Sumitomo Mitsui Trust Holdings Inc. Reduces Stake in DENTSPLY SIRONA Inc. (XRAY)

Sumitomo Mitsui Trust Holdings Inc. reduced its position in DENTSPLY SIRONA Inc. (NASDAQ:XRAY) by 1.1% during the third quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 661,683 shares of the medical instruments supplier’s stock after selling 7,561 shares during the period. Sumitomo Mitsui Trust Holdings Inc. owned approximately 0.29% of DENTSPLY SIRONA worth $39,575,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Other institutional investors also recently made changes to their positions in the company. Alps Advisors Inc. increased its holdings in shares of DENTSPLY SIRONA by 0.3% in the second quarter. Alps Advisors Inc. now owns 7,523 shares of the medical instruments supplier’s stock worth $488,000 after purchasing an additional 20 shares during the last quarter. Wetherby Asset Management Inc. grew its position in DENTSPLY SIRONA by 0.6% in the second quarter. Wetherby Asset Management Inc. now owns 5,004 shares of the medical instruments supplier’s stock worth $324,000 after acquiring an additional 30 shares in the last quarter. BRYN MAWR TRUST Co grew its position in DENTSPLY SIRONA by 0.5% in the second quarter. BRYN MAWR TRUST Co now owns 12,064 shares of the medical instruments supplier’s stock worth $782,000 after acquiring an additional 65 shares in the last quarter. Nordea Investment Management AB grew its position in DENTSPLY SIRONA by 0.7% in the second quarter. Nordea Investment Management AB now owns 10,235 shares of the medical instruments supplier’s stock worth $664,000 after acquiring an additional 75 shares in the last quarter. Finally, Louisiana State Employees Retirement System grew its position in DENTSPLY SIRONA by 0.7% in the second quarter. Louisiana State Employees Retirement System now owns 14,200 shares of the medical instruments supplier’s stock worth $921,000 after acquiring an additional 100 shares in the last quarter. 94.68% of the stock is currently owned by institutional investors.

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Several research analysts recently commented on the company. TheStreet upgraded DENTSPLY SIRONA from a “c” rating to a “b-” rating in a research report on Friday, November 3rd. Stifel Nicolaus boosted their target price on DENTSPLY SIRONA from $66.00 to $70.00 and gave the company a “buy” rating in a research report on Monday, November 6th. HC Wainwright restated a “buy” rating and set a $68.00 target price on shares of DENTSPLY SIRONA in a research report on Monday, November 6th. Barrington Research upgraded DENTSPLY SIRONA from a “market perform” rating to an “outperform” rating and set a $73.00 target price for the company in a research report on Monday, November 6th. Finally, Zacks Investment Research lowered DENTSPLY SIRONA from a “hold” rating to a “sell” rating in a research report on Monday, October 30th. Three equities research analysts have rated the stock with a sell rating, two have issued a hold rating and seven have issued a buy rating to the company. The company has a consensus rating of “Hold” and a consensus target price of $67.00.

In related news, CFO Nicholas W. Alexos purchased 50,000 shares of the firm’s stock in a transaction dated Monday, November 13th. The stock was purchased at an average price of $65.85 per share, with a total value of $3,292,500.00. The acquisition was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this link. Also, Director Francis J. Lunger sold 8,900 shares of the business’s stock in a transaction that occurred on Monday, November 13th. The stock was sold at an average price of $65.90, for a total transaction of $586,510.00. The disclosure for this sale can be found here. Insiders own 1.99% of the company’s stock.

Shares of DENTSPLY SIRONA Inc. (NASDAQ XRAY) opened at $67.01 on Wednesday. The company has a debt-to-equity ratio of 0.21, a quick ratio of 1.59 and a current ratio of 2.32. DENTSPLY SIRONA Inc. has a 12 month low of $52.53 and a 12 month high of $67.95. The firm has a market cap of $15,257.83, a P/E ratio of 26.47, a PEG ratio of 2.63 and a beta of 1.27.

DENTSPLY SIRONA (NASDAQ:XRAY) last posted its quarterly earnings results on Friday, November 3rd. The medical instruments supplier reported $0.70 earnings per share for the quarter, beating the Thomson Reuters’ consensus estimate of $0.66 by $0.04. DENTSPLY SIRONA had a negative net margin of 20.33% and a positive return on equity of 7.56%. The firm had revenue of $1.01 billion during the quarter, compared to the consensus estimate of $978.99 million. During the same quarter in the previous year, the firm posted $0.66 earnings per share. The company’s revenue was up 5.8% on a year-over-year basis. sell-side analysts expect that DENTSPLY SIRONA Inc. will post 2.66 EPS for the current fiscal year.

DENTSPLY SIRONA Profile

DENTSPLY SIRONA Inc is a manufacturer of professional dental products and technologies. The Company develops, manufactures, and markets solutions offering, including dental and oral health products, as well as other consumable medical devices. It operates through two segments: Dental and Healthcare Consumables, and Technologies.

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Institutional Ownership by Quarter for DENTSPLY SIRONA (NASDAQ:XRAY)

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