Arizona State Retirement System Has $2.11 Million Stock Holdings in DENTSPLY SIRONA Inc. (NASDAQ:XRAY)

Arizona State Retirement System lifted its position in shares of DENTSPLY SIRONA Inc. (NASDAQ:XRAY) by 2.1% in the fourth quarter, according to its most recent disclosure with the SEC. The institutional investor owned 59,184 shares of the medical instruments supplier’s stock after buying an additional 1,215 shares during the quarter. Arizona State Retirement System’s holdings in DENTSPLY SIRONA were worth $2,106,000 as of its most recent SEC filing.

Other institutional investors also recently modified their holdings of the company. VisionPoint Advisory Group LLC boosted its holdings in DENTSPLY SIRONA by 104.2% in the 3rd quarter. VisionPoint Advisory Group LLC now owns 774 shares of the medical instruments supplier’s stock valued at $26,000 after purchasing an additional 395 shares during the period. SOA Wealth Advisors LLC. bought a new stake in shares of DENTSPLY SIRONA in the third quarter valued at approximately $27,000. Point72 Asset Management L.P. acquired a new stake in DENTSPLY SIRONA during the second quarter worth approximately $44,000. Parkside Financial Bank & Trust grew its position in DENTSPLY SIRONA by 163.7% during the first quarter. Parkside Financial Bank & Trust now owns 915 shares of the medical instruments supplier’s stock worth $46,000 after buying an additional 568 shares in the last quarter. Finally, Anchor Investment Management LLC bought a new position in DENTSPLY SIRONA during the 4th quarter worth $47,000. Institutional investors own 95.70% of the company’s stock.

Wall Street Analysts Forecast Growth

Several analysts have recently issued reports on the company. Needham & Company LLC reissued a “buy” rating and set a $42.00 target price on shares of DENTSPLY SIRONA in a report on Thursday, February 29th. StockNews.com upgraded shares of DENTSPLY SIRONA from a “hold” rating to a “buy” rating in a research note on Friday, January 19th. Piper Sandler boosted their target price on shares of DENTSPLY SIRONA from $31.00 to $35.00 and gave the company a “neutral” rating in a research report on Friday, January 12th. SVB Leerink started coverage on shares of DENTSPLY SIRONA in a research report on Monday, February 26th. They set an “outperform” rating and a $42.00 price target on the stock. Finally, Leerink Partnrs restated an “outperform” rating on shares of DENTSPLY SIRONA in a research report on Monday, February 26th. Three investment analysts have rated the stock with a hold rating and seven have issued a buy rating to the company’s stock. Based on data from MarketBeat.com, DENTSPLY SIRONA currently has a consensus rating of “Moderate Buy” and a consensus target price of $39.50.

DENTSPLY SIRONA Stock Down 1.1 %

Shares of XRAY opened at $32.02 on Friday. The stock has a market capitalization of $6.64 billion, a price-to-earnings ratio of -51.64, a PEG ratio of 1.30 and a beta of 0.98. DENTSPLY SIRONA Inc. has a 52 week low of $26.27 and a 52 week high of $43.24. The company has a debt-to-equity ratio of 0.55, a quick ratio of 0.95 and a current ratio of 1.38. The stock has a fifty day moving average of $33.14 and a 200-day moving average of $32.99.

DENTSPLY SIRONA (NASDAQ:XRAY) last announced its quarterly earnings results on Thursday, February 29th. The medical instruments supplier reported $0.44 EPS for the quarter, beating analysts’ consensus estimates of $0.43 by $0.01. The firm had revenue of $1.01 billion for the quarter, compared to analyst estimates of $972.61 million. DENTSPLY SIRONA had a positive return on equity of 11.14% and a negative net margin of 3.33%. The business’s revenue for the quarter was up 3.0% on a year-over-year basis. During the same period last year, the firm posted $0.46 earnings per share. As a group, sell-side analysts anticipate that DENTSPLY SIRONA Inc. will post 2.05 earnings per share for the current fiscal year.

DENTSPLY SIRONA Increases Dividend

The firm also recently declared a quarterly dividend, which will be paid on Friday, April 12th. Stockholders of record on Friday, March 29th will be issued a dividend of $0.16 per share. This represents a $0.64 dividend on an annualized basis and a dividend yield of 2.00%. The ex-dividend date of this dividend is Wednesday, March 27th. This is a positive change from DENTSPLY SIRONA’s previous quarterly dividend of $0.14. DENTSPLY SIRONA’s payout ratio is -103.22%.

About DENTSPLY SIRONA

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.