DENTSPLY SIRONA Inc. (NASDAQ:XRAY) Shares Sold by State of Michigan Retirement System

State of Michigan Retirement System decreased its position in DENTSPLY SIRONA Inc. (NASDAQ:XRAY) by 13.9% in the 2nd quarter, HoldingsChannel reports. The institutional investor owned 50,000 shares of the medical instruments supplier’s stock after selling 8,060 shares during the period. State of Michigan Retirement System’s holdings in DENTSPLY SIRONA were worth $1,246,000 at the end of the most recent reporting period.

Several other large investors have also bought and sold shares of XRAY. Wahed Invest LLC lifted its holdings in DENTSPLY SIRONA by 9.3% in the 4th quarter. Wahed Invest LLC now owns 3,603 shares of the medical instruments supplier’s stock valued at $128,000 after acquiring an additional 306 shares during the last quarter. VisionPoint Advisory Group LLC lifted its stake in DENTSPLY SIRONA by 57.1% during the fourth quarter. VisionPoint Advisory Group LLC now owns 1,216 shares of the medical instruments supplier’s stock valued at $43,000 after purchasing an additional 442 shares during the last quarter. Raymond James Trust N.A. boosted its holdings in DENTSPLY SIRONA by 4.9% during the second quarter. Raymond James Trust N.A. now owns 9,658 shares of the medical instruments supplier’s stock worth $241,000 after buying an additional 453 shares in the last quarter. LRI Investments LLC increased its holdings in shares of DENTSPLY SIRONA by 82.7% in the second quarter. LRI Investments LLC now owns 1,246 shares of the medical instruments supplier’s stock valued at $31,000 after buying an additional 564 shares in the last quarter. Finally, Diversified Trust Co increased its holdings in shares of DENTSPLY SIRONA by 3.0% in the second quarter. Diversified Trust Co now owns 19,637 shares of the medical instruments supplier’s stock valued at $489,000 after buying an additional 566 shares in the last quarter. Institutional investors own 95.70% of the company’s stock.

Wall Street Analyst Weigh In

A number of equities analysts recently issued reports on the company. Needham & Company LLC restated a “buy” rating and issued a $34.00 target price on shares of DENTSPLY SIRONA in a report on Tuesday, August 20th. Stifel Nicolaus dropped their price target on DENTSPLY SIRONA from $30.00 to $28.00 and set a “hold” rating on the stock in a research note on Thursday, July 18th. Robert W. Baird reduced their price objective on shares of DENTSPLY SIRONA from $33.00 to $31.00 and set a “neutral” rating for the company in a research note on Monday, July 22nd. Evercore ISI dropped their target price on shares of DENTSPLY SIRONA from $28.00 to $27.00 and set an “outperform” rating on the stock in a research report on Tuesday, July 9th. Finally, The Goldman Sachs Group reduced their price target on shares of DENTSPLY SIRONA from $34.00 to $30.00 and set a “neutral” rating for the company in a research report on Monday, May 6th. Five equities research analysts have rated the stock with a hold rating and seven have assigned a buy rating to the stock. According to data from MarketBeat, DENTSPLY SIRONA presently has an average rating of “Moderate Buy” and a consensus target price of $33.44.

DENTSPLY SIRONA Stock Performance

Shares of XRAY opened at $25.34 on Friday. The company has a market capitalization of $5.26 billion, a PE ratio of -57.59, a PEG ratio of 1.22 and a beta of 1.01. The company has a debt-to-equity ratio of 0.57, a quick ratio of 0.87 and a current ratio of 1.33. The company’s 50 day moving average price is $25.31 and its 200 day moving average price is $28.75. DENTSPLY SIRONA Inc. has a 52 week low of $23.58 and a 52 week high of $38.36.

DENTSPLY SIRONA (NASDAQ:XRAY) last posted its quarterly earnings results on Wednesday, July 31st. The medical instruments supplier reported $0.49 EPS for the quarter, missing the consensus estimate of $0.50 by ($0.01). DENTSPLY SIRONA had a negative net margin of 4.75% and a positive return on equity of 11.86%. The company had revenue of $984.00 million for the quarter, compared to analysts’ expectations of $993.61 million. During the same quarter in the prior year, the firm earned $0.51 earnings per share. The company’s revenue was down 4.3% on a year-over-year basis. Research analysts expect that DENTSPLY SIRONA Inc. will post 1.99 EPS for the current fiscal year.

DENTSPLY SIRONA Dividend Announcement

The company also recently announced a quarterly dividend, which will be paid on Friday, October 11th. Shareholders of record on Friday, September 27th will be given a $0.16 dividend. This represents a $0.64 annualized dividend and a yield of 2.53%. The ex-dividend date is Friday, September 27th. DENTSPLY SIRONA’s payout ratio is currently -145.45%.

About DENTSPLY SIRONA

DENTSPLY SIRONA Inc manufactures and sells various dental products and technologies worldwide. It operates in four segments: Connected Technology Solutions, Essential Dental Solutions, Orthodontic and Implant Solutions, and Wellspect Healthcare. The company offers dental equipment comprising imaging equipment, motorized dental handpieces, treatment centers, other instruments, amalgamators, mixing machines, and porcelain furnaces; and dental CAD/CAM technologies to support dental restorations, such as intraoral scanners, 3-D printers, mills, other software and services, and a full-chairside economical restoration of esthetic ceramic dentistry, as well as DS Core, its cloud-based platform.