Envista Holdings Co. (NYSE:NVST) Shares Bought by Front Street Capital Management Inc.

Front Street Capital Management Inc. boosted its stake in shares of Envista Holdings Co. (NYSE:NVST) by 2.0% during the 2nd quarter, HoldingsChannel reports. The institutional investor owned 187,591 shares of the company’s stock after purchasing an additional 3,700 shares during the quarter. Front Street Capital Management Inc.’s holdings in Envista were worth $3,120,000 at the end of the most recent reporting period.

Other large investors also recently bought and sold shares of the company. Norges Bank acquired a new stake in Envista during the 4th quarter valued at $42,874,000. PNC Financial Services Group Inc. increased its position in Envista by 271.2% during the 4th quarter. PNC Financial Services Group Inc. now owns 24,123 shares of the company’s stock worth $580,000 after purchasing an additional 17,624 shares in the last quarter. Assetmark Inc. increased its position in Envista by 18.7% during the 4th quarter. Assetmark Inc. now owns 31,601 shares of the company’s stock worth $760,000 after purchasing an additional 4,978 shares in the last quarter. Johnson Financial Group Inc. acquired a new stake in Envista in the fourth quarter valued at approximately $136,000. Finally, United Services Automobile Association grew its position in Envista by 8.1% in the fourth quarter. United Services Automobile Association now owns 12,284 shares of the company’s stock valued at $296,000 after acquiring an additional 919 shares in the last quarter.

Analysts Set New Price Targets

A number of analysts have recently weighed in on NVST shares. Stifel Nicolaus decreased their price target on shares of Envista from $20.00 to $18.00 and set a “buy” rating for the company in a research report on Tuesday, July 30th. Evercore ISI raised their price target on shares of Envista from $18.00 to $23.00 and gave the stock an “outperform” rating in a research report on Monday. Bank of America decreased their price target on shares of Envista from $22.00 to $19.00 and set a “buy” rating for the company in a research report on Thursday, August 8th. Piper Sandler decreased their price target on shares of Envista from $18.00 to $16.00 and set a “neutral” rating for the company in a research report on Tuesday, July 30th. Finally, Needham & Company LLC restated a “hold” rating on shares of Envista in a research note 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 company’s stock. According to MarketBeat.com, Envista currently has a consensus rating of “Hold” and an average target price of $19.59.

Insider Activity

In other news, CFO Eric D. Hammes bought 24,532 shares of the stock in a transaction that occurred on Monday, August 12th. The shares were purchased at an average cost of $16.33 per share, with a total value of $400,607.56. Following the completion of the acquisition, the chief financial officer now directly owns 24,532 shares in the company, valued at $400,607.56. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Corporate insiders own 1.30% of the company’s stock.

Envista Stock Performance

NVST stock opened at $19.04 on Tuesday. The company has a debt-to-equity ratio of 0.47, a quick ratio of 1.90 and a current ratio of 2.22. The stock has a market capitalization of $3.27 billion, a price-to-earnings ratio of -26.44 and a beta of 1.31. Envista Holdings Co. has a 1 year low of $15.15 and a 1 year high of $28.67. The stock’s fifty day moving average is $17.49 and its two-hundred day moving average is $18.46.

Envista (NYSE:NVST) last posted its 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 company had revenue of $633.10 million during the quarter, compared to the consensus estimate of $646.88 million. Envista had a negative net margin of 52.25% and a positive return on equity of 4.86%. The business’s quarterly revenue was down 4.4% compared to the same quarter last year. During the same quarter in the previous year, the business posted $0.43 earnings per share. On average, research analysts predict that Envista Holdings Co. will post 0.69 EPS for the current year.

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.