Choreo LLC Buys 15,446 Shares of DENTSPLY SIRONA Inc. (NASDAQ:XRAY)

Choreo LLC raised its holdings in shares of DENTSPLY SIRONA Inc. (NASDAQ:XRAY) by 191.6% during the fourth quarter, according to its most recent filing with the SEC. The firm owned 23,507 shares of the medical instruments supplier’s stock after purchasing an additional 15,446 shares during the period. Choreo LLC’s holdings in DENTSPLY SIRONA were worth $440,000 at the end of the most recent reporting period.

Other institutional investors and hedge funds have also recently modified their holdings of the company. UMB Bank n.a. lifted its stake in DENTSPLY SIRONA by 430.3% during the 3rd quarter. UMB Bank n.a. now owns 928 shares of the medical instruments supplier’s stock valued at $25,000 after acquiring an additional 753 shares during the period. Capital Performance Advisors LLP acquired a new stake in DENTSPLY SIRONA during the 3rd quarter valued at approximately $27,000. MassMutual Private Wealth & Trust FSB lifted its stake in DENTSPLY SIRONA by 648.4% during the 4th quarter. MassMutual Private Wealth & Trust FSB now owns 1,422 shares of the medical instruments supplier’s stock valued at $27,000 after acquiring an additional 1,232 shares during the period. Kennebec Savings Bank acquired a new stake in DENTSPLY SIRONA during the 3rd quarter valued at approximately $35,000. Finally, Van ECK Associates Corp acquired a new position in shares of DENTSPLY SIRONA in the 3rd quarter valued at $42,000. Hedge funds and other institutional investors own 95.70% of the company’s stock.

Wall Street Analyst Weigh In

XRAY has been the subject of several analyst reports. Jefferies Financial Group cut shares of DENTSPLY SIRONA from a “buy” rating to a “hold” rating and decreased their target price for the company from $30.00 to $20.00 in a research note on Thursday, January 23rd. Leerink Partners cut shares of DENTSPLY SIRONA from an “outperform” rating to a “market perform” rating in a research report on Thursday, November 7th. Needham & Company LLC restated a “buy” rating and set a $25.00 price objective on shares of DENTSPLY SIRONA in a research report on Tuesday. Leerink Partnrs cut shares of DENTSPLY SIRONA from a “strong-buy” rating to a “hold” rating in a research report on Thursday, November 7th. Finally, Evercore ISI restated an “in-line” rating and set a $20.00 price objective on shares of DENTSPLY SIRONA in a research report on Tuesday, January 7th. Nine analysts have rated the stock with a hold rating and five have given a buy rating to the stock. Based on data from MarketBeat, DENTSPLY SIRONA currently has an average rating of “Hold” and a consensus target price of $26.33.

DENTSPLY SIRONA Price Performance

DENTSPLY SIRONA stock opened at $18.37 on Thursday. The company has a quick ratio of 0.84, a current ratio of 1.25 and a debt-to-equity ratio of 0.72. DENTSPLY SIRONA Inc. has a 52-week low of $17.21 and a 52-week high of $34.91. The company has a fifty day simple moving average of $19.04 and a 200-day simple moving average of $22.04. The firm has a market capitalization of $3.65 billion, a price-to-earnings ratio of -8.87, a PEG ratio of 1.83 and a beta of 0.96.

DENTSPLY SIRONA Dividend Announcement

The business also recently announced a quarterly dividend, which was paid on Friday, January 10th. Shareholders of record on Friday, December 27th were given a $0.16 dividend. The ex-dividend date was Friday, December 27th. This represents a $0.64 dividend on an annualized basis and a yield of 3.48%. DENTSPLY SIRONA’s payout ratio is currently -30.92%.

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.