DENTSPLY SIRONA Inc. (NASDAQ:XRAY) Shares Sold by New York State Common Retirement Fund

New York State Common Retirement Fund lowered its position in DENTSPLY SIRONA Inc. (NASDAQ:XRAY) by 6.2% during the fourth quarter, according to its most recent disclosure with the Securities and Exchange Commission. The fund owned 129,016 shares of the medical instruments supplier’s stock after selling 8,500 shares during the quarter. New York State Common Retirement Fund owned 0.06% of DENTSPLY SIRONA worth $2,449,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other hedge funds and other institutional investors have also recently added to or reduced their stakes in XRAY. State of Alaska Department of Revenue lifted its stake in shares of 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 worth $637,000 after purchasing an additional 560 shares in the last quarter. UMB Bank n.a. lifted its stake in shares of 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 worth $28,000 after purchasing an additional 564 shares in the last quarter. MML Investors Services LLC lifted its stake in shares of 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 worth $803,000 after purchasing an additional 620 shares in the last quarter. Allworth Financial LP lifted its stake in shares of DENTSPLY SIRONA by 40.2% during the third quarter. Allworth Financial LP now owns 2,179 shares of the medical instruments supplier’s stock worth $59,000 after purchasing an additional 625 shares in the last quarter. Finally, Blue Trust Inc. lifted its stake in shares of DENTSPLY SIRONA by 10.9% during the fourth quarter. Blue Trust Inc. now owns 7,199 shares of the medical instruments supplier’s stock worth $137,000 after purchasing an additional 707 shares in the last quarter. Institutional investors and hedge funds own 95.70% of the company’s stock.

Wall Street Analyst Weigh In

XRAY has been the topic of a number of recent research reports. Wells Fargo & Company reduced their price objective on DENTSPLY SIRONA from $20.00 to $19.00 and set an “equal weight” rating on the stock in a research note on Friday. Mizuho initiated coverage on DENTSPLY SIRONA in a research note on Wednesday, December 4th. They set a “neutral” rating and a $21.00 price objective on the stock. Leerink Partners cut DENTSPLY SIRONA from an “outperform” rating to a “market perform” rating in a research note on Thursday, November 7th. Needham & Company LLC dropped their target price on DENTSPLY SIRONA from $25.00 to $23.00 and set a “buy” rating on the stock in a research report on Friday. Finally, Evercore ISI reaffirmed an “in-line” rating and set a $20.00 target price on shares of DENTSPLY SIRONA in a research report on Tuesday, January 7th. Eleven equities research analysts have rated the stock with a hold rating and four have assigned a buy rating to the stock. Based on data from MarketBeat.com, the company has a consensus rating of “Hold” and a consensus target price of $23.58.

DENTSPLY SIRONA Stock Down 3.5 %

Shares of DENTSPLY SIRONA stock opened at $16.55 on Friday. 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 cap of $3.29 billion, a P/E ratio of -8.00, a P/E/G ratio of 1.80 and a beta of 0.96. DENTSPLY SIRONA Inc. has a fifty-two week low of $16.21 and a fifty-two week high of $34.91. The business has a 50-day moving average price of $18.83 and a 200 day moving average price of $21.50.

DENTSPLY SIRONA Announces Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Friday, April 11th. Investors of record on Friday, March 28th will be issued a $0.16 dividend. This represents a $0.64 annualized dividend and a yield of 3.87%. The ex-dividend date of this dividend is Friday, March 28th. DENTSPLY SIRONA’s dividend payout ratio is currently -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.