DENTSPLY SIRONA (NASDAQ:XRAY) Reaches New 52-Week Low – Here’s What Happened

DENTSPLY SIRONA Inc. (NASDAQ:XRAY) shares hit a new 52-week low during mid-day trading on Wednesday . The company traded as low as $15.47 and last traded at $15.45, with a volume of 431125 shares. The stock had previously closed at $15.91.

Wall Street Analyst Weigh In

Several brokerages recently commented on XRAY. Barrington Research reduced their target price on DENTSPLY SIRONA from $24.00 to $20.00 and set an “outperform” rating on the stock in a report on Friday, February 28th. Needham & Company LLC cut their price target on shares of DENTSPLY SIRONA from $25.00 to $23.00 and set a “buy” rating on the stock in a research report 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. Wells Fargo & Company cut their price target on DENTSPLY SIRONA from $20.00 to $19.00 and set an “equal weight” rating on the stock in a report on Friday, February 28th. Finally, Mizuho initiated coverage on shares of DENTSPLY SIRONA in a research note on Wednesday, December 4th. They issued a “neutral” rating and a $21.00 price objective for the company. Eleven analysts have rated the stock with a hold rating and four have given a buy rating to the stock. According to data from MarketBeat, the company has a consensus rating of “Hold” and a consensus target price of $23.58.

DENTSPLY SIRONA Price Performance

The company has a debt-to-equity ratio of 0.72, a current ratio of 1.25 and a quick ratio of 0.84. The business’s fifty day moving average price is $18.43 and its 200-day moving average price is $21.01. The stock has a market capitalization of $3.06 billion, a price-to-earnings ratio of -7.45, a PEG ratio of 1.80 and a beta of 0.98.

DENTSPLY SIRONA Announces Dividend

The business also recently declared a quarterly dividend, which will be paid on Friday, April 11th. Shareholders 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 dividend on an annualized basis and a yield of 4.17%. DENTSPLY SIRONA’s dividend payout ratio (DPR) is currently -14.07%.

Insider Transactions at DENTSPLY SIRONA

In related news, Director Gregory T. Lucier bought 15,142 shares of the business’s stock in a transaction that occurred on Monday, March 3rd. The shares were bought at an average price of $16.51 per share, with a total value of $249,994.42. Following the completion of the transaction, the director now directly owns 81,971 shares in the company, valued at approximately $1,353,341.21. This represents a 22.66 % increase in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which can be accessed through this link. Company insiders own 0.52% of the company’s stock.

Hedge Funds Weigh In On DENTSPLY SIRONA

Several large investors have recently bought and sold shares of XRAY. Riverview Trust Co purchased a new stake in shares of DENTSPLY SIRONA in the fourth quarter valued at about $26,000. Colonial Trust Co SC purchased a new position in DENTSPLY SIRONA during the fourth quarter worth about $26,000. Capital Performance Advisors LLP bought a new stake in DENTSPLY SIRONA in the 3rd quarter worth about $27,000. MassMutual Private Wealth & Trust FSB increased its stake in 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 valued at $27,000 after buying an additional 1,232 shares during the last quarter. Finally, UMB Bank n.a. grew its holdings in shares of DENTSPLY SIRONA by 60.8% in the fourth quarter. UMB Bank n.a. now owns 1,492 shares of the medical instruments supplier’s stock valued at $28,000 after acquiring an additional 564 shares in the last quarter. 95.70% of the stock is currently owned by institutional investors.

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.