DENTSPLY SIRONA Inc. (NASDAQ:XRAY) Receives Consensus Rating of “Reduce” from Analysts

DENTSPLY SIRONA Inc. (NASDAQ:XRAY) has received an average rating of “Reduce” from the fourteen brokerages that are currently covering the company, MarketBeat reports. Three equities research analysts have rated the stock with a sell rating, nine have given a hold rating and two have issued a buy rating on the company. The average 1-year price objective among brokers that have issued ratings on the stock in the last year is $14.25.

Several brokerages have recently commented on XRAY. Zacks Research downgraded DENTSPLY SIRONA from a “hold” rating to a “strong sell” rating in a report on Monday, November 10th. Stifel Nicolaus set a $13.00 target price on shares of DENTSPLY SIRONA in a research note on Thursday, November 6th. Wall Street Zen cut shares of DENTSPLY SIRONA from a “buy” rating to a “hold” rating in a research note on Saturday, October 18th. Barclays began coverage on shares of DENTSPLY SIRONA in a report on Monday, December 8th. They issued an “underweight” rating and a $12.00 price target for the company. Finally, UBS Group reduced their price objective on DENTSPLY SIRONA from $17.00 to $16.00 and set a “buy” rating on the stock in a report on Tuesday, February 3rd.

DENTSPLY SIRONA Stock Up 1.1%

Shares of NASDAQ XRAY opened at $12.95 on Friday. DENTSPLY SIRONA has a 52-week low of $9.85 and a 52-week high of $19.27. The company has a debt-to-equity ratio of 1.36, a quick ratio of 0.99 and a current ratio of 1.47. The business has a fifty day moving average of $12.11 and a two-hundred day moving average of $12.57. The stock has a market cap of $2.58 billion, a PE ratio of -2.93, a PEG ratio of 1.01 and a beta of 1.01.

DENTSPLY SIRONA Dividend Announcement

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

Insider Buying and Selling at DENTSPLY SIRONA

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 document filed with the SEC, which can be accessed through this link. 0.50% of the stock is currently owned by company insiders.

Institutional Trading of DENTSPLY SIRONA

Several institutional investors and hedge funds have recently made changes to their positions in XRAY. Eurizon Capital SGR S.p.A. acquired a new stake in shares of DENTSPLY SIRONA during the fourth quarter worth $26,000. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. acquired a new position in shares of DENTSPLY SIRONA during the 1st quarter worth about $26,000. Parkside Financial Bank & Trust increased its stake in shares of DENTSPLY SIRONA by 620.6% in the 2nd quarter. Parkside Financial Bank & Trust now owns 1,715 shares of the medical instruments supplier’s stock valued at $27,000 after acquiring an additional 1,477 shares during the last quarter. Huntington National Bank raised its position in shares of DENTSPLY SIRONA by 292.9% in the 3rd quarter. Huntington National Bank now owns 2,786 shares of the medical instruments supplier’s stock valued at $35,000 after acquiring an additional 2,077 shares during the period. Finally, Caitong International Asset Management Co. Ltd raised its position in shares of DENTSPLY SIRONA by 337.9% in the 3rd quarter. Caitong International Asset Management Co. Ltd now owns 2,750 shares of the medical instruments supplier’s stock valued at $35,000 after acquiring an additional 2,122 shares during the period. Institutional investors own 95.70% of the company’s stock.

DENTSPLY SIRONA Company Profile

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.