Teacher Retirement System of Texas Acquires 12,696 Shares of DENTSPLY SIRONA Inc. (NASDAQ:XRAY)

Teacher Retirement System of Texas increased its holdings in DENTSPLY SIRONA Inc. (NASDAQ:XRAY) by 65.7% in the first quarter, according to its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 32,008 shares of the medical instruments supplier’s stock after buying an additional 12,696 shares during the period. Teacher Retirement System of Texas’ holdings in DENTSPLY SIRONA were worth $478,000 as of its most recent filing with the Securities & Exchange Commission.

A number of other hedge funds also recently bought and sold shares of the stock. Vanguard Group Inc. lifted its stake in shares of DENTSPLY SIRONA by 0.3% during the 4th quarter. Vanguard Group Inc. now owns 20,183,260 shares of the medical instruments supplier’s stock worth $383,078,000 after purchasing an additional 65,478 shares during the last quarter. Nuance Investments LLC lifted its position in shares of DENTSPLY SIRONA by 25.0% during the fourth quarter. Nuance Investments LLC now owns 13,545,981 shares of the medical instruments supplier’s stock valued at $257,103,000 after buying an additional 2,708,097 shares during the last quarter. Price T Rowe Associates Inc. MD boosted its holdings in shares of DENTSPLY SIRONA by 18.7% in the 4th quarter. Price T Rowe Associates Inc. MD now owns 12,549,242 shares of the medical instruments supplier’s stock valued at $238,186,000 after buying an additional 1,975,404 shares in the last quarter. Fuller & Thaler Asset Management Inc. grew its position in shares of DENTSPLY SIRONA by 2.8% in the 4th quarter. Fuller & Thaler Asset Management Inc. now owns 11,539,418 shares of the medical instruments supplier’s stock worth $219,018,000 after buying an additional 314,343 shares during the last quarter. Finally, Lazard Asset Management LLC raised its stake in shares of DENTSPLY SIRONA by 23.0% during the 4th quarter. Lazard Asset Management LLC now owns 8,044,228 shares of the medical instruments supplier’s stock worth $152,678,000 after acquiring an additional 1,505,928 shares in the last quarter. Hedge funds and other institutional investors own 95.70% of the company’s stock.

Wall Street Analysts Forecast Growth

Several equities analysts have issued reports on the stock. Barrington Research lifted their price target on shares of DENTSPLY SIRONA from $20.00 to $21.00 and gave the stock an “outperform” rating in a report on Monday, May 12th. UBS Group reduced their target price on DENTSPLY SIRONA from $27.00 to $25.00 and set a “buy” rating on the stock in a research report on Friday, May 9th. Wall Street Zen raised DENTSPLY SIRONA from a “hold” rating to a “buy” rating in a report on Sunday. Morgan Stanley lowered DENTSPLY SIRONA from an “overweight” rating to an “equal weight” rating and set a $14.00 price target on the stock. in a research note on Tuesday, April 15th. Finally, Piper Sandler decreased their price objective on shares of DENTSPLY SIRONA from $20.00 to $16.00 and set a “neutral” rating for the company in a research report on Wednesday, April 30th. Eleven investment analysts have rated the stock with a hold rating and three have given a buy rating to the stock. According to data from MarketBeat, DENTSPLY SIRONA presently has an average rating of “Hold” and a consensus price target of $20.36.

DENTSPLY SIRONA Stock Down 0.7%

Shares of XRAY stock opened at $15.81 on Thursday. DENTSPLY SIRONA Inc. has a twelve month low of $12.16 and a twelve month high of $27.95. The stock has a market cap of $3.15 billion, a P/E ratio of -3.48, a P/E/G ratio of 1.14 and a beta of 0.94. The stock has a 50 day moving average of $16.08 and a 200 day moving average of $16.34. The company has a current ratio of 1.10, a quick ratio of 0.76 and a debt-to-equity ratio of 0.79.

DENTSPLY SIRONA (NASDAQ:XRAY) last posted its earnings results on Thursday, May 8th. The medical instruments supplier reported $0.43 earnings per share for the quarter, beating the consensus estimate of $0.29 by $0.14. DENTSPLY SIRONA had a negative net margin of 24.42% and a positive return on equity of 14.31%. The firm had revenue of $879.00 million during the quarter, compared to analyst estimates of $854.75 million. During the same period in the previous year, the firm earned $0.42 EPS. The business’s quarterly revenue was down 7.8% on a year-over-year basis. As a group, sell-side analysts expect that DENTSPLY SIRONA Inc. will post 1.84 EPS for the current year.

DENTSPLY SIRONA Announces Dividend

The firm also recently declared a quarterly dividend, which was paid on Friday, July 11th. Investors of record on Friday, June 27th were issued a $0.16 dividend. The ex-dividend date of this dividend was Friday, June 27th. This represents a $0.64 dividend on an annualized basis and a yield of 4.05%. DENTSPLY SIRONA’s payout ratio is -14.10%.

About DENTSPLY SIRONA

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.