33,660 Shares in DENTSPLY SIRONA Inc. (NASDAQ:XRAY) Bought by Bridges Investment Management Inc.

Bridges Investment Management Inc. bought a new position in shares of DENTSPLY SIRONA Inc. (NASDAQ:XRAY) during the second quarter, according to its most recent disclosure with the Securities & Exchange Commission. The fund bought 33,660 shares of the medical instruments supplier’s stock, valued at approximately $838,000.

Several other hedge funds have also modified their holdings of the stock. Principal Securities Inc. acquired a new stake in DENTSPLY SIRONA during the 4th quarter worth about $26,000. LRI Investments LLC lifted its position 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 acquiring an additional 564 shares in the last quarter. Rothschild Investment LLC acquired a new position in DENTSPLY SIRONA in the 2nd quarter worth approximately $32,000. Central Pacific Bank Trust Division purchased a new position in DENTSPLY SIRONA during the 1st quarter worth approximately $64,000. Finally, Mather Group LLC. acquired a new stake in DENTSPLY SIRONA during the 1st quarter valued at $72,000. 95.70% of the stock is owned by hedge funds and other institutional investors.

DENTSPLY SIRONA Stock Performance

XRAY stock opened at $26.29 on Friday. The firm has a 50 day moving average of $25.56 and a two-hundred day moving average of $27.90. DENTSPLY SIRONA Inc. has a 12 month low of $23.58 and a 12 month high of $37.60. The company has a market capitalization of $5.46 billion, a price-to-earnings ratio of -59.75, a P/E/G ratio of 1.25 and a beta of 1.00. The company has a quick ratio of 0.87, a current ratio of 1.33 and a debt-to-equity ratio of 0.57.

DENTSPLY SIRONA (NASDAQ:XRAY) last issued its quarterly earnings data 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 during the quarter, compared to the consensus estimate of $993.61 million. During the same quarter in the prior year, the company posted $0.51 earnings per share. The company’s revenue for the quarter was down 4.3% on a year-over-year basis. As a group, equities analysts anticipate that DENTSPLY SIRONA Inc. will post 1.99 EPS for the current fiscal year.

DENTSPLY SIRONA Announces Dividend

The business also recently announced a quarterly dividend, which will be paid on Friday, October 11th. Investors 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 2.43%. DENTSPLY SIRONA’s dividend payout ratio (DPR) is currently -145.45%.

Wall Street Analysts Forecast Growth

Several analysts have recently commented on the company. Robert W. Baird decreased their target price on 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 target price on DENTSPLY SIRONA from $30.00 to $28.00 and set a “hold” rating on the stock in a research note on Thursday, July 18th. Needham & Company LLC reiterated a “buy” rating and issued a $34.00 target price on shares of DENTSPLY SIRONA in a report on Tuesday, August 20th. Evercore ISI decreased 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. Finally, Barrington Research reiterated an “outperform” rating and issued a $36.00 price objective on shares of DENTSPLY SIRONA in a research note on Friday. Five research analysts have rated the stock with a hold rating and seven have given a buy rating to the company’s stock. Based on data from MarketBeat, the stock has an average rating of “Moderate Buy” and an average target price of $33.22.

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.