DENTSPLY SIRONA Inc. (NASDAQ:XRAY) Shares Acquired by Federated Hermes Inc.

Federated Hermes Inc. increased its holdings in shares of DENTSPLY SIRONA Inc. (NASDAQ:XRAY) by 3.0% in the second quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 169,182 shares of the medical instruments supplier’s stock after purchasing an additional 4,891 shares during the period. Federated Hermes Inc. owned 0.08% of DENTSPLY SIRONA worth $4,214,000 as of its most recent SEC filing.

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

Wall Street Analysts Forecast Growth

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

DENTSPLY SIRONA Stock Up 0.1 %

XRAY opened at $26.71 on Thursday. The company has a debt-to-equity ratio of 0.57, a quick ratio of 0.87 and a current ratio of 1.33. The company has a market cap of $5.41 billion, a price-to-earnings ratio of -60.70, a PEG ratio of 1.25 and a beta of 1.00. DENTSPLY SIRONA Inc. has a one year low of $23.58 and a one year high of $37.60. The business’s fifty day moving average is $25.52 and its two-hundred day moving average is $27.96.

DENTSPLY SIRONA (NASDAQ:XRAY) last released its quarterly earnings data on Wednesday, July 31st. The medical instruments supplier reported $0.49 EPS for the quarter, missing the consensus estimate 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 during the quarter, compared to analysts’ expectations of $993.61 million. During the same quarter in the prior year, the firm earned $0.51 earnings per share. DENTSPLY SIRONA’s quarterly revenue was down 4.3% on a year-over-year basis. Analysts anticipate that DENTSPLY SIRONA Inc. will post 1.99 EPS for the current fiscal year.

DENTSPLY SIRONA Dividend Announcement

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