122,956 Shares in DENTSPLY SIRONA Inc. (NASDAQ:XRAY) Acquired by Ieq Capital LLC

Ieq Capital LLC acquired a new stake in DENTSPLY SIRONA Inc. (NASDAQ:XRAY) during the fourth quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The firm acquired 122,956 shares of the medical instruments supplier’s stock, valued at approximately $2,334,000.

Other institutional investors and hedge funds also recently added to or reduced their stakes in the company. Capital Performance Advisors LLP purchased a new position in shares of DENTSPLY SIRONA in the third quarter worth about $27,000. Kennebec Savings Bank purchased a new stake in DENTSPLY SIRONA during the 3rd quarter valued at about $35,000. MassMutual Private Wealth & Trust FSB raised its holdings in DENTSPLY SIRONA by 648.4% in the 4th quarter. MassMutual Private Wealth & Trust FSB now owns 1,422 shares of the medical instruments supplier’s stock valued at $27,000 after acquiring an additional 1,232 shares during the last quarter. UMB Bank n.a. lifted its stake in 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 worth $28,000 after purchasing an additional 564 shares in the last quarter. Finally, Van ECK Associates Corp acquired a new position in shares of DENTSPLY SIRONA during the 3rd quarter worth approximately $42,000. Institutional investors and hedge funds own 95.70% of the company’s stock.

DENTSPLY SIRONA Trading Down 1.1 %

Shares of DENTSPLY SIRONA stock opened at $18.75 on Monday. The company has a current ratio of 1.25, a quick ratio of 0.84 and a debt-to-equity ratio of 0.72. The company has a fifty day simple moving average of $18.92 and a 200-day simple moving average of $21.68. The stock has a market cap of $3.73 billion, a price-to-earnings ratio of -9.06, a PEG ratio of 1.80 and a beta of 0.96. DENTSPLY SIRONA Inc. has a 12-month low of $17.21 and a 12-month high of $34.91.

DENTSPLY SIRONA Dividend Announcement

The company also recently disclosed a quarterly dividend, which was paid on Friday, January 10th. Shareholders of record on Friday, December 27th were issued a dividend of $0.16 per share. This represents a $0.64 annualized dividend and a dividend yield of 3.41%. The ex-dividend date was Friday, December 27th. DENTSPLY SIRONA’s payout ratio is -30.92%.

Wall Street Analysts Forecast Growth

Several equities research analysts recently issued reports on XRAY shares. Needham & Company LLC restated a “buy” rating and set a $25.00 price objective on shares of DENTSPLY SIRONA in a research report on Tuesday, February 11th. Leerink Partnrs cut shares of DENTSPLY SIRONA from a “strong-buy” rating to a “hold” rating in a research note on Thursday, November 7th. Morgan Stanley reduced their price target on shares of DENTSPLY SIRONA from $30.00 to $23.00 and set an “overweight” rating on the stock in a research report on Tuesday, December 17th. Robert W. Baird lowered their price objective on DENTSPLY SIRONA from $31.00 to $24.00 and set a “neutral” rating for the company in a research report on Friday, November 8th. Finally, UBS Group reduced their target price on DENTSPLY SIRONA from $35.00 to $27.00 and set a “buy” rating on the stock in a research report on Tuesday, December 3rd. Ten research analysts have rated the stock with a hold rating and five have assigned a buy rating to the company’s stock. According to data from MarketBeat.com, the company currently has an average rating of “Hold” and a consensus target price of $25.85.

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.