Creative Planning Acquires 5,793 Shares of DENTSPLY SIRONA Inc. (NASDAQ:XRAY)

Creative Planning increased its holdings in DENTSPLY SIRONA Inc. (NASDAQ:XRAY) by 53.9% in the 2nd quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 16,540 shares of the medical instruments supplier’s stock after acquiring an additional 5,793 shares during the period. Creative Planning’s holdings in DENTSPLY SIRONA were worth $412,000 at the end of the most recent quarter.

Other institutional investors also recently modified their holdings of the company. PNC Financial Services Group Inc. lifted its stake in DENTSPLY SIRONA by 11.0% in the fourth quarter. PNC Financial Services Group Inc. now owns 67,988 shares of the medical instruments supplier’s stock valued at $2,420,000 after purchasing an additional 6,729 shares during the last quarter. Mather Group LLC. purchased a new position in DENTSPLY SIRONA in the first quarter valued at approximately $72,000. Cannon Global Investment Management LLC purchased a new position in DENTSPLY SIRONA in the first quarter valued at approximately $461,000. Oak Thistle LLC purchased a new position in DENTSPLY SIRONA in the first quarter valued at approximately $216,000. Finally, Principal Financial Group Inc. lifted its stake in DENTSPLY SIRONA by 2.2% in the first quarter. Principal Financial Group Inc. now owns 1,425,571 shares of the medical instruments supplier’s stock valued at $47,315,000 after purchasing an additional 30,831 shares during the last quarter. 95.70% of the stock is owned by institutional investors.

Analysts Set New Price Targets

Several equities analysts recently commented on XRAY shares. Robert W. Baird dropped their price objective on DENTSPLY SIRONA from $33.00 to $31.00 and set a “neutral” rating on the stock in a research note on Monday, July 22nd. Barrington Research reiterated an “outperform” rating and issued a $36.00 price objective on shares of DENTSPLY SIRONA in a research note on Friday, September 20th. Evercore ISI dropped their target price on DENTSPLY SIRONA from $29.00 to $27.00 and set an “outperform” rating on the stock in a research report on Tuesday, October 8th. Stifel Nicolaus dropped their target price on DENTSPLY SIRONA from $30.00 to $28.00 and set a “hold” rating on the stock in a research report on Thursday, July 18th. Finally, Needham & Company LLC restated a “buy” rating and set a $34.00 target price on shares of DENTSPLY SIRONA in a research report on Tuesday, August 20th. Five investment analysts have rated the stock with a hold rating and seven have assigned a buy rating to the company. According to MarketBeat, DENTSPLY SIRONA currently has a consensus rating of “Moderate Buy” and a consensus price target of $33.22.

DENTSPLY SIRONA Trading Up 1.4 %

Shares of XRAY stock opened at $24.64 on Thursday. The company has a debt-to-equity ratio of 0.57, a quick ratio of 0.87 and a current ratio of 1.33. DENTSPLY SIRONA Inc. has a 52-week low of $23.58 and a 52-week high of $37.60. The company has a market capitalization of $4.99 billion, a PE ratio of -28.65, a price-to-earnings-growth ratio of 1.17 and a beta of 1.00. The business’s fifty day moving average is $25.27 and its 200 day moving average is $26.88.

DENTSPLY SIRONA (NASDAQ:XRAY) last issued 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 positive return on equity of 11.86% and a negative net margin of 4.75%. The business had revenue of $984.00 million during the quarter, compared to analysts’ expectations of $993.61 million. During the same quarter last year, the business posted $0.51 EPS. The company’s quarterly revenue was down 4.3% on a year-over-year basis. On average, equities research analysts anticipate that DENTSPLY SIRONA Inc. will post 1.99 EPS for the current fiscal year.

DENTSPLY SIRONA Announces Dividend

The company also recently announced a quarterly dividend, which was paid on Friday, October 11th. Investors of record on Friday, September 27th were paid a $0.16 dividend. The ex-dividend date of this dividend was Friday, September 27th. This represents a $0.64 dividend on an annualized basis and a yield of 2.60%. DENTSPLY SIRONA’s dividend payout ratio is presently -74.42%.

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.