DENTSPLY SIRONA Inc. (NASDAQ:XRAY) Shares Sold by Mutual of America Capital Management LLC

Mutual of America Capital Management LLC lessened its holdings in DENTSPLY SIRONA Inc. (NASDAQ:XRAY) by 2.6% in the first quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm owned 102,308 shares of the medical instruments supplier’s stock after selling 2,697 shares during the quarter. Mutual of America Capital Management LLC owned approximately 0.05% of DENTSPLY SIRONA worth $1,528,000 at the end of the most recent quarter.

Other hedge funds have also recently added to or reduced their stakes in the company. Mirae Asset Global Investments Co. Ltd. bought a new stake in shares of DENTSPLY SIRONA during the first quarter valued at about $25,000. Colonial Trust Co SC bought a new stake in shares of DENTSPLY SIRONA during the fourth quarter valued at about $26,000. Mitsubishi UFJ Asset Management Co. Ltd. raised its stake in shares of DENTSPLY SIRONA by 700.0% during the fourth quarter. Mitsubishi UFJ Asset Management Co. Ltd. now owns 1,792 shares of the medical instruments supplier’s stock valued at $33,000 after purchasing an additional 1,568 shares in the last quarter. True Wealth Design LLC raised its stake 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 valued at $41,000 after purchasing an additional 1,950 shares in the last quarter. Finally, Allworth Financial LP raised its stake in shares of DENTSPLY SIRONA by 175.8% during the first quarter. Allworth Financial LP now owns 3,949 shares of the medical instruments supplier’s stock valued at $54,000 after purchasing an additional 2,517 shares in the last quarter. Institutional investors and hedge funds own 95.70% of the company’s stock.

Wall Street Analysts Forecast Growth

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

DENTSPLY SIRONA Price Performance

NASDAQ XRAY opened at $15.68 on Monday. The company has a 50 day simple moving average of $16.07 and a 200-day simple moving average of $16.26. The company has a debt-to-equity ratio of 0.79, a current ratio of 1.10 and a quick ratio of 0.76. The firm has a market capitalization of $3.12 billion, a price-to-earnings ratio of -3.45, a price-to-earnings-growth ratio of 1.12 and a beta of 0.94. DENTSPLY SIRONA Inc. has a 52-week low of $12.16 and a 52-week high of $27.95.

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

DENTSPLY SIRONA Dividend Announcement

The company also recently disclosed 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 was Friday, June 27th. This represents a $0.64 dividend on an annualized basis and a yield of 4.08%. DENTSPLY SIRONA’s dividend payout ratio is currently -14.10%.

DENTSPLY SIRONA 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.