Capricorn Fund Managers Ltd Acquires New Position in Envista Holdings Corporation $NVST

Capricorn Fund Managers Ltd acquired a new stake in shares of Envista Holdings Corporation (NYSE:NVST) during the 1st quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The institutional investor acquired 746,200 shares of the company’s stock, valued at approximately $18,931,000. Envista makes up about 3.0% of Capricorn Fund Managers Ltd’s holdings, making the stock its 6th biggest holding.

Other large investors also recently bought and sold shares of the company. Caitong International Asset Management Co. Ltd grew its position in shares of Envista by 16,711.1% in the 3rd quarter. Caitong International Asset Management Co. Ltd now owns 1,513 shares of the company’s stock worth $31,000 after acquiring an additional 1,504 shares in the last quarter. Allworth Financial LP raised its position in shares of Envista by 75.4% during the 4th quarter. Allworth Financial LP now owns 1,805 shares of the company’s stock valued at $39,000 after acquiring an additional 776 shares in the last quarter. UMB Bank n.a. raised its position in shares of Envista by 46.1% during the 4th quarter. UMB Bank n.a. now owns 2,017 shares of the company’s stock valued at $44,000 after acquiring an additional 636 shares in the last quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. lifted its stake in Envista by 73.1% during the second quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. now owns 2,248 shares of the company’s stock worth $44,000 after purchasing an additional 949 shares during the last quarter. Finally, IFP Advisors Inc lifted its stake in Envista by 102.9% during the fourth quarter. IFP Advisors Inc now owns 2,112 shares of the company’s stock worth $46,000 after purchasing an additional 1,071 shares during the last quarter.

Envista Trading Down 2.6%

NYSE:NVST opened at $26.31 on Wednesday. Envista Holdings Corporation has a 12-month low of $18.77 and a 12-month high of $30.42. The firm has a market capitalization of $4.28 billion, a P/E ratio of 64.18, a P/E/G ratio of 1.53 and a beta of 0.88. The company has a debt-to-equity ratio of 0.47, a current ratio of 2.44 and a quick ratio of 2.06. The business has a 50 day simple moving average of $24.85 and a 200 day simple moving average of $25.18.

Envista (NYSE:NVST) last issued its quarterly earnings data on Wednesday, May 6th. The company reported $0.36 EPS for the quarter, topping analysts’ consensus estimates of $0.31 by $0.05. Envista had a return on equity of 7.11% and a net margin of 2.41%.The firm had revenue of $705.50 million during the quarter, compared to the consensus estimate of $680.03 million. During the same period in the prior year, the business earned $0.24 EPS. The firm’s revenue was up 14.4% on a year-over-year basis. Envista has set its FY 2026 guidance at 1.350-1.450 EPS. Equities research analysts predict that Envista Holdings Corporation will post 1.42 EPS for the current year.

Analyst Ratings Changes

Several research firms have weighed in on NVST. Barclays lowered their target price on shares of Envista from $34.00 to $32.00 and set an “overweight” rating for the company in a research note on Thursday, June 11th. Morgan Stanley raised their price target on shares of Envista from $19.00 to $21.00 and gave the stock an “equal weight” rating in a research report on Friday, April 24th. JPMorgan Chase & Co. lifted their price target on shares of Envista from $26.00 to $29.00 and gave the company a “neutral” rating in a report on Thursday, May 7th. Evercore reaffirmed an “outperform” rating and set a $33.00 price objective on shares of Envista in a research report on Thursday, May 7th. Finally, Robert W. Baird increased their price objective on shares of Envista from $30.00 to $31.00 and gave the stock an “outperform” rating in a research note on Thursday, May 7th. Six research analysts have rated the stock with a Buy rating and nine have given a Hold rating to the company’s stock. According to data from MarketBeat.com, the company currently has an average rating of “Hold” and an average target price of $28.67.

About Envista

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.