DENTSPLY SIRONA Inc. (NASDAQ:XRAY) Shares Sold by Handelsbanken Fonder AB

Handelsbanken Fonder AB reduced its stake in shares of DENTSPLY SIRONA Inc. (NASDAQ:XRAY) by 9.4% during the 4th quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The firm owned 61,700 shares of the medical instruments supplier’s stock after selling 6,400 shares during the quarter. Handelsbanken Fonder AB’s holdings in DENTSPLY SIRONA were worth $1,171,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other hedge funds also recently added to or reduced their stakes in the stock. Nordea Investment Management AB raised its stake in shares of DENTSPLY SIRONA by 245.0% during the 4th quarter. Nordea Investment Management AB now owns 251,556 shares of the medical instruments supplier’s stock worth $4,754,000 after buying an additional 178,639 shares during the last quarter. JPMorgan Chase & Co. raised its position in DENTSPLY SIRONA by 206.3% during the third quarter. JPMorgan Chase & Co. now owns 1,847,389 shares of the medical instruments supplier’s stock worth $49,990,000 after acquiring an additional 1,244,326 shares during the last quarter. Barclays PLC lifted its holdings in shares of DENTSPLY SIRONA by 21.8% in the third quarter. Barclays PLC now owns 306,809 shares of the medical instruments supplier’s stock valued at $8,301,000 after purchasing an additional 54,920 shares in the last quarter. Canvas Wealth Advisors LLC grew its position in shares of DENTSPLY SIRONA by 126.5% in the fourth quarter. Canvas Wealth Advisors LLC now owns 326,298 shares of the medical instruments supplier’s stock valued at $6,245,000 after purchasing an additional 182,234 shares during the last quarter. Finally, Quantinno Capital Management LP increased its stake in shares of DENTSPLY SIRONA by 276.5% during the 3rd quarter. Quantinno Capital Management LP now owns 116,808 shares of the medical instruments supplier’s stock worth $3,161,000 after purchasing an additional 85,787 shares in the last quarter. 95.70% of the stock is owned by hedge funds and other institutional investors.

DENTSPLY SIRONA Stock Down 8.8 %

Shares of DENTSPLY SIRONA stock opened at $17.15 on Friday. DENTSPLY SIRONA Inc. has a 1-year low of $17.09 and a 1-year high of $34.91. The company has a market capitalization of $3.41 billion, a PE ratio of -8.28, a P/E/G ratio of 1.80 and a beta of 0.96. 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 50-day moving average of $18.90 and a 200-day moving average of $21.58.

DENTSPLY SIRONA Dividend Announcement

The business also recently disclosed a quarterly dividend, which will be paid on Friday, April 11th. Shareholders of record on Friday, March 28th will be issued a dividend of $0.16 per share. This represents a $0.64 annualized dividend and a yield of 3.73%. DENTSPLY SIRONA’s dividend payout ratio is currently -30.92%.

Analysts Set New Price Targets

Several equities analysts have weighed in on the company. Leerink Partnrs downgraded DENTSPLY SIRONA from a “strong-buy” rating to a “hold” rating in a research report on Thursday, November 7th. Robert W. Baird cut their price objective on shares of DENTSPLY SIRONA from $31.00 to $24.00 and set a “neutral” rating for the company in a research report on Friday, November 8th. Leerink Partners lowered shares of DENTSPLY SIRONA from an “outperform” rating to a “market perform” rating in a research report on Thursday, November 7th. Needham & Company LLC reiterated a “buy” rating and issued a $25.00 price target on shares of DENTSPLY SIRONA in a report on Tuesday, February 11th. Finally, Morgan Stanley decreased their price objective on DENTSPLY SIRONA from $30.00 to $23.00 and set an “overweight” rating on the stock in a report on Tuesday, December 17th. Ten investment analysts have rated the stock with a hold rating and five have assigned a buy rating to the stock. Based on data from MarketBeat, DENTSPLY SIRONA presently has a consensus rating of “Hold” and an average price target of $24.50.

About DENTSPLY SIRONA

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.