Cookson Peirce & Co. Inc. Sells 37,965 Shares of Envista Holdings Corporation $NVST

Cookson Peirce & Co. Inc. cut its stake in shares of Envista Holdings Corporation (NYSE:NVST) by 74.2% in the 2nd quarter, HoldingsChannel reports. The firm owned 13,213 shares of the company’s stock after selling 37,965 shares during the period. Cookson Peirce & Co. Inc.’s holdings in Envista were worth $348,000 at the end of the most recent reporting period.

Other hedge funds and other institutional investors have also bought and sold shares of the company. Wellington Management Group LLP increased its holdings in shares of Envista by 2,662.1% in the 2nd quarter. Wellington Management Group LLP now owns 1,686,415 shares of the company’s stock worth $44,437,000 after buying an additional 1,625,360 shares during the last quarter. Empowered Funds LLC purchased a new stake in shares of Envista during the 2nd quarter valued at $338,000. Public Employees Retirement System of Ohio bought a new stake in shares of Envista during the 2nd quarter worth $1,320,000. Proficio Capital Partners LLC bought a new stake in shares of Envista during the 2nd quarter worth $336,000. Finally, Corient Private Wealth LP bought a new stake in shares of Envista during the 2nd quarter worth $17,905,000.

Envista Price Performance

NVST stock opened at $27.15 on Monday. The company has a debt-to-equity ratio of 0.47, a quick ratio of 2.07 and a current ratio of 2.43. Envista Holdings Corporation has a 52 week low of $18.77 and a 52 week high of $30.42. The firm’s fifty day moving average is $27.12 and its 200 day moving average is $26.35. The firm has a market cap of $4.36 billion, a P/E ratio of 46.81, a P/E/G ratio of 1.29 and a beta of 0.86.

Envista (NYSE:NVST) last posted its quarterly earnings results on Wednesday, August 5th. The company reported $0.41 earnings per share for the quarter, topping the consensus estimate of $0.34 by $0.07. Envista had a net margin of 3.33% and a return on equity of 7.88%. The business had revenue of $730.50 million during the quarter, compared to the consensus estimate of $716.11 million. During the same period in the previous year, the firm posted $0.26 earnings per share. The firm’s revenue for the quarter was up 7.1% on a year-over-year basis. Envista has set its FY 2026 guidance at 1.500-1.550 EPS. Research analysts predict that Envista Holdings Corporation will post 1.53 earnings per share for the current year.

Insider Activity at Envista

In other news, SVP Mischa Reis sold 8,000 shares of Envista stock in a transaction dated Thursday, August 20th. The stock was sold at an average price of $27.50, for a total value of $220,000.00. Following the transaction, the senior vice president owned 27,321 shares in the company, valued at approximately $751,327.50. The trade was a 22.65% decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Corporate insiders own 0.99% of the company’s stock.

Analyst Upgrades and Downgrades

A number of research firms recently commented on NVST. Wall Street Zen raised Envista from a “buy” rating to a “strong-buy” rating in a research note on Saturday, August 22nd. JPMorgan Chase & Co. lifted their price target on Envista from $26.00 to $29.00 and gave the stock a “neutral” rating in a research note on Thursday, May 7th. Mizuho set a $29.00 price objective on Envista in a report on Thursday, August 6th. Weiss Ratings upgraded Envista from a “hold (c-)” rating to a “hold (c)” rating in a research report on Thursday, August 6th. Finally, Robert W. Baird set a $34.00 price objective on Envista in a report on Thursday, August 6th. One analyst has rated the stock with a Strong Buy rating, six have given a Buy rating and nine have assigned a Hold rating to the stock. Based on data from MarketBeat.com, the stock presently has a consensus rating of “Moderate Buy” and a consensus target price of $29.31.

Envista Company Profile

Envista Holdings Corporation is a global dental products company that develops, manufactures and markets a broad portfolio of dental consumables, equipment and technology solutions. Headquartered in Brea, California, Envista serves dental practitioners, specialists and laboratories in more than 150 countries. The company’s offerings span implant, orthodontic, endodontic and restorative product lines as well as digital imaging systems and practice management software.

Envista’s product brands include Nobel Biocare for dental implants and restorative solutions, Ormco for orthodontic appliances and treatment systems, Kerr for restorative and endodontic materials, KaVo for dental imaging and handpieces, and Vista for surgical drills and instruments.