DENTSPLY SIRONA (NASDAQ:XRAY) Rating Lowered to “Hold” at StockNews.com

StockNews.com lowered shares of DENTSPLY SIRONA (NASDAQ:XRAY) from a buy rating to a hold rating in a research report report published on Friday morning.

Several other research firms have also issued reports on XRAY. Mizuho initiated coverage on DENTSPLY SIRONA in a research report on Wednesday, December 4th. They set a “neutral” rating and a $21.00 target price for the company. Jefferies Financial Group lowered DENTSPLY SIRONA from a “buy” rating to a “hold” rating and decreased their price objective for the company from $30.00 to $20.00 in a research report on Thursday, January 23rd. UBS Group decreased their price objective on DENTSPLY SIRONA from $35.00 to $27.00 and set a “buy” rating for the company in a research report on Tuesday, December 3rd. Needham & Company LLC decreased their price objective on DENTSPLY SIRONA from $25.00 to $23.00 and set a “buy” rating for the company in a research report on Friday. Finally, Morgan Stanley decreased their price objective on DENTSPLY SIRONA from $30.00 to $23.00 and set an “overweight” rating for the company in a research report on Tuesday, December 17th. Eleven investment analysts have rated the stock with a hold rating and four have issued a buy rating to the company’s stock. According to data from MarketBeat.com, the company currently has a consensus rating of “Hold” and a consensus price target of $23.58.

DENTSPLY SIRONA Price Performance

DENTSPLY SIRONA stock opened at $16.55 on Friday. The firm has a market capitalization of $3.29 billion, a P/E ratio of -8.00, a PEG ratio of 1.80 and a beta of 0.96. DENTSPLY SIRONA has a 1 year low of $16.21 and a 1 year high of $34.91. The business has a 50-day moving average of $18.88 and a 200-day moving average of $21.55. The company has a current ratio of 1.25, a quick ratio of 0.84 and a debt-to-equity ratio of 0.72.

DENTSPLY SIRONA Dividend Announcement

The company also recently announced a quarterly dividend, which will be paid on Friday, April 11th. Shareholders of record on Friday, March 28th will be paid a $0.16 dividend. This represents a $0.64 annualized dividend and a yield of 3.87%. The ex-dividend date is Friday, March 28th. DENTSPLY SIRONA’s payout ratio is -30.92%.

Institutional Investors Weigh In On DENTSPLY SIRONA

Several institutional investors have recently bought and sold shares of XRAY. State of Alaska Department of Revenue raised its stake in shares of DENTSPLY SIRONA by 2.4% during the 3rd quarter. State of Alaska Department of Revenue now owns 23,545 shares of the medical instruments supplier’s stock worth $637,000 after purchasing an additional 560 shares in the last quarter. Treasurer of the State of North Carolina raised its stake in shares of DENTSPLY SIRONA by 0.6% during the 4th quarter. Treasurer of the State of North Carolina now owns 88,854 shares of the medical instruments supplier’s stock worth $1,686,000 after purchasing an additional 560 shares in the last quarter. UMB Bank n.a. raised its stake in shares of DENTSPLY SIRONA by 60.8% during the 4th quarter. UMB Bank n.a. now owns 1,492 shares of the medical instruments supplier’s stock worth $28,000 after purchasing an additional 564 shares in the last quarter. MML Investors Services LLC raised its stake in shares of DENTSPLY SIRONA by 2.1% during the 3rd quarter. MML Investors Services LLC now owns 29,682 shares of the medical instruments supplier’s stock worth $803,000 after purchasing an additional 620 shares in the last quarter. Finally, Allworth Financial LP raised its stake in shares of DENTSPLY SIRONA by 40.2% during the 3rd quarter. Allworth Financial LP now owns 2,179 shares of the medical instruments supplier’s stock worth $59,000 after purchasing an additional 625 shares in the last quarter. Institutional investors own 95.70% of the company’s stock.

DENTSPLY SIRONA Company Profile

DENTSPLY SIRONA Inc manufactures and sells various dental products and technologies worldwide. It operates in four segments: Connected Technology Solutions, Essential Dental Solutions, Orthodontic and Implant Solutions, and Wellspect Healthcare. The company offers dental equipment comprising imaging equipment, motorized dental handpieces, treatment centers, other instruments, amalgamators, mixing machines, and porcelain furnaces; and dental CAD/CAM technologies to support dental restorations, such as intraoral scanners, 3-D printers, mills, other software and services, and a full-chairside economical restoration of esthetic ceramic dentistry, as well as DS Core, its cloud-based platform.