Quantbot Technologies LP Acquires 77,341 Shares of DENTSPLY SIRONA Inc. (NASDAQ:XRAY)

Quantbot Technologies LP grew its holdings in DENTSPLY SIRONA Inc. (NASDAQ:XRAY) by 100.1% during the 2nd quarter, HoldingsChannel.com reports. The firm owned 154,591 shares of the medical instruments supplier’s stock after buying an additional 77,341 shares during the quarter. Quantbot Technologies LP’s holdings in DENTSPLY SIRONA were worth $3,851,000 as of its most recent filing with the Securities & Exchange Commission.

Other hedge funds and other institutional investors also recently modified their holdings of the company. Principal Securities Inc. bought a new stake in shares of DENTSPLY SIRONA in the fourth quarter valued at approximately $26,000. LRI Investments LLC raised its position in shares of DENTSPLY SIRONA by 82.7% in the second quarter. LRI Investments LLC now owns 1,246 shares of the medical instruments supplier’s stock valued at $31,000 after purchasing an additional 564 shares during the period. Rothschild Investment LLC bought a new stake in DENTSPLY SIRONA during the 2nd quarter worth approximately $32,000. Central Pacific Bank Trust Division bought a new stake in DENTSPLY SIRONA during the 1st quarter worth approximately $64,000. Finally, Mather Group LLC. bought a new stake in DENTSPLY SIRONA during the 1st quarter worth approximately $72,000. Institutional investors own 95.70% of the company’s stock.

Wall Street Analysts Forecast Growth

A number of analysts recently weighed in on the stock. Barrington Research reaffirmed an “outperform” rating and set a $38.00 target price on shares of DENTSPLY SIRONA in a report on Monday, July 8th. Robert W. Baird decreased their target price on shares of DENTSPLY SIRONA from $33.00 to $31.00 and set a “neutral” rating on the stock in a report on Monday, July 22nd. Evercore ISI decreased their target price on shares of DENTSPLY SIRONA from $28.00 to $27.00 and set an “outperform” rating on the stock in a report on Tuesday, July 9th. Stifel Nicolaus decreased their target price on shares of DENTSPLY SIRONA from $30.00 to $28.00 and set a “hold” rating on the stock in a report on Thursday, July 18th. Finally, Needham & Company LLC reaffirmed a “buy” rating and set a $34.00 target price on shares of DENTSPLY SIRONA in a report on Tuesday, August 20th. Five investment analysts have rated the stock with a hold rating and seven have given a buy rating to the company’s stock. Based on data from MarketBeat.com, the stock currently has an average rating of “Moderate Buy” and an average price target of $33.44.

DENTSPLY SIRONA Price Performance

Shares of NASDAQ:XRAY opened at $26.08 on Tuesday. The company’s fifty day moving average price is $25.42 and its 200-day moving average price is $28.01. The firm has a market capitalization of $5.42 billion, a price-to-earnings ratio of -59.27, a PEG ratio of 1.22 and a beta of 1.00. DENTSPLY SIRONA Inc. has a one year low of $23.58 and a one year high of $37.60. The company has a debt-to-equity ratio of 0.57, a current ratio of 1.33 and a quick ratio of 0.87.

DENTSPLY SIRONA (NASDAQ:XRAY) last announced its quarterly earnings data on Wednesday, July 31st. The medical instruments supplier reported $0.49 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.50 by ($0.01). DENTSPLY SIRONA had a negative net margin of 4.75% and a positive return on equity of 11.86%. The business had revenue of $984.00 million during the quarter, compared to analysts’ expectations of $993.61 million. During the same period last year, the company posted $0.51 EPS. DENTSPLY SIRONA’s revenue for the quarter was down 4.3% on a year-over-year basis. On average, equities research analysts anticipate that DENTSPLY SIRONA Inc. will post 1.99 earnings per share for the current fiscal year.

DENTSPLY SIRONA Announces Dividend

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 $0.16 dividend. The ex-dividend date of this dividend is Friday, September 27th. This represents a $0.64 dividend on an annualized basis and a dividend yield of 2.45%. DENTSPLY SIRONA’s dividend payout ratio (DPR) is -145.45%.

DENTSPLY SIRONA 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.