DENTSPLY SIRONA (NASDAQ:XRAY) Given “Buy” Rating at Needham & Company LLC

Needham & Company LLC reissued their buy rating on shares of DENTSPLY SIRONA (NASDAQ:XRAY) in a research report report published on Tuesday,Benzinga reports. Needham & Company LLC currently has a $25.00 target price on the medical instruments supplier’s stock.

Several other equities research analysts have also recently weighed in on XRAY. Leerink Partnrs cut DENTSPLY SIRONA from a “strong-buy” rating to a “hold” rating in a research note on Thursday, November 7th. UBS Group decreased their price target on DENTSPLY SIRONA from $35.00 to $27.00 and set a “buy” rating on the stock in a report on Tuesday, December 3rd. Leerink Partners lowered shares of DENTSPLY SIRONA from an “outperform” rating to a “market perform” rating in a research note on Thursday, November 7th. Jefferies Financial Group cut shares of DENTSPLY SIRONA from a “buy” rating to a “hold” rating and cut their price objective for the company from $30.00 to $20.00 in a research report on Thursday, January 23rd. Finally, Robert W. Baird lowered their target price on shares of DENTSPLY SIRONA from $31.00 to $24.00 and set a “neutral” rating for the company in a report on Friday, November 8th. Nine analysts have rated the stock with a hold rating and five have assigned a buy rating to the stock. According to MarketBeat, the company presently has an average rating of “Hold” and a consensus price target of $26.33.

DENTSPLY SIRONA Stock Performance

Shares of NASDAQ:XRAY opened at $18.28 on Tuesday. The firm has a fifty day simple moving average of $19.06 and a two-hundred day simple moving average of $22.07. DENTSPLY SIRONA has a 52 week low of $17.21 and a 52 week high of $34.91. The company has a quick ratio of 0.84, a current ratio of 1.25 and a debt-to-equity ratio of 0.72. The stock has a market capitalization of $3.63 billion, a P/E ratio of -8.83, a PEG ratio of 1.83 and a beta of 0.96.

DENTSPLY SIRONA Announces Dividend

The company also recently declared a quarterly dividend, which was paid on Friday, January 10th. Investors of record on Friday, December 27th were issued a $0.16 dividend. The ex-dividend date was Friday, December 27th. This represents a $0.64 dividend on an annualized basis and a dividend yield of 3.50%. DENTSPLY SIRONA’s payout ratio is -30.92%.

Institutional Inflows and Outflows

Several institutional investors have recently bought and sold shares of the company. State of Alaska Department of Revenue grew its position in shares of DENTSPLY SIRONA by 2.4% during the 3rd quarter. State of Alaska Department of Revenue now owns 23,545 shares of the medical instruments supplier’s stock worth $637,000 after buying an additional 560 shares in the last quarter. UMB Bank n.a. grew its holdings in DENTSPLY SIRONA by 60.8% during the 4th quarter. UMB Bank n.a. now owns 1,492 shares of the medical instruments supplier’s stock worth $28,000 after acquiring an additional 564 shares in the last quarter. MML Investors Services LLC increased its position in DENTSPLY SIRONA by 2.1% during the 3rd quarter. MML Investors Services LLC now owns 29,682 shares of the medical instruments supplier’s stock valued at $803,000 after purchasing an additional 620 shares during the period. Allworth Financial LP raised its holdings in shares of DENTSPLY SIRONA by 40.2% in the 3rd quarter. Allworth Financial LP now owns 2,179 shares of the medical instruments supplier’s stock valued at $59,000 after purchasing an additional 625 shares in the last quarter. Finally, Blue Trust Inc. lifted its position in shares of DENTSPLY SIRONA by 10.9% in the 4th quarter. Blue Trust Inc. now owns 7,199 shares of the medical instruments supplier’s stock worth $137,000 after purchasing an additional 707 shares during the period. 95.70% of the stock is currently owned by hedge funds and other institutional investors.

About DENTSPLY SIRONA

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.