Eagle Asset Management Inc. reduced its position in DENTSPLY SIRONA Inc. (NASDAQ:XRAY) by 1.3% in the second quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The fund owned 98,673 shares of the medical instruments supplier’s stock after selling 1,300 shares during the quarter. Eagle Asset Management Inc.’s holdings in DENTSPLY SIRONA were worth $6,397,000 as of its most recent filing with the Securities and Exchange Commission (SEC).
Other large investors have also recently added to or reduced their stakes in the company. Dupont Capital Management Corp purchased a new stake in DENTSPLY SIRONA in the second quarter worth $116,000. Korea Investment CORP increased its position in DENTSPLY SIRONA by 139.9% in the second quarter. Korea Investment CORP now owns 2,145 shares of the medical instruments supplier’s stock worth $139,000 after buying an additional 1,251 shares during the last quarter. Penserra Capital Management LLC increased its position in DENTSPLY SIRONA by 9.5% in the first quarter. Penserra Capital Management LLC now owns 2,760 shares of the medical instruments supplier’s stock worth $172,000 after buying an additional 240 shares during the last quarter. Meiji Yasuda Asset Management Co Ltd. purchased a new stake in DENTSPLY SIRONA in the second quarter worth $203,000. Finally, Ballentine Partners LLC purchased a new stake in DENTSPLY SIRONA in the second quarter worth $203,000. 93.87% of the stock is owned by institutional investors and hedge funds.
A number of research firms have issued reports on XRAY. BidaskClub downgraded DENTSPLY SIRONA from a “buy” rating to a “hold” rating in a research report on Wednesday, July 19th. Zacks Investment Research raised DENTSPLY SIRONA from a “hold” rating to a “buy” rating and set a $72.00 price target for the company in a report on Thursday, July 13th. Credit Suisse Group reaffirmed an “outperform” rating and issued a $75.00 price target (up from $67.00) on shares of DENTSPLY SIRONA in a report on Thursday, July 13th. HC Wainwright assumed coverage on DENTSPLY SIRONA in a report on Tuesday, July 11th. They issued a “buy” rating and a $74.00 price target for the company. Finally, TheStreet lowered DENTSPLY SIRONA from a “b” rating to a “c+” rating in a report on Wednesday, August 9th. Three investment analysts have rated the stock with a sell rating, two have issued a hold rating and seven have issued a buy rating to the stock. The stock has an average rating of “Hold” and a consensus price target of $65.80.
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Shares of DENTSPLY SIRONA Inc. (XRAY) opened at 58.53 on Friday. The company’s 50-day moving average price is $56.98 and its 200 day moving average price is $61.67. DENTSPLY SIRONA Inc. has a 1-year low of $52.54 and a 1-year high of $65.68. The company’s market cap is $13.43 billion.
DENTSPLY SIRONA (NASDAQ:XRAY) last issued its quarterly earnings results on Wednesday, August 9th. The medical instruments supplier reported $0.65 earnings per share (EPS) for the quarter, hitting the Zacks’ consensus estimate of $0.65. DENTSPLY SIRONA had a positive return on equity of 7.24% and a negative net margin of 20.57%. The business had revenue of $992.70 million during the quarter, compared to analyst estimates of $1 billion. During the same quarter in the prior year, the business posted $0.76 EPS. DENTSPLY SIRONA’s revenue for the quarter was down 2.9% compared to the same quarter last year. On average, analysts predict that DENTSPLY SIRONA Inc. will post $2.68 earnings per share for the current fiscal year.
The firm also recently declared a quarterly dividend, which will be paid on Friday, October 13th. Shareholders of record on Friday, September 29th will be paid a $0.0875 dividend. The ex-dividend date is Thursday, September 28th. This represents a $0.35 dividend on an annualized basis and a yield of 0.60%. DENTSPLY SIRONA’s payout ratio is presently -10.09%.
About DENTSPLY SIRONA
DENTSPLY SIRONA Inc is a manufacturer of professional dental products and technologies. The Company develops, manufactures, and markets solutions offering, including dental and oral health products, as well as other consumable medical devices. It operates through two segments: Dental and Healthcare Consumables, and Technologies.
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