Teacher Retirement System of Texas lifted its position in shares of DENTSPLY SIRONA Inc. (NASDAQ:XRAY – Get Rating) by 18.3% in the 3rd quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The fund owned 39,801 shares of the medical instruments supplier's stock after purchasing an additional 6,147 shares during the period. Teacher Retirement System of Texas' holdings in DENTSPLY SIRONA were worth $1,128,000 at the end of the most recent reporting period.
A number of other institutional investors and hedge funds have also recently bought and sold shares of XRAY. MetLife Investment Management LLC lifted its position in DENTSPLY SIRONA by 23.1% in the first quarter. MetLife Investment Management LLC now owns 59,453 shares of the medical instruments supplier's stock valued at $2,926,000 after acquiring an additional 11,156 shares during the last quarter. Commonwealth of Pennsylvania Public School Empls Retrmt SYS lifted its position in DENTSPLY SIRONA by 6.6% in the first quarter. Commonwealth of Pennsylvania Public School Empls Retrmt SYS now owns 29,250 shares of the medical instruments supplier's stock valued at $1,440,000 after acquiring an additional 1,811 shares during the last quarter. Raymond James Trust N.A. lifted its position in DENTSPLY SIRONA by 61.7% in the first quarter. Raymond James Trust N.A. now owns 7,042 shares of the medical instruments supplier's stock valued at $346,000 after acquiring an additional 2,687 shares during the last quarter. Dimensional Fund Advisors LP lifted its position in DENTSPLY SIRONA by 6.9% in the first quarter. Dimensional Fund Advisors LP now owns 1,833,372 shares of the medical instruments supplier's stock valued at $90,243,000 after acquiring an additional 117,571 shares during the last quarter. Finally, Sei Investments Co. lifted its position in DENTSPLY SIRONA by 18.9% in the first quarter. Sei Investments Co. now owns 468,759 shares of the medical instruments supplier's stock valued at $23,090,000 after acquiring an additional 74,629 shares during the last quarter. 98.52% of the stock is owned by hedge funds and other institutional investors.
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DENTSPLY SIRONA Trading Up 0.8 %
Shares of DENTSPLY SIRONA stock opened at $36.83 on Wednesday. DENTSPLY SIRONA Inc. has a 52-week low of $26.48 and a 52-week high of $58.70. The company has a quick ratio of 1.04, a current ratio of 1.50 and a debt-to-equity ratio of 0.48. The company's 50-day simple moving average is $32.99 and its 200-day simple moving average is $32.46. The firm has a market cap of $7.92 billion, a price-to-earnings ratio of 13.68, a price-to-earnings-growth ratio of 4.98 and a beta of 0.87.
DENTSPLY SIRONA (NASDAQ:XRAY – Get Rating) last issued its quarterly earnings results on Monday, November 14th. The medical instruments supplier reported $0.41 earnings per share (EPS) for the quarter, missing analysts' consensus estimates of $0.59 by ($0.18). DENTSPLY SIRONA had a positive return on equity of 9.63% and a negative net
margin of 20.81%. The firm had revenue of $947.00 million for the quarter, compared to analyst estimates of $1.01 billion. During the same quarter last year, the firm earned $0.68 earnings per share. The company's revenue was down 8.9% compared to the same quarter last year. As a group, equities research analysts anticipate that DENTSPLY SIRONA Inc. will post 1.96 earnings per share for the current year.
DENTSPLY SIRONA Announces Dividend
The business also recently announced a quarterly dividend, which was paid on Friday, January 13th. Shareholders of record on Friday, December 30th were given a dividend of $0.125 per share. The ex-dividend date of this dividend was Thursday, December 29th. This represents a $0.50 annualized dividend and a yield of 1.36%.
Wall Street Analysts Forecast Growth
A number of equities research analysts recently weighed in on XRAY shares. Piper Sandler reduced their price target on shares of DENTSPLY SIRONA from $38.00 to $29.00 in a research report on Monday, November 14th. William Blair raised shares of DENTSPLY SIRONA from an "underperform" rating to a "market perform" rating in a report on Wednesday, January 11th. Evercore ISI upped their target price on shares of DENTSPLY SIRONA to $34.00 in a report on Thursday, November 17th. Robert W. Baird reduced their target price on shares of DENTSPLY SIRONA to $32.00 in a report on Thursday, November 17th. Finally, TheStreet cut shares of DENTSPLY SIRONA from a "c" rating to a "d" rating in a report on Monday, November 14th. Seven investment analysts have rated the stock with a hold rating and three have given a buy rating to the company's stock. Based on data from MarketBeat.com, the stock currently has a consensus rating of "Hold" and a consensus price target of $40.70.
DENTSPLY SIRONA Company Profile
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Dentsply Sirona, Inc engages in the design, manufacture, sales and distribution of professional dental products and technologies. It operates through the following segments: Technologies and Equipment and Consumables. The Technologies and Equipment segments comprises dental technology, equipment and healthcare consumable products such as dental implants, laboratory dental products, computer-aided design and computer-aided manufacturing systems, imaging systems, treatment centers and consumable medical device products.
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