Dimensional Fund Advisors LP Buys 1,308,411 Shares of DENTSPLY SIRONA Inc. (NASDAQ:XRAY)

Dimensional Fund Advisors LP increased its position in DENTSPLY SIRONA Inc. (NASDAQ:XRAY) by 42.0% in the second quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The fund owned 4,420,445 shares of the medical instruments supplier’s stock after acquiring an additional 1,308,411 shares during the period. Dimensional Fund Advisors LP owned about 2.18% of DENTSPLY SIRONA worth $110,118,000 at the end of the most recent reporting period.

A number of other hedge funds also recently added to or reduced their stakes in XRAY. Principal Securities Inc. purchased a new position in DENTSPLY SIRONA in the 4th quarter worth approximately $26,000. LRI Investments LLC raised its holdings in DENTSPLY SIRONA by 82.7% in the 2nd quarter. LRI Investments LLC now owns 1,246 shares of the medical instruments supplier’s stock worth $31,000 after acquiring an additional 564 shares during the last quarter. Rothschild Investment LLC purchased 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 in the 1st quarter worth approximately $64,000. Finally, Mather Group LLC. purchased a new position in DENTSPLY SIRONA in the 1st quarter worth approximately $72,000. 95.70% of the stock is currently owned by hedge funds and other institutional investors.

Wall Street Analysts Forecast Growth

XRAY has been the topic of several research analyst reports. Evercore ISI lowered their price target on DENTSPLY SIRONA from $28.00 to $27.00 and set an “outperform” rating on the stock in a report on Tuesday, July 9th. Needham & Company LLC reissued a “buy” rating and set a $34.00 price target on shares of DENTSPLY SIRONA in a report on Tuesday, August 20th. Robert W. Baird lowered their price target on DENTSPLY SIRONA from $33.00 to $31.00 and set a “neutral” rating on the stock in a 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 report on Thursday, July 18th. Finally, Barrington Research reissued an “outperform” rating and set a $36.00 price target on shares of DENTSPLY SIRONA in a report on Friday. Five analysts have rated the stock with a hold rating and seven have issued a buy rating to the company’s stock. According to MarketBeat.com, the stock presently has an average rating of “Moderate Buy” and a consensus target price of $33.22.

DENTSPLY SIRONA Price Performance

Shares of DENTSPLY SIRONA stock opened at $26.17 on Tuesday. DENTSPLY SIRONA Inc. has a one year low of $23.58 and a one year high of $37.60. 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 stock has a market cap of $5.43 billion, a P/E ratio of -59.48, a P/E/G ratio of 1.25 and a beta of 1.00. The stock’s fifty day moving average is $25.57 and its 200 day moving average is $27.77.

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

DENTSPLY SIRONA Dividend Announcement

The company also recently disclosed a quarterly dividend, which will be paid on Friday, October 11th. Stockholders of record on Friday, September 27th will be given a dividend of $0.16 per share. The ex-dividend date is Friday, September 27th. This represents a $0.64 dividend on an annualized basis and a dividend yield of 2.45%. DENTSPLY SIRONA’s payout ratio is -145.45%.

About DENTSPLY SIRONA

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.