Public Employees Retirement System of Ohio Raises Stock Position in DENTSPLY SIRONA Inc. $XRAY

Public Employees Retirement System of Ohio lifted its holdings in DENTSPLY SIRONA Inc. (NASDAQ:XRAY) by 1.4% during the second quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 61,873 shares of the medical instruments supplier’s stock after buying an additional 861 shares during the quarter. Public Employees Retirement System of Ohio’s holdings in DENTSPLY SIRONA were worth $983,000 as of its most recent SEC filing.

Other hedge funds and other institutional investors have also recently modified their holdings of the company. Envestnet Asset Management Inc. grew its position in shares of DENTSPLY SIRONA by 9.0% in the 1st quarter. Envestnet Asset Management Inc. now owns 494,737 shares of the medical instruments supplier’s stock worth $7,391,000 after buying an additional 40,936 shares during the period. Brown Advisory Inc. purchased a new stake in shares of DENTSPLY SIRONA in the 1st quarter worth about $679,000. Dynamic Technology Lab Private Ltd purchased a new stake in shares of DENTSPLY SIRONA in the 1st quarter worth about $366,000. Krilogy Financial LLC purchased a new stake in shares of DENTSPLY SIRONA in the 2nd quarter worth about $336,000. Finally, Counterpoint Mutual Funds LLC purchased a new stake in shares of DENTSPLY SIRONA in the 2nd quarter worth about $402,000. 95.70% of the stock is owned by hedge funds and other institutional investors.

DENTSPLY SIRONA Trading Up 1.8%

DENTSPLY SIRONA stock opened at $13.19 on Friday. The firm has a 50 day moving average of $13.80 and a 200 day moving average of $14.72. The firm has a market capitalization of $2.63 billion, a price-to-earnings ratio of -2.78, a P/E/G ratio of 0.82 and a beta of 0.96. DENTSPLY SIRONA Inc. has a 12-month low of $12.14 and a 12-month high of $25.23. The company has a current ratio of 1.69, a quick ratio of 1.11 and a debt-to-equity ratio of 1.13.

DENTSPLY SIRONA (NASDAQ:XRAY) last released its earnings results on Thursday, August 7th. The medical instruments supplier reported $0.52 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.50 by $0.02. The company had revenue of $936.00 million during the quarter, compared to analyst estimates of $929.67 million. DENTSPLY SIRONA had a negative net margin of 25.85% and a positive return on equity of 16.33%. The firm’s quarterly revenue was down 4.9% compared to the same quarter last year. During the same period in the prior year, the firm posted $0.49 EPS. DENTSPLY SIRONA has set its FY 2025 guidance at 1.800-2.000 EPS. As a group, research analysts predict that DENTSPLY SIRONA Inc. will post 1.84 earnings per share for the current year.

DENTSPLY SIRONA Announces Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Friday, October 10th. Shareholders of record on Friday, September 26th will be issued a dividend of $0.16 per share. This represents a $0.64 dividend on an annualized basis and a yield of 4.9%. The ex-dividend date of this dividend is Friday, September 26th. DENTSPLY SIRONA’s dividend payout ratio (DPR) is -13.50%.

Wall Street Analyst Weigh In

A number of analysts have recently weighed in on the stock. Needham & Company LLC reaffirmed a “hold” rating on shares of DENTSPLY SIRONA in a research report on Friday, September 26th. Barrington Research dropped their price target on shares of DENTSPLY SIRONA from $21.00 to $18.00 and set an “outperform” rating on the stock in a research note on Friday, August 8th. Wall Street Zen upgraded shares of DENTSPLY SIRONA from a “hold” rating to a “buy” rating in a research note on Friday, September 26th. UBS Group dropped their price target on shares of DENTSPLY SIRONA from $25.00 to $24.00 and set a “buy” rating on the stock in a research note on Friday, August 8th. Finally, Weiss Ratings reiterated a “sell (d-)” rating on shares of DENTSPLY SIRONA in a research note on Saturday, September 27th. Two equities research analysts have rated the stock with a Buy rating, eleven have issued a Hold rating and one has given a Sell rating to the company. According to data from MarketBeat.com, the stock currently has an average rating of “Hold” and an average price target of $18.64.

DENTSPLY SIRONA Company 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.