DENTSPLY SIRONA Inc. (NASDAQ:XRAY) Shares Bought by Ontario Teachers Pension Plan Board

Ontario Teachers Pension Plan Board increased its position in DENTSPLY SIRONA Inc. (NASDAQ:XRAY) by 23.3% during the first quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The firm owned 8,795 shares of the medical instruments supplier’s stock after acquiring an additional 1,663 shares during the period. Ontario Teachers Pension Plan Board’s holdings in DENTSPLY SIRONA were worth $345,000 at the end of the most recent reporting period.

Several other hedge funds have also recently bought and sold shares of the company. KBC Group NV raised its position in shares of DENTSPLY SIRONA by 1,533.3% during the 1st quarter. KBC Group NV now owns 181,863 shares of the medical instruments supplier’s stock worth $7,144,000 after buying an additional 170,728 shares in the last quarter. Picton Mahoney Asset Management acquired a new stake in DENTSPLY SIRONA in the fourth quarter worth approximately $149,000. Sei Investments Co. boosted its stake in DENTSPLY SIRONA by 8.0% during the 4th quarter. Sei Investments Co. now owns 477,774 shares of the medical instruments supplier’s stock valued at $15,212,000 after purchasing an additional 35,214 shares in the last quarter. Cibc World Markets Corp acquired a new position in shares of DENTSPLY SIRONA during the 1st quarter valued at $427,000. Finally, Illinois Municipal Retirement Fund raised its stake in shares of DENTSPLY SIRONA by 91.6% in the 1st quarter. Illinois Municipal Retirement Fund now owns 184,687 shares of the medical instruments supplier’s stock worth $7,255,000 after buying an additional 88,302 shares in the last quarter. 95.70% of the stock is currently owned by institutional investors.

DENTSPLY SIRONA Price Performance

Shares of XRAY opened at $35.54 on Monday. The business’s 50-day moving average is $38.64 and its 200-day moving average is $39.00. The company has a debt-to-equity ratio of 0.50, a current ratio of 1.51 and a quick ratio of 0.99. The company has a market capitalization of $7.52 billion, a price-to-earnings ratio of -7.45, a P/E/G ratio of 2.03 and a beta of 0.97. DENTSPLY SIRONA Inc. has a fifty-two week low of $26.48 and a fifty-two week high of $43.24.

DENTSPLY SIRONA (NASDAQ:XRAY) last released its quarterly earnings data on Wednesday, August 2nd. The medical instruments supplier reported $0.51 earnings per share for the quarter, beating the consensus estimate of $0.43 by $0.08. DENTSPLY SIRONA had a negative net margin of 26.04% and a positive return on equity of 10.29%. The firm had revenue of $1.03 billion for the quarter, compared to analyst estimates of $998.98 million. The company’s quarterly revenue was up .5% on a year-over-year basis. Equities research analysts expect that DENTSPLY SIRONA Inc. will post 1.97 EPS for the current fiscal year.

DENTSPLY SIRONA Dividend Announcement

The company also recently declared a quarterly dividend, which will be paid on Friday, October 13th. Investors of record on Friday, September 29th will be paid a $0.14 dividend. The ex-dividend date of this dividend is Thursday, September 28th. This represents a $0.56 annualized dividend and a dividend yield of 1.58%. DENTSPLY SIRONA’s payout ratio is -11.74%.

Analyst Ratings Changes

Several brokerages recently weighed in on XRAY. StockNews.com began coverage on DENTSPLY SIRONA in a research note on Thursday, August 17th. They set a “buy” rating for the company. Barrington Research reaffirmed an “outperform” rating and issued a $51.00 price objective on shares of DENTSPLY SIRONA in a research note on Friday, August 4th. Three research analysts have rated the stock with a hold rating and three have issued a buy rating to the stock. According to MarketBeat, DENTSPLY SIRONA presently has an average rating of “Moderate Buy” and an average price target of $42.13.

DENTSPLY SIRONA Profile

DENTSPLY SIRONA Inc manufactures and sells various dental products and technologies for professional dental market worldwide. The company operates through two segments, Technologies & Equipment, and Consumables. The Technologies & Equipment segment provides dental equipment, such as treatment centers, imaging equipment, motorized dental handpieces, and other instruments for dental practitioners and specialists; dental CAD/CAM technologies for dental offices to support various digital dental procedures, including dental restorations; dentist-directed aligner solutions, SureSmile, and direct-to-consumer clear aligner solutions, as well as high frequency vibration technology device; implants; and urology catheters and other healthcare-related consumable products.