JPMorgan Chase & Co. Buys 1,244,326 Shares of DENTSPLY SIRONA Inc. (NASDAQ:XRAY)

JPMorgan Chase & Co. boosted its position in DENTSPLY SIRONA Inc. (NASDAQ:XRAY) by 206.3% during the 3rd quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The fund owned 1,847,389 shares of the medical instruments supplier’s stock after purchasing an additional 1,244,326 shares during the period. JPMorgan Chase & Co. owned about 0.93% of DENTSPLY SIRONA worth $49,990,000 as of its most recent SEC filing.

Several other institutional investors and hedge funds have also bought and sold shares of the company. UMB Bank n.a. grew its stake in shares of DENTSPLY SIRONA by 430.3% during the 3rd quarter. UMB Bank n.a. now owns 928 shares of the medical instruments supplier’s stock worth $25,000 after acquiring an additional 753 shares during the period. Capital Performance Advisors LLP purchased a new stake in DENTSPLY SIRONA during the third quarter valued at about $27,000. Rothschild Investment LLC bought a new position in DENTSPLY SIRONA during the second quarter worth about $32,000. Kennebec Savings Bank purchased a new position in shares of DENTSPLY SIRONA in the third quarter worth about $35,000. Finally, Van ECK Associates Corp bought a new stake in shares of DENTSPLY SIRONA in the third quarter valued at approximately $42,000. 95.70% of the stock is owned by institutional investors.

DENTSPLY SIRONA Trading Down 0.7 %

Shares of XRAY stock opened at $18.62 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 $3.70 billion, a P/E ratio of -9.00, a price-to-earnings-growth ratio of 1.93 and a beta of 0.96. The business has a 50-day moving average price of $19.64 and a two-hundred day moving average price of $23.34. DENTSPLY SIRONA Inc. has a 12-month low of $17.21 and a 12-month high of $37.60.

DENTSPLY SIRONA (NASDAQ:XRAY) last issued its earnings results on Thursday, November 7th. The medical instruments supplier reported $0.50 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.48 by $0.02. The business had revenue of $951.00 million during the quarter, compared to analyst estimates of $939.10 million. DENTSPLY SIRONA had a positive return on equity of 12.62% and a negative net margin of 10.59%. DENTSPLY SIRONA’s revenue for the quarter was up .4% on a year-over-year basis. During the same quarter in the prior year, the firm earned $0.49 earnings per share. Equities analysts anticipate that DENTSPLY SIRONA Inc. will post 1.84 EPS for the current fiscal year.

DENTSPLY SIRONA Announces Dividend

The business also recently announced a quarterly dividend, which will be paid on Friday, January 10th. Investors of record on Friday, December 27th will be issued a dividend of $0.16 per share. This represents a $0.64 annualized dividend and a yield of 3.44%. The ex-dividend date is Friday, December 27th. DENTSPLY SIRONA’s dividend payout ratio is presently -30.92%.

Wall Street Analyst Weigh In

A number of research analysts recently weighed in on the stock. Leerink Partners lowered shares of DENTSPLY SIRONA from an “outperform” rating to a “market perform” rating in a research note on Thursday, November 7th. Leerink Partnrs cut DENTSPLY SIRONA from a “strong-buy” rating to a “hold” rating in a research report on Thursday, November 7th. Morgan Stanley dropped their price objective on DENTSPLY SIRONA from $30.00 to $23.00 and set an “overweight” rating on the stock in a report on Tuesday, December 17th. StockNews.com lowered DENTSPLY SIRONA from a “buy” rating to a “hold” rating in a report on Tuesday, November 19th. Finally, Mizuho began coverage on shares of DENTSPLY SIRONA in a report on Wednesday, December 4th. They issued a “neutral” rating and a $21.00 price target on the stock. Eight analysts have rated the stock with a hold rating and five have assigned a buy rating to the company’s stock. Based on data from MarketBeat, DENTSPLY SIRONA has a consensus rating of “Hold” and an average target price of $27.91.

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.