Savant Capital LLC Increases Stock Holdings in DENTSPLY SIRONA Inc. (NASDAQ:XRAY)

Savant Capital LLC lifted its position in DENTSPLY SIRONA Inc. (NASDAQ:XRAY) by 71.9% during the fourth quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 83,062 shares of the medical instruments supplier’s stock after buying an additional 34,750 shares during the quarter. Savant Capital LLC’s holdings in DENTSPLY SIRONA were worth $1,577,000 at the end of the most recent quarter.

A number of other institutional investors and hedge funds have also recently modified their holdings of XRAY. Capital Performance Advisors LLP purchased a new stake in shares of DENTSPLY SIRONA in the third quarter worth about $27,000. MassMutual Private Wealth & Trust FSB lifted its holdings in shares of DENTSPLY SIRONA by 648.4% in the fourth quarter. MassMutual Private Wealth & Trust FSB now owns 1,422 shares of the medical instruments supplier’s stock worth $27,000 after buying an additional 1,232 shares in the last quarter. UMB Bank n.a. lifted its holdings in shares of DENTSPLY SIRONA by 60.8% in the fourth quarter. UMB Bank n.a. now owns 1,492 shares of the medical instruments supplier’s stock worth $28,000 after buying an additional 564 shares in the last quarter. Kennebec Savings Bank purchased a new stake in DENTSPLY SIRONA in the third quarter valued at approximately $35,000. Finally, Van ECK Associates Corp purchased a new stake in DENTSPLY SIRONA in the third quarter valued at approximately $42,000. 95.70% of the stock is owned by hedge funds and other institutional investors.

DENTSPLY SIRONA Stock Up 2.2 %

Shares of DENTSPLY SIRONA stock opened at $18.77 on Friday. The company has a debt-to-equity ratio of 0.72, a quick ratio of 0.84 and a current ratio of 1.25. DENTSPLY SIRONA Inc. has a 52-week low of $17.21 and a 52-week high of $34.91. The stock has a market capitalization of $3.73 billion, a price-to-earnings ratio of -9.07, a P/E/G ratio of 1.83 and a beta of 0.96. The company’s 50 day moving average price is $19.04 and its 200-day moving average price is $22.04.

DENTSPLY SIRONA Announces Dividend

The company also recently announced a quarterly dividend, which was paid on Friday, January 10th. Stockholders of record on Friday, December 27th were issued a $0.16 dividend. This represents a $0.64 annualized dividend and a dividend yield of 3.41%. The ex-dividend date of this dividend was Friday, December 27th. DENTSPLY SIRONA’s dividend payout ratio is -30.92%.

Analyst Ratings Changes

A number of equities research analysts recently weighed in on the stock. Evercore ISI reaffirmed an “in-line” rating and issued a $20.00 target price on shares of DENTSPLY SIRONA in a research note on Tuesday, January 7th. Jefferies Financial Group downgraded shares of DENTSPLY SIRONA from a “buy” rating to a “hold” rating and lowered their target price for the company from $30.00 to $20.00 in a research note on Thursday, January 23rd. Needham & Company LLC reaffirmed a “buy” rating and issued a $25.00 target price on shares of DENTSPLY SIRONA in a research note on Tuesday. Robert W. Baird lowered their target price on shares of DENTSPLY SIRONA from $31.00 to $24.00 and set a “neutral” rating on the stock in a research note on Friday, November 8th. Finally, Mizuho initiated coverage on shares of DENTSPLY SIRONA in a research note on Wednesday, December 4th. They issued a “neutral” rating and a $21.00 target price on the stock. Nine research analysts have rated the stock with a hold rating and five have issued a buy rating to the company’s stock. According to data from MarketBeat, DENTSPLY SIRONA presently has an average rating of “Hold” and a consensus price target of $26.33.

DENTSPLY SIRONA Profile

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.