State Board of Administration of Florida Retirement System Decreases Holdings in DENTSPLY SIRONA Inc (XRAY)

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State Board of Administration of Florida Retirement System lowered its position in DENTSPLY SIRONA Inc (NASDAQ:XRAY) by 0.4% during the fourth quarter, HoldingsChannel reports. The firm owned 349,461 shares of the medical instruments supplier’s stock after selling 1,272 shares during the period. State Board of Administration of Florida Retirement System’s holdings in DENTSPLY SIRONA were worth $13,003,000 at the end of the most recent reporting period.

A number of other hedge funds have also recently made changes to their positions in XRAY. Xact Kapitalforvaltning AB increased its position in shares of DENTSPLY SIRONA by 10.6% during the 4th quarter. Xact Kapitalforvaltning AB now owns 38,633 shares of the medical instruments supplier’s stock worth $1,438,000 after purchasing an additional 3,700 shares during the last quarter. Gabelli Funds LLC acquired a new stake in shares of DENTSPLY SIRONA during the 4th quarter worth about $1,451,000. Gamco Investors INC. ET AL increased its position in shares of DENTSPLY SIRONA by 9.0% during the 4th quarter. Gamco Investors INC. ET AL now owns 114,630 shares of the medical instruments supplier’s stock worth $4,265,000 after purchasing an additional 9,500 shares during the last quarter. Wetherby Asset Management Inc. acquired a new stake in shares of DENTSPLY SIRONA during the 4th quarter worth about $253,000. Finally, Oppenheimer Asset Management Inc. acquired a new stake in shares of DENTSPLY SIRONA during the 4th quarter worth about $149,000. Institutional investors own 97.09% of the company’s stock.

In other news, insider Markus Boehringer sold 7,373 shares of the business’s stock in a transaction dated Monday, December 3rd. The stock was sold at an average price of $37.86, for a total transaction of $279,141.78. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this link. Insiders own 1.93% of the company’s stock.

A number of analysts recently issued reports on the company. Barclays reissued a “hold” rating and set a $39.00 price objective on shares of DENTSPLY SIRONA in a research report on Sunday, January 6th. ValuEngine raised DENTSPLY SIRONA from a “strong sell” rating to a “sell” rating in a research report on Wednesday, October 24th. BidaskClub raised DENTSPLY SIRONA from a “sell” rating to a “hold” rating in a research report on Wednesday, November 21st. Zacks Investment Research raised DENTSPLY SIRONA from a “strong sell” rating to a “hold” rating in a research report on Sunday, January 6th. Finally, Goldman Sachs Group raised DENTSPLY SIRONA from a “sell” rating to a “buy” rating and set a $44.00 target price for the company in a research report on Friday, October 19th. One research analyst has rated the stock with a sell rating, ten have issued a hold rating, six have assigned a buy rating and one has issued a strong buy rating to the stock. DENTSPLY SIRONA has a consensus rating of “Hold” and an average price target of $50.62.

NASDAQ XRAY traded down $0.05 during trading on Monday, hitting $42.57. The stock had a trading volume of 12,201 shares, compared to its average volume of 1,586,542. The company has a market cap of $9.48 billion, a P/E ratio of 16.02, a P/E/G ratio of 2.36 and a beta of 1.06. The company has a debt-to-equity ratio of 0.31, a current ratio of 1.76 and a quick ratio of 1.14. DENTSPLY SIRONA Inc has a twelve month low of $33.93 and a twelve month high of $59.17.

DENTSPLY SIRONA (NASDAQ:XRAY) last released its earnings results on Thursday, November 8th. The medical instruments supplier reported $0.38 earnings per share for the quarter, missing the consensus estimate of $0.46 by ($0.08). The firm had revenue of $928.40 million during the quarter, compared to analyst estimates of $951.58 million. DENTSPLY SIRONA had a negative net margin of 41.97% and a positive return on equity of 8.68%. The business’s revenue was down 8.0% compared to the same quarter last year. During the same period in the prior year, the firm earned $0.70 earnings per share. On average, analysts anticipate that DENTSPLY SIRONA Inc will post 1.97 EPS for the current fiscal year.

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DENTSPLY SIRONA Profile

DENTSPLY SIRONA Inc designs, develops, manufactures, and markets various dental and oral health products, and other consumable healthcare products primarily for the professional dental market worldwide. The company operates in two segments, Technologies & Equipment; and Consumables. Its dental supplies include endodontic instruments and materials, dental anesthetics, prophylaxis pastes, dental sealants, impression materials, restorative materials, tooth whiteners, and topical fluoride products; and small equipment products comprise dental hand pieces, intraoral curing light systems, dental diagnostic systems, and ultrasonic scalers and polishers.

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Want to see what other hedge funds are holding XRAY? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for DENTSPLY SIRONA Inc (NASDAQ:XRAY).

Institutional Ownership by Quarter for DENTSPLY SIRONA (NASDAQ:XRAY)

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