Envista Holdings Co. (NYSE:NVST) Shares Bought by Brown Brothers Harriman & Co.

Brown Brothers Harriman & Co. increased its position in Envista Holdings Co. (NYSE:NVST) by 24.3% during the second quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 14,300 shares of the company’s stock after acquiring an additional 2,800 shares during the period. Brown Brothers Harriman & Co.’s holdings in Envista were worth $238,000 as of its most recent SEC filing.

Several other hedge funds and other institutional investors have also recently bought and sold shares of the company. Vanguard Group Inc. increased its position in shares of Envista by 5.8% in the fourth quarter. Vanguard Group Inc. now owns 17,167,767 shares of the company’s stock valued at $413,056,000 after buying an additional 944,596 shares in the last quarter. Ariel Investments LLC increased its holdings in Envista by 25.3% during the 1st quarter. Ariel Investments LLC now owns 8,892,200 shares of the company’s stock valued at $190,115,000 after acquiring an additional 1,795,258 shares in the last quarter. Nuance Investments LLC raised its position in Envista by 47.2% during the second quarter. Nuance Investments LLC now owns 7,038,313 shares of the company’s stock worth $117,048,000 after acquiring an additional 2,256,993 shares during the last quarter. American Century Companies Inc. lifted its holdings in shares of Envista by 15.4% in the second quarter. American Century Companies Inc. now owns 6,726,651 shares of the company’s stock valued at $111,864,000 after purchasing an additional 897,141 shares in the last quarter. Finally, Franklin Resources Inc. increased its stake in shares of Envista by 65.3% during the 4th quarter. Franklin Resources Inc. now owns 5,262,092 shares of the company’s stock worth $126,606,000 after purchasing an additional 2,077,786 shares in the last quarter.

Analysts Set New Price Targets

NVST has been the topic of a number of recent research reports. Evercore ISI reduced their target price on Envista from $19.00 to $18.00 and set an “outperform” rating on the stock in a research note on Thursday, August 8th. Piper Sandler decreased their price objective on Envista from $18.00 to $16.00 and set a “neutral” rating on the stock in a research note on Tuesday, July 30th. Stifel Nicolaus cut their target price on shares of Envista from $20.00 to $18.00 and set a “buy” rating for the company in a research note on Tuesday, July 30th. JPMorgan Chase & Co. cut shares of Envista from an “overweight” rating to a “neutral” rating and decreased their price target for the stock from $23.00 to $16.00 in a research note on Thursday, August 8th. Finally, Needham & Company LLC reiterated a “hold” rating on shares of Envista in a report on Thursday, August 8th. Three equities research analysts have rated the stock with a sell rating, eight have assigned a hold rating and three have given a buy rating to the stock. According to data from MarketBeat.com, the stock has a consensus rating of “Hold” and a consensus price target of $19.14.

Envista Stock Up 0.9 %

Shares of NVST opened at $19.18 on Thursday. Envista Holdings Co. has a fifty-two week low of $15.15 and a fifty-two week high of $29.04. The company’s fifty day moving average is $17.31 and its two-hundred day moving average is $18.51. The firm has a market cap of $3.30 billion, a PE ratio of -26.64 and a beta of 1.31. The company has a quick ratio of 1.90, a current ratio of 2.22 and a debt-to-equity ratio of 0.47.

Envista (NYSE:NVST) last posted its quarterly earnings results on Wednesday, August 7th. The company reported $0.11 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.27 by ($0.16). The firm had revenue of $633.10 million for the quarter, compared to analysts’ expectations of $646.88 million. Envista had a negative net margin of 52.25% and a positive return on equity of 4.86%. Envista’s revenue was down 4.4% on a year-over-year basis. During the same period last year, the firm posted $0.43 EPS. Analysts forecast that Envista Holdings Co. will post 0.69 earnings per share for the current year.

Insider Activity

In related news, CFO Eric D. Hammes bought 24,532 shares of the firm’s stock in a transaction dated Monday, August 12th. The stock was bought at an average price of $16.33 per share, with a total value of $400,607.56. Following the completion of the transaction, the chief financial officer now directly owns 24,532 shares of the company’s stock, valued at $400,607.56. The acquisition was disclosed in a legal filing with the SEC, which is available through the SEC website. Insiders own 1.30% of the company’s stock.

Envista Profile

Envista Holdings Corporation, together with its subsidiaries, develops, manufactures, markets, and sells dental products in the United States, China, and internationally. The company operates in two segments, Specialty Products & Technologies, and Equipment & Consumables. The Specialty Products & Technologies segment offers dental implant systems, guided surgery systems, biomaterials, and prefabricated and custom-built prosthetics to oral surgeons, prosthodontists and periodontists, and general dentist; and brackets and wires, tubes and bands, archwires, clear aligners, digital orthodontic treatments, retainers, and other orthodontic laboratory products.