Proficio Capital Partners LLC Acquires Shares of 22,245 DENTSPLY SIRONA Inc. (NASDAQ:XRAY)

Proficio Capital Partners LLC acquired a new stake in DENTSPLY SIRONA Inc. (NASDAQ:XRAY) in the 4th quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The fund acquired 22,245 shares of the medical instruments supplier’s stock, valued at approximately $422,000.

A number of other hedge funds and other institutional investors also recently made changes to their positions in XRAY. UMB Bank n.a. increased its holdings 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 valued at $28,000 after acquiring an additional 564 shares in the last quarter. MML Investors Services LLC lifted its position in shares of DENTSPLY SIRONA by 2.1% during the 3rd quarter. MML Investors Services LLC now owns 29,682 shares of the medical instruments supplier’s stock valued at $803,000 after buying an additional 620 shares in the last quarter. Blue Trust Inc. lifted its holdings in DENTSPLY SIRONA by 10.9% in the 4th 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. Capital Performance Advisors LLP purchased a new position in DENTSPLY SIRONA in the 3rd quarter worth approximately $27,000. Finally, KBC Group NV lifted its holdings in DENTSPLY SIRONA by 19.9% in the 3rd quarter. KBC Group NV now owns 6,274 shares of the medical instruments supplier’s stock worth $170,000 after purchasing an additional 1,040 shares in the last quarter. Institutional investors own 95.70% of the company’s stock.

Analysts Set New Price Targets

A number of analysts have issued reports on the company. 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, February 28th. Mizuho began coverage on DENTSPLY SIRONA in a report on Wednesday, December 4th. They issued a “neutral” rating and a $21.00 target price for the company. StockNews.com cut DENTSPLY SIRONA from a “buy” rating to a “hold” rating in a report on Friday, February 28th. Robert W. Baird lowered their target price on DENTSPLY SIRONA from $22.00 to $20.00 and set a “neutral” rating for the company in a report on Friday, February 28th. Finally, Morgan Stanley decreased their price objective on DENTSPLY SIRONA from $30.00 to $23.00 and set an “overweight” rating for the company in a research note on Tuesday, December 17th. Eleven equities research analysts have rated the stock with a hold rating and four have issued a buy rating to the stock. According to data from MarketBeat, DENTSPLY SIRONA presently has an average rating of “Hold” and a consensus price target of $23.58.

Insider Buying and Selling

In other DENTSPLY SIRONA news, Director Gregory T. Lucier purchased 15,142 shares of the stock in a transaction on Monday, March 3rd. The shares were bought at an average price of $16.51 per share, for a total transaction of $249,994.42. Following the completion of the transaction, the director now owns 81,971 shares of the company’s stock, valued at $1,353,341.21. This trade represents a 22.66 % increase in their position. The transaction was disclosed in a document filed with the SEC, which is available through this link. 0.52% of the stock is owned by corporate insiders.

DENTSPLY SIRONA Stock Down 1.7 %

Shares of XRAY stock opened at $16.05 on Tuesday. The firm has a market capitalization of $3.19 billion, a PE ratio of -7.75, a P/E/G ratio of 1.80 and a beta of 0.98. DENTSPLY SIRONA Inc. has a fifty-two week low of $15.47 and a fifty-two week high of $34.28. The stock’s 50-day simple moving average is $18.54 and its 200-day simple moving average is $21.14. The company has a debt-to-equity ratio of 0.72, a quick ratio of 0.84 and a current ratio of 1.25.

DENTSPLY SIRONA Announces Dividend

The business also recently announced a quarterly dividend, which will be paid on Friday, April 11th. Investors of record on Friday, March 28th will be issued a dividend of $0.16 per share. This represents a $0.64 annualized dividend and a yield of 3.99%. The ex-dividend date of this dividend is Friday, March 28th. DENTSPLY SIRONA’s dividend payout ratio (DPR) is -14.07%.

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.