Brokerages Set DENTSPLY SIRONA Inc. (NASDAQ:XRAY) Target Price at $23.33

Shares of DENTSPLY SIRONA Inc. (NASDAQ:XRAY) have been assigned an average recommendation of “Hold” from the fourteen brokerages that are currently covering the firm, Marketbeat.com reports. Eleven analysts have rated the stock with a hold recommendation and three have assigned a buy recommendation to the company. The average 12 month price objective among brokerages that have issued ratings on the stock in the last year is $23.33.

Several equities research analysts recently weighed in on the company. Wells Fargo & Company reduced their target price on DENTSPLY SIRONA from $20.00 to $19.00 and set an “equal weight” rating for the company in a report on Friday, February 28th. Robert W. Baird reduced their price objective on shares of DENTSPLY SIRONA from $22.00 to $20.00 and set a “neutral” rating for the company in a research note on Friday, February 28th. Barrington Research lowered their target price on shares of DENTSPLY SIRONA from $24.00 to $20.00 and set an “outperform” rating on the stock in a research note on Friday, February 28th. Evercore ISI reiterated an “in-line” rating and issued a $20.00 target price on shares of DENTSPLY SIRONA in a report on Tuesday, January 7th. Finally, Needham & Company LLC restated a “hold” rating on shares of DENTSPLY SIRONA in a report on Thursday, March 13th.

Insider Buying and Selling at DENTSPLY SIRONA

In other DENTSPLY SIRONA news, Director Gregory T. Lucier purchased 15,142 shares of the stock in a transaction on Monday, March 3rd. The shares were purchased at an average price of $16.51 per share, with a total value of $249,994.42. Following the acquisition, the director now directly owns 81,971 shares of the company’s stock, valued at $1,353,341.21. This represents a 22.66 % increase in their position. The transaction was disclosed in a filing with the SEC, which is accessible through this link. Insiders own 0.52% of the company’s stock.

Institutional Trading of DENTSPLY SIRONA

Institutional investors have recently made changes to their positions in the business. Riverview Trust Co acquired a new position in DENTSPLY SIRONA in the fourth quarter worth about $26,000. Colonial Trust Co SC bought a new stake in shares of DENTSPLY SIRONA in the 4th quarter valued at approximately $26,000. MassMutual Private Wealth & Trust FSB raised its holdings in shares of DENTSPLY SIRONA by 648.4% in the 4th quarter. MassMutual Private Wealth & Trust FSB now owns 1,422 shares of the medical instruments supplier’s stock worth $27,000 after buying an additional 1,232 shares in the last quarter. UMB Bank n.a. lifted its position in shares of DENTSPLY SIRONA by 60.8% during the 4th quarter. UMB Bank n.a. now owns 1,492 shares of the medical instruments supplier’s stock worth $28,000 after buying an additional 564 shares during the period. Finally, Mitsubishi UFJ Asset Management Co. Ltd. boosted its stake in DENTSPLY SIRONA by 700.0% in the 4th quarter. Mitsubishi UFJ Asset Management Co. Ltd. now owns 1,792 shares of the medical instruments supplier’s stock valued at $33,000 after buying an additional 1,568 shares in the last quarter. 95.70% of the stock is currently owned by institutional investors and hedge funds.

DENTSPLY SIRONA Price Performance

Shares of NASDAQ:XRAY opened at $14.93 on Wednesday. The stock has a market capitalization of $2.97 billion, a P/E ratio of -7.21, a P/E/G ratio of 1.80 and a beta of 0.98. The business has a 50-day moving average of $17.62 and a two-hundred day moving average of $20.16. DENTSPLY SIRONA has a fifty-two week low of $14.78 and a fifty-two week high of $33.22. The company has a debt-to-equity ratio of 0.72, a current ratio of 1.25 and a quick ratio of 0.84.

DENTSPLY SIRONA Announces Dividend

The company also recently declared a quarterly dividend, which will be paid on Friday, April 11th. Investors of record on Friday, March 28th will be paid a dividend of $0.16 per share. The ex-dividend date is Friday, March 28th. This represents a $0.64 annualized dividend and a yield of 4.29%. DENTSPLY SIRONA’s dividend payout ratio is -14.07%.

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.