Daiwa Securities Group Inc. Has $247,000 Position in DENTSPLY SIRONA Inc. (NASDAQ:XRAY)

Daiwa Securities Group Inc. lessened its position in DENTSPLY SIRONA Inc. (NASDAQ:XRAY) by 43.8% during the second quarter, according to the company in its most recent 13F filing with the SEC. The fund owned 9,913 shares of the medical instruments supplier’s stock after selling 7,739 shares during the quarter. Daiwa Securities Group Inc.’s holdings in DENTSPLY SIRONA were worth $247,000 as of its most recent filing with the SEC.

A number of other hedge funds and other institutional investors also recently made changes to their positions in XRAY. Principal Securities Inc. bought a new stake in DENTSPLY SIRONA during the fourth quarter worth about $26,000. LRI Investments LLC raised its stake in shares of DENTSPLY SIRONA by 82.7% during the 2nd quarter. LRI Investments LLC now owns 1,246 shares of the medical instruments supplier’s stock worth $31,000 after purchasing an additional 564 shares in the last quarter. Rothschild Investment LLC acquired a new stake in shares of DENTSPLY SIRONA in the 2nd quarter valued at approximately $32,000. Central Pacific Bank Trust Division bought a new position in shares of DENTSPLY SIRONA in the first quarter valued at $64,000. Finally, Mather Group LLC. acquired a new position in DENTSPLY SIRONA during the first quarter worth $72,000. 95.70% of the stock is currently owned by institutional investors and hedge funds.

Wall Street Analyst Weigh In

A number of research analysts have recently commented on XRAY shares. Robert W. Baird decreased their price objective on shares of DENTSPLY SIRONA from $33.00 to $31.00 and set a “neutral” rating for the company in a research report on Monday, July 22nd. Stifel Nicolaus lowered their price target on DENTSPLY SIRONA from $30.00 to $28.00 and set a “hold” rating on the stock in a research report on Thursday, July 18th. Needham & Company LLC reaffirmed a “buy” rating and issued a $34.00 price objective on shares of DENTSPLY SIRONA in a research report on Tuesday, August 20th. Barrington Research reissued an “outperform” rating and set a $38.00 target price on shares of DENTSPLY SIRONA in a report on Monday, July 8th. Finally, Evercore ISI cut their price target on DENTSPLY SIRONA from $28.00 to $27.00 and set an “outperform” rating for the company in a report on Tuesday, July 9th. Five investment analysts have rated the stock with a hold rating and seven have assigned a buy rating to the stock. According to MarketBeat, DENTSPLY SIRONA has a consensus rating of “Moderate Buy” and an average price target of $33.44.

DENTSPLY SIRONA Trading Up 2.3 %

XRAY stock opened at $26.69 on Wednesday. DENTSPLY SIRONA Inc. has a 52 week low of $23.58 and a 52 week high of $37.60. The company has a market capitalization of $5.54 billion, a PE ratio of -60.66, a price-to-earnings-growth ratio of 1.22 and a beta of 1.00. The company’s 50-day simple moving average is $25.47 and its 200 day simple moving average is $27.96. The company has a debt-to-equity ratio of 0.57, a quick ratio of 0.87 and a current ratio of 1.33.

DENTSPLY SIRONA (NASDAQ:XRAY) last announced its earnings results on Wednesday, July 31st. The medical instruments supplier reported $0.49 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.50 by ($0.01). DENTSPLY SIRONA had a positive return on equity of 11.86% and a negative net margin of 4.75%. The business had revenue of $984.00 million for the quarter, compared to analyst estimates of $993.61 million. During the same quarter in the previous year, the company earned $0.51 EPS. The business’s revenue for the quarter was down 4.3% on a year-over-year basis. As a group, sell-side analysts anticipate that DENTSPLY SIRONA Inc. will post 1.99 earnings per share for the current year.

DENTSPLY SIRONA Dividend Announcement

The business also recently disclosed a quarterly dividend, which will be paid on Friday, October 11th. Shareholders of record on Friday, September 27th will be issued a $0.16 dividend. The ex-dividend date of this dividend is Friday, September 27th. This represents a $0.64 annualized dividend and a yield of 2.40%. DENTSPLY SIRONA’s dividend payout ratio is presently -145.45%.

DENTSPLY SIRONA 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.