New York State Common Retirement Fund lessened its holdings in shares of DENTSPLY SIRONA Inc. (NASDAQ:XRAY) by 3.0% in the second quarter, according to the company in its most recent filing with the SEC. The institutional investor owned 955,388 shares of the medical instruments supplier’s stock after selling 29,081 shares during the quarter. New York State Common Retirement Fund owned 0.42% of DENTSPLY SIRONA worth $61,947,000 as of its most recent filing with the SEC.
A number of other institutional investors and hedge funds have also bought and sold shares of XRAY. Commonwealth Bank of Australia increased its position in DENTSPLY SIRONA by 19.0% during the 2nd quarter. Commonwealth Bank of Australia now owns 1,626 shares of the medical instruments supplier’s stock worth $104,000 after purchasing an additional 260 shares in the last quarter. Acrospire Investment Management LLC acquired a new stake in DENTSPLY SIRONA during the 2nd quarter worth approximately $113,000. Dupont Capital Management Corp acquired a new stake in DENTSPLY SIRONA during the 2nd quarter worth approximately $116,000. Korea Investment CORP increased its position in DENTSPLY SIRONA by 139.9% during the 2nd quarter. Korea Investment CORP now owns 2,145 shares of the medical instruments supplier’s stock worth $139,000 after purchasing an additional 1,251 shares in the last quarter. Finally, Sphera Funds Management LTD. acquired a new stake in DENTSPLY SIRONA during the 2nd quarter worth approximately $162,000. 93.87% of the stock is owned by hedge funds and other institutional investors.
DENTSPLY SIRONA (NASDAQ:XRAY) last issued its quarterly earnings results on Wednesday, August 9th. The medical instruments supplier reported $0.65 EPS for the quarter, hitting the Thomson Reuters’ consensus estimate of $0.65. The company had revenue of $992.70 million for the quarter, compared to the consensus estimate of $1 billion. DENTSPLY SIRONA had a positive return on equity of 7.24% and a negative net margin of 20.57%. The company’s revenue for the quarter was down 2.9% on a year-over-year basis. During the same period in the previous year, the business posted $0.76 EPS.
The firm also recently declared a quarterly dividend, which will be paid on Friday, October 13th. Shareholders of record on Friday, September 29th will be given a $0.0875 dividend. This represents a $0.35 annualized dividend and a yield of 0.60%. The ex-dividend date is Thursday, September 28th. DENTSPLY SIRONA’s dividend payout ratio is currently -10.09%.
A number of analysts recently issued reports on XRAY shares. Zacks Investment Research raised shares of DENTSPLY SIRONA from a “hold” rating to a “buy” rating and set a $72.00 target price for the company in a research report on Thursday, July 13th. BidaskClub downgraded shares of DENTSPLY SIRONA from a “buy” rating to a “hold” rating in a research report on Wednesday, July 19th. HC Wainwright started coverage on shares of DENTSPLY SIRONA in a research report on Tuesday, July 11th. They set a “buy” rating and a $74.00 target price for the company. Credit Suisse Group reissued an “outperform” rating and set a $75.00 target price (up previously from $67.00) on shares of DENTSPLY SIRONA in a research report on Thursday, July 13th. Finally, Jefferies Group LLC dropped their target price on shares of DENTSPLY SIRONA from $72.00 to $66.00 and set a “buy” rating for the company in a research report on Wednesday, August 23rd. Three investment analysts have rated the stock with a sell rating, three have assigned a hold rating and seven have issued a buy rating to the company. The company currently has a consensus rating of “Hold” and a consensus price target of $65.73.
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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