Brokerages Set DENTSPLY SIRONA Inc. (NASDAQ:XRAY) PT at $35.89

Shares of DENTSPLY SIRONA Inc. (NASDAQ:XRAY) have received a consensus recommendation of “Moderate Buy” from the eleven analysts that are presently covering the company, MarketBeat Ratings reports. Four equities research analysts have rated the stock with a hold rating and seven have issued a buy rating on the company. The average twelve-month price objective among brokers that have issued ratings on the stock in the last year is $35.22.

XRAY has been the subject of a number of analyst reports. Robert W. Baird reduced their price objective on DENTSPLY SIRONA from $35.00 to $33.00 and set a “neutral” rating for the company in a research report on Friday, May 3rd. Needham & Company LLC dropped their price target on shares of DENTSPLY SIRONA from $42.00 to $36.00 and set a “buy” rating on the stock in a report on Friday, May 3rd. Leerink Partnrs restated an “outperform” rating on shares of DENTSPLY SIRONA in a report on Monday, February 26th. StockNews.com lowered shares of DENTSPLY SIRONA from a “buy” rating to a “hold” rating in a research note on Friday, May 3rd. Finally, Evercore ISI dropped their price target on DENTSPLY SIRONA from $40.00 to $35.00 and set an “outperform” rating on the stock in a research note on Friday, May 3rd.

Institutional Trading of DENTSPLY SIRONA

Hedge funds have recently modified their holdings of the company. VisionPoint Advisory Group LLC grew its holdings 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 worth $26,000 after purchasing an additional 395 shares during the last quarter. Principal Securities Inc. purchased a new position in DENTSPLY SIRONA during the 4th quarter worth $26,000. Headlands Technologies LLC acquired a new position in DENTSPLY SIRONA during the 4th quarter valued at about $30,000. Parkside Financial Bank & Trust raised its stake in DENTSPLY SIRONA by 33.3% in the fourth quarter. Parkside Financial Bank & Trust now owns 1,169 shares of the medical instruments supplier’s stock valued at $42,000 after buying an additional 292 shares during the last quarter. Finally, Anchor Investment Management LLC acquired a new stake in DENTSPLY SIRONA in the fourth quarter worth about $47,000. 95.70% of the stock is owned by hedge funds and other institutional investors.

DENTSPLY SIRONA Price Performance

Shares of DENTSPLY SIRONA stock opened at $28.25 on Friday. The company has a fifty day moving average of $31.91 and a 200-day moving average of $32.66. DENTSPLY SIRONA has a 52-week low of $26.27 and a 52-week high of $41.65. The stock has a market capitalization of $5.87 billion, a price-to-earnings ratio of -64.20, a price-to-earnings-growth ratio of 1.24 and a beta of 1.00. The company has a debt-to-equity ratio of 0.54, a quick ratio of 0.97 and a current ratio of 1.43.

DENTSPLY SIRONA (NASDAQ:XRAY) last posted its earnings results on Thursday, May 2nd. The medical instruments supplier reported $0.42 earnings per share for the quarter, hitting analysts’ consensus estimates of $0.42. The company had revenue of $953.00 million during the quarter, compared to analyst estimates of $969.45 million. DENTSPLY SIRONA had a negative net margin of 2.41% and a positive return on equity of 11.54%. DENTSPLY SIRONA’s revenue for the quarter was down 2.6% on a year-over-year basis. During the same period in the prior year, the business posted $0.39 earnings per share. Equities research analysts expect that DENTSPLY SIRONA will post 2.04 EPS for the current year.

DENTSPLY SIRONA Increases Dividend

The business also recently announced a quarterly dividend, which was paid on Friday, April 12th. Shareholders of record on Friday, March 29th were paid a $0.16 dividend. This represents a $0.64 annualized dividend and a yield of 2.27%. The ex-dividend date was Wednesday, March 27th. This is a positive change from DENTSPLY SIRONA’s previous quarterly dividend of $0.14. DENTSPLY SIRONA’s 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.