NorthRock Partners LLC Acquires Shares of 12,919 DENTSPLY SIRONA Inc. $XRAY

NorthRock Partners LLC acquired a new stake in DENTSPLY SIRONA Inc. (NASDAQ:XRAY) during the 2nd quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The institutional investor acquired 12,919 shares of the medical instruments supplier’s stock, valued at approximately $207,000.

Other institutional investors and hedge funds have also recently bought and sold shares of the company. Public Employees Retirement System of Ohio increased its stake in shares of DENTSPLY SIRONA by 1.4% during the second quarter. Public Employees Retirement System of Ohio now owns 61,873 shares of the medical instruments supplier’s stock worth $983,000 after purchasing an additional 861 shares during the period. Gabelli Funds LLC increased its stake in shares of DENTSPLY SIRONA by 1.0% during the first quarter. Gabelli Funds LLC now owns 98,000 shares of the medical instruments supplier’s stock worth $1,464,000 after purchasing an additional 1,000 shares during the period. Empowered Funds LLC increased its stake in shares of DENTSPLY SIRONA by 8.8% during the first quarter. Empowered Funds LLC now owns 16,324 shares of the medical instruments supplier’s stock worth $244,000 after purchasing an additional 1,320 shares during the period. Covestor Ltd increased its stake in shares of DENTSPLY SIRONA by 17.5% during the first quarter. Covestor Ltd now owns 9,778 shares of the medical instruments supplier’s stock worth $146,000 after purchasing an additional 1,456 shares during the period. Finally, Mirae Asset Global Investments Co. Ltd. bought a new position in shares of DENTSPLY SIRONA during the first quarter worth approximately $25,000. Institutional investors own 95.70% of the company’s stock.

Analyst Upgrades and Downgrades

A number of equities analysts have recently weighed in on the company. Needham & Company LLC reiterated a “hold” rating on shares of DENTSPLY SIRONA in a research note on Friday, September 26th. Wall Street Zen lowered DENTSPLY SIRONA from a “buy” rating to a “hold” rating in a research note on Saturday. Weiss Ratings restated a “sell (d-)” rating on shares of DENTSPLY SIRONA in a research note on Wednesday, October 8th. Evercore ISI lowered their price objective on DENTSPLY SIRONA from $17.00 to $13.00 and set an “in-line” rating on the stock in a research note on Wednesday, October 8th. Finally, Stifel Nicolaus lowered their price objective on DENTSPLY SIRONA from $19.00 to $17.00 and set a “hold” rating on the stock in a research note on Friday, August 8th. Two equities research analysts have rated the stock with a Buy rating, eleven have assigned a Hold rating and one has given a Sell rating to the stock. Based on data from MarketBeat, DENTSPLY SIRONA presently has an average rating of “Hold” and an average target price of $18.00.

DENTSPLY SIRONA Trading Down 0.9%

Shares of XRAY stock opened at $12.51 on Friday. The stock’s fifty day moving average price is $13.38 and its two-hundred day moving average price is $14.52. The company has a market cap of $2.50 billion, a PE ratio of -2.64, a P/E/G ratio of 0.79 and a beta of 0.96. DENTSPLY SIRONA Inc. has a fifty-two week low of $11.69 and a fifty-two week high of $24.86. The company has a debt-to-equity ratio of 1.13, a quick ratio of 1.11 and a current ratio of 1.69.

DENTSPLY SIRONA (NASDAQ:XRAY) last issued its earnings results on Thursday, August 7th. The medical instruments supplier reported $0.52 earnings per share for the quarter, beating analysts’ consensus estimates of $0.50 by $0.02. The firm had revenue of $936.00 million for the quarter, compared to the consensus estimate of $929.67 million. DENTSPLY SIRONA had a positive return on equity of 16.33% and a negative net margin of 25.85%.The company’s revenue was down 4.9% compared to the same quarter last year. During the same quarter last year, the business posted $0.49 EPS. DENTSPLY SIRONA has set its FY 2025 guidance at 1.800-2.000 EPS. Equities analysts predict that DENTSPLY SIRONA Inc. will post 1.84 EPS for the current fiscal year.

DENTSPLY SIRONA Announces Dividend

The firm also recently announced a quarterly dividend, which was paid on Friday, October 10th. Shareholders of record on Friday, September 26th were issued a $0.16 dividend. This represents a $0.64 dividend on an annualized basis and a dividend yield of 5.1%. The ex-dividend date of this dividend was Friday, September 26th. DENTSPLY SIRONA’s dividend payout ratio (DPR) is currently -13.50%.

About DENTSPLY SIRONA

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.