Savant Capital LLC Sells 5,205 Shares of DENTSPLY SIRONA Inc. (NASDAQ:XRAY)

Savant Capital LLC lowered its position in shares of DENTSPLY SIRONA Inc. (NASDAQ:XRAY) by 12.7% in the fourth quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The institutional investor owned 35,668 shares of the medical instruments supplier’s stock after selling 5,205 shares during the quarter. Savant Capital LLC’s holdings in DENTSPLY SIRONA were worth $1,269,000 at the end of the most recent quarter.

Several other institutional investors have also recently added to or reduced their stakes in the company. VisionPoint Advisory Group LLC increased its holdings in shares of DENTSPLY SIRONA by 104.2% during the third quarter. VisionPoint Advisory Group LLC now owns 774 shares of the medical instruments supplier’s stock worth $26,000 after buying an additional 395 shares in the last quarter. Headlands Technologies LLC acquired a new stake in DENTSPLY SIRONA during the 4th quarter valued at $30,000. Parkside Financial Bank & Trust raised its position in DENTSPLY SIRONA by 33.3% in the 4th quarter. Parkside Financial Bank & Trust now owns 1,169 shares of the medical instruments supplier’s stock valued at $42,000 after purchasing an additional 292 shares during the last quarter. Anchor Investment Management LLC acquired a new position in DENTSPLY SIRONA in the fourth quarter worth $47,000. Finally, Exchange Traded Concepts LLC grew its holdings in shares of DENTSPLY SIRONA by 41.2% during the third quarter. Exchange Traded Concepts LLC now owns 1,504 shares of the medical instruments supplier’s stock worth $51,000 after purchasing an additional 439 shares during the last quarter. 95.70% of the stock is owned by institutional investors.

Analysts Set New Price Targets

Several research analysts recently issued reports on the stock. Evercore ISI reduced their price target on shares of DENTSPLY SIRONA from $40.00 to $35.00 and set an “outperform” rating on the stock in a research report on Friday. Piper Sandler reaffirmed a “neutral” rating and set a $32.00 price objective (down previously from $35.00) on shares of DENTSPLY SIRONA in a report on Friday. Barrington Research lowered their target price on DENTSPLY SIRONA from $41.00 to $38.00 and set an “outperform” rating for the company in a research note on Friday. Robert W. Baird cut their price target on DENTSPLY SIRONA from $35.00 to $33.00 and set a “neutral” rating on the stock in a research note on Friday. Finally, StockNews.com cut DENTSPLY SIRONA from a “buy” rating to a “hold” rating in a report on Friday. Five research analysts have rated the stock with a hold rating and seven have given a buy rating to the stock. According to data from MarketBeat, the stock has a consensus rating of “Moderate Buy” and a consensus price target of $36.90.

DENTSPLY SIRONA Stock Down 0.3 %

Shares of NASDAQ XRAY opened at $28.29 on Friday. The firm has a 50 day moving average price of $32.13 and a 200 day moving average price of $32.71. The company has a debt-to-equity ratio of 0.54, a quick ratio of 0.95 and a current ratio of 1.43. The stock has a market cap of $5.87 billion, a P/E ratio of -64.29, a P/E/G ratio of 1.15 and a beta of 1.00. DENTSPLY SIRONA Inc. has a 52-week low of $26.27 and a 52-week high of $41.65.

DENTSPLY SIRONA (NASDAQ:XRAY) last posted its earnings results on Thursday, May 2nd. The medical instruments supplier reported $0.42 earnings per share (EPS) for the quarter, meeting analysts’ consensus estimates of $0.42. The firm had revenue of $953.00 million during the quarter, compared to analysts’ expectations of $969.45 million. DENTSPLY SIRONA had a positive return on equity of 11.54% and a negative net margin of 2.41%. The company’s revenue was down 2.6% on a year-over-year basis. During the same period in the previous year, the firm earned $0.39 earnings per share. Analysts expect that DENTSPLY SIRONA Inc. will post 2.05 EPS for the current year.

DENTSPLY SIRONA Increases Dividend

The business also recently declared a quarterly dividend, which was paid on Friday, April 12th. Stockholders of record on Friday, March 29th were issued a $0.16 dividend. This represents a $0.64 annualized dividend and a dividend yield of 2.26%. The ex-dividend date was Wednesday, March 27th. This is a boost from DENTSPLY SIRONA’s previous quarterly dividend of $0.14. DENTSPLY SIRONA’s dividend payout ratio is -145.45%.

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.