Stonebridge Capital Management Inc. Sells 500 Shares of DENTSPLY SIRONA Inc. (NASDAQ:XRAY)

Stonebridge Capital Management Inc. lowered its stake in DENTSPLY SIRONA Inc. (NASDAQ:XRAY) by 1.0% in the 3rd quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The institutional investor owned 48,816 shares of the medical instruments supplier’s stock after selling 500 shares during the quarter. Stonebridge Capital Management Inc.’s holdings in DENTSPLY SIRONA were worth $1,321,000 at the end of the most recent reporting period.

Other hedge funds also recently modified their holdings of the company. GAMMA Investing LLC increased its stake in DENTSPLY SIRONA by 133.4% during the 3rd quarter. GAMMA Investing LLC now owns 2,488 shares of the medical instruments supplier’s stock valued at $67,000 after purchasing an additional 1,422 shares in the last quarter. Handelsbanken Fonder AB increased its stake in DENTSPLY SIRONA by 61.4% during the 3rd quarter. Handelsbanken Fonder AB now owns 68,100 shares of the medical instruments supplier’s stock valued at $1,843,000 after purchasing an additional 25,900 shares in the last quarter. Healthcare of Ontario Pension Plan Trust Fund bought a new stake in DENTSPLY SIRONA during the 2nd quarter valued at $1,689,000. Sanctuary Advisors LLC bought a new stake in DENTSPLY SIRONA during the 2nd quarter valued at $481,000. Finally, Teachers Retirement System of The State of Kentucky increased its stake in DENTSPLY SIRONA by 264.5% during the 2nd quarter. Teachers Retirement System of The State of Kentucky now owns 70,598 shares of the medical instruments supplier’s stock valued at $1,758,000 after purchasing an additional 51,228 shares in the last quarter. Institutional investors own 95.70% of the company’s stock.

Wall Street Analysts Forecast Growth

A number of equities analysts have issued reports on XRAY shares. Robert W. Baird cut their price objective 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. Barrington Research reissued an “outperform” rating and issued a $36.00 price target on shares of DENTSPLY SIRONA in a report on Friday, September 20th. Needham & Company LLC reissued a “buy” rating and issued a $34.00 price target on shares of DENTSPLY SIRONA in a report on Tuesday, August 20th. Stifel Nicolaus dropped their price objective 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, Evercore ISI dropped their price objective 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. Five research analysts have rated the stock with a hold rating and seven have given a buy rating to the company. Based on data from MarketBeat, DENTSPLY SIRONA currently has a consensus rating of “Moderate Buy” and a consensus price target of $33.22.

DENTSPLY SIRONA Stock Down 2.9 %

Shares of XRAY opened at $24.48 on Tuesday. The business’s 50-day moving average price is $25.43 and its 200-day moving average price is $27.24. DENTSPLY SIRONA Inc. has a twelve month low of $23.58 and a twelve month high of $37.60. The company has a current ratio of 1.33, a quick ratio of 0.87 and a debt-to-equity ratio of 0.57.

DENTSPLY SIRONA (NASDAQ:XRAY) last released its quarterly earnings results on Wednesday, July 31st. The medical instruments supplier reported $0.49 earnings per share 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 firm had revenue of $984.00 million for the quarter, compared to analysts’ expectations of $993.61 million. During the same quarter in the previous year, the business earned $0.51 EPS. The company’s revenue for the quarter was down 4.3% on a year-over-year basis. On average, analysts predict that DENTSPLY SIRONA Inc. will post 1.99 earnings per share for the current year.

DENTSPLY SIRONA Dividend Announcement

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 is Friday, September 27th. This represents a $0.64 dividend on an annualized basis and a dividend yield of 2.61%. 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.