DENTSPLY SIRONA Inc. $XRAY Shares Sold by Cibc World Market Inc.

Cibc World Market Inc. reduced its stake in shares of DENTSPLY SIRONA Inc. (NASDAQ:XRAY) by 42.0% during the 3rd quarter, according to its most recent filing with the SEC. The firm owned 536,540 shares of the medical instruments supplier’s stock after selling 388,618 shares during the period. Cibc World Market Inc.’s holdings in DENTSPLY SIRONA were worth $6,809,000 at the end of the most recent quarter.

A number of other institutional investors have also modified their holdings of the stock. Caprock Group LLC acquired a new stake in DENTSPLY SIRONA during the third quarter worth about $766,000. Krilogy Financial LLC boosted its position in DENTSPLY SIRONA by 54.3% in the 3rd quarter. Krilogy Financial LLC now owns 32,669 shares of the medical instruments supplier’s stock worth $412,000 after purchasing an additional 11,500 shares in the last quarter. Advisors Asset Management Inc. grew its stake in shares of DENTSPLY SIRONA by 42.8% during the 3rd quarter. Advisors Asset Management Inc. now owns 348,989 shares of the medical instruments supplier’s stock worth $4,429,000 after purchasing an additional 104,588 shares during the period. Versor Investments LP purchased a new position in shares of DENTSPLY SIRONA during the 3rd quarter valued at approximately $301,000. Finally, QVIDTVM Management LLC lifted its stake in shares of DENTSPLY SIRONA by 6.7% in the 3rd quarter. QVIDTVM Management LLC now owns 495,166 shares of the medical instruments supplier’s stock valued at $6,284,000 after purchasing an additional 31,300 shares during the period. Hedge funds and other institutional investors own 95.70% of the company’s stock.

DENTSPLY SIRONA Trading Up 1.1%

XRAY stock opened at $12.95 on Friday. DENTSPLY SIRONA Inc. has a 12-month low of $9.85 and a 12-month high of $19.27. The business’s 50-day moving average is $12.11 and its 200 day moving average is $12.57. The company has a current ratio of 1.47, a quick ratio of 0.99 and a debt-to-equity ratio of 1.36. The stock has a market cap of $2.58 billion, a price-to-earnings ratio of -2.93, a PEG ratio of 1.01 and a beta of 1.01.

DENTSPLY SIRONA Announces Dividend

The company also recently declared a quarterly dividend, which was paid on Friday, January 9th. Investors of record on Friday, December 26th were given a dividend of $0.16 per share. This represents a $0.64 annualized dividend and a dividend yield of 4.9%. The ex-dividend date was Friday, December 26th. DENTSPLY SIRONA’s payout ratio is presently -14.48%.

Wall Street Analyst Weigh In

Several analysts recently commented on XRAY shares. Wall Street Zen lowered shares of DENTSPLY SIRONA from a “buy” rating to a “hold” rating in a research report on Saturday, October 18th. Wells Fargo & Company dropped their target price on DENTSPLY SIRONA from $15.00 to $12.00 and set an “equal weight” rating on the stock in a research report on Friday, November 7th. Weiss Ratings reaffirmed a “sell (d-)” rating on shares of DENTSPLY SIRONA in a report on Wednesday, January 21st. Robert W. Baird lowered their price target on DENTSPLY SIRONA from $14.00 to $12.00 and set a “neutral” rating on the stock in a research report on Tuesday, December 16th. Finally, Zacks Research cut DENTSPLY SIRONA from a “hold” rating to a “strong sell” rating in a research report on Monday, November 10th. Two equities research analysts have rated the stock with a Buy rating, nine have given a Hold rating and three have assigned a Sell rating to the company’s stock. According to MarketBeat, DENTSPLY SIRONA has a consensus rating of “Reduce” and a consensus target price of $14.25.

Insider Buying and Selling

In related news, Director Gregory T. Lucier sold 82,200 shares of the stock in a transaction on Monday, December 8th. The stock was sold at an average price of $11.14, for a total value of $915,708.00. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this link. Corporate insiders own 0.50% of the company’s stock.

DENTSPLY SIRONA Profile

Dentsply Sirona Inc (NASDAQ: XRAY) is a leading global manufacturer of professional dental products and technologies. The company, formed through the merger of Dentsply International and Sirona Dental Systems in February 2016, brings together a long heritage of innovation in dental care. Headquartered in Charlotte, North Carolina, Dentsply Sirona develops and markets a comprehensive range of dental consumables, laboratory products, and advanced imaging and CAD/CAM systems.

The company’s product portfolio spans preventive, restorative, orthodontic, endodontic and surgical care.