Janus Henderson Group PLC Reduces Position in DENTSPLY SIRONA Inc. (XRAY)

Janus Henderson Group PLC lessened its holdings in DENTSPLY SIRONA Inc. (NASDAQ:XRAY) by 1.5% in the second quarter, according to its most recent filing with the SEC. The institutional investor owned 426,189 shares of the medical instruments supplier’s stock after selling 6,616 shares during the period. Janus Henderson Group PLC owned 0.19% of DENTSPLY SIRONA worth $27,634,000 as of its most recent SEC filing.

Other hedge funds have also modified their holdings of the company. Commonwealth Bank of Australia increased its stake in DENTSPLY SIRONA by 19.0% in the 2nd quarter. Commonwealth Bank of Australia now owns 1,626 shares of the medical instruments supplier’s stock worth $104,000 after buying an additional 260 shares in the last quarter. Acrospire Investment Management LLC purchased a new stake in DENTSPLY SIRONA in the 2nd quarter worth $113,000. Dupont Capital Management Corp purchased a new stake in DENTSPLY SIRONA in the 2nd quarter worth $116,000. Korea Investment CORP increased its stake in DENTSPLY SIRONA by 139.9% in the 2nd 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 in the last quarter. Finally, Sphera Funds Management LTD. purchased a new stake in DENTSPLY SIRONA in the 2nd quarter worth $162,000. Institutional investors and hedge funds own 93.89% of the company’s stock.

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DENTSPLY SIRONA Inc. (XRAY) opened at 61.35 on Friday. The stock’s 50 day moving average price is $58.85 and its 200-day moving average price is $60.97. DENTSPLY SIRONA Inc. has a 12 month low of $52.54 and a 12 month high of $65.68. The stock’s market cap is $14.08 billion.

DENTSPLY SIRONA (NASDAQ:XRAY) last released its earnings results on Wednesday, August 9th. The medical instruments supplier reported $0.65 EPS for the quarter, hitting analysts’ consensus estimates of $0.65. The business had revenue of $992.70 million during the quarter, compared to analysts’ expectations of $1 billion. DENTSPLY SIRONA had a negative net margin of 20.57% and a positive return on equity of 7.24%. The company’s quarterly revenue was down 2.9% on a year-over-year basis. During the same quarter in the previous year, the company earned $0.76 earnings per share. Equities analysts expect that DENTSPLY SIRONA Inc. will post $2.68 EPS for the current year.

XRAY has been the subject of a number of analyst reports. BidaskClub lowered DENTSPLY SIRONA from a “sell” rating to a “strong sell” rating in a research note on Wednesday, August 16th. Zacks Investment Research upgraded DENTSPLY SIRONA from a “sell” rating to a “hold” rating in a research note on Friday, October 20th. Cleveland Research lowered DENTSPLY SIRONA from a “buy” rating to a “neutral” rating in a research note on Thursday, October 5th. Credit Suisse Group reiterated an “outperform” rating and issued a $75.00 price target (up previously from $67.00) on shares of DENTSPLY SIRONA in a research note on Thursday, July 13th. Finally, UBS AG reiterated a “neutral” rating and issued a $59.00 price target (down previously from $62.00) on shares of DENTSPLY SIRONA in a research note on Thursday, August 10th. Two research analysts have rated the stock with a sell rating, four have given a hold rating and six have assigned a buy rating to the company’s stock. DENTSPLY SIRONA currently has a consensus rating of “Hold” and a consensus target price of $65.60.

DENTSPLY SIRONA Company Profile

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.

Institutional Ownership by Quarter for DENTSPLY SIRONA (NASDAQ:XRAY)

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