First Horizon Advisors Inc. raised its position in DENTSPLY SIRONA Inc. (NASDAQ:XRAY) by 516.4% during the 3rd quarter, HoldingsChannel.com reports. The institutional investor owned 1,541 shares of the medical instruments supplier’s stock after acquiring an additional 1,291 shares during the period. First Horizon Advisors Inc.’s holdings in DENTSPLY SIRONA were worth $118,000 as of its most recent filing with the Securities and Exchange Commission (SEC).
Other institutional investors and hedge funds have also recently modified their holdings of the company. Liberty Wealth Management LLC bought a new stake in shares of DENTSPLY SIRONA during the 2nd quarter valued at $33,000. Exchange Traded Concepts LLC raised its stake in shares of DENTSPLY SIRONA by 39.4% during the 3rd quarter. Exchange Traded Concepts LLC now owns 786 shares of the medical instruments supplier’s stock valued at $46,000 after purchasing an additional 222 shares during the period. Evermay Wealth Management LLC bought a new stake in shares of DENTSPLY SIRONA during the 2nd quarter valued at $51,000. Advisory Services Network LLC bought a new stake in shares of DENTSPLY SIRONA during the 2nd quarter valued at $52,000. Finally, FORA Capital LLC bought a new stake in shares of DENTSPLY SIRONA during the 2nd quarter valued at $72,000. Hedge funds and other institutional investors own 93.71% of the company’s stock.
In other news, CEO Donald M. Jr. Casey acquired 20,000 shares of the business’s stock in a transaction dated Wednesday, December 1st. The stock was purchased at an average cost of $49.78 per share, for a total transaction of $995,600.00. The transaction was disclosed in a filing with the SEC, which is available at this link. Also, insider Walter Petersohn sold 86,431 shares of the company’s stock in a transaction dated Wednesday, November 17th. The stock was sold at an average price of $54.18, for a total value of $4,682,831.58. The disclosure for this sale can be found here. 0.69% of the stock is owned by insiders.
DENTSPLY SIRONA (NASDAQ:XRAY) last posted its earnings results on Thursday, November 4th. The medical instruments supplier reported $0.68 EPS for the quarter, topping the Thomson Reuters’ consensus estimate of $0.65 by $0.03. DENTSPLY SIRONA had a return on equity of 13.05% and a net margin of 9.85%. The business had revenue of $1.07 billion during the quarter, compared to analysts’ expectations of $1.02 billion. During the same period in the previous year, the business earned $0.67 earnings per share. The firm’s revenue was up 19.4% on a year-over-year basis. On average, research analysts anticipate that DENTSPLY SIRONA Inc. will post 2.89 earnings per share for the current year.
The firm also recently announced a quarterly dividend, which was paid on Friday, January 14th. Investors of record on Friday, December 31st were given a dividend of $0.11 per share. This represents a $0.44 annualized dividend and a yield of 0.82%. The ex-dividend date of this dividend was Thursday, December 30th. DENTSPLY SIRONA’s payout ratio is 23.16%.
DENTSPLY SIRONA Company Profile
Dentsply Sirona, Inc engages in the design, manufacture, sales and distribution of professional dental products and technologies. It operates through the following segments: Technologies and Equipment and Consumables. The Technologies and Equipment segments comprises dental technology, equipment and healthcare consumable products such as dental implants, laboratory dental products, computer-aided design and computer-aided manufacturing systems, imaging systems, treatment centers and consumable medical device products.
Further Reading: Arbitrage
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