Heartland Advisors Inc. Purchases Shares of 352,353 Envista Holdings Corporation $NVST

Heartland Advisors Inc. purchased a new position in shares of Envista Holdings Corporation (NYSE:NVST) during the 2nd quarter, according to its most recent Form 13F filing with the SEC. The fund purchased 352,353 shares of the company’s stock, valued at approximately $9,285,000.

A number of other large investors also recently modified their holdings of NVST. C M Bidwell & Associates Ltd. acquired a new stake in shares of Envista in the second quarter valued at about $63,000. Allworth Financial LP acquired a new position in Envista during the second quarter valued at approximately $91,000. Vise Technologies Inc. bought a new position in Envista in the second quarter valued at approximately $420,000. Danske Bank A S bought a new position in Envista in the second quarter valued at approximately $336,000. Finally, Pzena Investment Management LLC acquired a new position in shares of Envista during the 2nd quarter worth approximately $30,494,000.

Analyst Ratings Changes

A number of brokerages have recently issued reports on NVST. Piper Sandler reiterated a “neutral” rating and set a $28.00 price objective (up from $26.00) on shares of Envista in a research note on Thursday, August 6th. Barclays lowered their target price on shares of Envista from $34.00 to $32.00 and set an “overweight” rating on the stock in a report on Thursday, June 11th. Robert W. Baird set a $34.00 price target on shares of Envista in a research note on Thursday, August 6th. JPMorgan Chase & Co. lifted their price objective on shares of Envista from $26.00 to $29.00 and gave the company a “neutral” rating in a research report on Thursday, May 7th. Finally, Wall Street Zen upgraded shares of Envista from a “buy” rating to a “strong-buy” rating in a research note on Saturday. One analyst has rated the stock with a Strong Buy rating, six have issued a Buy rating and nine have issued a Hold rating to the stock. According to MarketBeat.com, the company has an average rating of “Moderate Buy” and a consensus price target of $29.31.

Envista Stock Up 1.0%

NVST opened at $27.21 on Friday. The stock’s fifty day simple moving average is $26.90 and its 200 day simple moving average is $26.28. Envista Holdings Corporation has a 1-year low of $18.77 and a 1-year high of $30.42. The stock has a market cap 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 current ratio of 2.43, a quick ratio of 2.07 and a debt-to-equity ratio of 0.47.

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

Envista Company Profile

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.