California Public Employees Retirement System raised its stake in DENTSPLY SIRONA Inc. (NASDAQ:XRAY) by 2.2% in the 3rd quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The fund owned 499,526 shares of the medical instruments supplier’s stock after purchasing an additional 10,828 shares during the quarter. California Public Employees Retirement System owned 0.22% of DENTSPLY SIRONA worth $29,877,000 as of its most recent filing with the Securities & Exchange Commission.
Other institutional investors also recently modified their holdings of the company. Veritas Asset Management LLP raised its stake in shares of DENTSPLY SIRONA by 2.6% in the second quarter. Veritas Asset Management LLP now owns 6,201,155 shares of the medical instruments supplier’s stock worth $402,083,000 after purchasing an additional 157,616 shares during the last quarter. Bronfman E.L. Rothschild L.P. grew its holdings in shares of DENTSPLY SIRONA by 78.7% in the second quarter. Bronfman E.L. Rothschild L.P. now owns 11,886 shares of the medical instruments supplier’s stock valued at $771,000 after acquiring an additional 5,236 shares in the last quarter. Royce & Associates LP grew its holdings in shares of DENTSPLY SIRONA by 23.4% in the second quarter. Royce & Associates LP now owns 126,650 shares of the medical instruments supplier’s stock valued at $8,212,000 after acquiring an additional 24,000 shares in the last quarter. Delta Lloyd Asset Management N.V. bought a new position in shares of DENTSPLY SIRONA in the second quarter valued at approximately $15,624,000. Finally, Grandfield & Dodd LLC grew its holdings in shares of DENTSPLY SIRONA by 1.8% in the third quarter. Grandfield & Dodd LLC now owns 236,109 shares of the medical instruments supplier’s stock valued at $14,122,000 after acquiring an additional 4,140 shares in the last quarter. 96.58% of the stock is owned by hedge funds and other institutional investors.
In other DENTSPLY SIRONA news, Director Francis J. Lunger sold 8,900 shares of the stock in a transaction on Monday, November 13th. The stock was sold at an average price of $65.90, for a total transaction of $586,510.00. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, CFO Nicholas W. Alexos acquired 50,000 shares of DENTSPLY SIRONA stock in a transaction on Monday, November 13th. The shares were purchased at an average cost of $65.85 per share, with a total value of $3,292,500.00. The disclosure for this purchase can be found here. 1.99% of the stock is currently owned by corporate insiders.
DENTSPLY SIRONA (NASDAQ:XRAY) last announced its quarterly earnings data on Friday, November 3rd. The medical instruments supplier reported $0.70 earnings per share for the quarter, beating the consensus estimate of $0.66 by $0.04. DENTSPLY SIRONA had a positive return on equity of 7.56% and a negative net margin of 20.33%. The business had revenue of $1.01 billion during the quarter, compared to analyst estimates of $978.99 million. During the same period in the prior year, the company earned $0.66 earnings per share. DENTSPLY SIRONA’s revenue was up 5.8% compared to the same quarter last year. equities research analysts predict that DENTSPLY SIRONA Inc. will post 2.65 EPS for the current year.
The company also recently disclosed a quarterly dividend, which will be paid on Friday, January 12th. Shareholders of record on Friday, December 29th will be issued a dividend of $0.0875 per share. This represents a $0.35 annualized dividend and a yield of 0.53%. The ex-dividend date of this dividend is Thursday, December 28th. DENTSPLY SIRONA’s dividend payout ratio (DPR) is -10.09%.
Several equities analysts have recently issued reports on the company. HC Wainwright lowered DENTSPLY SIRONA from a “buy” rating to a “neutral” rating and set a $68.00 target price for the company. in a report on Thursday, November 30th. Stephens assumed coverage on DENTSPLY SIRONA in a report on Tuesday, November 28th. They issued an “overweight” rating and a $75.00 target price for the company. BidaskClub lowered DENTSPLY SIRONA from a “strong-buy” rating to a “buy” rating in a report on Saturday, December 2nd. Deutsche Bank assumed coverage on DENTSPLY SIRONA in a report on Friday, December 8th. They issued a “buy” rating and a $81.00 target price for the company. Finally, J P Morgan Chase & Co raised DENTSPLY SIRONA from a “neutral” rating to an “overweight” rating and set a $75.00 target price for the company in a report on Wednesday, December 13th. Two analysts have rated the stock with a sell rating, three have given a hold rating and ten have issued a buy rating to the company. The company has an average rating of “Buy” and an average target price of $69.31.
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DENTSPLY SIRONA Company 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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