New Mexico Educational Retirement Board Has $1.08 Million Stock Holdings in DENTSPLY SIRONA Inc. (NASDAQ:XRAY)

New Mexico Educational Retirement Board raised its position in DENTSPLY SIRONA Inc. (NASDAQ:XRAY) by 306.6% during the 2nd quarter, according to its most recent filing with the SEC. The institutional investor owned 43,500 shares of the medical instruments supplier’s stock after acquiring an additional 32,801 shares during the period. New Mexico Educational Retirement Board’s holdings in DENTSPLY SIRONA were worth $1,084,000 as of its most recent filing with the SEC.

Other large investors have also recently bought and sold shares of the company. Norges Bank bought a new stake in shares of DENTSPLY SIRONA in the fourth quarter worth $114,207,000. Nuance Investments LLC increased its stake in DENTSPLY SIRONA by 30.4% in the 4th quarter. Nuance Investments LLC now owns 11,603,889 shares of the medical instruments supplier’s stock valued at $412,982,000 after buying an additional 2,702,457 shares during the last quarter. Generation Investment Management LLP lifted its position in DENTSPLY SIRONA by 43.4% during the 4th quarter. Generation Investment Management LLP now owns 6,598,211 shares of the medical instruments supplier’s stock worth $234,830,000 after buying an additional 1,998,012 shares in the last quarter. Wellington Management Group LLP boosted its stake in shares of 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 last quarter. Finally, SG Americas Securities LLC grew its holdings in shares of DENTSPLY SIRONA by 2,959.1% in the 1st quarter. SG Americas Securities LLC now owns 1,373,421 shares of the medical instruments supplier’s stock valued at $45,584,000 after acquiring an additional 1,328,525 shares in the last quarter. Institutional investors and hedge funds own 95.70% of the company’s stock.

Analysts Set New Price Targets

A number of brokerages recently weighed in on XRAY. Needham & Company LLC restated a “buy” rating and set a $34.00 target price on shares of DENTSPLY SIRONA in a report on Tuesday, August 20th. Stifel Nicolaus dropped their target price on shares of DENTSPLY SIRONA from $30.00 to $28.00 and set a “hold” rating on the stock in a report on Thursday, July 18th. Robert W. Baird cut their target price on shares of DENTSPLY SIRONA from $33.00 to $31.00 and set a “neutral” rating for the company in a research note on Monday, July 22nd. Evercore ISI dropped their price objective on DENTSPLY SIRONA from $28.00 to $27.00 and set an “outperform” rating on the stock in a research note on Tuesday, July 9th. Finally, Barrington Research reiterated an “outperform” rating and set a $38.00 target price 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 issued a buy rating to the stock. According to MarketBeat.com, DENTSPLY SIRONA currently has a consensus rating of “Moderate Buy” and a consensus target price of $33.44.

DENTSPLY SIRONA Stock Performance

Shares of NASDAQ XRAY opened at $25.55 on Friday. The company has a debt-to-equity ratio of 0.57, a current ratio of 1.33 and a quick ratio of 0.87. The firm has a market cap of $5.30 billion, a price-to-earnings ratio of -58.07, a P/E/G ratio of 1.23 and a beta of 1.00. The stock’s fifty day moving average price is $25.32 and its two-hundred day moving average price is $28.38. DENTSPLY SIRONA Inc. has a one year low of $23.58 and a one year high of $37.60.

DENTSPLY SIRONA (NASDAQ:XRAY) last released its quarterly earnings results on Wednesday, July 31st. The medical instruments supplier reported $0.49 EPS for the quarter, missing the consensus estimate of $0.50 by ($0.01). DENTSPLY SIRONA had a negative net margin of 4.75% and a positive return on equity of 11.86%. The business had revenue of $984.00 million during the quarter, compared to analyst estimates of $993.61 million. During the same quarter last year, the company posted $0.51 earnings per share. The company’s revenue was down 4.3% on a year-over-year basis. On average, equities analysts forecast that DENTSPLY SIRONA Inc. will post 1.99 EPS for the current year.

DENTSPLY SIRONA Announces Dividend

The firm also recently declared a quarterly dividend, which will be paid on Friday, October 11th. Stockholders of record on Friday, September 27th will be given a $0.16 dividend. The ex-dividend date of this dividend is Friday, September 27th. This represents a $0.64 dividend on an annualized basis and a dividend yield of 2.50%. DENTSPLY SIRONA’s payout ratio is -145.45%.

DENTSPLY SIRONA Company Profile

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.