DENTSPLY SIRONA (NASDAQ:XRAY) Sets New 52-Week Low on Analyst Downgrade

DENTSPLY SIRONA Inc. (NASDAQ:XRAY) hit a new 52-week low on Wednesday after Piper Sandler lowered their price target on the stock from $20.00 to $16.00. Piper Sandler currently has a neutral rating on the stock. DENTSPLY SIRONA traded as low as $13.38 and last traded at $13.90, with a volume of 3680447 shares trading hands. The stock had previously closed at $13.95.

A number of other equities research analysts also recently issued reports on the stock. Evercore ISI reissued an “in-line” rating and issued a $20.00 price target on shares of DENTSPLY SIRONA in a report on Tuesday, January 7th. Robert W. Baird cut their price target on shares of DENTSPLY SIRONA from $22.00 to $20.00 and set a “neutral” rating for the company in a report on Friday, February 28th. Wells Fargo & Company decreased their price target on shares of DENTSPLY SIRONA from $20.00 to $19.00 and set an “equal weight” rating on the stock in a report on Friday, February 28th. Needham & Company LLC reissued a “hold” rating on shares of DENTSPLY SIRONA in a research note on Thursday, March 13th. Finally, Barrington Research decreased their target price on DENTSPLY SIRONA from $24.00 to $20.00 and set an “outperform” rating on the stock in a research note on Friday, February 28th. Thirteen equities research analysts have rated the stock with a hold rating and two have issued a buy rating to the stock. According to MarketBeat.com, the stock presently has a consensus rating of “Hold” and a consensus target price of $21.25.

Insiders Place Their Bets

In other DENTSPLY SIRONA news, Director Gregory T. Lucier purchased 15,142 shares of the business’s stock in a transaction on Monday, March 3rd. The stock was acquired at an average cost of $16.51 per share, for a total transaction of $249,994.42. Following the completion of the transaction, the director now directly owns 81,971 shares in the company, valued at approximately $1,353,341.21. This represents a 22.66 % increase in their position. The transaction was disclosed in a filing with the SEC, which is available at this hyperlink. 0.52% of the stock is owned by insiders.

Institutional Inflows and Outflows

Large investors have recently modified their holdings of the stock. CWM LLC grew its position in DENTSPLY SIRONA by 124.5% during the 1st quarter. CWM LLC now owns 95,087 shares of the medical instruments supplier’s stock worth $1,421,000 after acquiring an additional 52,727 shares during the last quarter. Ballentine Partners LLC bought a new position in shares of DENTSPLY SIRONA in the first quarter worth approximately $210,000. Cerity Partners LLC increased its stake in shares of DENTSPLY SIRONA by 177.8% in the first quarter. Cerity Partners LLC now owns 182,195 shares of the medical instruments supplier’s stock worth $2,722,000 after buying an additional 116,607 shares during the period. Allworth Financial LP raised its holdings in DENTSPLY SIRONA by 175.8% during the 1st quarter. Allworth Financial LP now owns 3,949 shares of the medical instruments supplier’s stock valued at $54,000 after buying an additional 2,517 shares during the last quarter. Finally, Brown Advisory Inc. purchased a new stake in DENTSPLY SIRONA during the 1st quarter valued at $679,000. Hedge funds and other institutional investors own 95.70% of the company’s stock.

DENTSPLY SIRONA Stock Performance

The firm has a market cap of $2.78 billion, a P/E ratio of -6.73, a price-to-earnings-growth ratio of 1.80 and a beta of 0.92. The business’s fifty day simple moving average is $14.69 and its 200-day simple moving average is $18.04. The company has a current ratio of 1.25, a quick ratio of 0.84 and a debt-to-equity ratio of 0.72.

DENTSPLY SIRONA Dividend Announcement

The firm also recently declared a quarterly dividend, which was paid on Friday, April 11th. Shareholders of record on Friday, March 28th were given a dividend of $0.16 per share. This represents a $0.64 dividend on an annualized basis and a yield of 4.59%. The ex-dividend date of this dividend was Friday, March 28th. DENTSPLY SIRONA’s payout ratio is -14.07%.

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.