Cibc World Market Inc. Cuts Stake in DENTSPLY SIRONA Inc. $XRAY

Cibc World Market Inc. reduced its position in DENTSPLY SIRONA Inc. (NASDAQ:XRAY) by 42.0% in the 3rd quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 536,540 shares of the medical instruments supplier’s stock after selling 388,618 shares during the quarter. Cibc World Market Inc. owned 0.27% of DENTSPLY SIRONA worth $6,809,000 as of its most recent SEC filing.

Several other hedge funds and other institutional investors also recently added to or reduced their stakes in XRAY. Arizona State Retirement System raised its holdings in shares of DENTSPLY SIRONA by 1.4% in the 3rd quarter. Arizona State Retirement System now owns 58,952 shares of the medical instruments supplier’s stock valued at $748,000 after purchasing an additional 807 shares in the last quarter. True Wealth Design LLC increased its holdings in DENTSPLY SIRONA by 49.7% during the third quarter. True Wealth Design LLC now owns 3,557 shares of the medical instruments supplier’s stock valued at $45,000 after buying an additional 1,181 shares during the period. Sivia Capital Partners LLC raised its stake in DENTSPLY SIRONA by 5.3% in the third quarter. Sivia Capital Partners LLC now owns 25,774 shares of the medical instruments supplier’s stock worth $327,000 after buying an additional 1,293 shares in the last quarter. AlphaQuest LLC lifted its holdings in DENTSPLY SIRONA by 2.5% during the second quarter. AlphaQuest LLC now owns 52,817 shares of the medical instruments supplier’s stock worth $839,000 after buying an additional 1,294 shares during the period. Finally, Empowered Funds LLC boosted its position in DENTSPLY SIRONA by 8.8% during the 1st quarter. Empowered Funds LLC now owns 16,324 shares of the medical instruments supplier’s stock valued at $244,000 after acquiring an additional 1,320 shares in the last quarter. 95.70% of the stock is currently owned by institutional investors.

Analyst Upgrades and Downgrades

A number of brokerages recently weighed in on XRAY. Stifel Nicolaus set a $13.00 price objective on DENTSPLY SIRONA in a research note on Thursday, November 6th. Barrington Research reissued an “outperform” rating and set a $14.00 price target on shares of DENTSPLY SIRONA in a research report on Monday, January 5th. Wall Street Zen downgraded shares of DENTSPLY SIRONA from a “buy” rating to a “hold” rating in a research report on Saturday, October 18th. Wells Fargo & Company decreased their target price on shares of DENTSPLY SIRONA from $15.00 to $12.00 and set an “equal weight” rating for the company in a research report on Friday, November 7th. Finally, Robert W. Baird cut their price target on shares of DENTSPLY SIRONA from $14.00 to $12.00 and set a “neutral” rating on the stock in a report on Tuesday, December 16th. Two analysts have rated the stock with a Buy rating, nine have assigned a Hold rating and three have assigned a Sell rating to the company’s stock. According to data from MarketBeat, DENTSPLY SIRONA presently has an average rating of “Reduce” and a consensus price target of $14.25.

Insider Buying and Selling

In related news, Director Gregory T. Lucier sold 82,200 shares of the stock in a transaction that occurred on Monday, December 8th. The shares were sold at an average price of $11.14, for a total value of $915,708.00. The sale was disclosed in a filing with the SEC, which is available at the SEC website. 0.50% of the stock is currently owned by corporate insiders.

DENTSPLY SIRONA Stock Up 1.1%

NASDAQ:XRAY opened at $12.95 on Friday. The company has a current ratio of 1.47, a quick ratio of 0.99 and a debt-to-equity ratio of 1.36. DENTSPLY SIRONA Inc. has a twelve month low of $9.85 and a twelve month high of $19.27. The company has a market cap of $2.58 billion, a PE ratio of -2.93, a P/E/G ratio of 1.01 and a beta of 1.01. The company’s 50 day moving average is $12.11 and its two-hundred day moving average is $12.57.

DENTSPLY SIRONA Dividend Announcement

The company also recently announced a quarterly dividend, which was paid on Friday, January 9th. Investors of record on Friday, December 26th were given a $0.16 dividend. The ex-dividend date was Friday, December 26th. This represents a $0.64 dividend on an annualized basis and a yield of 4.9%. DENTSPLY SIRONA’s dividend payout ratio is currently -14.48%.

About DENTSPLY SIRONA

Dentsply Sirona Inc (NASDAQ: XRAY) is a leading global manufacturer of professional dental products and technologies. The company, formed through the merger of Dentsply International and Sirona Dental Systems in February 2016, brings together a long heritage of innovation in dental care. Headquartered in Charlotte, North Carolina, Dentsply Sirona develops and markets a comprehensive range of dental consumables, laboratory products, and advanced imaging and CAD/CAM systems.

The company’s product portfolio spans preventive, restorative, orthodontic, endodontic and surgical care.