Profund Advisors LLC trimmed its holdings in shares of DENTSPLY SIRONA Inc (NASDAQ:XRAY) by 12.1% during the second quarter, according to its most recent Form 13F filing with the SEC. The firm owned 6,752 shares of the medical instruments supplier’s stock after selling 927 shares during the period. Profund Advisors LLC’s holdings in DENTSPLY SIRONA were worth $394,000 at the end of the most recent reporting period.
Other institutional investors and hedge funds have also modified their holdings of the company. Altshuler Shaham Ltd increased its holdings in shares of DENTSPLY SIRONA by 209.8% during the second quarter. Altshuler Shaham Ltd now owns 505 shares of the medical instruments supplier’s stock valued at $30,000 after purchasing an additional 342 shares during the period. Cornerstone Advisors Inc. increased its holdings in shares of DENTSPLY SIRONA by 62.0% during the second quarter. Cornerstone Advisors Inc. now owns 904 shares of the medical instruments supplier’s stock valued at $53,000 after purchasing an additional 346 shares during the period. Van ECK Associates Corp acquired a new position in shares of DENTSPLY SIRONA during the second quarter valued at $54,000. Arcadia Investment Management Corp MI acquired a new position in shares of DENTSPLY SIRONA during the second quarter valued at $58,000. Finally, Hanseatic Management Services Inc. increased its holdings in shares of DENTSPLY SIRONA by 70.8% during the second quarter. Hanseatic Management Services Inc. now owns 1,030 shares of the medical instruments supplier’s stock valued at $60,000 after purchasing an additional 427 shares during the period. 94.67% of the stock is currently owned by institutional investors.
XRAY has been the topic of a number of research analyst reports. Evercore ISI started coverage on DENTSPLY SIRONA in a report on Friday, July 26th. They set an “in-line” rating on the stock. Barrington Research reaffirmed a “buy” rating and set a $63.00 target price on shares of DENTSPLY SIRONA in a report on Monday, August 5th. Wolfe Research started coverage on DENTSPLY SIRONA in a report on Thursday, May 30th. They set a “peer perform” rating on the stock. Zacks Investment Research lowered DENTSPLY SIRONA from a “buy” rating to a “hold” rating and set a $62.00 target price on the stock. in a report on Monday, May 27th. Finally, ValuEngine lowered DENTSPLY SIRONA from a “buy” rating to a “hold” rating in a report on Thursday, August 1st. One analyst has rated the stock with a sell rating, eight have assigned a hold rating and four have assigned a buy rating to the company. The company has a consensus rating of “Hold” and a consensus price target of $54.57.
DENTSPLY SIRONA (NASDAQ:XRAY) last issued its quarterly earnings results on Friday, August 2nd. The medical instruments supplier reported $0.66 earnings per share for the quarter, topping the Zacks’ consensus estimate of $0.62 by $0.04. The firm had revenue of $1.01 billion for the quarter, compared to analysts’ expectations of $1.04 billion. DENTSPLY SIRONA had a return on equity of 9.19% and a net margin of 2.67%. DENTSPLY SIRONA’s revenue was down 3.1% on a year-over-year basis. During the same quarter last year, the business posted $0.60 EPS. On average, sell-side analysts forecast that DENTSPLY SIRONA Inc will post 2.39 earnings per share for the current year.
The business also recently declared a quarterly dividend, which will be paid on Friday, October 11th. Investors of record on Friday, September 27th will be paid a $0.10 dividend. The ex-dividend date is Thursday, September 26th. This represents a $0.40 dividend on an annualized basis and a yield of 0.78%. This is a boost from DENTSPLY SIRONA’s previous quarterly dividend of $0.09. DENTSPLY SIRONA’s dividend payout ratio (DPR) is currently 17.41%.
DENTSPLY SIRONA Company Profile
DENTSPLY SIRONA Inc designs, develops, manufactures, and markets various dental and oral health products, and other consumable healthcare products primarily for the professional dental market worldwide. The company operates in two segments, Technologies & Equipment; and Consumables. Its dental supplies include endodontic instruments and materials, dental anesthetics, prophylaxis pastes, dental sealants, impression materials, restorative materials, tooth whiteners, and topical fluoride products; and small equipment products comprise dental hand pieces, intraoral curing light systems, dental diagnostic systems, and ultrasonic scalers and polishers.
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