DENTSPLY SIRONA Inc. (NASDAQ:XRAY) Receives Consensus Rating of “Hold” from Analysts

DENTSPLY SIRONA Inc. (NASDAQ:XRAY) has earned a consensus rating of “Hold” from the fourteen ratings firms that are currently covering the company, Marketbeat.com reports. Eleven research analysts have rated the stock with a hold recommendation and three have assigned a buy recommendation to the company. The average twelve-month price target among brokerages that have covered the stock in the last year is $23.33.

A number of equities research analysts have recently issued reports on XRAY shares. Needham & Company LLC restated a “hold” rating on shares of DENTSPLY SIRONA in a research report on Thursday, March 13th. Jefferies Financial Group cut DENTSPLY SIRONA from a “buy” rating to a “hold” rating and dropped their target price for the company from $30.00 to $20.00 in a report on Thursday, January 23rd. Wells Fargo & Company cut their target price on DENTSPLY SIRONA from $20.00 to $19.00 and set an “equal weight” rating for the company in a research note on Friday, February 28th. Barrington Research lowered their price target on shares of DENTSPLY SIRONA from $24.00 to $20.00 and set an “outperform” rating on the stock in a research report on Friday, February 28th. Finally, StockNews.com cut shares of DENTSPLY SIRONA from a “buy” rating to a “hold” rating in a research report on Friday, February 28th.

Insider Buying and Selling at DENTSPLY SIRONA

In other news, Director Gregory T. Lucier bought 15,142 shares of the company’s stock in a transaction on Monday, March 3rd. The stock was bought at an average cost of $16.51 per share, with a total value of $249,994.42. Following the transaction, the director now directly owns 81,971 shares in the company, valued at $1,353,341.21. The trade was a 22.66 % increase in their position. The acquisition was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink. 0.52% of the stock is owned by corporate insiders.

Institutional Inflows and Outflows

Several hedge funds and other institutional investors have recently made changes to their positions in the business. Wealth Enhancement Advisory Services LLC boosted its position in DENTSPLY SIRONA by 222.2% in the 4th quarter. Wealth Enhancement Advisory Services LLC now owns 38,786 shares of the medical instruments supplier’s stock valued at $736,000 after buying an additional 26,748 shares during the period. Vise Technologies Inc. acquired a new stake in shares of DENTSPLY SIRONA in the fourth quarter valued at $195,000. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC boosted its holdings in DENTSPLY SIRONA by 13.4% in 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 valued at $10,466,000 after purchasing an additional 65,308 shares during the period. Voloridge Investment Management LLC acquired a new position in DENTSPLY SIRONA during the 4th quarter worth $24,571,000. Finally, Tidal Investments LLC increased its holdings in DENTSPLY SIRONA by 15.5% during the 4th quarter. Tidal Investments LLC now owns 25,702 shares of the medical instruments supplier’s stock worth $488,000 after purchasing an additional 3,449 shares during the period. Hedge funds and other institutional investors own 95.70% of the company’s stock.

DENTSPLY SIRONA Stock Down 1.5 %

Shares of NASDAQ XRAY opened at $15.57 on Wednesday. The stock has a market cap 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 has a 12-month low of $14.78 and a 12-month high of $33.42. The company has a 50-day moving average of $17.86 and a 200 day moving average of $20.40.

DENTSPLY SIRONA Dividend Announcement

The business also recently disclosed a quarterly dividend, which will be paid on Friday, April 11th. Investors of record on Friday, March 28th will be given a dividend of $0.16 per share. The ex-dividend date is Friday, March 28th. This represents a $0.64 dividend on an annualized basis and a dividend yield of 4.11%. DENTSPLY SIRONA’s payout ratio is currently -14.07%.

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.