DENTSPLY SIRONA Inc. (NASDAQ:XRAY) Shares Sold by New York State Teachers Retirement System

New York State Teachers Retirement System reduced its holdings in DENTSPLY SIRONA Inc. (NASDAQ:XRAY) by 4.7% in the 4th quarter, Holdings Channel reports. The institutional investor owned 188,318 shares of the medical instruments supplier’s stock after selling 9,282 shares during the quarter. New York State Teachers Retirement System’s holdings in DENTSPLY SIRONA were worth $3,574,000 at the end of the most recent reporting period.

Other hedge funds have also modified their holdings of the company. Nordea Investment Management AB raised its holdings in DENTSPLY SIRONA by 245.0% during the fourth quarter. Nordea Investment Management AB now owns 251,556 shares of the medical instruments supplier’s stock worth $4,754,000 after purchasing an additional 178,639 shares during the last quarter. JPMorgan Chase & Co. raised its holdings in DENTSPLY SIRONA by 206.3% during the third quarter. JPMorgan Chase & Co. now owns 1,847,389 shares of the medical instruments supplier’s stock worth $49,990,000 after purchasing an additional 1,244,326 shares during the last quarter. Barclays PLC raised its holdings in DENTSPLY SIRONA by 21.8% during the third quarter. Barclays PLC now owns 306,809 shares of the medical instruments supplier’s stock worth $8,301,000 after purchasing an additional 54,920 shares during the last quarter. Canvas Wealth Advisors LLC raised its holdings in DENTSPLY SIRONA by 126.5% during the fourth quarter. Canvas Wealth Advisors LLC now owns 326,298 shares of the medical instruments supplier’s stock worth $6,245,000 after purchasing an additional 182,234 shares during the last quarter. Finally, Quantinno Capital Management LP raised its holdings in DENTSPLY SIRONA by 276.5% during the third quarter. Quantinno Capital Management LP now owns 116,808 shares of the medical instruments supplier’s stock worth $3,161,000 after purchasing an additional 85,787 shares during the last quarter. 95.70% of the stock is owned by institutional investors and hedge funds.

DENTSPLY SIRONA Price Performance

Shares of NASDAQ XRAY opened at $18.75 on Friday. DENTSPLY SIRONA Inc. has a 1-year low of $17.21 and a 1-year high of $34.91. The business has a 50-day moving average of $18.92 and a 200-day moving average of $21.71. The company has a debt-to-equity ratio of 0.72, a current ratio of 1.25 and a quick ratio of 0.84. The company has a market capitalization of $3.73 billion, a price-to-earnings ratio of -9.06, a PEG ratio of 1.81 and a beta of 0.96.

DENTSPLY SIRONA Dividend Announcement

The business also recently announced a quarterly dividend, which was paid on Friday, January 10th. Stockholders of record on Friday, December 27th were given a $0.16 dividend. This represents a $0.64 annualized dividend and a dividend yield of 3.41%. The ex-dividend date was Friday, December 27th. DENTSPLY SIRONA’s payout ratio is -30.92%.

Analyst Ratings Changes

XRAY has been the subject of several research reports. Jefferies Financial Group cut DENTSPLY SIRONA from a “buy” rating to a “hold” rating and reduced their price objective for the stock from $30.00 to $20.00 in a report on Thursday, January 23rd. Evercore ISI reissued an “in-line” rating and set a $20.00 price target on shares of DENTSPLY SIRONA in a research report on Tuesday, January 7th. Needham & Company LLC reissued a “buy” rating and set a $25.00 price target on shares of DENTSPLY SIRONA in a research report on Tuesday, February 11th. Barrington Research lowered their price objective on DENTSPLY SIRONA from $36.00 to $24.00 and set an “outperform” rating for the company in a research report on Friday, November 8th. Finally, UBS Group lowered their price objective on DENTSPLY SIRONA from $35.00 to $27.00 and set a “buy” rating for the company in a research report on Tuesday, December 3rd. Ten equities research analysts have rated the stock with a hold rating and five have given a buy rating to the company’s stock. Based on data from MarketBeat.com, DENTSPLY SIRONA has a consensus rating of “Hold” and a consensus price target of $25.85.

DENTSPLY SIRONA Company Profile

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.