Danske Bank A S Takes $6.55 Million Position in Envista Holdings Corporation $NVST

Danske Bank A S purchased a new stake in Envista Holdings Corporation (NYSE:NVST) during the second quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm purchased 248,737 shares of the company’s stock, valued at approximately $6,554,000. Danske Bank A S owned approximately 0.15% of Envista at the end of the most recent reporting period.

Other large investors have also modified their holdings of the company. Royal Bank of Canada boosted its stake in shares of Envista by 26.6% during the 1st quarter. Royal Bank of Canada now owns 23,240 shares of the company’s stock worth $401,000 after purchasing an additional 4,885 shares during the last quarter. Millennium Management LLC boosted its position in Envista by 218.6% during the 1st quarter. Millennium Management LLC now owns 383,966 shares of the company’s stock valued at $6,627,000 after purchasing an additional 263,442 shares during the period. Goldman Sachs Group Inc. increased its position in Envista by 39.3% in the 1st quarter. Goldman Sachs Group Inc. now owns 629,140 shares of the company’s stock valued at $10,859,000 after acquiring an additional 177,630 shares during the period. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC raised its stake in shares of Envista by 15.5% in the 1st quarter. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC now owns 568,982 shares of the company’s stock worth $9,821,000 after buying an additional 76,246 shares in the last quarter. Finally, Prudential Financial Inc. boosted its stake in shares of Envista by 22.1% during the 2nd quarter. Prudential Financial Inc. now owns 18,785 shares of the company’s stock worth $367,000 after acquiring an additional 3,395 shares in the last quarter.

Analyst Upgrades and Downgrades

A number of research analysts have recently weighed in on NVST shares. Robert W. Baird set a $34.00 price target on shares of Envista in a report on Thursday, August 6th. Morgan Stanley set a $23.00 target price on Envista in a research report on Thursday, August 6th. Zacks Research upgraded Envista from a “hold” rating to a “strong-buy” rating in a report on Friday, August 7th. Wall Street Zen upgraded Envista from a “buy” rating to a “strong-buy” rating in a report on Saturday. Finally, Barclays dropped their price target on Envista from $34.00 to $32.00 and set an “overweight” rating for the company in a report on Thursday, June 11th. One research analyst has rated the stock with a Strong Buy rating, six have given a Buy rating and nine have given a Hold rating to the company’s stock. According to data from MarketBeat, the company presently has an average rating of “Moderate Buy” and an average target price of $29.31.

Envista Trading Up 1.0%

Shares of Envista stock opened at $27.21 on Friday. Envista Holdings Corporation has a 52 week low of $18.77 and a 52 week high of $30.42. The stock has a market capitalization of $4.37 billion, a PE ratio of 46.91, a price-to-earnings-growth ratio of 1.28 and a beta of 0.86. The company has a debt-to-equity ratio of 0.47, a quick ratio of 2.07 and a current ratio of 2.43. The stock has a 50 day moving average price of $26.90 and a two-hundred day moving average price of $26.28.

Envista (NYSE:NVST) last posted its quarterly earnings data on Wednesday, August 5th. The company reported $0.41 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.34 by $0.07. Envista had a net margin of 3.33% and a return on equity of 7.88%. The business had revenue of $730.50 million during the quarter, compared to the consensus estimate of $716.11 million. During the same quarter last year, the company posted $0.26 earnings per share. The firm’s quarterly revenue was up 7.1% compared to the same quarter last year. Envista has set its FY 2026 guidance at 1.500-1.550 EPS. As a group, equities analysts anticipate that Envista Holdings Corporation will post 1.53 earnings per share for the current fiscal year.

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.