DENTSPLY SIRONA Inc. (NASDAQ:XRAY) Shares Sold by State of Alaska Department of Revenue

State of Alaska Department of Revenue lowered its position in DENTSPLY SIRONA Inc. (NASDAQ:XRAY) by 3.7% during the fourth quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 22,675 shares of the medical instruments supplier’s stock after selling 870 shares during the period. State of Alaska Department of Revenue’s holdings in DENTSPLY SIRONA were worth $430,000 as of its most recent SEC filing.

A number of other institutional investors and hedge funds have also modified their holdings of the company. Capital Performance Advisors LLP acquired a new position in DENTSPLY SIRONA in the third quarter valued at $27,000. MassMutual Private Wealth & Trust FSB raised its position in DENTSPLY SIRONA by 648.4% in the fourth quarter. MassMutual Private Wealth & Trust FSB now owns 1,422 shares of the medical instruments supplier’s stock valued at $27,000 after purchasing an additional 1,232 shares during the period. UMB Bank n.a. raised its position in DENTSPLY SIRONA by 60.8% in the fourth quarter. UMB Bank n.a. now owns 1,492 shares of the medical instruments supplier’s stock valued at $28,000 after purchasing an additional 564 shares during the period. Kennebec Savings Bank purchased a new position in DENTSPLY SIRONA in the third quarter valued at about $35,000. Finally, Van ECK Associates Corp purchased a new stake in shares of DENTSPLY SIRONA during the third quarter worth about $42,000. Institutional investors and hedge funds own 95.70% of the company’s stock.

DENTSPLY SIRONA Stock Performance

NASDAQ:XRAY opened at $18.32 on Friday. DENTSPLY SIRONA Inc. has a 12-month low of $17.21 and a 12-month high of $34.91. The company has a quick ratio of 0.84, a current ratio of 1.25 and a debt-to-equity ratio of 0.72. The firm has a market capitalization of $3.64 billion, a PE ratio of -8.85, a price-to-earnings-growth ratio of 1.83 and a beta of 0.96. The firm has a 50-day moving average price of $19.02 and a 200 day moving average price of $21.93.

DENTSPLY SIRONA Dividend Announcement

The business also recently declared a quarterly dividend, which was paid on Friday, January 10th. Stockholders of record on Friday, December 27th were paid a dividend of $0.16 per share. The ex-dividend date was Friday, December 27th. This represents a $0.64 annualized dividend and a dividend yield of 3.49%. DENTSPLY SIRONA’s dividend payout ratio (DPR) is currently -30.92%.

Wall Street Analysts Forecast Growth

A number of equities analysts recently commented on the company. Wells Fargo & Company initiated coverage on DENTSPLY SIRONA in a research note on Friday. They issued an “equal weight” rating and a $20.00 price target for the company. Robert W. Baird decreased their target price on DENTSPLY SIRONA from $31.00 to $24.00 and set a “neutral” rating for the company in a research note on Friday, November 8th. Needham & Company LLC reiterated a “buy” rating and set a $25.00 price objective on shares of DENTSPLY SIRONA in a research report on Tuesday, February 11th. UBS Group reduced their price objective on DENTSPLY SIRONA from $35.00 to $27.00 and set a “buy” rating for the company in a research report on Tuesday, December 3rd. Finally, Leerink Partners downgraded DENTSPLY SIRONA from an “outperform” rating to a “market perform” rating in a research report on Thursday, November 7th. Ten investment analysts have rated the stock with a hold rating and five have assigned a buy rating to the company. According to data from MarketBeat, the company has a consensus rating of “Hold” and an average price target of $25.85.

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.