Teacher Retirement System of Texas lifted its holdings in DENTSPLY SIRONA Inc (NASDAQ:XRAY) by 170.1% during the 4th quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 64,259 shares of the medical instruments supplier’s stock after acquiring an additional 40,464 shares during the quarter. Teacher Retirement System of Texas’ holdings in DENTSPLY SIRONA were worth $4,230,000 at the end of the most recent reporting period.
Several other institutional investors and hedge funds have also made changes to their positions in XRAY. Bessemer Group Inc. boosted its holdings in shares of DENTSPLY SIRONA by 4,638.6% in the 3rd quarter. Bessemer Group Inc. now owns 1,903,596 shares of the medical instruments supplier’s stock worth $113,855,000 after acquiring an additional 1,863,424 shares in the last quarter. Alyeska Investment Group L.P. raised its position in DENTSPLY SIRONA by 223.7% in the 3rd quarter. Alyeska Investment Group L.P. now owns 2,271,534 shares of the medical instruments supplier’s stock worth $135,860,000 after purchasing an additional 1,569,746 shares during the last quarter. Frontier Capital Management Co. LLC bought a new position in DENTSPLY SIRONA in the 4th quarter worth approximately $60,449,000. Jackson Square Partners LLC raised its position in DENTSPLY SIRONA by 15.6% in the 3rd quarter. Jackson Square Partners LLC now owns 6,334,906 shares of the medical instruments supplier’s stock worth $378,890,000 after purchasing an additional 855,199 shares during the last quarter. Finally, Victory Capital Management Inc. raised its position in DENTSPLY SIRONA by 22,502.5% in the 4th quarter. Victory Capital Management Inc. now owns 855,955 shares of the medical instruments supplier’s stock worth $56,348,000 after purchasing an additional 852,168 shares during the last quarter. 96.51% of the stock is currently owned by institutional investors and hedge funds.
Several research analysts recently weighed in on XRAY shares. Zacks Investment Research cut shares of DENTSPLY SIRONA from a “hold” rating to a “sell” rating in a research report on Monday, October 30th. Barrington Research upgraded shares of DENTSPLY SIRONA from a “market perform” rating to an “outperform” rating and set a $73.00 price objective for the company in a research report on Monday, November 6th. HC Wainwright restated a “buy” rating and issued a $68.00 price objective on shares of DENTSPLY SIRONA in a research report on Monday, November 6th. Stifel Nicolaus boosted their price objective on shares of DENTSPLY SIRONA from $66.00 to $70.00 and gave the stock a “buy” rating in a research report on Monday, November 6th. Finally, TheStreet upgraded shares of DENTSPLY SIRONA from a “c” rating to a “b-” rating in a research report on Friday, November 3rd. Three research analysts have rated the stock with a sell rating, four have given a hold rating and eight have issued a buy rating to the stock. The company currently has an average rating of “Hold” and a consensus price target of $69.15.
In other DENTSPLY SIRONA news, Director Eric Brandt sold 6,409 shares of the company’s stock in a transaction on Monday, January 8th. The shares were sold at an average price of $68.04, for a total transaction of $436,068.36. Following the completion of the sale, the director now owns 12,073 shares in the company, valued at approximately $821,446.92. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Insiders own 1.99% of the company’s stock.
Shares of DENTSPLY SIRONA Inc (NASDAQ:XRAY) opened at $58.43 on Friday. The company has a market cap of $13,252.70, a price-to-earnings ratio of -16.84, a price-to-earnings-growth ratio of 2.13 and a beta of 1.18. DENTSPLY SIRONA Inc has a 1 year low of $52.53 and a 1 year high of $68.98. The company has a current ratio of 2.32, a quick ratio of 1.59 and a debt-to-equity ratio of 0.21.
The firm also recently announced a quarterly dividend, which will be paid on Friday, April 13th. Shareholders of record on Thursday, March 29th will be given a dividend of $0.0875 per share. This represents a $0.35 annualized dividend and a dividend yield of 0.60%. The ex-dividend date of this dividend is Wednesday, March 28th. DENTSPLY SIRONA’s payout ratio is -10.09%.
About DENTSPLY SIRONA
DENTSPLY SIRONA Inc is a manufacturer of professional dental products and technologies. The Company develops, manufactures, and markets solutions offering, including dental and oral health products, as well as other consumable medical devices. It operates through two segments: Dental and Healthcare Consumables, and Technologies.
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