Entropy Technologies LP Purchases Shares of 33,219 DENTSPLY SIRONA Inc. (NASDAQ:XRAY)

Entropy Technologies LP acquired a new position in DENTSPLY SIRONA Inc. (NASDAQ:XRAY) in the fourth quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The fund acquired 33,219 shares of the medical instruments supplier’s stock, valued at approximately $630,000.

A number of other institutional investors also recently made changes to their positions in the business. Nordea Investment Management AB lifted its stake in DENTSPLY SIRONA by 245.0% in the fourth quarter. Nordea Investment Management AB now owns 251,556 shares of the medical instruments supplier’s stock worth $4,754,000 after purchasing an additional 178,639 shares during the last quarter. JPMorgan Chase & Co. lifted its stake in shares of DENTSPLY SIRONA by 206.3% in the 3rd quarter. JPMorgan Chase & Co. now owns 1,847,389 shares of the medical instruments supplier’s stock valued at $49,990,000 after acquiring an additional 1,244,326 shares during the last quarter. Barclays PLC boosted its holdings in DENTSPLY SIRONA by 21.8% during the 3rd quarter. Barclays PLC now owns 306,809 shares of the medical instruments supplier’s stock valued at $8,301,000 after acquiring an additional 54,920 shares during the period. Quantinno Capital Management LP grew its position in 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 acquiring an additional 85,787 shares during the last quarter. Finally, VELA Investment Management LLC purchased a new position in DENTSPLY SIRONA in the 3rd quarter worth approximately $2,168,000. Hedge funds and other institutional investors own 95.70% of the company’s stock.

DENTSPLY SIRONA Trading Down 1.0 %

XRAY opened at $18.28 on Wednesday. The company has a quick ratio of 0.84, a current ratio of 1.25 and a debt-to-equity ratio of 0.72. DENTSPLY SIRONA Inc. has a 52 week low of $17.21 and a 52 week high of $34.91. The stock has a market cap of $3.63 billion, a PE ratio of -8.83, a PEG ratio of 1.83 and a beta of 0.96. The business has a 50 day moving average of $19.06 and a 200-day moving average of $22.07.

DENTSPLY SIRONA Announces Dividend

The firm also recently announced 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. This represents a $0.64 dividend on an annualized basis and a dividend yield of 3.50%. The ex-dividend date was Friday, December 27th. DENTSPLY SIRONA’s dividend payout ratio (DPR) is presently -30.92%.

Analyst Ratings Changes

A number of research firms have recently weighed in on XRAY. Barrington Research dropped their price objective on DENTSPLY SIRONA from $36.00 to $24.00 and set an “outperform” rating for the company in a research note on Friday, November 8th. UBS Group dropped their price target on shares of DENTSPLY SIRONA from $35.00 to $27.00 and set a “buy” rating for the company in a research report on Tuesday, December 3rd. Mizuho assumed coverage on shares of DENTSPLY SIRONA in a research report on Wednesday, December 4th. They issued a “neutral” rating and a $21.00 price objective on the stock. Evercore ISI reaffirmed an “in-line” rating and set a $20.00 price objective on shares of DENTSPLY SIRONA in a research note on Tuesday, January 7th. Finally, Jefferies Financial Group cut DENTSPLY SIRONA from a “buy” rating to a “hold” rating and cut their target price for the stock from $30.00 to $20.00 in a research note on Thursday, January 23rd. Nine investment analysts have rated the stock with a hold rating and five have assigned a buy rating to the company. Based on data from MarketBeat, the company currently has an average rating of “Hold” and a consensus target price of $26.33.

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.