Geode Capital Management LLC Sells 38,952 Shares of Envista Holdings Corporation $NVST

Geode Capital Management LLC lessened its stake in Envista Holdings Corporation (NYSE:NVST) by 1.3% in the fourth quarter, according to its most recent disclosure with the Securities and Exchange Commission. The fund owned 3,067,342 shares of the company’s stock after selling 38,952 shares during the quarter. Geode Capital Management LLC owned about 1.87% of Envista worth $66,606,000 as of its most recent SEC filing.

Other institutional investors and hedge funds have also added to or reduced their stakes in the company. Caitong International Asset Management Co. Ltd increased its holdings in Envista by 16,711.1% in the third quarter. Caitong International Asset Management Co. Ltd now owns 1,513 shares of the company’s stock valued at $31,000 after purchasing an additional 1,504 shares during the last quarter. Allworth Financial LP increased its holdings in Envista by 75.4% in the fourth quarter. Allworth Financial LP now owns 1,805 shares of the company’s stock valued at $39,000 after purchasing an additional 776 shares during the last quarter. IFP Advisors Inc increased its holdings in Envista by 102.9% in the fourth quarter. IFP Advisors Inc now owns 2,112 shares of the company’s stock valued at $46,000 after purchasing an additional 1,071 shares during the last quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. increased its holdings in Envista by 73.1% in the second quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. now owns 2,248 shares of the company’s stock valued at $44,000 after purchasing an additional 949 shares during the last quarter. Finally, EverSource Wealth Advisors LLC increased its holdings in Envista by 378.0% in the second quarter. EverSource Wealth Advisors LLC now owns 2,414 shares of the company’s stock valued at $47,000 after purchasing an additional 1,909 shares during the last quarter.

Analyst Upgrades and Downgrades

A number of research firms recently commented on NVST. Citigroup initiated coverage on Envista in a report on Wednesday, April 15th. They issued a “neutral” rating and a $29.00 price objective for the company. Zacks Research cut Envista from a “strong-buy” rating to a “hold” rating in a research note on Monday, April 6th. JPMorgan Chase & Co. boosted their target price on Envista from $26.00 to $29.00 and gave the company a “neutral” rating in a research note on Thursday, May 7th. Robert W. Baird boosted their target price on Envista from $30.00 to $31.00 and gave the company an “outperform” rating in a research note on Thursday, May 7th. Finally, Barclays boosted their target price on Envista from $24.00 to $34.00 and gave the company an “overweight” rating in a research note on Wednesday, February 11th. Six investment analysts have rated the stock with a Buy rating and nine have issued a Hold rating to the stock. According to MarketBeat, the stock has an average rating of “Hold” and a consensus target price of $28.83.

Envista Stock Up 1.5%

NVST stock opened at $23.45 on Tuesday. 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 stock has a market capitalization of $3.82 billion, a P/E ratio of 57.20, a P/E/G ratio of 1.31 and a beta of 0.88. Envista Holdings Corporation has a fifty-two week low of $18.25 and a fifty-two week high of $30.42. The business has a 50-day moving average of $25.08 and a 200-day moving average of $24.61.

Envista (NYSE:NVST) last announced its earnings results on Wednesday, May 6th. The company reported $0.36 earnings per share (EPS) for the quarter, beating 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 business had revenue of $705.50 million for the quarter, compared to analyst estimates of $680.04 million. During the same quarter last year, the firm earned $0.24 EPS. Envista’s revenue for the quarter was up 14.4% compared to the same quarter last year. Envista has set its FY 2026 guidance at 1.350-1.450 EPS. On average, sell-side analysts anticipate that Envista Holdings Corporation will post 1.42 earnings per share for the current fiscal year.

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.