Yousif Capital Management LLC Decreases Holdings in DENTSPLY SIRONA Inc. (NASDAQ:XRAY)

Yousif Capital Management LLC cut its stake in DENTSPLY SIRONA Inc. (NASDAQ:XRAY) by 3.8% during the 4th quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm owned 35,790 shares of the medical instruments supplier’s stock after selling 1,428 shares during the quarter. Yousif Capital Management LLC’s holdings in DENTSPLY SIRONA were worth $1,274,000 at the end of the most recent quarter.

Other hedge funds and other institutional investors also recently modified their holdings of the company. Bar Harbor Wealth Management acquired a new position in DENTSPLY SIRONA during the 4th quarter worth approximately $4,931,000. DAVENPORT & Co LLC purchased a new position in shares of DENTSPLY SIRONA in the fourth quarter valued at $1,220,000. Andra AP fonden grew its holdings in DENTSPLY SIRONA by 20.3% during the 3rd quarter. Andra AP fonden now owns 302,700 shares of the medical instruments supplier’s stock valued at $10,340,000 after purchasing an additional 51,100 shares in the last quarter. Envestnet Asset Management Inc. increased its stake in DENTSPLY SIRONA by 98.1% during the 3rd quarter. Envestnet Asset Management Inc. now owns 347,220 shares of the medical instruments supplier’s stock worth $11,861,000 after buying an additional 171,958 shares during the period. Finally, Mirabella Financial Services LLP acquired a new position in DENTSPLY SIRONA in the 3rd quarter worth $802,000. Institutional investors and hedge funds own 95.70% of the company’s stock.

Wall Street Analyst Weigh In

A number of brokerages have recently issued reports on XRAY. Robert W. Baird dropped their target price on DENTSPLY SIRONA from $35.00 to $33.00 and set a “neutral” rating on the stock in a research report on Friday. SVB Leerink assumed coverage on DENTSPLY SIRONA in a report on Monday, February 26th. They set an “outperform” rating and a $42.00 price objective on the stock. StockNews.com cut DENTSPLY SIRONA from a “buy” rating to a “hold” rating in a research note on Friday. Needham & Company LLC decreased their price target on shares of DENTSPLY SIRONA from $42.00 to $36.00 and set a “buy” rating for the company in a research report on Friday. Finally, Piper Sandler reaffirmed a “neutral” rating and issued a $32.00 price target (down from $35.00) on shares of DENTSPLY SIRONA in a report on Friday. Five analysts have rated the stock with a hold rating and seven have issued a buy rating to the company’s stock. Based on data from MarketBeat.com, DENTSPLY SIRONA currently has a consensus rating of “Moderate Buy” and a consensus price target of $36.90.

DENTSPLY SIRONA Stock Performance

DENTSPLY SIRONA stock opened at $28.29 on Friday. The company has a quick ratio of 0.95, a current ratio of 1.43 and a debt-to-equity ratio of 0.54. DENTSPLY SIRONA Inc. has a 12 month low of $26.27 and a 12 month high of $41.65. The company has a fifty day moving average price of $32.13 and a two-hundred day moving average price of $32.71.

DENTSPLY SIRONA (NASDAQ:XRAY) last posted its quarterly earnings results on Thursday, May 2nd. The medical instruments supplier reported $0.42 EPS for the quarter, meeting the consensus estimate of $0.42. The business had revenue of $953.00 million during the quarter, compared to analyst estimates of $969.45 million. DENTSPLY SIRONA had a negative net margin of 2.41% and a positive return on equity of 11.54%. The company’s quarterly revenue was down 2.6% on a year-over-year basis. During the same period in the previous year, the business posted $0.39 EPS. On average, equities analysts anticipate that DENTSPLY SIRONA Inc. will post 2.05 earnings per share for the current fiscal year.

DENTSPLY SIRONA Increases Dividend

The business also recently announced a quarterly dividend, which was paid on Friday, April 12th. Stockholders of record on Friday, March 29th were issued a dividend of $0.16 per share. The ex-dividend date of this dividend was Wednesday, March 27th. This is a positive change from DENTSPLY SIRONA’s previous quarterly dividend of $0.14. This represents a $0.64 annualized dividend and a dividend yield of 2.26%. DENTSPLY SIRONA’s dividend payout ratio is -145.45%.

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.