Principal Financial Group Inc. Purchases 2,008 Shares of Envista Holdings Corporation (NYSE:NVST)

Principal Financial Group Inc. raised its holdings in shares of Envista Holdings Corporation (NYSE:NVST) by 0.5% in the 1st quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 396,548 shares of the company’s stock after purchasing an additional 2,008 shares during the quarter. Principal Financial Group Inc. owned approximately 0.23% of Envista worth $6,844,000 at the end of the most recent reporting period.

Several other hedge funds have also added to or reduced their stakes in the business. Treasurer of the State of North Carolina grew its holdings in shares of Envista by 0.6% during the fourth quarter. Treasurer of the State of North Carolina now owns 75,560 shares of the company’s stock worth $1,458,000 after purchasing an additional 480 shares during the last quarter. Xponance Inc. boosted its holdings in Envista by 5.8% in the fourth quarter. Xponance Inc. now owns 19,726 shares of the company’s stock valued at $381,000 after acquiring an additional 1,077 shares during the last quarter. Palouse Capital Management Inc. boosted its holdings in Envista by 14.4% in the first quarter. Palouse Capital Management Inc. now owns 9,444 shares of the company’s stock valued at $163,000 after acquiring an additional 1,186 shares during the last quarter. California Public Employees Retirement System boosted its holdings in Envista by 0.4% in the fourth quarter. California Public Employees Retirement System now owns 288,546 shares of the company’s stock valued at $5,566,000 after acquiring an additional 1,272 shares during the last quarter. Finally, UMB Bank n.a. boosted its holdings in shares of Envista by 214.4% during the 1st quarter. UMB Bank n.a. now owns 2,094 shares of the company’s stock worth $36,000 after buying an additional 1,428 shares in the last quarter.

Wall Street Analysts Forecast Growth

A number of brokerages have recently weighed in on NVST. Baird R W raised Envista from a “hold” rating to a “strong-buy” rating in a research report on Tuesday, May 27th. Evercore ISI increased their price target on Envista from $19.00 to $23.00 and gave the company an “outperform” rating in a research report on Wednesday, July 9th. Bank of America lowered their price target on Envista from $26.00 to $23.00 and set a “buy” rating for the company in a research report on Tuesday, April 29th. UBS Group lowered their price target on Envista from $21.00 to $18.00 and set a “neutral” rating for the company in a research report on Monday, May 5th. Finally, Robert W. Baird raised Envista from a “neutral” rating to an “outperform” rating and increased their price target for the company from $21.00 to $23.00 in a research report on Tuesday, May 27th. One research analyst has rated the stock with a sell rating, nine have issued a hold rating, four have assigned a buy rating and one has given a strong buy rating to the company. According to data from MarketBeat, the company has an average rating of “Hold” and a consensus price target of $20.23.

Envista Trading Down 1.1%

Shares of NYSE:NVST opened at $19.80 on Wednesday. The stock has a market capitalization of $3.36 billion, a price-to-earnings ratio of -3.03, a PEG ratio of 1.27 and a beta of 1.00. The company has a debt-to-equity ratio of 0.43, a quick ratio of 1.82 and a current ratio of 2.12. The stock’s 50-day simple moving average is $18.77 and its two-hundred day simple moving average is $18.52. Envista Holdings Corporation has a 52-week low of $14.22 and a 52-week high of $23.00.

Envista (NYSE:NVST) last posted its quarterly earnings data on Thursday, May 1st. The company reported $0.24 EPS for the quarter, topping the consensus estimate of $0.20 by $0.04. Envista had a positive return on equity of 4.07% and a negative net margin of 44.90%. The firm had revenue of $616.90 million for the quarter, compared to the consensus estimate of $608.17 million. During the same quarter last year, the company earned $0.26 earnings per share. The business’s revenue for the quarter was down 1.1% compared to the same quarter last year. Analysts expect that Envista Holdings Corporation will post 1 EPS for the current year.

Envista Profile

Envista Holdings Corporation, together with its subsidiaries, develops, manufactures, markets, and sells dental products in the United States, China, and internationally. The company operates in two segments, Specialty Products & Technologies, and Equipment & Consumables. The Specialty Products & Technologies segment offers dental implant systems, guided surgery systems, biomaterials, and prefabricated and custom-built prosthetics to oral surgeons, prosthodontists and periodontists, and general dentist; and brackets and wires, tubes and bands, archwires, clear aligners, digital orthodontic treatments, retainers, and other orthodontic laboratory products.