Kentucky Retirement Systems Insurance Trust Fund Sells 556 Shares of DENTSPLY SIRONA Inc. (NASDAQ:XRAY)

Kentucky Retirement Systems Insurance Trust Fund lessened its holdings in DENTSPLY SIRONA Inc. (NASDAQ:XRAY) by 7.4% during the first quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The firm owned 6,992 shares of the medical instruments supplier’s stock after selling 556 shares during the period. Kentucky Retirement Systems Insurance Trust Fund’s holdings in DENTSPLY SIRONA were worth $232,000 as of its most recent filing with the Securities and Exchange Commission.

Other large investors have also added to or reduced their stakes in the company. Mitsubishi UFJ Asset Management Co. Ltd. boosted its stake in DENTSPLY SIRONA by 44.2% in the first quarter. Mitsubishi UFJ Asset Management Co. Ltd. now owns 141,117 shares of the medical instruments supplier’s stock valued at $4,684,000 after buying an additional 43,230 shares in the last quarter. Seven Eight Capital LP bought a new position in shares of DENTSPLY SIRONA during the first quarter worth about $1,409,000. Illinois Municipal Retirement Fund raised its position in shares of DENTSPLY SIRONA by 369.9% during the first quarter. Illinois Municipal Retirement Fund now owns 123,580 shares of the medical instruments supplier’s stock worth $4,102,000 after acquiring an additional 97,281 shares during the last quarter. Intech Investment Management LLC bought a new position in shares of DENTSPLY SIRONA during the first quarter worth about $1,202,000. Finally, Duality Advisers LP bought a new position in shares of DENTSPLY SIRONA during the first quarter worth about $1,166,000. Institutional investors own 95.70% of the company’s stock.

Analyst Ratings Changes

A number of brokerages have weighed in on XRAY. Barrington Research reiterated an “outperform” rating and issued a $38.00 target price on shares of DENTSPLY SIRONA in a report on Monday, July 8th. Needham & Company LLC lowered their target price on DENTSPLY SIRONA from $42.00 to $36.00 and set a “buy” rating on the stock in a research note on Friday, May 3rd. The Goldman Sachs Group lowered their target price on DENTSPLY SIRONA from $34.00 to $30.00 and set a “neutral” rating on the stock in a research note on Monday, May 6th. Piper Sandler restated a “neutral” rating and issued a $32.00 target price (down from $35.00) on shares of DENTSPLY SIRONA in a research note on Friday, May 3rd. Finally, StockNews.com lowered DENTSPLY SIRONA from a “buy” rating to a “hold” rating in a research note on Friday, May 3rd. Five equities research analysts have rated the stock with a hold rating and seven have assigned a buy rating to the company’s stock. Based on data from MarketBeat, DENTSPLY SIRONA currently has a consensus rating of “Moderate Buy” and an average price target of $33.67.

DENTSPLY SIRONA Trading Down 0.0 %

NASDAQ XRAY traded down $0.01 during trading on Monday, reaching $26.40. The company’s stock had a trading volume of 1,126,779 shares, compared to its average volume of 3,091,032. The firm has a fifty day moving average of $26.32 and a 200 day moving average of $30.34. DENTSPLY SIRONA Inc. has a one year low of $23.94 and a one year high of $41.56. The company has a debt-to-equity ratio of 0.54, a current ratio of 1.43 and a quick ratio of 0.97.

DENTSPLY SIRONA (NASDAQ:XRAY) last posted its quarterly earnings data on Thursday, May 2nd. The medical instruments supplier reported $0.42 earnings per share (EPS) for the quarter, hitting analysts’ consensus estimates of $0.42. The firm had revenue of $953.00 million during the quarter, compared to analysts’ expectations of $969.45 million. DENTSPLY SIRONA had a positive return on equity of 11.54% and a negative net margin of 2.41%. The company’s revenue for the quarter was down 2.6% compared to the same quarter last year. During the same period in the prior year, the business earned $0.39 EPS. On average, equities research analysts anticipate that DENTSPLY SIRONA Inc. will post 2.02 EPS for the current year.

DENTSPLY SIRONA Announces Dividend

The business also recently announced a quarterly dividend, which was paid on Friday, July 12th. Investors of record on Friday, June 28th were issued a dividend of $0.16 per share. This represents a $0.64 annualized dividend and a yield of 2.42%. The ex-dividend date of this dividend was Friday, June 28th. DENTSPLY SIRONA’s dividend payout ratio is presently -145.45%.

Insider Activity at DENTSPLY SIRONA

In related news, Director Gregory T. Lucier bought 3,577 shares of the company’s stock in a transaction that occurred on Friday, May 31st. The stock was bought at an average cost of $27.95 per share, for a total transaction of $99,977.15. Following the acquisition, the director now directly owns 58,374 shares of the company’s stock, valued at approximately $1,631,553.30. The acquisition was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink. 0.52% of the stock is currently owned by company insiders.

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.