DENTSPLY SIRONA (NASDAQ:XRAY) Reaches New 1-Year Low at $30.93

DENTSPLY SIRONA Inc. (NASDAQ:XRAYGet Rating) hit a new 52-week low on Wednesday . The company traded as low as $30.93 and last traded at $31.22, with a volume of 1663 shares. The stock had previously closed at $31.06.

Analysts Set New Price Targets

Several equities research analysts have commented on the stock. UBS Group raised shares of DENTSPLY SIRONA from a “neutral” rating to a “buy” rating and cut their price target for the stock from $58.00 to $47.00 in a research report on Wednesday, June 1st. William Blair lowered shares of DENTSPLY SIRONA from a “market perform” rating to an “underperform” rating in a research report on Friday, August 5th. StockNews.com lowered shares of DENTSPLY SIRONA from a “buy” rating to a “hold” rating in a research report on Monday, August 15th. The Goldman Sachs Group reduced their price target on shares of DENTSPLY SIRONA from $42.00 to $41.00 and set a “neutral” rating on the stock in a research report on Thursday, July 21st. Finally, Morgan Stanley reduced their price target on shares of DENTSPLY SIRONA from $48.00 to $44.00 and set an “overweight” rating on the stock in a research report on Wednesday, July 20th. One investment analyst has rated the stock with a sell rating, six have assigned a hold rating and three have assigned a buy rating to the stock. Based on data from MarketBeat, DENTSPLY SIRONA presently has an average rating of “Hold” and a consensus price target of $48.11.

DENTSPLY SIRONA Price Performance

The company’s 50 day moving average price is $35.15 and its 200-day moving average price is $40.76. The stock has a market cap of $7.09 billion, a P/E ratio of 19.47, a P/E/G ratio of 2.52 and a beta of 0.92. The company has a quick ratio of 1.03, a current ratio of 1.45 and a debt-to-equity ratio of 0.38.

DENTSPLY SIRONA Dividend Announcement

The firm also recently declared a quarterly dividend, which will be paid on Friday, October 14th. Stockholders of record on Friday, September 30th will be paid a dividend of $0.125 per share. This represents a $0.50 annualized dividend and a dividend yield of 1.52%. The ex-dividend date is Thursday, September 29th. DENTSPLY SIRONA’s payout ratio is currently 29.59%.

Hedge Funds Weigh In On DENTSPLY SIRONA

A number of hedge funds have recently bought and sold shares of XRAY. SOA Wealth Advisors LLC. raised its stake in DENTSPLY SIRONA by 26,666.7% during the first quarter. SOA Wealth Advisors LLC. now owns 803 shares of the medical instruments supplier’s stock worth $39,000 after buying an additional 800 shares during the last quarter. Van ECK Associates Corp bought a new position in DENTSPLY SIRONA during the second quarter worth $41,000. Parkside Financial Bank & Trust raised its stake in DENTSPLY SIRONA by 33.8% during the second quarter. Parkside Financial Bank & Trust now owns 1,224 shares of the medical instruments supplier’s stock worth $43,000 after buying an additional 309 shares during the last quarter. Dixon Hughes Goodman Wealth Advisors LLC acquired a new stake in DENTSPLY SIRONA in the first quarter worth $79,000. Finally, Wahed Invest LLC acquired a new stake in DENTSPLY SIRONA in the second quarter worth $82,000. Institutional investors own 96.00% of the company’s stock.

DENTSPLY SIRONA Company Profile

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DENTSPLY SIRONA Inc manufactures and sells various dental products and technologies for professional dental market worldwide. The company operates through two segments, Technologies & Equipment, and Consumables. The Technologies & Equipment segment provides dental equipment, such as treatment centers, imaging equipment, motorized dental handpieces, and other instruments for dental practitioners and specialists; dental CAD/CAM technologies for dental offices to support various digital dental procedures, including dental restorations; dentist-directed clear aligner solutions, SureSmile, and direct-to-consumer clear aligner solutions, as well as high frequency vibration technology device; implants; and urology catheters and other healthcare-related consumable products.

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