Teacher Retirement System of Texas cut its position in shares of DENTSPLY SIRONA Inc. (NASDAQ:XRAY) by 86.5% in the third quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor owned 23,795 shares of the medical instruments supplier’s stock after selling 152,506 shares during the quarter. Teacher Retirement System of Texas’ holdings in DENTSPLY SIRONA were worth $1,423,000 at the end of the most recent quarter.
Several other hedge funds and other institutional investors have also recently modified their holdings of XRAY. Bessemer Group Inc. grew its holdings in shares of DENTSPLY SIRONA by 4,638.6% during the third quarter. Bessemer Group Inc. now owns 1,903,596 shares of the medical instruments supplier’s stock worth $113,855,000 after buying an additional 1,863,424 shares in the last quarter. Principal Financial Group Inc. grew its holdings in DENTSPLY SIRONA by 22.3% in the second quarter. Principal Financial Group Inc. now owns 6,474,432 shares of the medical instruments supplier’s stock valued at $419,802,000 after purchasing an additional 1,181,547 shares during the period. Parnassus Investments CA grew its holdings in DENTSPLY SIRONA by 62.7% in the third quarter. Parnassus Investments CA now owns 2,115,000 shares of the medical instruments supplier’s stock valued at $126,498,000 after purchasing an additional 815,000 shares during the period. Balyasny Asset Management LLC grew its holdings in DENTSPLY SIRONA by 415.5% in the second quarter. Balyasny Asset Management LLC now owns 800,937 shares of the medical instruments supplier’s stock valued at $51,933,000 after purchasing an additional 645,564 shares during the period. Finally, Vanguard Group Inc. grew its holdings in DENTSPLY SIRONA by 2.5% in the second quarter. Vanguard Group Inc. now owns 22,728,062 shares of the medical instruments supplier’s stock valued at $1,473,688,000 after purchasing an additional 562,993 shares during the period. Institutional investors and hedge funds own 94.68% of the company’s stock.
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DENTSPLY SIRONA Inc. (NASDAQ XRAY) opened at $67.01 on Wednesday. DENTSPLY SIRONA Inc. has a 12-month low of $52.53 and a 12-month high of $67.95. The company has a debt-to-equity ratio of 0.21, a quick ratio of 1.59 and a current ratio of 2.32. The company has a market cap of $15,257.83, a price-to-earnings ratio of 26.47, a PEG ratio of 2.63 and a beta of 1.27.
DENTSPLY SIRONA (NASDAQ:XRAY) last posted its earnings results on Friday, November 3rd. The medical instruments supplier reported $0.70 EPS for the quarter, topping analysts’ consensus estimates of $0.66 by $0.04. DENTSPLY SIRONA had a negative net margin of 20.33% and a positive return on equity of 7.56%. The business had revenue of $1.01 billion for the quarter, compared to analysts’ expectations of $978.99 million. During the same period in the previous year, the company posted $0.66 earnings per share. The business’s revenue for the quarter was up 5.8% compared to the same quarter last year. research analysts anticipate that DENTSPLY SIRONA Inc. will post 2.66 EPS for the current year.
In related news, Director Francis J. Lunger sold 8,900 shares of the company’s stock in a transaction on Monday, November 13th. The shares were sold at an average price of $65.90, for a total value of $586,510.00. The transaction was disclosed in a legal filing with the SEC, which can be accessed through this link. Also, insider Mark Thierer purchased 77,000 shares of the business’s stock in a transaction that occurred on Monday, November 13th. The stock was bought at an average cost of $66.04 per share, for a total transaction of $5,085,080.00. The disclosure for this purchase can be found here. Insiders own 1.99% of the company’s stock.
A number of equities research analysts recently issued reports on XRAY shares. BidaskClub downgraded shares of DENTSPLY SIRONA from a “sell” rating to a “strong sell” rating in a report on Wednesday, August 16th. Zacks Investment Research upgraded shares of DENTSPLY SIRONA from a “sell” rating to a “hold” rating in a report on Friday, October 20th. Cleveland Research downgraded shares of DENTSPLY SIRONA from a “buy” rating to a “neutral” rating in a report on Thursday, October 5th. Barrington Research raised shares of DENTSPLY SIRONA from a “market perform” rating to an “outperform” rating and set a $73.00 price target on the stock in a research report on Monday, November 6th. Finally, Morgan Stanley reaffirmed an “overweight” rating and set a $69.00 price target (up from $67.00) on shares of DENTSPLY SIRONA in a research report on Friday, October 6th. Three equities research analysts have rated the stock with a sell rating, two have given a hold rating and seven have issued a buy rating to the company. The stock presently has an average rating of “Hold” and a consensus target price of $67.00.
About DENTSPLY SIRONA
DENTSPLY SIRONA Inc is a manufacturer of professional dental products and technologies. The Company develops, manufactures, and markets solutions offering, including dental and oral health products, as well as other consumable medical devices. It operates through two segments: Dental and Healthcare Consumables, and Technologies.
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