Kentucky Retirement Systems Has $534,000 Holdings in DENTSPLY SIRONA Inc. (NASDAQ:XRAY)

Kentucky Retirement Systems lessened its holdings in shares of DENTSPLY SIRONA Inc. (NASDAQ:XRAY) by 5.1% during the 1st quarter, according to its most recent filing with the Securities and Exchange Commission. The firm owned 16,089 shares of the medical instruments supplier’s stock after selling 862 shares during the quarter. Kentucky Retirement Systems’ holdings in DENTSPLY SIRONA were worth $534,000 as of its most recent SEC filing.

Several other hedge funds have also added to or reduced their stakes in the business. Nuance Investments LLC raised its stake in DENTSPLY SIRONA by 30.4% during the 4th quarter. Nuance Investments LLC now owns 11,603,889 shares of the medical instruments supplier’s stock worth $412,982,000 after buying an additional 2,702,457 shares during the period. First Eagle Investment Management LLC raised its stake in DENTSPLY SIRONA by 1.2% during the 4th quarter. First Eagle Investment Management LLC now owns 9,786,845 shares of the medical instruments supplier’s stock worth $348,314,000 after buying an additional 120,508 shares during the period. Wellington Management Group LLP raised its stake in DENTSPLY SIRONA by 21.1% during the 4th quarter. Wellington Management Group LLP now owns 8,138,253 shares of the medical instruments supplier’s stock worth $289,640,000 after buying an additional 1,419,503 shares during the period. Cooke & Bieler LP raised its stake in DENTSPLY SIRONA by 18.3% during the 4th quarter. Cooke & Bieler LP now owns 7,061,910 shares of the medical instruments supplier’s stock worth $251,333,000 after buying an additional 1,092,922 shares during the period. Finally, Generation Investment Management LLP raised its stake in shares of DENTSPLY SIRONA by 43.4% in the 4th quarter. Generation Investment Management LLP now owns 6,598,211 shares of the medical instruments supplier’s stock valued at $234,830,000 after purchasing an additional 1,998,012 shares during the period. Institutional investors and hedge funds own 95.70% of the company’s stock.

Insiders Place Their Bets

In other DENTSPLY SIRONA news, Director Gregory T. Lucier purchased 3,577 shares of the stock in a transaction on Friday, May 31st. The shares were purchased at an average price of $27.95 per share, with a total value of $99,977.15. Following the completion of the transaction, the director now directly owns 58,374 shares in the company, valued at $1,631,553.30. The acquisition was disclosed in a legal filing with the SEC, which can be accessed through this link. Company insiders own 0.52% of the company’s stock.

DENTSPLY SIRONA Stock Up 0.0 %

XRAY traded up $0.01 on Monday, hitting $26.42. 1,198,799 shares of the company were exchanged, compared to its average volume of 3,091,032. DENTSPLY SIRONA Inc. has a 12 month low of $23.94 and a 12 month high of $41.56. The company has a market cap of $5.49 billion, a PE ratio of -60.00, a PEG ratio of 1.18 and a beta of 1.01. The company has a debt-to-equity ratio of 0.54, a quick ratio of 0.97 and a current ratio of 1.43. The stock’s fifty day moving average is $26.32 and its 200-day moving average is $30.34.

DENTSPLY SIRONA (NASDAQ:XRAY) last released its earnings results on Thursday, May 2nd. The medical instruments supplier reported $0.42 earnings per share (EPS) for the quarter, hitting the consensus estimate of $0.42. The business had revenue of $953.00 million for the quarter, compared to analyst estimates of $969.45 million. DENTSPLY SIRONA had a positive return on equity of 11.54% and a negative net margin of 2.41%. DENTSPLY SIRONA’s revenue was down 2.6% on a year-over-year basis. During the same quarter in the prior year, the company posted $0.39 earnings per share. Equities research analysts predict that DENTSPLY SIRONA Inc. will post 2.02 EPS for the current fiscal year.

DENTSPLY SIRONA Announces Dividend

The firm also recently declared a quarterly dividend, which was paid on Friday, July 12th. Shareholders of record on Friday, June 28th were given a dividend of $0.16 per share. This represents a $0.64 dividend on an annualized basis and a yield of 2.42%. The ex-dividend date of this dividend was Friday, June 28th. DENTSPLY SIRONA’s dividend payout ratio (DPR) is presently -145.45%.

Wall Street Analyst Weigh In

Several analysts have issued reports on the company. Stifel Nicolaus dropped their price target on DENTSPLY SIRONA from $30.00 to $28.00 and set a “hold” rating on the stock in a research note on Thursday, July 18th. StockNews.com downgraded DENTSPLY SIRONA from a “buy” rating to a “hold” rating in a research note on Friday, May 3rd. Robert W. Baird dropped their price target on DENTSPLY SIRONA from $33.00 to $31.00 and set a “neutral” rating on the stock in a research note on Monday, July 22nd. Needham & Company LLC dropped their price target on DENTSPLY SIRONA from $42.00 to $36.00 and set a “buy” rating on the stock in a research note on Friday, May 3rd. Finally, Barrington Research reissued an “outperform” rating and issued a $38.00 price target on shares of DENTSPLY SIRONA in a research note on Monday, July 8th. Five research analysts have rated the stock with a hold rating and seven have given a buy rating to the stock. Based on data from MarketBeat.com, DENTSPLY SIRONA presently has an average rating of “Moderate Buy” and a consensus target price of $33.67.

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.