Louisiana State Employees Retirement System Trims Stock Holdings in DENTSPLY SIRONA Inc. (NASDAQ:XRAY)

Louisiana State Employees Retirement System lowered its holdings in DENTSPLY SIRONA Inc. (NASDAQ:XRAY) by 1.8% in the fourth quarter, according to its most recent Form 13F filing with the SEC. The fund owned 55,200 shares of the medical instruments supplier’s stock after selling 1,000 shares during the period. Louisiana State Employees Retirement System’s holdings in DENTSPLY SIRONA were worth $1,048,000 at the end of the most recent reporting period.

A number of other institutional investors and hedge funds have also recently bought and sold shares of the business. State of Alaska Department of Revenue boosted its holdings in DENTSPLY SIRONA by 2.4% during the third quarter. State of Alaska Department of Revenue now owns 23,545 shares of the medical instruments supplier’s stock valued at $637,000 after purchasing an additional 560 shares in the last quarter. UMB Bank n.a. boosted its holdings in DENTSPLY SIRONA by 60.8% during 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 in the last quarter. MML Investors Services LLC boosted its holdings in DENTSPLY SIRONA by 2.1% during the third quarter. MML Investors Services LLC now owns 29,682 shares of the medical instruments supplier’s stock valued at $803,000 after purchasing an additional 620 shares in the last quarter. Allworth Financial LP boosted its holdings in DENTSPLY SIRONA by 40.2% during the third quarter. Allworth Financial LP now owns 2,179 shares of the medical instruments supplier’s stock valued at $59,000 after purchasing an additional 625 shares in the last quarter. Finally, Blue Trust Inc. boosted its holdings in DENTSPLY SIRONA by 10.9% during the fourth quarter. Blue Trust Inc. now owns 7,199 shares of the medical instruments supplier’s stock valued at $137,000 after purchasing an additional 707 shares in the last quarter. Hedge funds and other institutional investors own 95.70% of the company’s stock.

Analyst Upgrades and Downgrades

A number of research firms have weighed in on XRAY. Leerink Partners downgraded DENTSPLY SIRONA from an “outperform” rating to a “market perform” rating in a report on Thursday, November 7th. Barrington Research reduced their target price on DENTSPLY SIRONA from $36.00 to $24.00 and set an “outperform” rating on the stock in a report on Friday, November 8th. Mizuho started coverage on DENTSPLY SIRONA in a report on Wednesday, December 4th. They issued a “neutral” rating and a $21.00 target price on the stock. StockNews.com raised DENTSPLY SIRONA from a “hold” rating to a “buy” rating in a report on Tuesday. Finally, Needham & Company LLC reissued a “buy” rating and issued a $25.00 target price on shares of DENTSPLY SIRONA in a report on Tuesday, February 11th. Ten research analysts have rated the stock with a hold rating and five have given a buy rating to the stock. According to data from MarketBeat.com, the company has a consensus rating of “Hold” and a consensus price target of $25.85.

DENTSPLY SIRONA Stock Performance

XRAY stock opened at $18.32 on Tuesday. The company has a debt-to-equity ratio of 0.72, a current ratio of 1.25 and a quick ratio of 0.84. The company has a 50 day moving average price of $18.99 and a 200 day moving average price of $21.83. DENTSPLY SIRONA Inc. has a fifty-two week low of $17.21 and a fifty-two week high of $34.91. The stock 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.

DENTSPLY SIRONA Announces Dividend

The business also recently announced a quarterly dividend, which was paid on Friday, January 10th. Investors of record on Friday, December 27th were paid a $0.16 dividend. This represents a $0.64 dividend on an annualized basis and a yield of 3.49%. The ex-dividend date of this dividend was Friday, December 27th. DENTSPLY SIRONA’s payout ratio is presently -30.92%.

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.