DENTSPLY SIRONA Inc. (NASDAQ:XRAY) Shares Sold by Teachers Retirement System of The State of Kentucky

Teachers Retirement System of The State of Kentucky reduced its holdings in DENTSPLY SIRONA Inc. (NASDAQ:XRAY) by 2.6% during the 3rd quarter, Holdings Channel reports. The firm owned 68,788 shares of the medical instruments supplier’s stock after selling 1,810 shares during the quarter. Teachers Retirement System of The State of Kentucky’s holdings in DENTSPLY SIRONA were worth $1,861,000 at the end of the most recent reporting period.

A number of other institutional investors and hedge funds have also made changes to their positions in the business. Scientech Research LLC acquired a new stake in DENTSPLY SIRONA in the 2nd quarter valued at $846,000. Quantinno Capital Management LP grew its position in shares of DENTSPLY SIRONA by 276.5% in the third quarter. Quantinno Capital Management LP now owns 116,808 shares of the medical instruments supplier’s stock valued at $3,161,000 after purchasing an additional 85,787 shares during the period. VELA Investment Management LLC purchased a new stake in shares of DENTSPLY SIRONA during the third quarter worth about $2,168,000. National Bank of Canada FI increased its stake in shares of DENTSPLY SIRONA by 85.8% during the third quarter. National Bank of Canada FI now owns 1,628,200 shares of the medical instruments supplier’s stock worth $44,059,000 after purchasing an additional 751,800 shares in the last quarter. Finally, Empowered Funds LLC acquired a new position in shares of DENTSPLY SIRONA during the 3rd quarter worth about $2,468,000. 95.70% of the stock is currently owned by hedge funds and other institutional investors.

Analyst Upgrades and Downgrades

XRAY has been the subject of several research reports. UBS Group cut their price objective on DENTSPLY SIRONA from $35.00 to $27.00 and set a “buy” rating for the company in a research note on Tuesday, December 3rd. StockNews.com cut DENTSPLY SIRONA from a “buy” rating to a “hold” rating in a research report on Tuesday, November 19th. Mizuho initiated coverage on DENTSPLY SIRONA in a report on Wednesday, December 4th. They issued a “neutral” rating and a $21.00 price objective on the stock. Leerink Partnrs lowered shares of DENTSPLY SIRONA from a “strong-buy” rating to a “hold” rating in a report on Thursday, November 7th. Finally, Evercore ISI reduced their target price on shares of DENTSPLY SIRONA from $29.00 to $27.00 and set an “outperform” rating for the company in a research report on Tuesday, October 8th. Eight equities research analysts have rated the stock with a hold rating and four have given a buy rating to the stock. According to data from MarketBeat, DENTSPLY SIRONA currently has an average rating of “Hold” and a consensus target price of $28.40.

DENTSPLY SIRONA Stock Down 0.7 %

Shares of NASDAQ XRAY opened at $19.59 on Tuesday. The company has a market capitalization of $3.89 billion, a P/E ratio of -9.46, a P/E/G ratio of 1.93 and a beta of 0.96. 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 50 day simple moving average of $21.18 and a 200-day simple moving average of $24.11. DENTSPLY SIRONA Inc. has a 1 year low of $17.21 and a 1 year high of $37.60.

DENTSPLY SIRONA (NASDAQ:XRAY) last posted its earnings results on Thursday, November 7th. The medical instruments supplier reported $0.50 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.48 by $0.02. DENTSPLY SIRONA had a positive return on equity of 12.62% and a negative net margin of 10.59%. The company had revenue of $951.00 million during the quarter, compared to analysts’ expectations of $939.10 million. During the same quarter last year, the firm earned $0.49 earnings per share. The firm’s quarterly revenue was up .4% compared to the same quarter last year. On average, equities research analysts predict that DENTSPLY SIRONA Inc. will post 1.84 earnings per share for the current year.

DENTSPLY SIRONA Announces Dividend

The business also recently announced a quarterly dividend, which will be paid on Friday, January 10th. Shareholders of record on Friday, December 27th will be given a $0.16 dividend. The ex-dividend date of this dividend is Friday, December 27th. This represents a $0.64 dividend on an annualized basis and a yield of 3.27%. DENTSPLY SIRONA’s payout ratio is currently -30.92%.

DENTSPLY SIRONA 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.