Renaissance Technologies LLC raised its position in DENTSPLY SIRONA Inc. (NASDAQ:XRAY) by 246.0% during the first quarter, Holdings Channel reports. The institutional investor owned 1,044,558 shares of the medical instruments supplier’s stock after buying an additional 742,700 shares during the period. Renaissance Technologies LLC’s holdings in DENTSPLY SIRONA were worth $65,222,000 at the end of the most recent quarter.
A number of other institutional investors have also added to or reduced their stakes in XRAY. Foresters Investment Management Company Inc. raised its position in DENTSPLY SIRONA by 0.3% in the fourth quarter. Foresters Investment Management Company Inc. now owns 79,000 shares of the medical instruments supplier’s stock worth $4,680,000 after buying an additional 200 shares in the last quarter. LaFleur & Godfrey LLC acquired a new position in DENTSPLY SIRONA during the first quarter worth approximately $3,323,000. Kayne Anderson Rudnick Investment Management LLC raised its position in DENTSPLY SIRONA by 4.3% in the first quarter. Kayne Anderson Rudnick Investment Management LLC now owns 673,830 shares of the medical instruments supplier’s stock worth $42,074,000 after buying an additional 27,860 shares in the last quarter. Farmers & Merchants Investments Inc. raised its position in DENTSPLY SIRONA by 3.6% in the first quarter. Farmers & Merchants Investments Inc. now owns 94,521 shares of the medical instruments supplier’s stock worth $5,902,000 after buying an additional 3,300 shares in the last quarter. Finally, Scott & Selber Inc. acquired a new position in DENTSPLY SIRONA during the first quarter worth approximately $1,527,000. 95.29% of the stock is currently owned by institutional investors and hedge funds.
DENTSPLY SIRONA Inc. (NASDAQ XRAY) traded up 0.17% during midday trading on Friday, reaching $63.94. 235,733 shares of the company traded hands. The stock’s 50 day moving average is $63.23 and its 200 day moving average is $61.17. The company has a market capitalization of $14.66 billion, a price-to-earnings ratio of 41.15 and a beta of 1.25. DENTSPLY SIRONA Inc. has a one year low of $55.00 and a one year high of $65.68.
DENTSPLY SIRONA (NASDAQ:XRAY) last issued its quarterly earnings results on Tuesday, May 9th. The medical instruments supplier reported $0.49 EPS for the quarter, missing analysts’ consensus estimates of $0.50 by $0.01. DENTSPLY SIRONA had a net margin of 9.42% and a return on equity of 7.37%. The business had revenue of $900.50 million for the quarter, compared to the consensus estimate of $916.55 million. During the same quarter in the previous year, the business earned $0.69 earnings per share. The firm’s revenue was up 16.6% on a year-over-year basis. On average, equities analysts anticipate that DENTSPLY SIRONA Inc. will post $2.84 earnings per share for the current year.
The firm also recently declared a quarterly dividend, which will be paid on Friday, July 14th. Shareholders of record on Friday, June 30th will be given a dividend of $0.0875 per share. This represents a $0.35 dividend on an annualized basis and a yield of 0.55%. The ex-dividend date of this dividend is Wednesday, June 28th. DENTSPLY SIRONA’s payout ratio is currently 22.58%.
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XRAY has been the topic of a number of recent research reports. Zacks Investment Research lowered shares of DENTSPLY SIRONA from a “hold” rating to a “sell” rating in a research report on Thursday, April 6th. Goldman Sachs Group, Inc. (The) lowered shares of DENTSPLY SIRONA from a “neutral” rating to a “sell” rating and decreased their target price for the company from $60.00 to $55.00 in a report on Tuesday, May 23rd. BidaskClub lowered shares of DENTSPLY SIRONA from a “buy” rating to a “hold” rating in a report on Saturday, June 10th. Finally, Cleveland Research raised shares of DENTSPLY SIRONA from a “neutral” rating to a “buy” rating in a report on Tuesday, May 23rd. One investment analyst has rated the stock with a sell rating, four have given a hold rating and eight have issued a buy rating to the company. DENTSPLY SIRONA currently has a consensus rating of “Buy” and a consensus price target of $66.44.
In other DENTSPLY SIRONA news, CEO James G. Mosch sold 50,600 shares of the stock in a transaction that occurred on Monday, April 24th. The shares were sold at an average price of $63.49, for a total transaction of $3,212,594.00. Following the transaction, the chief executive officer now directly owns 105,083 shares in the company, valued at $6,671,719.67. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, CEO Christopher T. Clark sold 89,700 shares of the stock in a transaction that occurred on Friday, April 7th. The shares were sold at an average price of $62.67, for a total transaction of $5,621,499.00. Following the transaction, the chief executive officer now owns 112,067 shares in the company, valued at $7,023,238.89. The disclosure for this sale can be found here. 1.99% of the stock is owned by company insiders.
DENTSPLY SIRONA Company Profile
DENTSPLY SIRONA Inc is a manufacturer of professional dental products and technologies. The Company develops, manufactures, and markets solutions offering, including dental and oral health products, as well as other consumable medical devices. It operates through two segments: Dental and Healthcare Consumables, and Technologies.
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