King Luther Capital Management Corp lowered its position in DENTSPLY SIRONA Inc. (NASDAQ:XRAY) by 1.6% during the second quarter, according to its most recent filing with the SEC. The institutional investor owned 201,424 shares of the medical instruments supplier’s stock after selling 3,200 shares during the period. King Luther Capital Management Corp owned 0.09% of DENTSPLY SIRONA worth $13,060,000 at the end of the most recent quarter.
Other hedge funds have also recently made changes to their positions in the company. Commonwealth Bank of Australia lifted its holdings in DENTSPLY SIRONA by 19.0% in the 2nd quarter. Commonwealth Bank of Australia now owns 1,626 shares of the medical instruments supplier’s stock valued at $104,000 after purchasing an additional 260 shares in the last quarter. Dupont Capital Management Corp purchased a new position in DENTSPLY SIRONA in the 2nd quarter valued at $116,000. Korea Investment CORP lifted its holdings in DENTSPLY SIRONA by 139.9% in the 2nd quarter. Korea Investment CORP now owns 2,145 shares of the medical instruments supplier’s stock valued at $139,000 after purchasing an additional 1,251 shares in the last quarter. Sphera Funds Management LTD. purchased a new position in DENTSPLY SIRONA in the 2nd quarter valued at $162,000. Finally, Penserra Capital Management LLC lifted its holdings in DENTSPLY SIRONA by 9.5% in the 1st quarter. Penserra Capital Management LLC now owns 2,760 shares of the medical instruments supplier’s stock valued at $172,000 after purchasing an additional 240 shares in the last quarter. Institutional investors own 93.97% of the company’s stock.
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XRAY has been the topic of a number of research reports. UBS AG restated a “neutral” rating and issued a $59.00 price objective (down previously from $62.00) on shares of DENTSPLY SIRONA in a report on Thursday, August 10th. BidaskClub lowered DENTSPLY SIRONA from a “hold” rating to a “sell” rating in a report on Friday, July 28th. Jefferies Group LLC decreased their price objective on DENTSPLY SIRONA from $72.00 to $66.00 and set a “buy” rating on the stock in a report on Wednesday, August 23rd. Stifel Nicolaus restated a “buy” rating and issued a $66.00 price objective (down previously from $70.00) on shares of DENTSPLY SIRONA in a report on Thursday, August 10th. Finally, Zacks Investment Research lowered DENTSPLY SIRONA from a “hold” rating to a “sell” rating in a report on Monday, August 14th. Three research analysts have rated the stock with a sell rating, three have given a hold rating and seven have given a buy rating to the company. The stock currently has a consensus rating of “Hold” and an average target price of $65.73.
DENTSPLY SIRONA Inc. (NASDAQ XRAY) traded up 1.75% on Friday, hitting $59.14. The stock had a trading volume of 718,987 shares. The stock’s market cap is $13.57 billion. DENTSPLY SIRONA Inc. has a one year low of $52.54 and a one year high of $65.68. The stock’s 50 day moving average is $57.32 and its 200 day moving average is $61.80.
DENTSPLY SIRONA (NASDAQ:XRAY) last posted its quarterly earnings data on Wednesday, August 9th. The medical instruments supplier reported $0.65 EPS for the quarter, meeting analysts’ consensus estimates of $0.65. The business had revenue of $992.70 million for the quarter, compared to analyst estimates of $1 billion. DENTSPLY SIRONA had a positive return on equity of 7.24% and a negative net margin of 20.57%. The business’s revenue for the quarter was down 2.9% compared to the same quarter last year. During the same quarter last year, the company earned $0.76 earnings per share. Analysts anticipate that DENTSPLY SIRONA Inc. will post $2.68 earnings per share for the current year.
The business also recently disclosed a quarterly dividend, which will be paid on Friday, October 13th. Investors of record on Friday, September 29th will be paid a dividend of $0.0875 per share. This represents a $0.35 dividend on an annualized basis and a dividend yield of 0.60%. The ex-dividend date is Thursday, September 28th. DENTSPLY SIRONA’s payout ratio is currently -10.09%.
About DENTSPLY SIRONA
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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