DENTSPLY SIRONA Inc. (NASDAQ:XRAY) Shares Sold by Xponance Inc.

Xponance Inc. cut its holdings in DENTSPLY SIRONA Inc. (NASDAQ:XRAY) by 14.6% during the fourth quarter, according to the company in its most recent Form 13F filing with the SEC. The firm owned 31,843 shares of the medical instruments supplier’s stock after selling 5,449 shares during the quarter. Xponance Inc.’s holdings in DENTSPLY SIRONA were worth $1,133,000 as of its most recent filing with the SEC.

Other institutional investors also recently bought and sold shares of the company. VisionPoint Advisory Group LLC increased its stake in DENTSPLY SIRONA by 104.2% in the third 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. Anchor Investment Management LLC purchased a new stake in shares of DENTSPLY SIRONA in the fourth quarter valued at about $47,000. Exchange Traded Concepts LLC boosted its holdings in shares of DENTSPLY SIRONA by 41.2% in the third quarter. Exchange Traded Concepts LLC now owns 1,504 shares of the medical instruments supplier’s stock valued at $51,000 after acquiring an additional 439 shares in the last quarter. Creative Financial Designs Inc. ADV purchased a new stake in DENTSPLY SIRONA during the fourth quarter worth about $71,000. Finally, CWM LLC boosted its holdings in DENTSPLY SIRONA by 85.5% during the third quarter. CWM LLC now owns 4,379 shares of the medical instruments supplier’s stock worth $150,000 after buying an additional 2,018 shares in the last quarter. 95.70% of the stock is currently owned by institutional investors and hedge funds.

Analysts Set New Price Targets

A number of analysts recently commented on the stock. Leerink Partnrs reissued an “outperform” rating on shares of DENTSPLY SIRONA in a report on Monday, February 26th. Barrington Research reaffirmed an “outperform” rating and issued a $41.00 price target on shares of DENTSPLY SIRONA in a report on Thursday, April 18th. Piper Sandler boosted their price objective 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. StockNews.com upgraded shares of DENTSPLY SIRONA from a “hold” rating to a “buy” rating in a research report on Friday, January 19th. Finally, SVB Leerink started coverage on shares of DENTSPLY SIRONA in a research note on Monday, February 26th. They issued an “outperform” rating and a $42.00 target price for the company. Three equities research analysts have rated the stock with a hold rating and seven have assigned a buy rating to the stock. According to data from MarketBeat, DENTSPLY SIRONA presently has an average rating of “Moderate Buy” and a consensus price target of $39.50.

DENTSPLY SIRONA Price Performance

XRAY opened at $30.92 on Thursday. The company’s 50 day simple moving average is $32.70 and its 200 day simple moving average is $32.81. The company has a debt-to-equity ratio of 0.55, a current ratio of 1.38 and a quick ratio of 0.95. DENTSPLY SIRONA Inc. has a 1 year low of $26.27 and a 1 year high of $43.24.

DENTSPLY SIRONA (NASDAQ:XRAY) last released its earnings results on Thursday, February 29th. The medical instruments supplier reported $0.44 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.43 by $0.01. DENTSPLY SIRONA had a negative net margin of 3.33% and a positive return on equity of 11.14%. The business had revenue of $1.01 billion for the quarter, compared to analysts’ expectations of $972.61 million. During the same period last year, the company earned $0.46 earnings per share. The company’s quarterly revenue was up 3.0% on a year-over-year basis. On average, equities analysts forecast that DENTSPLY SIRONA Inc. will post 2.05 EPS for the current year.

DENTSPLY SIRONA Increases Dividend

The firm also recently declared a quarterly dividend, which was paid on Friday, April 12th. Shareholders of record on Friday, March 29th were given a dividend of $0.16 per share. This represents a $0.64 dividend on an annualized basis and a yield of 2.07%. This is a boost from DENTSPLY SIRONA’s previous quarterly dividend of $0.14. The ex-dividend date of this dividend was Wednesday, March 27th. DENTSPLY SIRONA’s payout ratio is -103.22%.

DENTSPLY SIRONA Company Profile

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.