UBS Group AG boosted its position in shares of DENTSPLY SIRONA Inc (NASDAQ:XRAY) by 13.4% during the 2nd quarter, according to its most recent 13F filing with the SEC. The fund owned 112,096 shares of the medical instruments supplier’s stock after purchasing an additional 13,284 shares during the quarter. UBS Group AG owned about 0.05% of DENTSPLY SIRONA worth $6,541,000 at the end of the most recent reporting period.
Other hedge funds have also recently made changes to their positions in the company. Verition Fund Management LLC purchased a new stake in shares of DENTSPLY SIRONA during the 2nd quarter valued at about $218,000. MAI Capital Management boosted its holdings in shares of DENTSPLY SIRONA by 44.2% during the 2nd quarter. MAI Capital Management now owns 6,394 shares of the medical instruments supplier’s stock valued at $373,000 after acquiring an additional 1,961 shares during the last quarter. First Manhattan Co. boosted its holdings in shares of DENTSPLY SIRONA by 15.2% during the 2nd quarter. First Manhattan Co. now owns 9,613 shares of the medical instruments supplier’s stock valued at $561,000 after acquiring an additional 1,269 shares during the last quarter. Amundi Pioneer Asset Management Inc. boosted its holdings in shares of DENTSPLY SIRONA by 21.0% during the 2nd quarter. Amundi Pioneer Asset Management Inc. now owns 223,343 shares of the medical instruments supplier’s stock valued at $13,035,000 after acquiring an additional 38,715 shares during the last quarter. Finally, United Services Automobile Association boosted its holdings in shares of DENTSPLY SIRONA by 22.8% during the 2nd quarter. United Services Automobile Association now owns 99,286 shares of the medical instruments supplier’s stock valued at $5,794,000 after acquiring an additional 18,415 shares during the last quarter. 94.67% of the stock is currently owned by institutional investors.
XRAY has been the topic of a number of recent analyst reports. BidaskClub raised shares of DENTSPLY SIRONA from a “sell” rating to a “hold” rating in a report on Tuesday. ValuEngine downgraded shares of DENTSPLY SIRONA from a “hold” rating to a “sell” rating in a report on Wednesday, October 2nd. Wellington Shields raised shares of DENTSPLY SIRONA from a “hold” rating to a “gradually accumulate” rating in a report on Friday, August 2nd. Evercore ISI initiated coverage on shares of DENTSPLY SIRONA in a report on Friday, July 26th. They set an “in-line” rating on the stock. Finally, HC Wainwright reaffirmed a “neutral” rating and set a $57.00 price target (up previously from $55.00) on shares of DENTSPLY SIRONA in a report on Tuesday, July 9th. One investment analyst has rated the stock with a sell rating, eight have issued a hold rating and four have assigned a buy rating to the stock. The stock currently has a consensus rating of “Hold” and an average target price of $54.57.
Shares of NASDAQ:XRAY opened at $53.91 on Friday. The firm’s 50 day moving average price is $52.09 and its 200-day moving average price is $53.52. DENTSPLY SIRONA Inc has a twelve month low of $33.93 and a twelve month high of $59.40. The company has a quick ratio of 1.39, a current ratio of 2.08 and a debt-to-equity ratio of 0.30. The stock has a market capitalization of $11.95 billion, a PE ratio of 26.82, a price-to-earnings-growth ratio of 1.92 and a beta of 0.98.
DENTSPLY SIRONA (NASDAQ:XRAY) last issued its quarterly earnings data on Friday, August 2nd. The medical instruments supplier reported $0.66 earnings per share for the quarter, topping the Thomson Reuters’ consensus estimate of $0.62 by $0.04. DENTSPLY SIRONA had a net margin of 2.67% and a return on equity of 9.19%. The firm had revenue of $1.01 billion for the quarter, compared to analysts’ expectations of $1.04 billion. During the same quarter in the prior year, the business earned $0.60 EPS. The business’s quarterly revenue was down 3.1% on a year-over-year basis. Analysts expect that DENTSPLY SIRONA Inc will post 2.39 earnings per share for the current fiscal year.
The firm also recently disclosed a quarterly dividend, which will be paid on Friday, October 11th. Stockholders of record on Friday, September 27th will be paid a $0.10 dividend. This represents a $0.40 annualized dividend and a dividend yield of 0.74%. The ex-dividend date of this dividend is Thursday, September 26th. This is a boost from DENTSPLY SIRONA’s previous quarterly dividend of $0.09. DENTSPLY SIRONA’s dividend payout ratio is 19.90%.
DENTSPLY SIRONA Company Profile
DENTSPLY SIRONA Inc designs, develops, manufactures, and markets various dental and oral health products, and other consumable healthcare products primarily for the professional dental market worldwide. The company operates in two segments, Technologies & Equipment; and Consumables. Its dental supplies include endodontic instruments and materials, dental anesthetics, prophylaxis pastes, dental sealants, impression materials, restorative materials, tooth whiteners, and topical fluoride products; and small equipment products comprise dental hand pieces, intraoral curing light systems, dental diagnostic systems, and ultrasonic scalers and polishers.
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