DENTSPLY SIRONA Inc. (NASDAQ:XRAY) Director Gregory T. Lucier Acquires 15,142 Shares

DENTSPLY SIRONA Inc. (NASDAQ:XRAY) Director Gregory T. Lucier acquired 15,142 shares of the firm’s stock in a transaction that occurred on Monday, March 3rd. The stock was acquired at an average price of $16.51 per share, with a total value of $249,994.42. Following the completion of the acquisition, the director now directly owns 81,971 shares of the company’s stock, valued at $1,353,341.21. This represents a 22.66 % increase in their position. The transaction was disclosed in a filing with the SEC, which is available through this link.

DENTSPLY SIRONA Price Performance

Shares of XRAY stock opened at $15.99 on Tuesday. The firm has a market cap of $3.18 billion, a price-to-earnings ratio of -7.72, a P/E/G ratio of 1.80 and a beta of 0.96. The company has a debt-to-equity ratio of 0.72, a current ratio of 1.25 and a quick ratio of 0.84. The stock’s fifty day simple moving average is $18.83 and its 200 day simple moving average is $21.46. DENTSPLY SIRONA Inc. has a one year low of $15.94 and a one year high of $34.28.

DENTSPLY SIRONA Announces Dividend

The firm also recently declared a quarterly dividend, which will be paid on Friday, April 11th. Investors of record on Friday, March 28th will be given a dividend of $0.16 per share. The ex-dividend date of this dividend is Friday, March 28th. This represents a $0.64 dividend on an annualized basis and a yield of 4.00%. DENTSPLY SIRONA’s dividend payout ratio (DPR) is presently -14.07%.

Institutional Trading of DENTSPLY SIRONA

A number of hedge funds and other institutional investors have recently made changes to their positions in the business. Riverview Trust Co bought a new stake in shares of DENTSPLY SIRONA during the fourth quarter valued at approximately $26,000. Colonial Trust Co SC acquired a new stake in shares of DENTSPLY SIRONA during the fourth quarter worth $26,000. Capital Performance Advisors LLP acquired a new position in shares of DENTSPLY SIRONA during the 3rd quarter worth about $27,000. MassMutual Private Wealth & Trust FSB increased its stake in DENTSPLY SIRONA by 648.4% in the fourth quarter. MassMutual Private Wealth & Trust FSB now owns 1,422 shares of the medical instruments supplier’s stock valued at $27,000 after purchasing an additional 1,232 shares in the last quarter. Finally, UMB Bank n.a. increased its position in shares of DENTSPLY SIRONA by 60.8% in the 4th quarter. UMB Bank n.a. now owns 1,492 shares of the medical instruments supplier’s stock valued at $28,000 after buying an additional 564 shares in the last quarter. 95.70% of the stock is currently owned by institutional investors and hedge funds.

Analyst Upgrades and Downgrades

A number of analysts have recently weighed in on the stock. Wells Fargo & Company reduced their price objective on shares of DENTSPLY SIRONA from $20.00 to $19.00 and set an “equal weight” rating for the company in a research note on Friday. Jefferies Financial Group lowered DENTSPLY SIRONA from a “buy” rating to a “hold” rating and lowered their target price for the company from $30.00 to $20.00 in a report on Thursday, January 23rd. Mizuho started coverage on DENTSPLY SIRONA in a report on Wednesday, December 4th. They set a “neutral” rating and a $21.00 price target for the company. Evercore ISI restated an “in-line” rating and issued a $20.00 price objective on shares of DENTSPLY SIRONA in a research note on Tuesday, January 7th. Finally, Morgan Stanley cut their target price on shares of DENTSPLY SIRONA from $30.00 to $23.00 and set an “overweight” rating for the company in a research note on Tuesday, December 17th. Eleven equities research analysts have rated the stock with a hold rating and four have assigned a buy rating to the stock. According to MarketBeat.com, the stock has an average rating of “Hold” and an average target price of $23.58.

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.