DENTSPLY SIRONA (NASDAQ:XRAY) Sets New 12-Month Low – Here’s What Happened

DENTSPLY SIRONA Inc. (NASDAQ:XRAY)’s share price reached a new 52-week low during mid-day trading on Monday . The stock traded as low as $14.61 and last traded at $14.78, with a volume of 150672 shares. The stock had previously closed at $14.93.

Wall Street Analysts Forecast Growth

Several equities research analysts have recently commented on the stock. Mizuho reduced their target price on shares of DENTSPLY SIRONA from $21.00 to $18.00 and set a “neutral” rating on the stock in a research note on Thursday, March 13th. Jefferies Financial Group lowered shares of DENTSPLY SIRONA from a “buy” rating to a “hold” rating and reduced their price target for the company from $30.00 to $20.00 in a research report on Thursday, January 23rd. Evercore ISI reiterated an “in-line” rating and issued a $20.00 target price on shares of DENTSPLY SIRONA in a research note on Tuesday, January 7th. Robert W. Baird decreased their price target on DENTSPLY SIRONA from $22.00 to $20.00 and set a “neutral” rating on the stock in a research report on Friday, February 28th. Finally, Morgan Stanley dropped their price target on DENTSPLY SIRONA from $30.00 to $23.00 and set an “overweight” rating for the company in a report on Tuesday, December 17th. Twelve investment analysts have rated the stock with a hold rating and three have assigned a buy rating to the company’s stock. Based on data from MarketBeat, the company has an average rating of “Hold” and a consensus target price of $23.33.

DENTSPLY SIRONA Stock Down 1.9 %

The firm’s 50 day moving average price is $17.55 and its 200-day moving average price is $20.05. The company has a current ratio of 1.25, a quick ratio of 0.84 and a debt-to-equity ratio of 0.72. The company has a market cap of $2.92 billion, a P/E ratio of -7.08, a price-to-earnings-growth ratio of 1.80 and a beta of 0.98.

DENTSPLY SIRONA Announces Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Friday, April 11th. Shareholders of record on Friday, March 28th will be paid a $0.16 dividend. The ex-dividend date of this dividend is Friday, March 28th. This represents a $0.64 dividend on an annualized basis and a yield of 4.37%. DENTSPLY SIRONA’s payout ratio is presently -14.07%.

Insider Buying and Selling at DENTSPLY SIRONA

In related news, Director Gregory T. Lucier acquired 15,142 shares of the firm’s stock in a transaction that occurred on Monday, March 3rd. The stock was acquired at an average cost of $16.51 per share, with a total value of $249,994.42. Following the completion of the purchase, the director now directly owns 81,971 shares in the company, valued at approximately $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 available at the SEC website. Corporate insiders own 0.52% of the company’s stock.

Hedge Funds Weigh In On DENTSPLY SIRONA

Hedge funds have recently added to or reduced their stakes in the stock. Cerity Partners LLC acquired a new stake in shares of DENTSPLY SIRONA in the 3rd quarter valued at approximately $482,000. Paloma Partners Management Co acquired a new stake in DENTSPLY SIRONA in the third quarter worth $402,000. Invenomic Capital Management LP acquired a new stake in DENTSPLY SIRONA in the third quarter worth $23,724,000. Quarry LP boosted its position in shares of DENTSPLY SIRONA by 455.0% during the third quarter. Quarry LP now owns 3,036 shares of the medical instruments supplier’s stock worth $82,000 after purchasing an additional 2,489 shares in the last quarter. Finally, Quantinno Capital Management LP grew its holdings in shares of DENTSPLY SIRONA by 276.5% in the 3rd quarter. Quantinno Capital Management LP now owns 116,808 shares of the medical instruments supplier’s stock valued at $3,161,000 after buying an additional 85,787 shares during the period. Institutional investors and hedge funds own 95.70% of the company’s stock.

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.