KLP Kapitalforvaltning AS Raises Stock Holdings in DENTSPLY SIRONA Inc. $XRAY

KLP Kapitalforvaltning AS increased its position in DENTSPLY SIRONA Inc. (NASDAQ:XRAY) by 11.6% in the second quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 42,200 shares of the medical instruments supplier’s stock after acquiring an additional 4,400 shares during the period. KLP Kapitalforvaltning AS’s holdings in DENTSPLY SIRONA were worth $676,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Other hedge funds have also modified their holdings of the company. Envestnet Asset Management Inc. increased its holdings in shares of DENTSPLY SIRONA by 9.0% in the first quarter. Envestnet Asset Management Inc. now owns 494,737 shares of the medical instruments supplier’s stock valued at $7,391,000 after purchasing an additional 40,936 shares during the period. Brown Advisory Inc. purchased a new stake in DENTSPLY SIRONA in the first quarter valued at approximately $679,000. Dynamic Technology Lab Private Ltd purchased a new stake in DENTSPLY SIRONA in the first quarter valued at approximately $366,000. Krilogy Financial LLC acquired a new stake in DENTSPLY SIRONA during the 2nd quarter valued at approximately $336,000. Finally, BFI Infinity Ltd. acquired a new stake in DENTSPLY SIRONA during the 2nd quarter valued at approximately $335,000. 95.70% of the stock is owned by institutional investors and hedge funds.

Analyst Upgrades and Downgrades

Several research analysts recently issued reports on the stock. Evercore ISI reduced their target price on shares of DENTSPLY SIRONA from $17.00 to $13.00 and set an “in-line” rating for the company in a report on Wednesday, October 8th. Needham & Company LLC reissued a “hold” rating on shares of DENTSPLY SIRONA in a report on Friday, September 26th. Stifel Nicolaus lowered their target price on DENTSPLY SIRONA from $19.00 to $17.00 and set a “hold” rating on the stock in a research note on Friday, August 8th. Wells Fargo & Company dropped their target price on DENTSPLY SIRONA from $16.00 to $15.00 and set an “equal weight” rating on the stock in a report on Friday, August 8th. Finally, Barrington Research decreased their price target on DENTSPLY SIRONA from $21.00 to $18.00 and set an “outperform” rating for the company in a report on Friday, August 8th. Two equities research analysts have rated the stock with a Buy rating, eleven have assigned a Hold rating and one has assigned a Sell rating to the company’s stock. According to MarketBeat, the stock presently has an average rating of “Hold” and an average target price of $18.00.

DENTSPLY SIRONA Trading Down 1.4%

XRAY stock opened at $12.62 on Friday. The firm has a market cap of $2.52 billion, a P/E ratio of -2.66, a PEG ratio of 0.80 and a beta of 0.96. DENTSPLY SIRONA Inc. has a 52-week low of $11.69 and a 52-week high of $24.86. The company has a quick ratio of 1.11, a current ratio of 1.69 and a debt-to-equity ratio of 1.13. The company’s 50-day simple moving average is $13.39 and its 200-day simple moving average is $14.53.

DENTSPLY SIRONA (NASDAQ:XRAY) last released its quarterly earnings results on Thursday, August 7th. The medical instruments supplier reported $0.52 earnings per share for the quarter, topping analysts’ consensus estimates of $0.50 by $0.02. The company had revenue of $936.00 million during the quarter, compared to analysts’ expectations of $929.67 million. DENTSPLY SIRONA had a positive return on equity of 16.33% and a negative net margin of 25.85%.DENTSPLY SIRONA’s quarterly revenue was down 4.9% compared to the same quarter last year. During the same quarter 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, equities analysts forecast that DENTSPLY SIRONA Inc. will post 1.84 EPS for the current fiscal year.

DENTSPLY SIRONA Dividend Announcement

The business also recently declared a quarterly dividend, which was paid on Friday, October 10th. Investors of record on Friday, September 26th were paid a $0.16 dividend. The ex-dividend date of this dividend was Friday, September 26th. This represents a $0.64 dividend on an annualized basis and a yield of 5.1%. DENTSPLY SIRONA’s dividend payout ratio (DPR) is currently -13.50%.

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.