State Board of Administration of Florida Retirement System Sells 4,133 Shares of DENTSPLY SIRONA Inc (NASDAQ:XRAY)

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State Board of Administration of Florida Retirement System reduced its holdings in shares of DENTSPLY SIRONA Inc (NASDAQ:XRAY) by 1.2% in the second quarter, according to its most recent filing with the SEC. The fund owned 336,158 shares of the medical instruments supplier’s stock after selling 4,133 shares during the period. State Board of Administration of Florida Retirement System owned about 0.14% of DENTSPLY SIRONA worth $19,618,000 at the end of the most recent quarter.

Other hedge funds have also modified their holdings of the company. Hanseatic Management Services Inc. bought a new stake in shares of DENTSPLY SIRONA during the 1st quarter worth approximately $30,000. Cornerstone Advisors Inc. lifted its stake in shares of DENTSPLY SIRONA by 62.0% during the 2nd quarter. Cornerstone Advisors Inc. now owns 904 shares of the medical instruments supplier’s stock worth $53,000 after acquiring an additional 346 shares during the last quarter. Arcadia Investment Management Corp MI bought a new stake in shares of DENTSPLY SIRONA during the 2nd quarter worth approximately $58,000. Private Capital Group LLC lifted its stake in shares of DENTSPLY SIRONA by 74.7% during the 1st quarter. Private Capital Group LLC now owns 1,223 shares of the medical instruments supplier’s stock worth $61,000 after acquiring an additional 523 shares during the last quarter. Finally, Quadrant Capital Group LLC lifted its stake in shares of DENTSPLY SIRONA by 1,047.2% during the 1st quarter. Quadrant Capital Group LLC now owns 1,411 shares of the medical instruments supplier’s stock worth $68,000 after acquiring an additional 1,288 shares during the last quarter. 94.13% of the stock is owned by hedge funds and other institutional investors.

In other DENTSPLY SIRONA news, SVP Maureen J. Macinnis sold 15,000 shares of the firm’s stock in a transaction on Monday, June 10th. The stock was sold at an average price of $56.06, for a total transaction of $840,900.00. Following the transaction, the senior vice president now directly owns 25,360 shares in the company, valued at approximately $1,421,681.60. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. Also, CEO Donald M. Jr. Casey acquired 10,000 shares of DENTSPLY SIRONA stock in a transaction on Wednesday, May 29th. The shares were purchased at an average price of $53.68 per share, for a total transaction of $536,800.00. Following the completion of 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. Company insiders own 0.62% of the company’s stock.

A number of equities research analysts recently issued reports on the company. Wolfe Research assumed coverage on DENTSPLY SIRONA in a research note on Thursday, May 30th. They set a “peer perform” rating for the company. Evercore ISI assumed coverage on DENTSPLY SIRONA in a research note on Friday, July 26th. They set an “in-line” rating for the company. Wellington Shields raised DENTSPLY SIRONA from a “hold” rating to a “gradually accumulate” rating in a research note on Friday, August 2nd. HC Wainwright reissued a “neutral” rating and set a $57.00 price target (up from $55.00) on shares of DENTSPLY SIRONA in a research note on Tuesday, July 9th. Finally, Zacks Investment Research lowered DENTSPLY SIRONA from a “buy” rating to a “hold” rating and set a $62.00 price target for the company. in a research note on Monday, May 27th. Nine analysts have rated the stock with a hold rating and four have given a buy rating to the company. DENTSPLY SIRONA currently has a consensus rating of “Hold” and a consensus target price of $54.57.

XRAY opened at $51.67 on Friday. The stock’s fifty day moving average is $54.79 and its two-hundred day moving average is $52.02. The company has a market capitalization of $11.97 billion, a P/E ratio of 25.71, a PEG ratio of 1.95 and a beta of 0.97. DENTSPLY SIRONA Inc has a 52 week low of $33.93 and a 52 week high of $59.40. The company has a quick ratio of 1.39, a current ratio of 2.08 and a debt-to-equity ratio of 0.30.

DENTSPLY SIRONA (NASDAQ:XRAY) last released its quarterly earnings data on Friday, August 2nd. The medical instruments supplier reported $0.66 EPS for the quarter, topping the consensus estimate of $0.62 by $0.04. The company had revenue of $1.01 billion for the quarter, compared to the consensus estimate of $1.04 billion. DENTSPLY SIRONA had a return on equity of 9.19% and a net margin of 2.67%. DENTSPLY SIRONA’s quarterly revenue was down 3.1% on a year-over-year basis. During the same period last year, the business posted $0.60 EPS. Equities analysts anticipate that DENTSPLY SIRONA Inc will post 2.39 earnings per share for the current year.

DENTSPLY SIRONA 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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Institutional Ownership by Quarter for DENTSPLY SIRONA (NASDAQ:XRAY)

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