21,959 Shares in DENTSPLY SIRONA Inc. (NASDAQ:XRAY) Bought by International Assets Investment Management LLC

International Assets Investment Management LLC acquired a new stake in DENTSPLY SIRONA Inc. (NASDAQ:XRAY) in the fourth quarter, according to the company in its most recent Form 13F filing with the SEC. The firm acquired 21,959 shares of the medical instruments supplier’s stock, valued at approximately $782,000.

Other institutional investors also recently modified their holdings of the company. Vanguard Group Inc. lifted its position in shares of DENTSPLY SIRONA by 1.5% in the third quarter. Vanguard Group Inc. now owns 25,250,443 shares of the medical instruments supplier’s stock valued at $862,555,000 after buying an additional 369,213 shares during the last quarter. Invesco Ltd. raised its holdings in DENTSPLY SIRONA by 9.0% in the 3rd quarter. Invesco Ltd. now owns 5,160,394 shares of the medical instruments supplier’s stock valued at $176,279,000 after acquiring an additional 428,229 shares during the period. Northern Trust Corp boosted its holdings in shares of DENTSPLY SIRONA by 6.6% during the third quarter. Northern Trust Corp now owns 2,802,131 shares of the medical instruments supplier’s stock worth $95,721,000 after acquiring an additional 173,627 shares during the period. Charles Schwab Investment Management Inc. lifted its holdings in DENTSPLY SIRONA by 0.4% during the 3rd quarter. Charles Schwab Investment Management Inc. now owns 1,885,223 shares of the medical instruments supplier’s stock worth $64,399,000 after purchasing an additional 6,890 shares during the last quarter. Finally, Armistice Capital LLC grew its holdings in DENTSPLY SIRONA by 1.5% in the 3rd quarter. Armistice Capital LLC now owns 1,827,805 shares of the medical instruments supplier’s stock valued at $62,438,000 after buying an additional 27,805 shares in the last quarter. 95.70% of the stock is currently owned by institutional investors and hedge funds.

Wall Street Analyst Weigh In

XRAY has been the subject of a number of recent research reports. StockNews.com raised shares of DENTSPLY SIRONA from a “hold” rating to a “buy” rating in a research report on Friday, January 19th. Leerink Partnrs reissued an “outperform” rating on shares of DENTSPLY SIRONA in a research report on Monday, February 26th. Piper Sandler upped their target price on DENTSPLY SIRONA from $31.00 to $35.00 and gave the company a “neutral” rating in a research report on Friday, January 12th. SVB Leerink started coverage on shares of DENTSPLY SIRONA in a research report on Monday, February 26th. They set an “outperform” rating and a $42.00 price objective for the company. Finally, Needham & Company LLC restated a “buy” rating and issued a $42.00 target price on shares of DENTSPLY SIRONA in a research report on Thursday, February 29th. Three analysts have rated the stock with a hold rating and seven have given a buy rating to the company’s stock. According to MarketBeat, DENTSPLY SIRONA has a consensus rating of “Moderate Buy” and an average target price of $39.50.

DENTSPLY SIRONA Trading Up 1.6 %

Shares of DENTSPLY SIRONA stock opened at $30.86 on Wednesday. The firm’s 50 day moving average is $32.73 and its 200 day moving average is $32.82. The firm has a market capitalization of $6.40 billion, a PE ratio of -49.77, a price-to-earnings-growth ratio of 1.23 and a beta of 0.98. DENTSPLY SIRONA Inc. has a 1 year low of $26.27 and a 1 year high of $43.24. The company has a current ratio of 1.38, a quick ratio of 0.95 and a debt-to-equity ratio of 0.55.

DENTSPLY SIRONA (NASDAQ:XRAY) last released its quarterly earnings results on Thursday, February 29th. The medical instruments supplier reported $0.44 earnings per share for the quarter, topping the consensus estimate of $0.43 by $0.01. DENTSPLY SIRONA had a positive return on equity of 11.14% and a negative net margin of 3.33%. The company had revenue of $1.01 billion for the quarter, compared to analysts’ expectations of $972.61 million. During the same period in the previous year, the business posted $0.46 earnings per share. The business’s quarterly revenue was up 3.0% compared to the same quarter last year. Equities research analysts forecast that DENTSPLY SIRONA Inc. will post 2.05 earnings per share for the current fiscal year.

DENTSPLY SIRONA Increases Dividend

The business also recently disclosed a quarterly dividend, which was paid on Friday, April 12th. Investors of record on Friday, March 29th were paid a $0.16 dividend. This is a positive change from DENTSPLY SIRONA’s previous quarterly dividend of $0.14. This represents a $0.64 dividend on an annualized basis and a dividend yield of 2.07%. The ex-dividend date of this dividend was Wednesday, March 27th. DENTSPLY SIRONA’s payout ratio is currently -103.23%.

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.