Heartland Advisors Inc. Sells 214,126 Shares of DENTSPLY SIRONA Inc. $XRAY

Heartland Advisors Inc. decreased its position in DENTSPLY SIRONA Inc. (NASDAQ:XRAY) by 14.0% in the 3rd quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 1,312,207 shares of the medical instruments supplier’s stock after selling 214,126 shares during the quarter. DENTSPLY SIRONA makes up approximately 0.9% of Heartland Advisors Inc.’s portfolio, making the stock its 29th largest position. Heartland Advisors Inc. owned about 0.66% of DENTSPLY SIRONA worth $16,652,000 at the end of the most recent reporting period.

A number of other large investors also recently made changes to their positions in XRAY. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. purchased a new position in DENTSPLY SIRONA during the first quarter worth about $26,000. Parkside Financial Bank & Trust grew its stake in DENTSPLY SIRONA by 620.6% in the 2nd quarter. Parkside Financial Bank & Trust now owns 1,715 shares of the medical instruments supplier’s stock valued at $27,000 after purchasing an additional 1,477 shares during the period. True Wealth Design LLC raised its stake in shares of DENTSPLY SIRONA by 273.0% during the 2nd quarter. True Wealth Design LLC now owns 2,376 shares of the medical instruments supplier’s stock worth $38,000 after purchasing an additional 1,739 shares during the period. Central Pacific Bank Trust Division boosted its holdings in shares of DENTSPLY SIRONA by 100.0% in the 3rd quarter. Central Pacific Bank Trust Division now owns 4,000 shares of the medical instruments supplier’s stock worth $51,000 after buying an additional 2,000 shares during the last quarter. Finally, IFP Advisors Inc increased its holdings in DENTSPLY SIRONA by 924.5% during the second quarter. IFP Advisors Inc now owns 3,811 shares of the medical instruments supplier’s stock worth $61,000 after buying an additional 3,439 shares during the last quarter. 95.70% of the stock is owned by institutional investors.

Wall Street Analysts Forecast Growth

XRAY has been the topic of a number of research analyst reports. Wells Fargo & Company dropped their target price on shares of DENTSPLY SIRONA from $15.00 to $12.00 and set an “equal weight” rating on the stock in a research note on Friday, November 7th. Stifel Nicolaus set a $13.00 price objective on DENTSPLY SIRONA in a research note on Thursday, November 6th. Robert W. Baird decreased their target price on DENTSPLY SIRONA from $14.00 to $12.00 and set a “neutral” rating for the company in a research report on Tuesday, December 16th. JPMorgan Chase & Co. lowered their target price on DENTSPLY SIRONA from $14.00 to $12.00 and set a “neutral” rating on the stock in a research note on Friday, November 7th. Finally, Barrington Research reiterated an “outperform” rating and set a $14.00 price target on shares of DENTSPLY SIRONA in a research note on Monday, January 5th. Two analysts have rated the stock with a Buy rating, nine have issued a Hold rating and three have assigned a Sell rating to the stock. According to MarketBeat, the company presently has an average rating of “Reduce” and an average price target of $14.25.

Insider Buying and Selling at DENTSPLY SIRONA

In other news, Director Gregory T. Lucier sold 82,200 shares of the business’s stock in a transaction dated Monday, December 8th. The stock was sold at an average price of $11.14, for a total transaction of $915,708.00. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this hyperlink. 0.52% of the stock is currently owned by insiders.

DENTSPLY SIRONA Stock Up 1.1%

Shares of NASDAQ XRAY opened at $12.95 on Tuesday. The company has a quick ratio of 0.99, a current ratio of 1.47 and a debt-to-equity ratio of 1.36. The company has a market cap of $2.58 billion, a P/E ratio of -2.93, a P/E/G ratio of 1.02 and a beta of 1.01. DENTSPLY SIRONA Inc. has a 52 week low of $9.85 and a 52 week high of $19.27. The business has a 50-day simple moving average of $12.15 and a two-hundred day simple moving average of $12.51.

DENTSPLY SIRONA Announces Dividend

The company also recently declared a quarterly dividend, which was paid on Friday, January 9th. Stockholders of record on Friday, December 26th were issued a $0.16 dividend. The ex-dividend date of this dividend was Friday, December 26th. This represents a $0.64 annualized dividend and a dividend yield of 4.9%. DENTSPLY SIRONA’s dividend payout ratio is presently -14.48%.

About DENTSPLY SIRONA

Dentsply Sirona Inc (NASDAQ: XRAY) is a leading global manufacturer of professional dental products and technologies. The company, formed through the merger of Dentsply International and Sirona Dental Systems in February 2016, brings together a long heritage of innovation in dental care. Headquartered in Charlotte, North Carolina, Dentsply Sirona develops and markets a comprehensive range of dental consumables, laboratory products, and advanced imaging and CAD/CAM systems.

The company’s product portfolio spans preventive, restorative, orthodontic, endodontic and surgical care.