Retirement Systems of Alabama Lowers Stock Holdings in DENTSPLY SIRONA Inc. (NASDAQ:XRAY)

Retirement Systems of Alabama lessened its stake in shares of DENTSPLY SIRONA Inc. (NASDAQ:XRAY) by 3.9% in the 3rd quarter, according to its most recent disclosure with the SEC. The institutional investor owned 246,248 shares of the medical instruments supplier’s stock after selling 10,019 shares during the period. Retirement Systems of Alabama owned about 0.12% of DENTSPLY SIRONA worth $6,663,000 at the end of the most recent quarter.

A number of other large investors have also recently modified their holdings of the company. UMB Bank n.a. lifted its holdings in shares of DENTSPLY SIRONA by 430.3% in the 3rd quarter. UMB Bank n.a. now owns 928 shares of the medical instruments supplier’s stock worth $25,000 after buying an additional 753 shares during the period. Capital Performance Advisors LLP bought a new stake in shares of DENTSPLY SIRONA in the 3rd quarter valued at about $27,000. LRI Investments LLC boosted its stake in shares of DENTSPLY SIRONA by 82.7% during the second quarter. LRI Investments LLC now owns 1,246 shares of the medical instruments supplier’s stock valued at $31,000 after purchasing an additional 564 shares in the last quarter. Kennebec Savings Bank purchased a new position in DENTSPLY SIRONA during the third quarter valued at approximately $35,000. Finally, Rothschild Investment LLC bought a new stake in DENTSPLY SIRONA during the 2nd quarter valued at $32,000. Hedge funds and other institutional investors own 95.70% of the company’s stock.

DENTSPLY SIRONA Trading Down 2.0 %

Shares of NASDAQ:XRAY opened at $19.19 on Wednesday. The firm has a market capitalization of $3.81 billion, a price-to-earnings ratio of -9.27, a price-to-earnings-growth ratio of 1.93 and a beta of 0.96. DENTSPLY SIRONA Inc. has a 1 year low of $17.21 and a 1 year high of $37.60. The business’s 50 day moving average price is $21.18 and its 200-day moving average price is $24.11. The company has a debt-to-equity ratio of 0.72, a current ratio of 1.25 and a quick ratio of 0.84.

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

DENTSPLY SIRONA Announces Dividend

The business also recently declared a quarterly dividend, which will be paid on Friday, January 10th. Investors of record on Friday, December 27th will be issued a $0.16 dividend. The ex-dividend date of this dividend is Friday, December 27th. This represents a $0.64 annualized dividend and a dividend yield of 3.34%. DENTSPLY SIRONA’s dividend payout ratio is presently -30.92%.

Analyst Ratings Changes

Several research analysts have recently commented on the company. Barrington Research reduced their price target on DENTSPLY SIRONA from $36.00 to $24.00 and set an “outperform” rating for the company in a research report on Friday, November 8th. Leerink Partners lowered shares of DENTSPLY SIRONA from an “outperform” rating to a “market perform” rating in a research report on Thursday, November 7th. Leerink Partnrs downgraded shares of DENTSPLY SIRONA from a “strong-buy” rating to a “hold” rating in a research report on Thursday, November 7th. StockNews.com downgraded DENTSPLY SIRONA from a “buy” rating to a “hold” rating in a research report on Tuesday, November 19th. Finally, Needham & Company LLC lowered their price objective on DENTSPLY SIRONA from $34.00 to $29.00 and set a “buy” rating for the company in a research report on Friday, October 25th. Eight investment analysts have rated the stock with a hold rating and five have given a buy rating to the stock. Based on data from MarketBeat.com, the company currently has an average rating of “Hold” and a consensus target price of $27.91.

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.