, clear aligner products, endodontic instruments, restorative materials, infection-prevention products and other dental consumables.