DENTSPLY SIRONA (NASDAQ:XRAY) Reaches New 1-Year Low – Should You Sell?

DENTSPLY SIRONA Inc. (NASDAQ:XRAY)’s stock price reached a new 52-week low during trading on Wednesday . The stock traded as low as $15.47 and last traded at $15.45, with a volume of 431125 shares changing hands. The stock had previously closed at $15.91.

Wall Street Analyst Weigh In

Several equities research analysts have recently commented on the stock. Evercore ISI restated an “in-line” rating and issued a $20.00 price target on shares of DENTSPLY SIRONA in a report on Tuesday, January 7th. Wells Fargo & Company reduced their price target on shares of DENTSPLY SIRONA from $20.00 to $19.00 and set an “equal weight” rating for the company in a report on Friday, February 28th. UBS Group reduced their price objective on shares of DENTSPLY SIRONA from $35.00 to $27.00 and set a “buy” rating for the company in a research note on Tuesday, December 3rd. StockNews.com lowered shares of DENTSPLY SIRONA from a “buy” rating to a “hold” rating in a research note on Friday, February 28th. Finally, Morgan Stanley reduced their price objective 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. Twelve research analysts have rated the stock with a hold rating and three have given a buy rating to the company’s stock. According to MarketBeat, the stock currently has a consensus rating of “Hold” and an average price target of $23.33.

DENTSPLY SIRONA Price Performance

The firm’s fifty day moving average price is $18.28 and its 200 day moving average price is $20.93. The firm has a market capitalization of $3.10 billion, a PE ratio of -7.52, a P/E/G ratio of 1.80 and a beta of 0.98. The company has a current ratio of 1.25, a quick ratio of 0.84 and a debt-to-equity ratio of 0.72.

DENTSPLY SIRONA Announces Dividend

The company also recently declared a quarterly dividend, which will be paid on Friday, April 11th. Investors of record on Friday, March 28th will be issued a dividend of $0.16 per share. This represents a $0.64 dividend on an annualized basis and a yield of 4.11%. The ex-dividend date of this dividend is Friday, March 28th. DENTSPLY SIRONA’s dividend payout ratio (DPR) is presently -14.07%.

Insider Buying and Selling

In related news, Director Gregory T. Lucier acquired 15,142 shares of DENTSPLY SIRONA stock in a transaction on Monday, March 3rd. The stock was bought at an average cost of $16.51 per share, for a total transaction of $249,994.42. Following the completion of the transaction, the director now owns 81,971 shares of the company’s stock, valued at approximately $1,353,341.21. The trade was a 22.66 % increase in their position. The acquisition was disclosed in a legal filing with the SEC, which is available through this link. 0.52% of the stock is currently owned by insiders.

Hedge Funds Weigh In On DENTSPLY SIRONA

A number of large investors have recently added to or reduced their stakes in the stock. Vise Technologies Inc. acquired a new position in DENTSPLY SIRONA during the fourth quarter worth $195,000. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC raised its position in DENTSPLY SIRONA by 13.4% during the fourth quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC now owns 551,442 shares of the medical instruments supplier’s stock worth $10,466,000 after acquiring an additional 65,308 shares during the period. Voloridge Investment Management LLC acquired a new position in DENTSPLY SIRONA during the fourth quarter worth $24,571,000. Tidal Investments LLC raised its position in shares of DENTSPLY SIRONA by 15.5% in the fourth quarter. Tidal Investments LLC now owns 25,702 shares of the medical instruments supplier’s stock valued at $488,000 after buying an additional 3,449 shares during the last quarter. Finally, True Wealth Design LLC raised its position in shares of DENTSPLY SIRONA by 866.7% in the fourth quarter. True Wealth Design LLC now owns 2,175 shares of the medical instruments supplier’s stock valued at $41,000 after buying an additional 1,950 shares during the last quarter. 95.70% of the stock is currently owned by institutional investors and hedge funds.

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.