5,991 Shares in DENTSPLY SIRONA Inc. (NASDAQ:XRAY) Purchased by Commerce Bank

Commerce Bank acquired a new position in shares of DENTSPLY SIRONA Inc. (NASDAQ:XRAY – Free Report) during the 1st quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund acquired 5,991 shares of the medical instruments supplier’s stock, valued at approximately $235,000.

Several other hedge funds have also bought and sold shares of the business. Quadrant Capital Group LLC raised its holdings in DENTSPLY SIRONA by 311.2% in the fourth quarter. Quadrant Capital Group LLC now owns 847 shares of the medical instruments supplier’s stock worth $27,000 after buying an additional 641 shares during the last quarter. CI Investments Inc. raised its holdings in DENTSPLY SIRONA by 49.3% in the fourth quarter. CI Investments Inc. now owns 1,339 shares of the medical instruments supplier’s stock worth $43,000 after buying an additional 442 shares during the last quarter. Parkside Financial Bank & Trust raised its holdings in DENTSPLY SIRONA by 163.7% in the first quarter. Parkside Financial Bank & Trust now owns 915 shares of the medical instruments supplier’s stock worth $46,000 after buying an additional 568 shares during the last quarter. Ellevest Inc. raised its holdings in DENTSPLY SIRONA by 61.7% in the first quarter. Ellevest Inc. now owns 1,510 shares of the medical instruments supplier’s stock worth $59,000 after buying an additional 576 shares during the last quarter. Finally, Bessemer Group Inc. raised its holdings in DENTSPLY SIRONA by 47.0% in the fourth quarter. Bessemer Group Inc. now owns 1,846 shares of the medical instruments supplier’s stock worth $59,000 after buying an additional 590 shares during the last quarter. Institutional investors own 99.68% of the company’s stock.

Analyst Ratings Changes

Several research analysts have issued reports on the stock. StockNews.com raised shares of DENTSPLY SIRONA from a “hold” rating to a “buy” rating in a report on Thursday, July 13th. Robert W. Baird boosted their price objective on shares of DENTSPLY SIRONA from $36.00 to $46.00 in a report on Thursday, May 4th. Stifel Nicolaus boosted their price objective on shares of DENTSPLY SIRONA from $37.00 to $41.00 in a report on Thursday, May 4th. Barrington Research reissued an “outperform” rating and set a $51.00 price objective on shares of DENTSPLY SIRONA in a report on Friday, August 4th. Finally, UBS Group boosted their price objective on shares of DENTSPLY SIRONA from $43.00 to $46.00 in a report on Friday, May 5th. Three investment analysts have rated the stock with a hold rating and three have given a buy rating to the company’s stock. According to MarketBeat, DENTSPLY SIRONA currently has an average rating of “Moderate Buy” and a consensus target price of $42.13.

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DENTSPLY SIRONA Stock Up 0.2 %

Shares of NASDAQ XRAY opened at $38.53 on Friday. The firm has a 50 day moving average of $39.66 and a 200 day moving average of $38.90. The company has a debt-to-equity ratio of 0.50, a quick ratio of 0.99 and a current ratio of 1.51. DENTSPLY SIRONA Inc. has a 12-month low of $26.48 and a 12-month high of $43.24.

DENTSPLY SIRONA (NASDAQ:XRAY – Get Free Report) last announced its earnings results on Wednesday, August 2nd. The medical instruments supplier reported $0.51 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.43 by $0.08. The company had revenue of $1.03 billion during the quarter, compared to analyst estimates of $998.98 million. DENTSPLY SIRONA had a negative net margin of 26.04% and a positive return on equity of 10.29%. The firm’s revenue for the quarter was up .5% compared to the same quarter last year. Sell-side analysts expect that DENTSPLY SIRONA Inc. will post 1.97 earnings per share for the current fiscal year.

DENTSPLY SIRONA Announces Dividend

The company also recently declared a quarterly dividend, which will be paid on Friday, October 13th. Shareholders of record on Friday, September 29th will be given a $0.14 dividend. The ex-dividend date of this dividend is Thursday, September 28th. This represents a $0.56 dividend on an annualized basis and a dividend yield of 1.45%. DENTSPLY SIRONA’s payout ratio is currently -11.74%.

DENTSPLY SIRONA Company Profile

(Free Report)

DENTSPLY SIRONA Inc manufactures and sells various dental products and technologies for professional dental market worldwide. The company operates through two segments, Technologies & Equipment, and Consumables. The Technologies & Equipment segment provides dental equipment, such as treatment centers, imaging equipment, motorized dental handpieces, and other instruments for dental practitioners and specialists; dental CAD/CAM technologies for dental offices to support various digital dental procedures, including dental restorations; dentist-directed aligner solutions, SureSmile, and direct-to-consumer clear aligner solutions, as well as high frequency vibration technology device; implants; and urology catheters and other healthcare-related consumable products.