Avior Wealth Management LLC Acquires 6,000 Shares of DENTSPLY SIRONA Inc. (NASDAQ:XRAY)

Avior Wealth Management LLC grew its stake in shares of DENTSPLY SIRONA Inc. (NASDAQ:XRAY) by 21.1% during the 4th quarter, HoldingsChannel reports. The institutional investor owned 34,400 shares of the medical instruments supplier’s stock after purchasing an additional 6,000 shares during the quarter. Avior Wealth Management LLC’s holdings in DENTSPLY SIRONA were worth $653,000 at the end of the most recent reporting period.

Several other hedge funds have also recently modified their holdings of XRAY. UMB Bank n.a. increased its holdings in DENTSPLY SIRONA by 430.3% in the 3rd quarter. UMB Bank n.a. now owns 928 shares of the medical instruments supplier’s stock valued at $25,000 after acquiring an additional 753 shares during the last quarter. Capital Performance Advisors LLP bought a new stake in shares of DENTSPLY SIRONA in the third quarter worth about $27,000. MassMutual Private Wealth & Trust FSB lifted its position in shares of DENTSPLY SIRONA by 648.4% in the fourth quarter. MassMutual Private Wealth & Trust FSB now owns 1,422 shares of the medical instruments supplier’s stock worth $27,000 after buying an additional 1,232 shares in the last quarter. Kennebec Savings Bank bought a new position in DENTSPLY SIRONA during the third quarter valued at approximately $35,000. Finally, Van ECK Associates Corp purchased a new position in DENTSPLY SIRONA during the 3rd quarter valued at approximately $42,000. Hedge funds and other institutional investors own 95.70% of the company’s stock.

DENTSPLY SIRONA Stock Up 0.5 %

NASDAQ:XRAY opened at $19.53 on Friday. The company has a market cap of $3.88 billion, a price-to-earnings ratio of -9.43, a price-to-earnings-growth ratio of 1.80 and a beta of 0.96. DENTSPLY SIRONA Inc. has a twelve month low of $17.21 and a twelve month high of $35.68. The company has a current ratio of 1.25, a quick ratio of 0.84 and a debt-to-equity ratio of 0.72. The stock has a fifty day simple moving average of $19.03 and a 200-day simple moving average of $22.67.

DENTSPLY SIRONA (NASDAQ:XRAY) last announced its quarterly earnings data on Thursday, November 7th. The medical instruments supplier reported $0.50 earnings per share for the quarter, beating analysts’ consensus estimates of $0.48 by $0.02. The company had revenue of $951.00 million during 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%. The firm’s revenue for the quarter was up .4% on a year-over-year basis. During the same quarter last year, the business posted $0.49 EPS. Analysts anticipate that DENTSPLY SIRONA Inc. will post 1.84 EPS for the current year.

DENTSPLY SIRONA Announces Dividend

The company also recently disclosed a quarterly dividend, which was paid on Friday, January 10th. Shareholders of record on Friday, December 27th were issued a dividend of $0.16 per share. The ex-dividend date was Friday, December 27th. This represents a $0.64 annualized dividend and a yield of 3.28%. DENTSPLY SIRONA’s payout ratio is currently -30.92%.

Analyst Ratings Changes

A number of research analysts have recently commented on the company. Leerink Partners downgraded DENTSPLY SIRONA from an “outperform” rating to a “market perform” rating in a research report on Thursday, November 7th. Jefferies Financial Group cut shares of DENTSPLY SIRONA from a “buy” rating to a “hold” rating and dropped their price objective for the stock from $30.00 to $20.00 in a research note on Thursday. Leerink Partnrs cut shares of DENTSPLY SIRONA from a “strong-buy” rating to a “hold” rating in a research report on Thursday, November 7th. Evercore ISI reiterated an “in-line” rating and issued a $20.00 price target on shares of DENTSPLY SIRONA in a research report on Tuesday, January 7th. Finally, Mizuho began coverage on DENTSPLY SIRONA in a research report on Wednesday, December 4th. They set a “neutral” rating and a $21.00 price objective on the stock. Ten investment analysts have rated the stock with a hold rating and four have given a buy rating to the company’s stock. According to MarketBeat, DENTSPLY SIRONA currently has an average rating of “Hold” and an average price target of $26.67.

DENTSPLY SIRONA Company 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.