Teachers Retirement System of The State of Kentucky Trims Stock Holdings in DENTSPLY SIRONA Inc. (NASDAQ:XRAY)

Teachers Retirement System of The State of Kentucky lessened its holdings in DENTSPLY SIRONA Inc. (NASDAQ:XRAY) by 2.6% in the 3rd quarter, according to its most recent filing with the SEC. The firm owned 68,788 shares of the medical instruments supplier’s stock after selling 1,810 shares during the period. Teachers Retirement System of The State of Kentucky’s holdings in DENTSPLY SIRONA were worth $1,861,000 at the end of the most recent quarter.

A number of other institutional investors have also modified their holdings of XRAY. M&T Bank Corp lifted its position in DENTSPLY SIRONA by 5.6% during the third quarter. M&T Bank Corp now owns 39,079 shares of the medical instruments supplier’s stock valued at $1,058,000 after acquiring an additional 2,062 shares during the last quarter. Barclays PLC lifted its holdings in shares of DENTSPLY SIRONA by 21.8% during the 3rd quarter. Barclays PLC now owns 306,809 shares of the medical instruments supplier’s stock valued at $8,301,000 after purchasing an additional 54,920 shares during the last quarter. Y Intercept Hong Kong Ltd boosted its position in shares of DENTSPLY SIRONA by 28.8% in the 3rd quarter. Y Intercept Hong Kong Ltd now owns 30,823 shares of the medical instruments supplier’s stock worth $834,000 after purchasing an additional 6,899 shares in the last quarter. MML Investors Services LLC grew its stake in DENTSPLY SIRONA by 2.1% during the 3rd quarter. MML Investors Services LLC now owns 29,682 shares of the medical instruments supplier’s stock worth $803,000 after buying an additional 620 shares during the last quarter. Finally, iSAM Funds UK Ltd acquired a new position in DENTSPLY SIRONA during the 3rd quarter valued at about $394,000. 95.70% of the stock is currently owned by institutional investors.

Wall Street Analyst Weigh In

Several brokerages have weighed in on XRAY. Evercore ISI lowered their price target on DENTSPLY SIRONA from $29.00 to $27.00 and set an “outperform” rating for the company in a report on Tuesday, October 8th. Barrington Research lowered their target price on shares of DENTSPLY SIRONA from $36.00 to $24.00 and set an “outperform” rating for the company in a research note on Friday, November 8th. Leerink Partners lowered shares of DENTSPLY SIRONA from an “outperform” rating to a “market perform” rating in a research note on Thursday, November 7th. StockNews.com downgraded shares of DENTSPLY SIRONA from a “buy” rating to a “hold” rating in a research note on Tuesday, November 19th. Finally, Needham & Company LLC dropped their price objective on shares of DENTSPLY SIRONA from $34.00 to $29.00 and set a “buy” rating on the stock in a report on Friday, October 25th. Eight investment analysts have rated the stock with a hold rating and four have issued a buy rating to the company’s stock. Based on data from MarketBeat.com, the stock presently has a consensus rating of “Hold” and an average price target of $28.40.

DENTSPLY SIRONA Price Performance

Shares of XRAY opened at $19.59 on Tuesday. The business’s 50-day moving average is $21.18 and its two-hundred day moving average is $24.11. The company has a market capitalization of $3.89 billion, a P/E ratio of -9.46, a P/E/G ratio of 1.93 and a beta of 0.96. DENTSPLY SIRONA Inc. has a fifty-two week low of $17.21 and a fifty-two week high of $37.60. The company has a debt-to-equity ratio of 0.72, a quick ratio of 0.84 and a current ratio of 1.25.

DENTSPLY SIRONA (NASDAQ:XRAY) last posted its earnings results on Thursday, November 7th. The medical instruments supplier reported $0.50 EPS for the quarter, topping the consensus estimate of $0.48 by $0.02. DENTSPLY SIRONA had a positive return on equity of 12.62% and a negative net margin of 10.59%. The firm had revenue of $951.00 million for the quarter, compared to analyst estimates of $939.10 million. During the same period last year, the company earned $0.49 earnings per share. DENTSPLY SIRONA’s revenue for the quarter was up .4% compared to the same quarter last year. Research analysts predict that DENTSPLY SIRONA Inc. will post 1.84 earnings per share for the current year.

DENTSPLY SIRONA Dividend Announcement

The company also recently announced a quarterly dividend, which will be paid on Friday, January 10th. Investors of record on Friday, December 27th will be paid a $0.16 dividend. This represents a $0.64 annualized dividend and a dividend yield of 3.27%. The ex-dividend date is Friday, December 27th. DENTSPLY SIRONA’s dividend payout ratio is currently -30.92%.

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.