Daiwa Securities Group Inc. Sells 12,357 Shares of DENTSPLY SIRONA Inc. (NASDAQ:XRAY)

Daiwa Securities Group Inc. trimmed its holdings in shares of DENTSPLY SIRONA Inc. (NASDAQ:XRAY) by 43.0% during the fourth quarter, Holdings Channel.com reports. The institutional investor owned 16,356 shares of the medical instruments supplier’s stock after selling 12,357 shares during the quarter. Daiwa Securities Group Inc.’s holdings in DENTSPLY SIRONA were worth $582,000 at the end of the most recent quarter.

Several other large investors also recently modified their holdings of the stock. VisionPoint Advisory Group LLC lifted its position in shares of DENTSPLY SIRONA by 104.2% during the 3rd quarter. VisionPoint Advisory Group LLC now owns 774 shares of the medical instruments supplier’s stock valued at $26,000 after acquiring an additional 395 shares during the period. Anchor Investment Management LLC bought a new stake in DENTSPLY SIRONA in the fourth quarter valued at $47,000. Exchange Traded Concepts LLC raised its holdings in shares of DENTSPLY SIRONA by 41.2% during the third quarter. Exchange Traded Concepts LLC now owns 1,504 shares of the medical instruments supplier’s stock valued at $51,000 after purchasing an additional 439 shares during the period. Creative Financial Designs Inc. ADV bought a new position in shares of DENTSPLY SIRONA during the 4th quarter worth about $71,000. Finally, CWM LLC grew its stake in shares of DENTSPLY SIRONA by 85.5% in the 3rd quarter. CWM LLC now owns 4,379 shares of the medical instruments supplier’s stock valued at $150,000 after buying an additional 2,018 shares during the period. Institutional investors and hedge funds own 95.70% of the company’s stock.

Wall Street Analyst Weigh In

A number of research firms recently weighed in on XRAY. StockNews.com raised DENTSPLY SIRONA from a “hold” rating to a “buy” rating in a research note on Friday, January 19th. Leerink Partnrs reiterated an “outperform” rating on shares of DENTSPLY SIRONA in a report on Monday, February 26th. SVB Leerink started coverage on shares of DENTSPLY SIRONA in a research note on Monday, February 26th. They set an “outperform” rating and a $42.00 price target for the company. Barrington Research reaffirmed an “outperform” rating and issued a $41.00 price objective on shares of DENTSPLY SIRONA in a research note on Thursday, April 18th. Finally, Piper Sandler boosted their target price on shares of DENTSPLY SIRONA from $31.00 to $35.00 and gave the stock a “neutral” rating in a research report on Friday, January 12th. Three equities research analysts have rated the stock with a hold rating and seven have assigned a buy rating to the stock. Based on data from MarketBeat, DENTSPLY SIRONA currently has an average rating of “Moderate Buy” and an average price target of $39.50.

DENTSPLY SIRONA Stock Down 1.8 %

XRAY opened at $30.35 on Friday. DENTSPLY SIRONA Inc. has a fifty-two week low of $26.27 and a fifty-two week high of $43.24. The firm has a market capitalization of $6.29 billion, a P/E ratio of -48.95, a PEG ratio of 1.25 and a beta of 0.98. The company’s 50-day moving average is $32.66 and its 200 day moving average is $32.80. The company has a debt-to-equity ratio of 0.55, a current ratio of 1.38 and a quick ratio of 0.95.

DENTSPLY SIRONA (NASDAQ:XRAY) last posted its quarterly earnings data on Thursday, February 29th. The medical instruments supplier reported $0.44 EPS for the quarter, beating the consensus estimate of $0.43 by $0.01. DENTSPLY SIRONA had a negative net margin of 3.33% and a positive return on equity of 11.14%. The firm had revenue of $1.01 billion during the quarter, compared to analyst estimates of $972.61 million. During the same quarter last year, the business posted $0.46 EPS. The company’s revenue for the quarter was up 3.0% on a year-over-year basis. Research analysts expect that DENTSPLY SIRONA Inc. will post 2.05 earnings per share for the current fiscal year.

DENTSPLY SIRONA Increases Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Friday, April 12th. Shareholders of record on Friday, March 29th were paid a $0.16 dividend. This represents a $0.64 dividend on an annualized basis and a yield of 2.11%. The ex-dividend date of this dividend was Wednesday, March 27th. This is an increase from DENTSPLY SIRONA’s previous quarterly dividend of $0.14. DENTSPLY SIRONA’s dividend payout ratio is -103.22%.

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.