Praxis Investment Management Inc. Sells 5,790 Shares of DENTSPLY SIRONA Inc. $XRAY

Praxis Investment Management Inc. cut its holdings in DENTSPLY SIRONA Inc. (NASDAQ:XRAY) by 32.1% during the 2nd quarter, Holdings Channel reports. The fund owned 12,220 shares of the medical instruments supplier’s stock after selling 5,790 shares during the period. Praxis Investment Management Inc.’s holdings in DENTSPLY SIRONA were worth $194,000 as of its most recent filing with the Securities and Exchange Commission.

Several other institutional investors have also added to or reduced their stakes in XRAY. Mirae Asset Global Investments Co. Ltd. bought a new position in DENTSPLY SIRONA in the first quarter worth approximately $25,000. Brooklyn Investment Group bought a new stake in shares of DENTSPLY SIRONA during the 1st quarter valued at $26,000. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. bought a new stake in shares of DENTSPLY SIRONA during the 1st quarter valued at $26,000. Trust Co. of Toledo NA OH bought a new stake in shares of DENTSPLY SIRONA during the 2nd quarter valued at $27,000. Finally, Caitong International Asset Management Co. Ltd raised its position in shares of DENTSPLY SIRONA by 8,003.6% during the 1st quarter. Caitong International Asset Management Co. Ltd now owns 2,269 shares of the medical instruments supplier’s stock valued at $34,000 after purchasing an additional 2,241 shares during the period. 95.70% of the stock is currently owned by institutional investors.

Analyst Upgrades and Downgrades

Several analysts have recently commented on the stock. Wells Fargo & Company decreased their price objective on shares of DENTSPLY SIRONA from $16.00 to $15.00 and set an “equal weight” rating on the stock in a research report on Friday, August 8th. UBS Group decreased their price objective on shares of DENTSPLY SIRONA from $25.00 to $24.00 and set a “buy” rating on the stock in a research report on Friday, August 8th. Stifel Nicolaus decreased their price objective on shares of DENTSPLY SIRONA from $19.00 to $17.00 and set a “hold” rating on the stock in a research report on Friday, August 8th. Evercore ISI decreased their price objective on shares of DENTSPLY SIRONA from $17.00 to $13.00 and set an “in-line” rating on the stock in a research report on Wednesday, October 8th. Finally, Barrington Research decreased their price objective on shares of DENTSPLY SIRONA from $21.00 to $18.00 and set an “outperform” rating on the stock in a research report on Friday, August 8th. Two investment analysts have rated the stock with a Buy rating, eleven have issued a Hold rating and one has issued a Sell rating to the stock. According to data from MarketBeat.com, the stock currently has a consensus rating of “Hold” and an average price target of $18.00.

DENTSPLY SIRONA Stock Performance

Shares of NASDAQ XRAY opened at $12.51 on Monday. The company has a debt-to-equity ratio of 1.13, a quick ratio of 1.11 and a current ratio of 1.69. The company has a market cap of $2.50 billion, a P/E ratio of -2.64, a P/E/G ratio of 0.78 and a beta of 0.96. The firm’s fifty day moving average is $13.38 and its two-hundred day moving average is $14.52. DENTSPLY SIRONA Inc. has a 52-week low of $11.69 and a 52-week high of $24.86.

DENTSPLY SIRONA (NASDAQ:XRAY) last announced its quarterly earnings results on Thursday, August 7th. The medical instruments supplier reported $0.52 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.50 by $0.02. DENTSPLY SIRONA had a negative net margin of 25.85% and a positive return on equity of 16.33%. The company had revenue of $936.00 million for the quarter, compared to the consensus estimate of $929.67 million. During the same period in the previous year, the firm posted $0.49 EPS. DENTSPLY SIRONA’s revenue for the quarter was down 4.9% compared to the same quarter last year. DENTSPLY SIRONA has set its FY 2025 guidance at 1.800-2.000 EPS. As a group, analysts anticipate that DENTSPLY SIRONA Inc. will post 1.84 EPS for the current fiscal year.

DENTSPLY SIRONA Announces Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Friday, October 10th. Shareholders of record on Friday, September 26th were paid a $0.16 dividend. This represents a $0.64 dividend on an annualized basis and a dividend yield of 5.1%. The ex-dividend date of this dividend was Friday, September 26th. DENTSPLY SIRONA’s dividend payout ratio (DPR) is presently -13.50%.

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.