DENTSPLY SIRONA (NASDAQ:XRAY) Upgraded by Wellington Shields to Gradually Accumulate

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Wellington Shields upgraded shares of DENTSPLY SIRONA (NASDAQ:XRAY) from a hold rating to a gradually accumulate rating in a research report report published on Friday morning, Briefing.com Automated Import reports.

Several other research analysts have also weighed in on the company. Wolfe Research initiated coverage on DENTSPLY SIRONA in a research report on Thursday, May 30th. They issued a peer perform rating on the stock. HC Wainwright reaffirmed a neutral rating and issued a $57.00 target price (up from $55.00) on shares of DENTSPLY SIRONA in a research report on Tuesday, July 9th. Zacks Investment Research lowered DENTSPLY SIRONA from a buy rating to a hold rating and set a $62.00 target price on the stock. in a research report on Monday, May 27th. ValuEngine lowered DENTSPLY SIRONA from a buy rating to a hold rating in a research report on Thursday, August 1st. Finally, Barrington Research raised DENTSPLY SIRONA from a market perform rating to an outperform rating and set a $63.00 target price on the stock in a research report on Monday, May 6th. One investment analyst has rated the stock with a sell rating, ten have given a hold rating and six have assigned a buy rating to the company’s stock. DENTSPLY SIRONA presently has a consensus rating of Hold and an average price target of $53.77.

Shares of XRAY stock opened at $51.49 on Friday. The company has a debt-to-equity ratio of 0.33, a quick ratio of 1.35 and a current ratio of 2.06. DENTSPLY SIRONA has a fifty-two week low of $33.93 and a fifty-two week high of $59.40. The business has a 50-day moving average price of $56.76. The firm has a market cap of $12.05 billion, a price-to-earnings ratio of 25.62, a P/E/G ratio of 1.96 and a beta of 0.98.

DENTSPLY SIRONA (NASDAQ:XRAY) last issued its earnings results on Friday, August 2nd. The medical instruments supplier reported $0.66 earnings per share for the quarter, topping the consensus estimate of $0.62 by $0.04. DENTSPLY SIRONA had a positive return on equity of 8.99% and a negative net margin of 26.48%. The company had revenue of $1.01 billion for the quarter, compared to analyst estimates of $1.04 billion. During the same period in the prior year, the firm posted $0.60 EPS. The business’s revenue was down 3.1% compared to the same quarter last year. As a group, sell-side analysts forecast that DENTSPLY SIRONA will post 2.37 earnings per share for the current fiscal year.

The business also recently disclosed a quarterly dividend, which was paid on Friday, July 12th. Stockholders of record on Friday, June 28th were issued a dividend of $0.0875 per share. This is a positive change from DENTSPLY SIRONA’s previous quarterly dividend of $0.09. The ex-dividend date of this dividend was Thursday, June 27th. This represents a $0.35 dividend on an annualized basis and a dividend yield of 0.68%. DENTSPLY SIRONA’s dividend payout ratio is currently 17.41%.

In other DENTSPLY SIRONA news, SVP Maureen J. Macinnis sold 15,000 shares of the firm’s stock in a transaction that occurred on Monday, June 10th. The stock was sold at an average price of $56.06, for a total value of $840,900.00. Following the sale, the senior vice president now owns 25,360 shares of the company’s stock, valued at approximately $1,421,681.60. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this link. Also, CEO Donald M. Jr. Casey bought 10,000 shares of the stock in a transaction on Wednesday, May 29th. The stock was acquired at an average cost of $53.68 per share, for a total transaction of $536,800.00. Following the acquisition, the chief executive officer now directly owns 105,631 shares in the company, valued at $5,670,272.08. The disclosure for this purchase can be found here. In the last three months, insiders have bought 22,720 shares of company stock worth $1,223,243 and have sold 104,462 shares worth $5,755,004. Corporate insiders own 0.62% of the company’s stock.

Institutional investors and hedge funds have recently added to or reduced their stakes in the business. Hanseatic Management Services Inc. acquired a new stake in DENTSPLY SIRONA in the 1st quarter valued at approximately $30,000. Pinnacle Bank acquired a new stake in DENTSPLY SIRONA in the 4th quarter valued at approximately $26,000. Cornerstone Advisors Inc. grew its holdings in DENTSPLY SIRONA by 62.0% in the 2nd quarter. Cornerstone Advisors Inc. now owns 904 shares of the medical instruments supplier’s stock valued at $53,000 after buying an additional 346 shares during the last quarter. Arcadia Investment Management Corp MI acquired a new stake in DENTSPLY SIRONA in the 2nd quarter valued at approximately $58,000. Finally, Private Capital Group LLC grew its holdings in DENTSPLY SIRONA by 74.7% in the 1st quarter. Private Capital Group LLC now owns 1,223 shares of the medical instruments supplier’s stock valued at $61,000 after buying an additional 523 shares during the last quarter. 91.86% of the stock is currently owned by hedge funds and other institutional investors.

DENTSPLY SIRONA Company Profile

DENTSPLY SIRONA Inc designs, develops, manufactures, and markets various dental and oral health products, and other consumable healthcare products primarily for the professional dental market worldwide. The company operates in two segments, Technologies & Equipment; and Consumables. Its dental supplies include endodontic instruments and materials, dental anesthetics, prophylaxis pastes, dental sealants, impression materials, restorative materials, tooth whiteners, and topical fluoride products; and small equipment products comprise dental hand pieces, intraoral curing light systems, dental diagnostic systems, and ultrasonic scalers and polishers.

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