Ontario Teachers Pension Plan Board lessened its stake in DENTSPLY SIRONA Inc (NASDAQ:XRAY) by 43.7% in the fourth quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The fund owned 63,131 shares of the medical instruments supplier’s stock after selling 49,089 shares during the period. Ontario Teachers Pension Plan Board’s holdings in DENTSPLY SIRONA were worth $4,156,000 at the end of the most recent reporting period.
Several other large investors also recently modified their holdings of XRAY. Bessemer Group Inc. increased its stake in shares of DENTSPLY SIRONA by 4,638.6% in the third quarter. Bessemer Group Inc. now owns 1,903,596 shares of the medical instruments supplier’s stock worth $113,855,000 after buying an additional 1,863,424 shares during the last quarter. Alyeska Investment Group L.P. increased its stake in shares of DENTSPLY SIRONA by 223.7% in the third quarter. Alyeska Investment Group L.P. now owns 2,271,534 shares of the medical instruments supplier’s stock worth $135,860,000 after buying an additional 1,569,746 shares during the last quarter. Frontier Capital Management Co. LLC bought a new stake in shares of DENTSPLY SIRONA in the fourth quarter worth $60,449,000. Jackson Square Partners LLC increased its stake in shares of DENTSPLY SIRONA by 15.6% in the third quarter. Jackson Square Partners LLC now owns 6,334,906 shares of the medical instruments supplier’s stock worth $378,890,000 after buying an additional 855,199 shares during the last quarter. Finally, Victory Capital Management Inc. increased its stake in shares of DENTSPLY SIRONA by 22,502.5% in the fourth quarter. Victory Capital Management Inc. now owns 855,955 shares of the medical instruments supplier’s stock worth $56,348,000 after buying an additional 852,168 shares during the last quarter. Institutional investors and hedge funds own 96.05% of the company’s stock.
In other news, Director Eric Brandt sold 6,409 shares of the business’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 transaction, the director now owns 12,073 shares of the company’s stock, valued at $821,446.92. The sale was disclosed in a filing with the SEC, which is accessible through this hyperlink. Insiders own 1.99% of the company’s stock.
A number of analysts recently issued reports on XRAY shares. Credit Suisse Group lowered shares of DENTSPLY SIRONA to a “hold” rating and set a $73.00 price target for the company. in a research note on Friday, January 5th. HC Wainwright lowered shares of DENTSPLY SIRONA from a “buy” rating to a “neutral” rating and set a $68.00 target price for the company. in a research note on Thursday, November 30th. Zacks Investment Research lowered shares of DENTSPLY SIRONA from a “hold” rating to a “sell” rating in a research note on Monday, January 8th. JPMorgan Chase & Co. upgraded shares of DENTSPLY SIRONA from a “neutral” rating to an “overweight” rating and set a $75.00 target price for the company in a research note on Wednesday, December 13th. Finally, Deutsche Bank began coverage on shares of DENTSPLY SIRONA in a research note on Friday, December 8th. They set a “buy” rating and a $81.00 target price for the company. Three investment analysts have rated the stock with a sell rating, four have issued a hold rating and eight have assigned a buy rating to the company’s stock. The stock presently has an average rating of “Hold” and an average price target of $69.15.
Shares of DENTSPLY SIRONA Inc (XRAY) opened at $57.67 on Friday. DENTSPLY SIRONA Inc has a 12 month low of $52.53 and a 12 month high of $68.98. The firm has a market cap of $13,335.39, a price-to-earnings ratio of -16.62, a price-to-earnings-growth ratio of 2.14 and a beta of 1.18. 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 company also recently declared a quarterly dividend, which will be paid on Friday, April 13th. Stockholders of record on Thursday, March 29th will be issued a dividend of $0.0875 per share. This represents a $0.35 annualized dividend and a dividend yield of 0.61%. The ex-dividend date of this dividend is Wednesday, March 28th. DENTSPLY SIRONA’s dividend payout ratio (DPR) is -10.09%.
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DENTSPLY SIRONA Profile
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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