State of New Jersey Common Pension Fund D Grows Position in DENTSPLY SIRONA Inc. (NASDAQ:XRAY)

State of New Jersey Common Pension Fund D grew its stake in shares of DENTSPLY SIRONA Inc. (NASDAQ:XRAY) by 41.7% in the fourth quarter, according to the company in its most recent Form 13F filing with the SEC. The firm owned 111,184 shares of the medical instruments supplier’s stock after purchasing an additional 32,720 shares during the quarter. State of New Jersey Common Pension Fund D owned approximately 0.06% of DENTSPLY SIRONA worth $2,110,000 at the end of the most recent quarter.

Other institutional investors have also recently made changes to their positions in the company. Capital Performance Advisors LLP purchased a new stake in shares of DENTSPLY SIRONA during the third quarter valued at approximately $27,000. Kennebec Savings Bank purchased a new stake in DENTSPLY SIRONA in the third quarter worth $35,000. MassMutual Private Wealth & Trust FSB lifted its stake in DENTSPLY SIRONA by 648.4% in the fourth quarter. MassMutual Private Wealth & Trust FSB now owns 1,422 shares of the medical instruments supplier’s stock worth $27,000 after acquiring an additional 1,232 shares during the period. UMB Bank n.a. lifted its stake in DENTSPLY SIRONA by 60.8% in the fourth quarter. UMB Bank n.a. now owns 1,492 shares of the medical instruments supplier’s stock worth $28,000 after acquiring an additional 564 shares during the period. Finally, Van ECK Associates Corp purchased a new stake in DENTSPLY SIRONA in the third quarter worth $42,000. Hedge funds and other institutional investors own 95.70% of the company’s stock.

DENTSPLY SIRONA Price Performance

Shares of NASDAQ:XRAY opened at $18.75 on Friday. DENTSPLY SIRONA Inc. has a 1-year low of $17.21 and a 1-year high of $34.91. The company has a debt-to-equity ratio of 0.72, a current ratio of 1.25 and a quick ratio of 0.84. The business has a fifty day moving average price of $18.92 and a 200-day moving average price of $21.69. The company has a market capitalization of $3.73 billion, a PE ratio of -9.06, a PEG ratio of 1.80 and a beta of 0.96.

DENTSPLY SIRONA Announces Dividend

The business also recently declared a quarterly dividend, which was paid on Friday, January 10th. Stockholders of record on Friday, December 27th were issued a dividend of $0.16 per share. The ex-dividend date of this dividend was Friday, December 27th. This represents a $0.64 annualized dividend and a dividend yield of 3.41%. DENTSPLY SIRONA’s payout ratio is presently -30.92%.

Analysts Set New Price Targets

A number of brokerages recently commented on XRAY. Leerink Partnrs lowered DENTSPLY SIRONA from a “strong-buy” rating to a “hold” rating in a research note on Thursday, November 7th. Morgan Stanley dropped their price target on DENTSPLY SIRONA from $30.00 to $23.00 and set an “overweight” rating for the company in a research note on Tuesday, December 17th. Leerink Partners lowered DENTSPLY SIRONA from an “outperform” rating to a “market perform” rating in a research note on Thursday, November 7th. Robert W. Baird dropped their price target on DENTSPLY SIRONA from $31.00 to $24.00 and set a “neutral” rating for the company in a research note on Friday, November 8th. Finally, StockNews.com raised DENTSPLY SIRONA from a “hold” rating to a “buy” rating in a research report on Tuesday, February 18th. Ten research analysts have rated the stock with a hold rating and five have given a buy rating to the stock. According to MarketBeat, the stock has a consensus rating of “Hold” and a consensus price target of $25.85.

DENTSPLY SIRONA Company Profile

DENTSPLY SIRONA Inc manufactures and sells various dental products and technologies worldwide. It operates in four segments: Connected Technology Solutions, Essential Dental Solutions, Orthodontic and Implant Solutions, and Wellspect Healthcare. The company offers dental equipment comprising imaging equipment, motorized dental handpieces, treatment centers, other instruments, amalgamators, mixing machines, and porcelain furnaces; and dental CAD/CAM technologies to support dental restorations, such as intraoral scanners, 3-D printers, mills, other software and services, and a full-chairside economical restoration of esthetic ceramic dentistry, as well as DS Core, its cloud-based platform.