New York State Teachers Retirement System trimmed its stake in DENTSPLY SIRONA Inc. (NASDAQ:XRAY – Free Report) by 1.5% during the first quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The firm owned 240,195 shares of the medical instruments supplier’s stock after selling 3,751 shares during the period. New York State Teachers Retirement System owned about 0.11% of DENTSPLY SIRONA worth $9,435,000 as of its most recent SEC filing.
A number of other large investors have also recently bought and sold shares of XRAY. Macquarie Group Ltd. grew its holdings in shares of DENTSPLY SIRONA by 3.2% during the second quarter. Macquarie Group Ltd. now owns 8,879 shares of the medical instruments supplier’s stock worth $318,000 after purchasing an additional 274 shares during the last quarter. Sumitomo Mitsui DS Asset Management Company Ltd grew its holdings in shares of DENTSPLY SIRONA by 2.0% during the fourth quarter. Sumitomo Mitsui DS Asset Management Company Ltd now owns 14,412 shares of the medical instruments supplier’s stock worth $459,000 after purchasing an additional 279 shares during the last quarter. Signaturefd LLC grew its holdings in shares of DENTSPLY SIRONA by 20.8% during the fourth quarter. Signaturefd LLC now owns 1,973 shares of the medical instruments supplier’s stock worth $63,000 after purchasing an additional 340 shares during the last quarter. Northwest Investment Counselors LLC grew its holdings in shares of DENTSPLY SIRONA by 2.6% during the fourth quarter. Northwest Investment Counselors LLC now owns 13,749 shares of the medical instruments supplier’s stock worth $438,000 after purchasing an additional 348 shares during the last quarter. Finally, Kentucky Retirement Systems Insurance Trust Fund grew its holdings in shares of DENTSPLY SIRONA by 4.9% during the third quarter. Kentucky Retirement Systems Insurance Trust Fund now owns 7,721 shares of the medical instruments supplier’s stock worth $219,000 after purchasing an additional 360 shares during the last quarter. 99.68% of the stock is currently owned by institutional investors.
Insider Transactions at DENTSPLY SIRONA
In other news, Director Eric Brandt sold 6,200 shares of the firm’s stock in a transaction dated Tuesday, May 2nd. The stock was sold at an average price of $42.17, for a total transaction of $261,454.00. Following the sale, the director now owns 44,902 shares of the company’s stock, valued at $1,893,517.34. The transaction was disclosed in a legal filing with the SEC, which is available at the SEC website. 0.76% of the stock is currently owned by insiders.
Analysts Set New Price Targets
DENTSPLY SIRONA Trading Up 0.3 %
NASDAQ:XRAY opened at $40.67 on Thursday. DENTSPLY SIRONA Inc. has a 1-year low of $26.48 and a 1-year high of $43.24. The business’s 50-day moving average price is $39.22 and its two-hundred day moving average price is $38.34. The company has a debt-to-equity ratio of 0.51, a current ratio of 1.41 and a quick ratio of 0.93.
DENTSPLY SIRONA (NASDAQ:XRAY – Get Free Report) last released its earnings results on Wednesday, May 3rd. The medical instruments supplier reported $0.39 earnings per share for the quarter, beating the consensus estimate of $0.34 by $0.05. DENTSPLY SIRONA had a positive return on equity of 8.65% and a negative net margin of 26.41%. The firm had revenue of $978.00 million for the quarter, compared to analyst estimates of $938.16 million. During the same quarter in the prior year, the firm posted $0.52 earnings per share. The company’s quarterly revenue was up .9% on a year-over-year basis. As a group, research analysts expect that DENTSPLY SIRONA Inc. will post 1.92 earnings per share for the current year.
DENTSPLY SIRONA Increases Dividend
The firm also recently declared a quarterly dividend, which was paid on Friday, July 14th. Stockholders of record on Friday, June 30th were given a dividend of $0.14 per share. The ex-dividend date was Thursday, June 29th. This represents a $0.56 dividend on an annualized basis and a dividend yield of 1.38%. This is a positive change from DENTSPLY SIRONA’s previous quarterly dividend of $0.13.
DENTSPLY SIRONA Company Profile
DENTSPLY SIRONA Inc manufactures and sells various dental products and technologies for professional dental market worldwide. The company operates through two segments, Technologies & Equipment, and Consumables. The Technologies & Equipment segment provides dental equipment, such as treatment centers, imaging equipment, motorized dental handpieces, and other instruments for dental practitioners and specialists; dental CAD/CAM technologies for dental offices to support various digital dental procedures, including dental restorations; dentist-directed aligner solutions, SureSmile, and direct-to-consumer clear aligner solutions, as well as high frequency vibration technology device; implants; and urology catheters and other healthcare-related consumable products.
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