Avior Wealth Management LLC Has $954,000 Position in DENTSPLY SIRONA Inc. (NASDAQ:XRAY)

Avior Wealth Management LLC lifted its holdings in DENTSPLY SIRONA Inc. (NASDAQ:XRAY) by 18.6% in the 4th quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The fund owned 26,800 shares of the medical instruments supplier’s stock after purchasing an additional 4,200 shares during the period. Avior Wealth Management LLC’s holdings in DENTSPLY SIRONA were worth $954,000 at the end of the most recent reporting period.

Other institutional investors and hedge funds have also modified their holdings of the company. VisionPoint Advisory Group LLC lifted its stake in shares of DENTSPLY SIRONA by 104.2% in the 3rd quarter. VisionPoint Advisory Group LLC now owns 774 shares of the medical instruments supplier’s stock valued at $26,000 after purchasing an additional 395 shares during the last quarter. Point72 Asset Management L.P. acquired a new stake in shares of DENTSPLY SIRONA in the 2nd quarter valued at $44,000. Parkside Financial Bank & Trust raised its holdings in DENTSPLY SIRONA by 163.7% in the 1st quarter. Parkside Financial Bank & Trust now owns 915 shares of the medical instruments supplier’s stock worth $46,000 after acquiring an additional 568 shares during the period. Anchor Investment Management LLC bought a new position in DENTSPLY SIRONA in the 4th quarter worth $47,000. Finally, Exchange Traded Concepts LLC raised its holdings in DENTSPLY SIRONA by 41.2% in the 3rd quarter. Exchange Traded Concepts LLC now owns 1,504 shares of the medical instruments supplier’s stock worth $51,000 after acquiring an additional 439 shares during the period. Institutional investors and hedge funds own 95.70% of the company’s stock.

Wall Street Analyst Weigh In

Several research analysts recently commented on the stock. StockNews.com upgraded shares of DENTSPLY SIRONA from a “hold” rating to a “buy” rating in a report on Friday, January 19th. Piper Sandler lifted their target price on shares of DENTSPLY SIRONA from $31.00 to $35.00 and gave the stock a “neutral” rating in a report on Friday, January 12th. Leerink Partnrs reiterated an “outperform” rating on shares of DENTSPLY SIRONA in a report on Monday, February 26th. Needham & Company LLC reiterated a “buy” rating and issued a $42.00 target price on shares of DENTSPLY SIRONA in a report on Thursday, February 29th. Finally, Barrington Research reiterated an “outperform” rating and issued a $41.00 target price on shares of DENTSPLY SIRONA in a report on Friday, March 1st. Three equities research analysts have rated the stock with a hold rating and seven have issued a buy rating to the company. Based on data from MarketBeat, DENTSPLY SIRONA presently has an average rating of “Moderate Buy” and a consensus target price of $39.50.

DENTSPLY SIRONA Stock Performance

NASDAQ:XRAY opened at $30.36 on Thursday. The firm’s 50-day moving average is $32.89 and its 200-day moving average is $32.88. DENTSPLY SIRONA Inc. has a 52-week low of $26.27 and a 52-week high of $43.24. The company has a debt-to-equity ratio of 0.55, a quick ratio of 0.95 and a current ratio of 1.38.

DENTSPLY SIRONA (NASDAQ:XRAY) last posted its earnings results on Thursday, February 29th. The medical instruments supplier reported $0.44 earnings per share for the quarter, beating analysts’ consensus estimates of $0.43 by $0.01. The business had revenue of $1.01 billion for the quarter, compared to analysts’ expectations of $972.61 million. DENTSPLY SIRONA had a negative net margin of 3.33% and a positive return on equity of 11.14%. The firm’s revenue for the quarter was up 3.0% on a year-over-year basis. During the same quarter in the previous year, the firm posted $0.46 earnings per share. As a group, analysts forecast that DENTSPLY SIRONA Inc. will post 2.05 earnings per share for the current year.

DENTSPLY SIRONA Increases Dividend

The firm also recently announced a quarterly dividend, which was paid on Friday, April 12th. Investors of record on Friday, March 29th were paid a $0.16 dividend. The ex-dividend date was Wednesday, March 27th. This represents a $0.64 dividend on an annualized basis and a yield of 2.11%. This is a boost from DENTSPLY SIRONA’s previous quarterly dividend of $0.14. DENTSPLY SIRONA’s payout ratio is presently -103.22%.

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.