Envista (NYSE:NVST) Given “Neutral” Rating at Piper Sandler

Envista (NYSE:NVST)‘s stock had its “neutral” rating reiterated by stock analysts at Piper Sandler in a note issued to investors on Friday, September 18th, Benzinga reports. They presently have a $28.00 price objective on the stock. Piper Sandler’s target price indicates a potential upside of 17.07% from the company’s previous close.

NVST has been the subject of a number of other research reports. Weiss Ratings raised shares of Envista from a “hold (c-)” rating to a “hold (c)” rating in a research report on Thursday, August 6th. Mizuho set a $29.00 price objective on Envista in a research report on Thursday, August 6th. Wall Street Zen cut Envista from a “strong-buy” rating to a “buy” rating in a research note on Saturday, September 5th. Zacks Research raised Envista from a “hold” rating to a “strong-buy” rating in a research note on Friday, August 7th. Finally, Barclays lowered their price target on Envista from $34.00 to $32.00 and set an “overweight” rating for the company in a report on Thursday, June 11th. One investment analyst has rated the stock with a Strong Buy rating, seven have issued a Buy rating and nine have given a Hold rating to the company. Based on data from MarketBeat, the stock currently has an average rating of “Moderate Buy” and a consensus price target of $29.86.

Envista Price Performance

Shares of NVST stock traded down $0.15 during trading hours on Friday, reaching $23.92. The company had a trading volume of 3,245,265 shares, compared to its average volume of 2,928,130. Envista has a 12-month low of $18.77 and a 12-month high of $30.42. The company has a debt-to-equity ratio of 0.47, a quick ratio of 2.07 and a current ratio of 2.43. The company has a market capitalization of $3.84 billion, a price-to-earnings ratio of 41.24, a PEG ratio of 1.15 and a beta of 0.86. The stock has a fifty day moving average of $26.75 and a 200-day moving average of $25.91.

Envista (NYSE:NVST) last released its quarterly earnings data on Wednesday, August 5th. The company reported $0.41 earnings per share for the quarter, topping analysts’ consensus estimates of $0.34 by $0.07. Envista had a return on equity of 7.88% and a net margin of 3.33%.The company had revenue of $730.50 million for the quarter, compared to analyst estimates of $716.11 million. During the same quarter in the previous year, the company posted $0.26 earnings per share. The firm’s revenue for the quarter was up 7.1% compared to the same quarter last year. Envista has set its FY 2026 guidance at 1.500-1.550 EPS. On average, equities analysts anticipate that Envista will post 1.53 earnings per share for the current year.

Insider Buying and Selling

In other news, SVP Mischa Reis sold 8,000 shares of the company’s stock in a transaction on Thursday, August 20th. The shares were sold at an average price of $27.50, for a total value of $220,000.00. Following the completion of the transaction, the senior vice president owned 27,321 shares in the company, valued at approximately $751,327.50. This represents a 22.65% decrease in their position. The sale was disclosed in a filing with the SEC, which is accessible through this link. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. 0.99% of the stock is owned by corporate insiders.

Institutional Trading of Envista

A number of large investors have recently made changes to their positions in NVST. Parallel Advisors LLC lifted its stake in Envista by 16.9% in the first quarter. Parallel Advisors LLC now owns 3,710 shares of the company’s stock valued at $94,000 after buying an additional 535 shares during the last quarter. Tidal Investments LLC grew its position in shares of Envista by 2.4% during the second quarter. Tidal Investments LLC now owns 23,555 shares of the company’s stock worth $621,000 after acquiring an additional 547 shares during the last quarter. State of Michigan Retirement System increased its holdings in shares of Envista by 1.5% in the 1st quarter. State of Michigan Retirement System now owns 39,463 shares of the company’s stock worth $1,001,000 after acquiring an additional 600 shares during the period. Fox Run Management L.L.C. lifted its position in Envista by 1.8% in the 4th quarter. Fox Run Management L.L.C. now owns 43,982 shares of the company’s stock valued at $955,000 after purchasing an additional 767 shares during the last quarter. Finally, Allworth Financial LP boosted its stake in Envista by 75.4% during the 4th quarter. Allworth Financial LP now owns 1,805 shares of the company’s stock valued at $39,000 after purchasing an additional 776 shares during the period.

About Envista

Envista Holdings Corporation is a global dental products and technologies company headquartered in Brea, California. The company develops, manufactures and markets products used by dentists, dental specialists, dental laboratories and other oral-care professionals.

Envista’s portfolio includes dental imaging and diagnostic systems, digital dentistry and CAD/CAM solutions, dental implants, orthodontic brackets and wires, clear aligner products, endodontic instruments, restorative materials, infection-prevention products and other dental consumables.