DENTSPLY SIRONA Inc. (NASDAQ:XRAY) Stake Lowered by Nisa Investment Advisors LLC

Nisa Investment Advisors LLC lessened its holdings in DENTSPLY SIRONA Inc. (NASDAQ:XRAY) by 7.3% in the 1st quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The fund owned 50,402 shares of the medical instruments supplier’s stock after selling 3,995 shares during the period. Nisa Investment Advisors LLC’s holdings in DENTSPLY SIRONA were worth $761,000 at the end of the most recent reporting period.

Other institutional investors and hedge funds have also modified their holdings of the company. Mirae Asset Global Investments Co. Ltd. bought a new stake in DENTSPLY SIRONA during the first quarter worth about $25,000. Colonial Trust Co SC bought a new stake in DENTSPLY SIRONA during the fourth quarter worth about $26,000. Mitsubishi UFJ Asset Management Co. Ltd. grew its stake in DENTSPLY SIRONA by 700.0% during the fourth quarter. Mitsubishi UFJ Asset Management Co. Ltd. now owns 1,792 shares of the medical instruments supplier’s stock worth $33,000 after buying an additional 1,568 shares during the last quarter. True Wealth Design LLC grew its stake in DENTSPLY SIRONA by 866.7% during the fourth quarter. True Wealth Design LLC now owns 2,175 shares of the medical instruments supplier’s stock worth $41,000 after buying an additional 1,950 shares during the last quarter. Finally, Quarry LP grew its stake in DENTSPLY SIRONA by 25.7% during the fourth quarter. Quarry LP now owns 3,816 shares of the medical instruments supplier’s stock worth $72,000 after buying an additional 780 shares during the last quarter. Institutional investors and hedge funds own 95.70% of the company’s stock.

Analyst Upgrades and Downgrades

A number of equities analysts have recently issued reports on XRAY shares. Wall Street Zen upgraded shares of DENTSPLY SIRONA from a “hold” rating to a “buy” rating in a research report on Sunday. Piper Sandler cut their price objective on shares of DENTSPLY SIRONA from $20.00 to $16.00 and set a “neutral” rating on the stock in a report on Wednesday, April 30th. Morgan Stanley lowered shares of DENTSPLY SIRONA from an “overweight” rating to an “equal weight” rating and set a $14.00 price objective on the stock. in a report on Tuesday, April 15th. Barrington Research increased their price objective on shares of DENTSPLY SIRONA from $20.00 to $21.00 and gave the company an “outperform” rating in a report on Monday, May 12th. Finally, UBS Group cut their price objective on shares of DENTSPLY SIRONA from $27.00 to $25.00 and set a “buy” rating on the stock in a report on Friday, May 9th. Eleven analysts have rated the stock with a hold rating and three have given a buy rating to the stock. According to MarketBeat, the stock has an average rating of “Hold” and a consensus price target of $20.36.

DENTSPLY SIRONA Trading Down 0.5%

XRAY opened at $15.92 on Wednesday. The firm’s fifty day moving average is $16.04 and its two-hundred day moving average is $16.34. The company has a debt-to-equity ratio of 0.79, a quick ratio of 0.76 and a current ratio of 1.10. The firm has a market cap of $3.17 billion, a PE ratio of -3.51, a price-to-earnings-growth ratio of 1.14 and a beta of 0.94. DENTSPLY SIRONA Inc. has a twelve month low of $12.16 and a twelve month high of $27.95.

DENTSPLY SIRONA (NASDAQ:XRAY) last released its earnings results on Thursday, May 8th. The medical instruments supplier reported $0.43 earnings per share for the quarter, beating analysts’ consensus estimates of $0.29 by $0.14. DENTSPLY SIRONA had a negative net margin of 24.42% and a positive return on equity of 14.31%. The business had revenue of $879.00 million during the quarter, compared to the consensus estimate of $854.75 million. During the same quarter last year, the firm earned $0.42 earnings per share. The firm’s revenue for the quarter was down 7.8% compared to the same quarter last year. Equities research analysts anticipate that DENTSPLY SIRONA Inc. will post 1.84 EPS for the current year.

DENTSPLY SIRONA Dividend Announcement

The company also recently announced a quarterly dividend, which was paid on Friday, July 11th. Stockholders of record on Friday, June 27th were paid a dividend of $0.16 per share. The ex-dividend date was Friday, June 27th. This represents a $0.64 dividend on an annualized basis and a dividend yield of 4.02%. DENTSPLY SIRONA’s dividend payout ratio (DPR) is currently -14.10%.

DENTSPLY SIRONA 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.