Retirement Systems of Alabama Has $1.66 Million Stock Position in DENTSPLY SIRONA Inc. (NASDAQ:XRAY)

Retirement Systems of Alabama lessened its holdings in shares of DENTSPLY SIRONA Inc. (NASDAQ:XRAY) by 2.5% during the fourth quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 46,691 shares of the medical instruments supplier’s stock after selling 1,181 shares during the quarter. Retirement Systems of Alabama’s holdings in DENTSPLY SIRONA were worth $1,662,000 at the end of the most recent reporting period.

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

Analysts Set New Price Targets

XRAY has been the subject of a number of research analyst reports. The Goldman Sachs Group reduced their price objective on DENTSPLY SIRONA from $34.00 to $30.00 and set a “neutral” rating for the company in a report on Monday. SVB Leerink started coverage on DENTSPLY SIRONA in a report on Monday, February 26th. They set an “outperform” rating and a $42.00 price objective for the company. Barrington Research cut their price target on DENTSPLY SIRONA from $41.00 to $38.00 and set an “outperform” rating for the company in a research note on Friday, May 3rd. StockNews.com cut DENTSPLY SIRONA from a “buy” rating to a “hold” rating in a research note on Friday, May 3rd. Finally, Needham & Company LLC cut their price target on DENTSPLY SIRONA from $42.00 to $36.00 and set a “buy” rating for the company in a research note on Friday, May 3rd. Five research analysts have rated the stock with a hold rating and seven have assigned a buy rating to the stock. According to MarketBeat.com, DENTSPLY SIRONA has a consensus rating of “Moderate Buy” and an average price target of $35.22.

DENTSPLY SIRONA Stock Down 1.6 %

NASDAQ XRAY opened at $27.81 on Thursday. The business has a fifty day moving average price of $31.80 and a two-hundred day moving average price of $32.63. The company has a debt-to-equity ratio of 0.54, a current ratio of 1.43 and a quick ratio of 0.97. DENTSPLY SIRONA Inc. has a fifty-two week low of $26.27 and a fifty-two week high of $41.65. The stock has a market capitalization of $5.77 billion, a PE ratio of -63.20, a PEG ratio of 1.24 and a beta of 1.00.

DENTSPLY SIRONA (NASDAQ:XRAY) last released its earnings results on Thursday, May 2nd. The medical instruments supplier reported $0.42 earnings per share for the quarter, hitting the consensus estimate of $0.42. DENTSPLY SIRONA had a positive return on equity of 11.54% and a negative net margin of 2.41%. The firm had revenue of $953.00 million during the quarter, compared to analysts’ expectations of $969.45 million. During the same period in the prior year, the company earned $0.39 earnings per share. The company’s quarterly revenue was down 2.6% on a year-over-year basis. Equities analysts expect that DENTSPLY SIRONA Inc. will post 2.03 earnings per share for the current fiscal year.

DENTSPLY SIRONA Increases Dividend

The business also recently declared 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 was Wednesday, March 27th. This is an increase from DENTSPLY SIRONA’s previous quarterly dividend of $0.14. This represents a $0.64 annualized dividend and a dividend yield of 2.30%. 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.