Allworth Financial LP Boosts Stake in DENTSPLY SIRONA Inc. (NASDAQ:XRAY)

Allworth Financial LP raised its stake in shares of DENTSPLY SIRONA Inc. (NASDAQ:XRAY) by 175.8% during the first quarter, according to the company in its most recent 13F filing with the SEC. The fund owned 3,949 shares of the medical instruments supplier’s stock after buying an additional 2,517 shares during the quarter. Allworth Financial LP’s holdings in DENTSPLY SIRONA were worth $54,000 at the end of the most recent reporting period.

A number of other institutional investors also recently made changes to their positions in XRAY. Colonial Trust Co SC purchased a new position in shares of DENTSPLY SIRONA during the fourth quarter valued at approximately $26,000. Mirae Asset Global Investments Co. Ltd. acquired a new position in DENTSPLY SIRONA in the 1st quarter valued at $25,000. Mitsubishi UFJ Asset Management Co. Ltd. lifted its stake in shares of DENTSPLY SIRONA by 700.0% during the 4th quarter. Mitsubishi UFJ Asset Management Co. Ltd. now owns 1,792 shares of the medical instruments supplier’s stock worth $33,000 after purchasing an additional 1,568 shares during the period. True Wealth Design LLC boosted its holdings in shares of DENTSPLY SIRONA by 866.7% during the fourth quarter. True Wealth Design LLC now owns 2,175 shares of the medical instruments supplier’s stock worth $41,000 after purchasing an additional 1,950 shares during the last quarter. Finally, Quarry LP boosted its holdings in shares of DENTSPLY SIRONA by 25.7% during the fourth quarter. Quarry LP now owns 3,816 shares of the medical instruments supplier’s stock worth $72,000 after purchasing an additional 780 shares during the last quarter. 95.70% of the stock is owned by institutional investors and hedge funds.

Analyst Ratings Changes

A number of analysts have issued reports on XRAY shares. Wall Street Zen raised DENTSPLY SIRONA from a “hold” rating to a “buy” rating in a research note on Sunday, July 13th. Piper Sandler decreased their target price on shares of DENTSPLY SIRONA from $20.00 to $16.00 and set a “neutral” rating on the stock in a research report on Wednesday, April 30th. Morgan Stanley lowered shares of DENTSPLY SIRONA from an “overweight” rating to an “equal weight” rating and set a $14.00 price target for the company. in a research report on Tuesday, April 15th. Barrington Research lifted their price target on shares of DENTSPLY SIRONA from $20.00 to $21.00 and gave the company an “outperform” rating in a report on Monday, May 12th. Finally, UBS Group dropped their price objective on DENTSPLY SIRONA from $27.00 to $25.00 and set a “buy” rating for the company in a report on Friday, May 9th. Ten equities research analysts have rated the stock with a hold rating and three have given a buy rating to the company. According to data from MarketBeat, DENTSPLY SIRONA has a consensus rating of “Hold” and an average target price of $19.60.

DENTSPLY SIRONA Stock Down 0.6%

Shares of DENTSPLY SIRONA stock opened at $15.68 on Friday. 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 $3.12 billion, a price-to-earnings ratio of -3.45, a price-to-earnings-growth ratio of 1.13 and a beta of 0.94. The company has a current ratio of 1.10, a quick ratio of 0.76 and a debt-to-equity ratio of 0.79. The company has a fifty day moving average price of $16.07 and a 200 day moving average price of $16.29.

DENTSPLY SIRONA (NASDAQ:XRAY) last issued its quarterly earnings data on Thursday, May 8th. The medical instruments supplier reported $0.43 EPS for the quarter, topping analysts’ consensus estimates of $0.29 by $0.14. DENTSPLY SIRONA had a positive return on equity of 14.31% and a negative net margin of 24.42%. The company had revenue of $879.00 million for the quarter, compared to analysts’ expectations of $854.75 million. During the same quarter in the previous year, the firm posted $0.42 earnings per share. The firm’s quarterly revenue was down 7.8% on a year-over-year basis. Equities research analysts forecast that DENTSPLY SIRONA Inc. will post 1.84 earnings per share for the current fiscal year.

DENTSPLY SIRONA Announces Dividend

The company also recently disclosed a quarterly dividend, which was paid on Friday, July 11th. Stockholders of record on Friday, June 27th were paid a dividend of $0.16 per share. The ex-dividend date was Friday, June 27th. This represents a $0.64 dividend on an annualized basis and a dividend yield of 4.08%. DENTSPLY SIRONA’s dividend payout ratio is currently -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.