DENTSPLY SIRONA Inc. (NASDAQ:XRAY – Get Free Report) hit a new 52-week low during mid-day trading on Tuesday after Evercore ISI lowered their price target on the stock from $28.00 to $27.00. Evercore ISI currently has an outperform rating on the stock. DENTSPLY SIRONA traded as low as $24.20 and last traded at $24.34, with a volume of 1140023 shares traded. The stock had previously closed at $24.66.
XRAY has been the topic of several other reports. The Goldman Sachs Group cut their price objective on shares of DENTSPLY SIRONA from $34.00 to $30.00 and set a “neutral” rating on the stock in a report on Monday, May 6th. StockNews.com lowered shares of DENTSPLY SIRONA from a “buy” rating to a “hold” rating in a report on Friday, May 3rd. Barrington Research reissued an “outperform” rating and set a $38.00 price objective on shares of DENTSPLY SIRONA in a research note on Monday. Piper Sandler reaffirmed a “neutral” rating and issued a $32.00 target price (down from $35.00) on shares of DENTSPLY SIRONA in a research report on Friday, May 3rd. Finally, Needham & Company LLC lowered their price target on DENTSPLY SIRONA from $42.00 to $36.00 and set a “buy” rating for the company in a research report on Friday, May 3rd. Five equities research analysts have rated the stock with a hold rating and seven have assigned a buy rating to the company. Based on data from MarketBeat.com, the company presently has a consensus rating of “Moderate Buy” and a consensus target price of $34.33.
Insider Transactions at DENTSPLY SIRONA
In related news, Director Gregory T. Lucier bought 3,577 shares of the company’s stock in a transaction that occurred on Friday, May 31st. The shares were acquired at an average cost of $27.95 per share, for a total transaction of $99,977.15. Following the acquisition, the director now owns 58,374 shares in the company, valued at approximately $1,631,553.30. The purchase was disclosed in a legal filing with the SEC, which is accessible through this link. Company insiders own 0.52% of the company’s stock.
Institutional Investors Weigh In On DENTSPLY SIRONA
A number of large investors have recently added to or reduced their stakes in XRAY. VisionPoint Advisory Group LLC raised its position in shares of 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 in the last quarter. Principal Securities Inc. acquired a new stake in DENTSPLY SIRONA in the fourth quarter valued at $26,000. Headlands Technologies LLC bought a new position in DENTSPLY SIRONA during the 4th quarter valued at $30,000. Parkside Financial Bank & Trust grew its holdings in DENTSPLY SIRONA by 33.3% during the 4th quarter. Parkside Financial Bank & Trust now owns 1,169 shares of the medical instruments supplier’s stock worth $42,000 after acquiring an additional 292 shares in the last quarter. Finally, Anchor Investment Management LLC bought a new stake in shares of DENTSPLY SIRONA in the 4th quarter worth about $47,000. 95.70% of the stock is owned by institutional investors and hedge funds.
DENTSPLY SIRONA Trading Down 1.9 %
The company has a debt-to-equity ratio of 0.54, a quick ratio of 0.97 and a current ratio of 1.43. The business’s 50 day moving average price is $26.89 and its 200-day moving average price is $31.22. The firm has a market cap of $5.02 billion, a price-to-earnings ratio of -55.00, a price-to-earnings-growth ratio of 1.10 and a beta of 1.01.
DENTSPLY SIRONA (NASDAQ:XRAY – Get Free Report) last announced its quarterly earnings data on Thursday, May 2nd. The medical instruments supplier reported $0.42 earnings per share for the quarter, meeting the consensus estimate of $0.42. DENTSPLY SIRONA had a positive return on equity of 11.54% and a negative net margin of 2.41%. The firm had revenue of $953.00 million during the quarter, compared to analyst estimates of $969.45 million. During the same period in the previous year, the company earned $0.39 earnings per share. DENTSPLY SIRONA’s quarterly revenue was down 2.6% on a year-over-year basis. Equities analysts expect that DENTSPLY SIRONA Inc. will post 2.02 EPS for the current year.
DENTSPLY SIRONA Dividend Announcement
The firm also recently announced a quarterly dividend, which will be paid on Friday, July 12th. Shareholders of record on Friday, June 28th will be issued a dividend of $0.16 per share. The ex-dividend date is Friday, June 28th. This represents a $0.64 dividend on an annualized basis and a dividend yield of 2.64%. DENTSPLY SIRONA’s dividend payout ratio (DPR) is -145.45%.
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.