Asset Management One Co. Ltd. boosted its holdings in shares of DENTSPLY SIRONA Inc (NASDAQ:XRAY) by 7.8% during the 2nd quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 113,868 shares of the medical instruments supplier’s stock after buying an additional 8,259 shares during the period. Asset Management One Co. Ltd. owned approximately 0.05% of DENTSPLY SIRONA worth $6,646,000 as of its most recent SEC filing.
A number of other institutional investors and hedge funds have also added to or reduced their stakes in XRAY. Eagle Asset Management Inc. raised its holdings in DENTSPLY SIRONA by 2,650.9% during the second quarter. Eagle Asset Management Inc. now owns 952,733 shares of the medical instruments supplier’s stock worth $55,601,000 after buying an additional 918,100 shares during the last quarter. Robeco Institutional Asset Management B.V. grew its position in DENTSPLY SIRONA by 1,307.0% during the second quarter. Robeco Institutional Asset Management B.V. now owns 886,027 shares of the medical instruments supplier’s stock valued at $51,713,000 after buying an additional 823,052 shares during the period. Carillon Tower Advisers Inc. bought a new position in DENTSPLY SIRONA during the second quarter valued at about $42,069,000. BlackRock Inc. boosted its position in DENTSPLY SIRONA by 3.2% during the second quarter. BlackRock Inc. now owns 14,735,875 shares of the medical instruments supplier’s stock worth $859,985,000 after purchasing an additional 458,934 shares during the period. Finally, Columbus Circle Investors bought a new position in DENTSPLY SIRONA during the second quarter worth about $25,853,000. Hedge funds and other institutional investors own 94.67% of the company’s stock.
A number of equities analysts have weighed in on XRAY shares. BidaskClub upgraded shares of DENTSPLY SIRONA from a “strong sell” rating to a “sell” rating in a research report on Tuesday. Wellington Shields raised shares of DENTSPLY SIRONA from a “hold” rating to a “gradually accumulate” rating in a report on Friday, August 2nd. Evercore ISI assumed coverage on shares of DENTSPLY SIRONA in a report on Friday, July 26th. They issued an “in-line” rating on the stock. HC Wainwright reissued a “neutral” rating and issued a $57.00 price target (up from $55.00) on shares of DENTSPLY SIRONA in a report on Tuesday, July 9th. Finally, Barrington Research reissued a “buy” rating and issued a $63.00 price target on shares of DENTSPLY SIRONA in a report on Monday, August 5th. One analyst has rated the stock with a sell rating, eight have assigned a hold rating and four have given a buy rating to the company’s stock. The company currently has a consensus rating of “Hold” and an average price target of $54.57.
Shares of NASDAQ XRAY opened at $52.88 on Friday. DENTSPLY SIRONA Inc has a one year low of $33.93 and a one year high of $59.40. The company has a debt-to-equity ratio of 0.30, a current ratio of 2.08 and a quick ratio of 1.39. The firm’s 50 day simple moving average is $51.93 and its two-hundred day simple moving average is $53.26. The stock has a market capitalization of $11.93 billion, a P/E ratio of 25.22, a PEG ratio of 1.91 and a beta of 0.99.
DENTSPLY SIRONA (NASDAQ:XRAY) last issued its earnings results on Friday, August 2nd. The medical instruments supplier reported $0.66 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.62 by $0.04. DENTSPLY SIRONA had a net margin of 2.67% and a return on equity of 9.19%. The firm had revenue of $1.01 billion for the quarter, compared to analysts’ expectations of $1.04 billion. During the same quarter last year, the business earned $0.60 earnings per share. The business’s revenue was down 3.1% on a year-over-year basis. As a group, equities analysts expect that DENTSPLY SIRONA Inc will post 2.39 earnings per share for the current fiscal year.
The company also recently announced a quarterly dividend, which will be paid on Friday, October 11th. Stockholders of record on Friday, September 27th will be issued a $0.10 dividend. This is a boost from DENTSPLY SIRONA’s previous quarterly dividend of $0.09. The ex-dividend date is Thursday, September 26th. This represents a $0.40 annualized dividend and a dividend yield of 0.76%. DENTSPLY SIRONA’s dividend payout ratio (DPR) is currently 17.41%.
DENTSPLY SIRONA Company Profile
DENTSPLY SIRONA Inc designs, develops, manufactures, and markets various dental and oral health products, and other consumable healthcare products primarily for the professional dental market worldwide. The company operates in two segments, Technologies & Equipment; and Consumables. Its dental supplies include endodontic instruments and materials, dental anesthetics, prophylaxis pastes, dental sealants, impression materials, restorative materials, tooth whiteners, and topical fluoride products; and small equipment products comprise dental hand pieces, intraoral curing light systems, dental diagnostic systems, and ultrasonic scalers and polishers.
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