State of Tennessee Treasury Department increased its holdings in shares of DENTSPLY SIRONA Inc. (NASDAQ:XRAY) by 0.0% during the second quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The firm owned 62,697 shares of the medical instruments supplier’s stock after acquiring an additional 28 shares during the period. State of Tennessee Treasury Department’s holdings in DENTSPLY SIRONA were worth $4,065,000 as of its most recent SEC filing.
A number of other hedge funds have also made changes to their positions in XRAY. BlackRock Inc. grew its holdings in DENTSPLY SIRONA by 3,103.7% during the first quarter. BlackRock Inc. now owns 13,891,329 shares of the medical instruments supplier’s stock worth $867,376,000 after acquiring an additional 13,457,730 shares during the period. Principal Financial Group Inc. grew its holdings in DENTSPLY SIRONA by 1,445.2% during the first quarter. Principal Financial Group Inc. now owns 5,292,885 shares of the medical instruments supplier’s stock worth $330,488,000 after acquiring an additional 4,950,337 shares during the period. Clearbridge Investments LLC grew its holdings in DENTSPLY SIRONA by 34.6% during the first quarter. Clearbridge Investments LLC now owns 5,258,060 shares of the medical instruments supplier’s stock worth $328,313,000 after acquiring an additional 1,353,040 shares during the period. Point72 Asset Management L.P. acquired a new position in DENTSPLY SIRONA during the first quarter worth $64,184,000. Finally, Renaissance Technologies LLC grew its holdings in DENTSPLY SIRONA by 246.0% during the first quarter. Renaissance Technologies LLC now owns 1,044,558 shares of the medical instruments supplier’s stock worth $65,222,000 after acquiring an additional 742,700 shares during the period. 93.97% of the stock is currently owned by hedge funds and other institutional investors.
A number of research analysts recently weighed in on the company. Jefferies Group LLC dropped their price objective on DENTSPLY SIRONA from $72.00 to $66.00 and set a “buy” rating on the stock in a report on Wednesday, August 23rd. BidaskClub lowered DENTSPLY SIRONA from a “sell” rating to a “strong sell” rating in a report on Wednesday, August 16th. Zacks Investment Research lowered DENTSPLY SIRONA from a “hold” rating to a “sell” rating in a report on Monday, August 14th. HC Wainwright reiterated a “buy” rating and set a $68.00 target price (down from $74.00) on shares of DENTSPLY SIRONA in a research report on Monday, August 14th. Finally, TheStreet downgraded DENTSPLY SIRONA from a “b” rating to a “c+” rating in a research report on Wednesday, August 9th. Three equities research analysts have rated the stock with a sell rating, three have given a hold rating and seven have issued a buy rating to the company’s stock. The company presently has an average rating of “Hold” and an average price target of $65.73.
Shares of DENTSPLY SIRONA Inc. (NASDAQ:XRAY) opened at 59.44 on Wednesday. DENTSPLY SIRONA Inc. has a 52-week low of $52.54 and a 52-week high of $65.68. The firm’s 50-day moving average price is $57.67 and its 200-day moving average price is $61.87. The stock’s market capitalization is $13.64 billion.
DENTSPLY SIRONA (NASDAQ:XRAY) last issued its quarterly earnings results on Wednesday, August 9th. The medical instruments supplier reported $0.65 earnings per share (EPS) for the quarter, meeting the consensus estimate of $0.65. DENTSPLY SIRONA had a positive return on equity of 7.24% and a negative net margin of 20.57%. The company had revenue of $992.70 million for the quarter, compared to analysts’ expectations of $1 billion. During the same period last year, the firm earned $0.76 EPS. The firm’s revenue for the quarter was down 2.9% on a year-over-year basis. Equities analysts forecast that DENTSPLY SIRONA Inc. will post $2.68 earnings per share for the current fiscal year.
The company also recently declared a quarterly dividend, which will be paid on Friday, October 13th. Stockholders of record on Friday, September 29th will be given a dividend of $0.0875 per share. This represents a $0.35 annualized dividend and a dividend yield of 0.59%. The ex-dividend date is Thursday, September 28th. DENTSPLY SIRONA’s dividend payout ratio (DPR) is presently -10.09%.
DENTSPLY SIRONA 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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