Janney Montgomery Scott LLC Buys 43,516 Shares of DENTSPLY SIRONA Inc. (NASDAQ:XRAY)

Janney Montgomery Scott LLC raised its stake in shares of DENTSPLY SIRONA Inc. (NASDAQ:XRAY) by 210.5% in the 1st quarter, Holdings Channel reports. The firm owned 64,191 shares of the medical instruments supplier’s stock after acquiring an additional 43,516 shares during the period. Janney Montgomery Scott LLC’s holdings in DENTSPLY SIRONA were worth $959,000 at the end of the most recent reporting period.

Other institutional investors have also recently made changes to their positions in the company. Sanctuary Advisors LLC bought a new position in DENTSPLY SIRONA during the fourth quarter valued at approximately $255,000. Bank of New York Mellon Corp raised its holdings in shares of DENTSPLY SIRONA by 27.9% during the 4th quarter. Bank of New York Mellon Corp now owns 2,403,110 shares of the medical instruments supplier’s stock worth $45,611,000 after acquiring an additional 523,692 shares in the last quarter. Illinois Municipal Retirement Fund raised its holdings in shares of DENTSPLY SIRONA by 121.8% during the 4th quarter. Illinois Municipal Retirement Fund now owns 58,334 shares of the medical instruments supplier’s stock worth $1,107,000 after acquiring an additional 32,035 shares in the last quarter. Proficio Capital Partners LLC bought a new position in shares of DENTSPLY SIRONA during the 4th quarter valued at approximately $422,000. Finally, SVB Wealth LLC purchased a new position in shares of DENTSPLY SIRONA in the fourth quarter valued at $340,000. Hedge funds and other institutional investors own 95.70% of the company’s stock.

Analyst Upgrades and Downgrades

XRAY has been the topic of several research reports. Mizuho reduced their price target on shares of DENTSPLY SIRONA from $21.00 to $18.00 and set a “neutral” rating on the stock in a research report on Thursday, March 13th. Piper Sandler dropped their price objective on shares of DENTSPLY SIRONA from $20.00 to $16.00 and set a “neutral” rating for the company in a research note on Wednesday, April 30th. Wall Street Zen upgraded shares of DENTSPLY SIRONA from a “hold” rating to a “buy” rating in a report on Friday, May 9th. UBS Group decreased their target price on shares of DENTSPLY SIRONA from $27.00 to $25.00 and set a “buy” rating on the stock in a research report on Friday, May 9th. Finally, Barrington Research lifted their price target on DENTSPLY SIRONA from $20.00 to $21.00 and gave the stock an “outperform” rating in a research report on Monday, May 12th. Eleven equities research analysts have rated the stock with a hold rating and three have assigned a buy rating to the company’s stock. According to data from MarketBeat.com, the stock has an average rating of “Hold” and a consensus target price of $20.36.

DENTSPLY SIRONA Stock Performance

DENTSPLY SIRONA stock opened at $15.93 on Monday. The company has a debt-to-equity ratio of 0.79, a current ratio of 1.10 and a quick ratio of 0.76. The firm has a market capitalization of $3.17 billion, a P/E ratio of -3.51, a price-to-earnings-growth ratio of 1.14 and a beta of 0.95. DENTSPLY SIRONA Inc. has a 1-year low of $12.16 and a 1-year high of $27.95. The company’s 50-day moving average is $15.39 and its 200 day moving average is $16.55.

DENTSPLY SIRONA (NASDAQ:XRAY) last released its earnings results on Thursday, May 8th. The medical instruments supplier reported $0.43 EPS for the quarter, beating analysts’ consensus estimates of $0.29 by $0.14. DENTSPLY SIRONA had a positive return on equity of 14.31% and a negative net margin of 24.42%. The firm had revenue of $879.00 million for the quarter, compared to analysts’ expectations of $854.75 million. During the same quarter in the prior year, the firm posted $0.42 earnings per share. The company’s quarterly revenue was down 7.8% on a year-over-year basis. Research analysts forecast that DENTSPLY SIRONA Inc. will post 1.84 EPS for the current year.

DENTSPLY SIRONA Dividend Announcement

The firm also recently disclosed a quarterly dividend, which will be paid on Friday, July 11th. Shareholders of record on Friday, June 27th will be given a $0.16 dividend. This represents a $0.64 annualized dividend and a yield of 4.02%. The ex-dividend date of this dividend is Friday, June 27th. DENTSPLY SIRONA’s dividend payout ratio (DPR) is presently -14.10%.

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.