Yousif Capital Management LLC Trims Stock Position in DENTSPLY SIRONA Inc. (NASDAQ:XRAY)

Yousif Capital Management LLC cut its stake in DENTSPLY SIRONA Inc. (NASDAQ:XRAY) by 4.7% in the 4th quarter, according to its most recent filing with the Securities and Exchange Commission. The institutional investor owned 75,973 shares of the medical instruments supplier’s stock after selling 3,761 shares during the quarter. Yousif Capital Management LLC’s holdings in DENTSPLY SIRONA were worth $1,442,000 at the end of the most recent quarter.

Other institutional investors and hedge funds have also recently modified their holdings of the company. Creative Planning raised its stake in DENTSPLY SIRONA by 53.9% in the second quarter. Creative Planning now owns 16,540 shares of the medical instruments supplier’s stock worth $412,000 after buying an additional 5,793 shares in the last quarter. Sanctuary Advisors LLC purchased a new position in shares of DENTSPLY SIRONA during the 2nd quarter worth approximately $481,000. GAMMA Investing LLC raised its position in shares of DENTSPLY SIRONA by 133.4% in the 3rd quarter. GAMMA Investing LLC now owns 2,488 shares of the medical instruments supplier’s stock worth $67,000 after acquiring an additional 1,422 shares in the last quarter. CWM LLC lifted its stake in shares of DENTSPLY SIRONA by 118.2% in the 3rd quarter. CWM LLC now owns 7,337 shares of the medical instruments supplier’s stock valued at $199,000 after purchasing an additional 3,975 shares during the period. Finally, UMB Bank n.a. boosted its position in shares of DENTSPLY SIRONA by 430.3% during the third quarter. UMB Bank n.a. now owns 928 shares of the medical instruments supplier’s stock valued at $25,000 after purchasing an additional 753 shares in the last quarter. 95.70% of the stock is owned by hedge funds and other institutional investors.

Wall Street Analysts Forecast Growth

XRAY has been the subject of a number of research reports. Robert W. Baird decreased their price objective on DENTSPLY SIRONA from $31.00 to $24.00 and set a “neutral” rating for the company in a report on Friday, November 8th. Mizuho assumed coverage on shares of DENTSPLY SIRONA in a research note on Wednesday, December 4th. They issued a “neutral” rating and a $21.00 price target for the company. Leerink Partnrs lowered shares of DENTSPLY SIRONA from a “strong-buy” rating to a “hold” rating in a research note on Thursday, November 7th. Morgan Stanley decreased their target price on shares of DENTSPLY SIRONA from $30.00 to $23.00 and set an “overweight” rating for the company in a research note on Tuesday, December 17th. Finally, Evercore ISI reissued an “in-line” rating and issued a $20.00 price target on shares of DENTSPLY SIRONA in a research report on Tuesday, January 7th. Nine equities research analysts have rated the stock with a hold rating and five have assigned a buy rating to the stock. According to MarketBeat, the company presently has a consensus rating of “Hold” and an average target price of $26.33.

DENTSPLY SIRONA Price Performance

Shares of NASDAQ:XRAY opened at $18.37 on Thursday. The company has a debt-to-equity ratio of 0.72, a quick ratio of 0.84 and a current ratio of 1.25. The firm has a market cap of $3.65 billion, a price-to-earnings ratio of -8.87, a price-to-earnings-growth ratio of 1.83 and a beta of 0.96. The business has a 50-day simple moving average of $19.04 and a two-hundred day simple moving average of $22.04. DENTSPLY SIRONA Inc. has a fifty-two week low of $17.21 and a fifty-two week high of $34.91.

DENTSPLY SIRONA Announces Dividend

The business also recently disclosed a quarterly dividend, which was paid on Friday, January 10th. Investors of record on Friday, December 27th were given a dividend of $0.16 per share. The ex-dividend date of this dividend was Friday, December 27th. This represents a $0.64 dividend on an annualized basis and a yield of 3.48%. DENTSPLY SIRONA’s dividend payout ratio (DPR) is -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.