Principal Financial Group Inc. Cuts Stock Position in DENTSPLY SIRONA Inc. (NASDAQ:XRAY)

Principal Financial Group Inc. lowered its position in DENTSPLY SIRONA Inc. (NASDAQ:XRAY) by 73.9% in the fourth quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 455,689 shares of the medical instruments supplier’s stock after selling 1,287,427 shares during the period. Principal Financial Group Inc.’s holdings in DENTSPLY SIRONA were worth $8,649,000 as of its most recent filing with the Securities & Exchange Commission.

A number of other institutional investors have also recently modified their holdings of the business. State of New Jersey Common Pension Fund D increased its holdings in DENTSPLY SIRONA by 41.7% in the fourth quarter. State of New Jersey Common Pension Fund D now owns 111,184 shares of the medical instruments supplier’s stock valued at $2,110,000 after buying an additional 32,720 shares in the last quarter. Blue Trust Inc. raised its holdings in DENTSPLY SIRONA by 22.6% during the fourth quarter. Blue Trust Inc. now owns 7,959 shares of the medical instruments supplier’s stock worth $151,000 after purchasing an additional 1,467 shares during the last quarter. Savant Capital LLC boosted its position in DENTSPLY SIRONA by 71.9% during the fourth quarter. Savant Capital LLC now owns 83,062 shares of the medical instruments supplier’s stock worth $1,577,000 after purchasing an additional 34,750 shares in the last quarter. Canvas Wealth Advisors LLC boosted its position 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 in the last quarter. Finally, Entropy Technologies LP acquired a new stake in DENTSPLY SIRONA in the fourth quarter valued at $630,000. 95.70% of the stock is currently owned by hedge funds and other institutional investors.

Analyst Ratings Changes

Several research analysts have recently issued reports on XRAY shares. Robert W. Baird cut their price target on DENTSPLY SIRONA from $22.00 to $20.00 and set a “neutral” rating for the company in a research note on Friday. Leerink Partners cut shares of DENTSPLY SIRONA from an “outperform” rating to a “market perform” rating in a research report on Thursday, November 7th. Morgan Stanley reduced their price target on shares of DENTSPLY SIRONA from $30.00 to $23.00 and set an “overweight” rating on the stock in a report on Tuesday, December 17th. Needham & Company LLC dropped their price objective on shares of DENTSPLY SIRONA from $25.00 to $23.00 and set a “buy” rating for the company in a research note on Friday. Finally, StockNews.com downgraded DENTSPLY SIRONA from a “buy” rating to a “hold” rating in a research report on Friday. Eleven analysts have rated the stock with a hold rating and four have issued a buy rating to the company’s stock. According to MarketBeat, the company currently has an average rating of “Hold” and a consensus price target of $23.58.

DENTSPLY SIRONA Stock Down 3.5 %

XRAY stock opened at $16.55 on Friday. The company has a 50 day moving average price of $18.83 and a two-hundred day moving average price of $21.50. The company has a debt-to-equity ratio of 0.72, a quick ratio of 0.84 and a current ratio of 1.25. The stock has a market capitalization of $3.29 billion, a P/E ratio of -8.00, a PEG ratio of 1.80 and a beta of 0.96. DENTSPLY SIRONA Inc. has a one year low of $16.21 and a one year high of $34.91.

DENTSPLY SIRONA Dividend Announcement

The firm also recently disclosed a quarterly dividend, which will be paid on Friday, April 11th. Stockholders of record on Friday, March 28th will be given a $0.16 dividend. This represents a $0.64 dividend on an annualized basis and a dividend yield of 3.87%. The ex-dividend date of this dividend is Friday, March 28th. DENTSPLY SIRONA’s dividend payout ratio is currently -30.92%.

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.