Posted by admin on Aug 17th, 2022

Commerce Bank cut its stake in shares of DENTSPLY SIRONA Inc. (NASDAQ:XRAY – Get Rating) by 40.6% in the first quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The firm owned 10,886 shares of the medical instruments supplier’s stock after selling 7,437 shares during the quarter. Commerce Bank’s holdings in DENTSPLY SIRONA were worth $536,000 at the end of the most recent reporting period.

A number of other hedge funds also recently made changes to their positions in XRAY. SOA Wealth Advisors LLC. lifted its holdings in DENTSPLY SIRONA by 26,666.7% in the 1st quarter. SOA Wealth Advisors LLC. now owns 803 shares of the medical instruments supplier’s stock worth $39,000 after purchasing an additional 800 shares in the last quarter. Dixon Hughes Goodman Wealth Advisors LLC purchased a new position in DENTSPLY SIRONA in the 1st quarter worth approximately $79,000. Covestor Ltd purchased a new position in DENTSPLY SIRONA in the 4th quarter worth approximately $90,000. Wahed Invest LLC purchased a new position in DENTSPLY SIRONA in the 4th quarter worth approximately $145,000. Finally, Northwestern Mutual Wealth Management Co. lifted its holdings in DENTSPLY SIRONA by 96.8% in the 4th quarter. Northwestern Mutual Wealth Management Co. now owns 2,748 shares of the medical instruments supplier’s stock worth $154,000 after purchasing an additional 1,352 shares in the last quarter. 94.79% of the stock is currently owned by institutional investors.

XRAY opened at $36.78 on Wednesday. DENTSPLY SIRONA Inc. has a 12-month low of $33.78 and a 12-month high of $63.10. The company has a current ratio of 1.45, a quick ratio of 1.03 and a debt-to-equity ratio of 0.38. The business’s fifty day simple moving average is $36.12 and its 200-day simple moving average is $43.11. The company has a market capitalization of $7.92 billion, a price-to-earnings ratio of 21.76, a PEG ratio of 3.05 and a beta of 0.91.

The company also recently declared a quarterly dividend, which will be paid on Friday, October 14th. Stockholders of record on Friday, September 30th will be given a dividend of $0.125 per share. This represents a $0.50 dividend on an annualized basis and a dividend yield of 1.36%. The ex-dividend date of this dividend is Thursday, September 29th. DENTSPLY SIRONA’s payout ratio is 29.59%.

XRAY has been the topic of a number of research analyst reports. Morgan Stanley lowered their price target on DENTSPLY SIRONA from $48.00 to $44.00 and set an “overweight” rating on the stock in a report on Wednesday, July 20th. StockNews.com cut DENTSPLY SIRONA from a “buy” rating to a “hold” rating in a report on Monday. HC Wainwright cut their target price on DENTSPLY SIRONA from $58.00 to $48.00 and set a “hold” rating on the stock in a research report on Friday, April 22nd. William Blair downgraded DENTSPLY SIRONA from a “market perform” rating to an “underperform” rating in a research report on Friday, August 5th. Finally, UBS Group raised DENTSPLY SIRONA from a “neutral” rating to a “buy” rating and cut their target price for the company from $58.00 to $47.00 in a research report on Wednesday, June 1st. One equities research analyst has rated the stock with a sell rating, six have given a hold rating and three have assigned a buy rating to the stock. According to data from MarketBeat.com, the stock has an average rating of “Hold” and a consensus price target of $48.11.

DENTSPLY SIRONA Inc designs, develops, manufactures, distributes, and sells various dental products and technologies for professional dental market worldwide. It offers dental equipment, including treatment centers, imaging equipment, motorized dental handpieces, and other instruments; imaging equipment; treatment centers comprising basic dentist chairs, sophisticated chair-based units with integrated diagnostic, hygiene and ergonomic functionalities, and specialist centers; and lab equipment, such as amalgamators, mixing machines, and porcelain furnaces.

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