IFP Advisors Inc Has $61,000 Stock Holdings in DENTSPLY SIRONA Inc. $XRAY

IFP Advisors Inc raised its position in DENTSPLY SIRONA Inc. (NASDAQ:XRAY) by 924.5% in the 2nd quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The institutional investor owned 3,811 shares of the medical instruments supplier’s stock after acquiring an additional 3,439 shares during the period. IFP Advisors Inc’s holdings in DENTSPLY SIRONA were worth $61,000 as of its most recent SEC filing.

Other hedge funds also recently modified their holdings of the company. Mirae Asset Global Investments Co. Ltd. acquired a new position in shares of DENTSPLY SIRONA in the first quarter valued at $25,000. Brooklyn Investment Group acquired a new position in shares of DENTSPLY SIRONA in the 1st quarter valued at $26,000. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. bought a new position in shares of DENTSPLY SIRONA during the 1st quarter worth about $26,000. Caitong International Asset Management Co. Ltd boosted its position in shares of DENTSPLY SIRONA by 8,003.6% during the 1st quarter. Caitong International Asset Management Co. Ltd now owns 2,269 shares of the medical instruments supplier’s stock valued at $34,000 after acquiring an additional 2,241 shares in the last quarter. Finally, MassMutual Private Wealth & Trust FSB increased its stake in DENTSPLY SIRONA by 160.2% in the second quarter. MassMutual Private Wealth & Trust FSB now owns 2,805 shares of the medical instruments supplier’s stock valued at $45,000 after acquiring an additional 1,727 shares during the period. Institutional investors own 95.70% of the company’s stock.

Wall Street Analyst Weigh In

A number of brokerages have commented on XRAY. Wells Fargo & Company cut their price target on shares of DENTSPLY SIRONA from $16.00 to $15.00 and set an “equal weight” rating for the company in a research note on Friday, August 8th. UBS Group cut their target price on DENTSPLY SIRONA from $25.00 to $24.00 and set a “buy” rating for the company in a research report on Friday, August 8th. Needham & Company LLC reaffirmed a “hold” rating on shares of DENTSPLY SIRONA in a research note on Friday, September 26th. Evercore ISI dropped their price objective on DENTSPLY SIRONA from $17.00 to $13.00 and set an “in-line” rating for the company in a research note on Wednesday, October 8th. Finally, Weiss Ratings reissued a “sell (d-)” rating on shares of DENTSPLY SIRONA in a report on Wednesday, October 8th. Two investment analysts have rated the stock with a Buy rating, eleven have assigned a Hold rating and one has given a Sell rating to the stock. According to MarketBeat.com, DENTSPLY SIRONA has a consensus rating of “Hold” and a consensus price target of $18.00.

DENTSPLY SIRONA Stock Performance

DENTSPLY SIRONA stock opened at $12.93 on Tuesday. The stock has a 50-day simple moving average of $13.39 and a 200 day simple moving average of $14.52. The stock has a market capitalization of $2.58 billion, a price-to-earnings ratio of -2.73, a P/E/G ratio of 0.78 and a beta of 0.96. The company has a quick ratio of 1.11, a current ratio of 1.69 and a debt-to-equity ratio of 1.13. DENTSPLY SIRONA Inc. has a 12-month low of $11.69 and a 12-month high of $24.86.

DENTSPLY SIRONA (NASDAQ:XRAY) last posted its quarterly earnings data on Thursday, August 7th. The medical instruments supplier reported $0.52 earnings per share for the quarter, beating the consensus estimate of $0.50 by $0.02. DENTSPLY SIRONA had a negative net margin of 25.85% and a positive return on equity of 16.33%. The firm had revenue of $936.00 million during the quarter, compared to analysts’ expectations of $929.67 million. During the same quarter last year, the company posted $0.49 EPS. The company’s quarterly revenue was down 4.9% compared to the same quarter last year. DENTSPLY SIRONA has set its FY 2025 guidance at 1.800-2.000 EPS. On average, research analysts anticipate 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, October 10th. Shareholders of record on Friday, September 26th were issued a dividend of $0.16 per share. The ex-dividend date of this dividend was Friday, September 26th. This represents a $0.64 annualized dividend and a yield of 4.9%. DENTSPLY SIRONA’s dividend payout ratio is currently -13.50%.

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.