Envista Holdings Corporation $NVST Shares Sold by PNC Financial Services Group Inc.

PNC Financial Services Group Inc. decreased its stake in Envista Holdings Corporation (NYSE:NVST) by 11.3% during the 1st quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm owned 12,639 shares of the company’s stock after selling 1,603 shares during the quarter. PNC Financial Services Group Inc.’s holdings in Envista were worth $218,000 as of its most recent SEC filing.

Other institutional investors have also modified their holdings of the company. UMB Bank n.a. lifted its stake in shares of Envista by 214.4% in the first 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. Palouse Capital Management Inc. raised its stake in shares of Envista by 14.4% in the 1st 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 period. FourThought Financial Partners LLC acquired a new position in shares of Envista in the first quarter valued at approximately $180,000. Tower Research Capital LLC TRC grew its holdings in Envista by 51.3% during the 4th quarter. Tower Research Capital LLC TRC now owns 11,057 shares of the company’s stock worth $213,000 after acquiring an additional 3,751 shares in the last quarter. Finally, Sterling Capital Management LLC grew its holdings in Envista by 53.9% during the 4th quarter. Sterling Capital Management LLC now owns 11,105 shares of the company’s stock worth $214,000 after acquiring an additional 3,888 shares in the last quarter.

Analyst Upgrades and Downgrades

NVST has been the subject of several recent analyst reports. Stifel Nicolaus boosted their price objective on shares of Envista from $24.00 to $25.00 and gave the stock a “buy” rating in a research report on Friday, August 1st. Mizuho increased their price target on shares of Envista from $15.00 to $18.00 and gave the company an “underperform” rating in a report on Friday, August 1st. Piper Sandler increased their price objective on shares of Envista from $17.00 to $19.00 and gave the company a “neutral” rating in a research note on Friday, August 1st. UBS Group raised their price target on shares of Envista from $18.00 to $22.00 and gave the stock a “neutral” rating in a research note on Tuesday, July 29th. Finally, Wells Fargo & Company raised their price target on shares of Envista from $17.00 to $19.00 and gave the company an “equal weight” rating in a report on Friday, August 1st. One equities research analyst has rated the stock with a sell rating, nine have given a hold rating, four have given a buy rating and two have given a strong buy rating to the company. Based on data from MarketBeat.com, the stock currently has a consensus rating of “Hold” and an average target price of $20.92.

Envista Trading Down 0.8%

NYSE:NVST opened at $20.66 on Monday. The business’s 50-day simple moving average is $19.85 and its 200-day simple moving average is $18.57. Envista Holdings Corporation has a fifty-two week low of $14.22 and a fifty-two week high of $23.00. The stock has a market capitalization of $3.43 billion, a PE ratio of 64.56, a price-to-earnings-growth ratio of 1.11 and a beta of 1.00. The company has a debt-to-equity ratio of 0.46, a current ratio of 2.44 and a quick ratio of 2.08.

Envista (NYSE:NVST) last posted its quarterly earnings results on Thursday, July 31st. The company reported $0.26 earnings per share for the quarter, topping the consensus estimate of $0.24 by $0.02. The firm had revenue of $682.10 million for the quarter, compared to analyst estimates of $638.21 million. Envista had a return on equity of 4.84% and a net margin of 2.11%. The business’s quarterly revenue was up 7.7% on a year-over-year basis. During the same quarter in the previous year, the firm earned $0.11 EPS. Sell-side analysts expect that Envista Holdings Corporation will post 1 earnings per share for the current fiscal year.

Envista Company 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.