Thrivent Financial for Lutherans Reduces Position in DENTSPLY SIRONA Inc. $XRAY

Thrivent Financial for Lutherans lowered its stake in DENTSPLY SIRONA Inc. (NASDAQ:XRAY) by 41.3% in the third quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 104,694 shares of the medical instruments supplier’s stock after selling 73,793 shares during the period. Thrivent Financial for Lutherans owned 0.05% of DENTSPLY SIRONA worth $1,328,000 at the end of the most recent quarter.

A number of other large investors have also recently made changes to their positions in XRAY. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. purchased a new position in DENTSPLY SIRONA in the 1st quarter worth $26,000. Parkside Financial Bank & Trust increased its holdings in shares of DENTSPLY SIRONA by 620.6% in the second quarter. Parkside Financial Bank & Trust now owns 1,715 shares of the medical instruments supplier’s stock valued at $27,000 after purchasing an additional 1,477 shares during the period. True Wealth Design LLC increased its holdings in shares of DENTSPLY SIRONA by 273.0% in the second quarter. True Wealth Design LLC now owns 2,376 shares of the medical instruments supplier’s stock valued at $38,000 after purchasing an additional 1,739 shares during the period. Central Pacific Bank Trust Division raised its stake in shares of DENTSPLY SIRONA by 100.0% in the third quarter. Central Pacific Bank Trust Division now owns 4,000 shares of the medical instruments supplier’s stock worth $51,000 after purchasing an additional 2,000 shares during the last quarter. Finally, IFP Advisors Inc lifted its holdings in shares of DENTSPLY SIRONA by 924.5% during the second quarter. IFP Advisors Inc now owns 3,811 shares of the medical instruments supplier’s stock worth $61,000 after purchasing an additional 3,439 shares during the period. 95.70% of the stock is owned by hedge funds and other institutional investors.

DENTSPLY SIRONA Stock Up 1.1%

XRAY opened at $12.95 on Friday. The company has a fifty day moving average of $12.11 and a two-hundred day moving average of $12.57. The stock has a market capitalization of $2.58 billion, a price-to-earnings ratio of -2.93, a PEG ratio of 1.01 and a beta of 1.01. DENTSPLY SIRONA Inc. has a fifty-two week low of $9.85 and a fifty-two week high of $19.27. The company has a debt-to-equity ratio of 1.36, a quick ratio of 0.99 and a current ratio of 1.47.

DENTSPLY SIRONA Dividend Announcement

The firm also recently disclosed a quarterly dividend, which was paid on Friday, January 9th. Shareholders of record on Friday, December 26th were issued a $0.16 dividend. This represents a $0.64 annualized dividend and a yield of 4.9%. The ex-dividend date of this dividend was Friday, December 26th. DENTSPLY SIRONA’s dividend payout ratio (DPR) is presently -14.48%.

Wall Street Analysts Forecast Growth

A number of research firms have issued reports on XRAY. Wells Fargo & Company reduced their price target on shares of DENTSPLY SIRONA from $15.00 to $12.00 and set an “equal weight” rating for the company in a research report on Friday, November 7th. Stifel Nicolaus set a $13.00 price objective on shares of DENTSPLY SIRONA in a research note on Thursday, November 6th. Barrington Research reissued an “outperform” rating and set a $14.00 target price on shares of DENTSPLY SIRONA in a report on Monday, January 5th. JPMorgan Chase & Co. lowered their price target on shares of DENTSPLY SIRONA from $14.00 to $12.00 and set a “neutral” rating on the stock in a report on Friday, November 7th. Finally, Zacks Research lowered DENTSPLY SIRONA from a “hold” rating to a “strong sell” rating in a research note on Monday, November 10th. Two analysts have rated the stock with a Buy rating, nine have given a Hold rating and three have assigned a Sell rating to the company’s stock. Based on data from MarketBeat, DENTSPLY SIRONA has a consensus rating of “Reduce” and an average target price of $14.25.

Insider Activity at DENTSPLY SIRONA

In other news, Director Gregory T. Lucier sold 82,200 shares of the company’s stock in a transaction that occurred on Monday, December 8th. The stock was sold at an average price of $11.14, for a total transaction of $915,708.00. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink. 0.50% of the stock is owned by company insiders.

DENTSPLY SIRONA Company Profile

Dentsply Sirona Inc (NASDAQ: XRAY) is a leading global manufacturer of professional dental products and technologies. The company, formed through the merger of Dentsply International and Sirona Dental Systems in February 2016, brings together a long heritage of innovation in dental care. Headquartered in Charlotte, North Carolina, Dentsply Sirona develops and markets a comprehensive range of dental consumables, laboratory products, and advanced imaging and CAD/CAM systems.

The company’s product portfolio spans preventive, restorative, orthodontic, endodontic and surgical care.