Proficio Capital Partners LLC Acquires Shares of 22,245 DENTSPLY SIRONA Inc. (NASDAQ:XRAY)

Proficio Capital Partners LLC bought a new position in shares of DENTSPLY SIRONA Inc. (NASDAQ:XRAY) during the fourth quarter, Holdings Channel.com reports. The fund bought 22,245 shares of the medical instruments supplier’s stock, valued at approximately $422,000.

A number of other large investors also recently modified their holdings of the company. UMB Bank n.a. increased its stake in DENTSPLY SIRONA by 60.8% during the 4th quarter. UMB Bank n.a. now owns 1,492 shares of the medical instruments supplier’s stock valued at $28,000 after purchasing an additional 564 shares in the last quarter. MML Investors Services LLC grew its holdings in shares of DENTSPLY SIRONA by 2.1% during the third quarter. MML Investors Services LLC now owns 29,682 shares of the medical instruments supplier’s stock valued at $803,000 after buying an additional 620 shares during the last quarter. Blue Trust Inc. increased its position in shares of DENTSPLY SIRONA by 10.9% during the fourth quarter. Blue Trust Inc. now owns 7,199 shares of the medical instruments supplier’s stock worth $137,000 after acquiring an additional 707 shares in the last quarter. MassMutual Private Wealth & Trust FSB raised its holdings in shares of DENTSPLY SIRONA by 648.4% in the 4th quarter. MassMutual Private Wealth & Trust FSB now owns 1,422 shares of the medical instruments supplier’s stock worth $27,000 after acquiring an additional 1,232 shares during the last quarter. Finally, Riverview Trust Co bought a new position in DENTSPLY SIRONA in the 4th quarter valued at about $26,000. 95.70% of the stock is currently owned by institutional investors.

Insider Buying and Selling at DENTSPLY SIRONA

In other DENTSPLY SIRONA news, Director Gregory T. Lucier acquired 15,142 shares of the company’s stock in a transaction on Monday, March 3rd. The shares were acquired at an average cost of $16.51 per share, with a total value of $249,994.42. Following the completion of the acquisition, the director now directly owns 81,971 shares in the company, valued at $1,353,341.21. This trade represents a 22.66 % increase in their ownership of the stock. The purchase was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. 0.52% of the stock is owned by corporate insiders.

DENTSPLY SIRONA Stock Up 1.5 %

XRAY opened at $15.80 on Tuesday. DENTSPLY SIRONA Inc. has a twelve month low of $14.78 and a twelve month high of $33.42. The company’s 50-day moving average price is $17.86 and its two-hundred day moving average price is $20.40. The stock has a market cap of $3.14 billion, a price-to-earnings ratio of -7.63, a PEG ratio of 1.80 and a beta of 0.98. The company has a quick ratio of 0.84, a current ratio of 1.25 and a debt-to-equity ratio of 0.72.

DENTSPLY SIRONA Dividend Announcement

The company also recently disclosed a quarterly dividend, which will be paid on Friday, April 11th. Investors of record on Friday, March 28th will be paid a $0.16 dividend. The ex-dividend date is Friday, March 28th. This represents a $0.64 annualized dividend and a yield of 4.05%. DENTSPLY SIRONA’s payout ratio is -14.07%.

Wall Street Analyst Weigh In

A number of analysts have commented on the company. UBS Group decreased their price objective on DENTSPLY SIRONA from $35.00 to $27.00 and set a “buy” rating for the company in a report on Tuesday, December 3rd. Barrington Research decreased their price target on DENTSPLY SIRONA from $24.00 to $20.00 and set an “outperform” rating for the company in a report on Friday, February 28th. StockNews.com lowered DENTSPLY SIRONA from a “buy” rating to a “hold” rating in a research report on Friday, February 28th. Evercore ISI reaffirmed an “in-line” rating and set a $20.00 price objective on shares of DENTSPLY SIRONA in a report on Tuesday, January 7th. Finally, Jefferies Financial Group downgraded shares of DENTSPLY SIRONA from a “buy” rating to a “hold” rating and lowered their target price for the company from $30.00 to $20.00 in a report on Thursday, January 23rd. Twelve analysts have rated the stock with a hold rating and three have given a buy rating to the stock. According to data from MarketBeat, DENTSPLY SIRONA currently has an average rating of “Hold” and an average price target of $23.33.

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.