Public Employees Retirement System of Ohio lessened its holdings in DENTSPLY SIRONA Inc (NASDAQ:XRAY) by 1.5% in the 3rd quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The firm owned 196,655 shares of the medical instruments supplier’s stock after selling 3,034 shares during the period. Public Employees Retirement System of Ohio owned approximately 0.09% of DENTSPLY SIRONA worth $11,762,000 as of its most recent SEC filing.
Other hedge funds have also modified their holdings of the company. Vanguard Group Inc. raised its stake in DENTSPLY SIRONA by 2.5% during the 2nd quarter. Vanguard Group Inc. now owns 22,728,062 shares of the medical instruments supplier’s stock worth $1,473,688,000 after acquiring an additional 562,993 shares in the last quarter. Ruane Cunniff & Goldfarb Inc. raised its stake in DENTSPLY SIRONA by 0.5% during the 3rd quarter. Ruane Cunniff & Goldfarb Inc. now owns 8,890,655 shares of the medical instruments supplier’s stock worth $531,750,000 after acquiring an additional 40,767 shares in the last quarter. Principal Financial Group Inc. raised its stake in DENTSPLY SIRONA by 6.7% during the 3rd quarter. Principal Financial Group Inc. now owns 6,910,770 shares of the medical instruments supplier’s stock worth $413,333,000 after acquiring an additional 436,338 shares in the last quarter. Jackson Square Partners LLC raised its stake in DENTSPLY SIRONA by 15.6% during the 3rd quarter. Jackson Square Partners LLC now owns 6,334,906 shares of the medical instruments supplier’s stock worth $378,890,000 after acquiring an additional 855,199 shares in the last quarter. Finally, Veritas Asset Management LLP raised its stake in DENTSPLY SIRONA by 2.6% during the 2nd quarter. Veritas Asset Management LLP now owns 6,201,155 shares of the medical instruments supplier’s stock worth $402,083,000 after acquiring an additional 157,616 shares in the last quarter. 96.14% of the stock is owned by institutional investors.
A number of research firms have commented on XRAY. Zacks Investment Research lowered shares of DENTSPLY SIRONA from a “hold” rating to a “sell” rating in a research note on Monday. Credit Suisse Group lowered shares of DENTSPLY SIRONA to a “hold” rating and set a $73.00 price objective on the stock. in a research note on Friday, January 5th. JPMorgan Chase & Co. raised shares of DENTSPLY SIRONA from a “neutral” rating to an “overweight” rating and set a $75.00 target price on the stock in a report on Wednesday, December 13th. Deutsche Bank began coverage on shares of DENTSPLY SIRONA in a report on Friday, December 8th. They issued a “buy” rating and a $81.00 target price on the stock. Finally, HC Wainwright reaffirmed a “hold” rating and issued a $68.00 target price on shares of DENTSPLY SIRONA in a report on Thursday, December 7th. Two equities research analysts have rated the stock with a sell rating, four have issued a hold rating and nine have given a buy rating to the stock. DENTSPLY SIRONA currently has an average rating of “Hold” and a consensus target price of $69.15.
DENTSPLY SIRONA Inc (NASDAQ XRAY) traded up $1.49 during trading hours on Thursday, hitting $64.25. 6,594,941 shares of the stock were exchanged, compared to its average volume of 2,541,180. The company has a current ratio of 2.32, a quick ratio of 1.59 and a debt-to-equity ratio of 0.21. The firm has a market capitalization of $14,760.00, a price-to-earnings ratio of -18.46, a PEG ratio of 2.49 and a beta of 1.31. DENTSPLY SIRONA Inc has a twelve month low of $52.53 and a twelve month high of $68.98.
DENTSPLY SIRONA (NASDAQ:XRAY) last posted its quarterly earnings data on Friday, November 3rd. The medical instruments supplier reported $0.70 earnings per share for the quarter, beating analysts’ consensus estimates of $0.66 by $0.04. DENTSPLY SIRONA had a negative net margin of 20.33% and a positive return on equity of 7.56%. The business had revenue of $1.01 billion during the quarter, compared to analyst estimates of $978.99 million. During the same quarter in the previous year, the business posted $0.66 earnings per share. The company’s revenue was up 5.8% on a year-over-year basis. equities analysts expect that DENTSPLY SIRONA Inc will post 2.65 earnings per share for the current year.
The business also recently declared a quarterly dividend, which will be paid on Friday, January 12th. Investors of record on Friday, December 29th will be given a dividend of $0.0875 per share. This represents a $0.35 annualized dividend and a yield of 0.54%. The ex-dividend date of this dividend is Thursday, December 28th. DENTSPLY SIRONA’s dividend payout ratio (DPR) is -10.06%.
In other DENTSPLY SIRONA news, CFO Nicholas W. Alexos acquired 50,000 shares of the company’s stock in a transaction dated Monday, November 13th. The stock was bought at an average price of $65.85 per share, with a total value of $3,292,500.00. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this link. Also, Director Francis J. Lunger sold 8,900 shares of the stock in a transaction on Monday, November 13th. The stock was sold at an average price of $65.90, for a total transaction of $586,510.00. The disclosure for this sale can be found here. Corporate insiders own 1.99% of the company’s stock.
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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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