Mutual of America Capital Management LLC Sells 108,116 Shares of Envista Holdings Corporation $NVST

Mutual of America Capital Management LLC lowered its position in shares of Envista Holdings Corporation (NYSE:NVST) by 56.2% in the second quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The fund owned 84,287 shares of the company’s stock after selling 108,116 shares during the quarter. Mutual of America Capital Management LLC’s holdings in Envista were worth $1,647,000 at the end of the most recent reporting period.

A number of other institutional investors and hedge funds also recently made changes to their positions in the company. Allianz Asset Management GmbH raised its position in shares of Envista by 10.2% during the second quarter. Allianz Asset Management GmbH now owns 469,085 shares of the company’s stock worth $9,166,000 after acquiring an additional 43,600 shares during the last quarter. Pzena Investment Management LLC raised its position in shares of Envista by 7.2% during the second quarter. Pzena Investment Management LLC now owns 2,459,082 shares of the company’s stock worth $48,050,000 after acquiring an additional 164,825 shares during the last quarter. CWM LLC raised its position in shares of Envista by 61.2% during the second quarter. CWM LLC now owns 41,804 shares of the company’s stock worth $817,000 after acquiring an additional 15,876 shares during the last quarter. Vanguard Personalized Indexing Management LLC raised its position in shares of Envista by 5.6% during the second quarter. Vanguard Personalized Indexing Management LLC now owns 20,100 shares of the company’s stock worth $393,000 after acquiring an additional 1,067 shares during the last quarter. Finally, KLP Kapitalforvaltning AS raised its position in shares of Envista by 11.3% during the second quarter. KLP Kapitalforvaltning AS now owns 36,400 shares of the company’s stock worth $711,000 after acquiring an additional 3,700 shares during the last quarter.

Analysts Set New Price Targets

NVST has been the subject of a number of recent research reports. Piper Sandler boosted their target price on Envista from $17.00 to $19.00 and gave the stock a “neutral” rating in a research report on Friday, August 1st. Zacks Research downgraded Envista from a “strong-buy” rating to a “hold” rating in a report on Monday, September 15th. UBS Group raised their target price on Envista from $18.00 to $22.00 and gave the stock a “neutral” rating in a report on Tuesday, July 29th. Wall Street Zen cut Envista from a “strong-buy” rating to a “buy” rating in a report on Saturday, August 30th. Finally, Mizuho raised their target price on Envista from $15.00 to $18.00 and gave the stock an “underperform” rating in a report on Friday, August 1st. One research analyst has rated the stock with a Strong Buy rating, four have given a Buy rating, ten have issued a Hold rating and two have given a Sell rating to the company. According to data from MarketBeat, Envista currently has a consensus rating of “Hold” and a consensus target price of $21.08.

Envista Stock Up 0.9%

Shares of Envista stock opened at $20.40 on Monday. Envista Holdings Corporation has a 1 year low of $14.22 and a 1 year high of $23.00. The business has a 50-day moving average of $20.59 and a two-hundred day moving average of $19.23. The company has a market capitalization of $3.39 billion, a P/E ratio of 63.75, a price-to-earnings-growth ratio of 1.09 and a beta of 1.01. 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 announced its quarterly earnings results on Thursday, July 31st. The company reported $0.26 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.24 by $0.02. Envista had a return on equity of 4.84% and a net margin of 2.11%.The company had revenue of $682.10 million during the quarter, compared to the consensus estimate of $638.21 million. During the same period in the prior year, the company earned $0.11 earnings per share. The company’s revenue for the quarter was up 7.7% compared to the same quarter last year. Envista has set its FY 2025 guidance at 1.050-1.15 EPS. As a group, equities analysts predict that Envista Holdings Corporation will post 1 EPS for the current year.

About Envista

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.