DENTSPLY SIRONA Inc. (NASDAQ:XRAY) Shares Acquired by Cwm LLC

Cwm LLC increased its holdings in shares of DENTSPLY SIRONA Inc. (NASDAQ:XRAY) by 118.2% in the third quarter, according to the company in its most recent filing with the SEC. The institutional investor owned 7,337 shares of the medical instruments supplier’s stock after purchasing an additional 3,975 shares during the quarter. Cwm LLC’s holdings in DENTSPLY SIRONA were worth $199,000 as of its most recent filing with the SEC.

Several other hedge funds have also recently bought and sold shares of XRAY. LRI Investments LLC boosted its position 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 worth $31,000 after buying an additional 564 shares during the period. Rothschild Investment LLC acquired a new stake in DENTSPLY SIRONA in the second quarter valued at approximately $32,000. Central Pacific Bank Trust Division purchased a new stake in shares of DENTSPLY SIRONA during the first quarter valued at approximately $64,000. GAMMA Investing LLC lifted its position in shares of DENTSPLY SIRONA by 133.4% during the third quarter. GAMMA Investing LLC now owns 2,488 shares of the medical instruments supplier’s stock worth $67,000 after purchasing an additional 1,422 shares in the last quarter. Finally, Covestor Ltd boosted its stake in shares of DENTSPLY SIRONA by 30.8% in the first quarter. Covestor Ltd now owns 3,073 shares of the medical instruments supplier’s stock valued at $102,000 after purchasing an additional 723 shares during the period. Hedge funds and other institutional investors own 95.70% of the company’s stock.

Analyst Ratings Changes

A number of equities analysts have commented on the stock. Stifel Nicolaus cut their price objective on shares of DENTSPLY SIRONA from $30.00 to $28.00 and set a “hold” rating on the stock in a report on Thursday, July 18th. Needham & Company LLC reiterated a “buy” rating and issued a $34.00 price target on shares of DENTSPLY SIRONA in a research note on Tuesday, August 20th. Robert W. Baird reduced their price target on DENTSPLY SIRONA from $33.00 to $31.00 and set a “neutral” rating for the company in a report on Monday, July 22nd. Barrington Research restated an “outperform” rating and set a $36.00 price objective on shares of DENTSPLY SIRONA in a report on Friday, September 20th. Finally, Evercore ISI cut their target price on DENTSPLY SIRONA from $29.00 to $27.00 and set an “outperform” rating on the stock in a research report on Tuesday, October 8th. Five research analysts have rated the stock with a hold rating and seven have issued a buy rating to the company. According to MarketBeat, the stock has an average rating of “Moderate Buy” and an average price target of $33.22.

DENTSPLY SIRONA Price Performance

Shares of XRAY opened at $24.28 on Wednesday. DENTSPLY SIRONA Inc. has a 52 week low of $23.58 and a 52 week high of $37.60. The company has a current ratio of 1.33, a quick ratio of 0.87 and a debt-to-equity ratio of 0.57. The firm has a market cap of $4.92 billion, a price-to-earnings ratio of -28.23, a PEG ratio of 1.19 and a beta of 1.00. The stock has a 50 day moving average of $25.30 and a 200-day moving average of $26.61.

DENTSPLY SIRONA (NASDAQ:XRAY) last announced its quarterly earnings data on Wednesday, July 31st. The medical instruments supplier reported $0.49 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.50 by ($0.01). DENTSPLY SIRONA had a positive return on equity of 11.86% and a negative net margin of 4.75%. The firm had revenue of $984.00 million for the quarter, compared to the consensus estimate of $993.61 million. During the same quarter last year, the business earned $0.51 earnings per share. The business’s revenue for the quarter was down 4.3% compared to the same quarter last year. As a group, analysts forecast that DENTSPLY SIRONA Inc. will post 1.98 EPS for the current year.

DENTSPLY SIRONA Announces Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Friday, October 11th. Investors of record on Friday, September 27th were given a dividend of $0.16 per share. This represents a $0.64 dividend on an annualized basis and a dividend yield of 2.64%. The ex-dividend date of this dividend was Friday, September 27th. DENTSPLY SIRONA’s dividend payout ratio is presently -74.42%.

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.