DENTSPLY SIRONA Inc. (NASDAQ:XRAY) Given Average Rating of “Hold” by Brokerages

DENTSPLY SIRONA Inc. (NASDAQ:XRAY) has received an average rating of “Hold” from the thirteen ratings firms that are currently covering the stock, MarketBeat.com reports. Nine analysts have rated the stock with a hold rating and four have assigned a buy rating to the company. The average 1 year target price among analysts that have covered the stock in the last year is $26.33.

Several equities analysts recently issued reports on XRAY shares. Barrington Research reduced their price objective on DENTSPLY SIRONA from $36.00 to $24.00 and set an “outperform” rating for the company in a report on Friday, November 8th. StockNews.com raised DENTSPLY SIRONA from a “hold” rating to a “buy” rating in a research report on Friday. Jefferies Financial Group cut shares of DENTSPLY SIRONA from a “buy” rating to a “hold” rating and reduced their target price for the stock from $30.00 to $20.00 in a research report on Thursday, January 23rd. Mizuho assumed coverage on DENTSPLY SIRONA in a research note on Wednesday, December 4th. They set a “neutral” rating and a $21.00 price objective for the company. Finally, Leerink Partnrs downgraded shares of DENTSPLY SIRONA from a “strong-buy” rating to a “hold” rating in a research report on Thursday, November 7th.

DENTSPLY SIRONA Price Performance

DENTSPLY SIRONA stock opened at $18.46 on Tuesday. The company has a debt-to-equity ratio of 0.72, a quick ratio of 0.84 and a current ratio of 1.25. DENTSPLY SIRONA has a 1-year low of $17.21 and a 1-year high of $34.91. The stock’s 50 day moving average price is $19.09 and its 200 day moving average price is $22.13.

DENTSPLY SIRONA Announces Dividend

The company also recently disclosed a quarterly dividend, which was paid on Friday, January 10th. Investors of record on Friday, December 27th were issued a dividend of $0.16 per share. This represents a $0.64 annualized dividend and a dividend yield of 3.47%. The ex-dividend date of this dividend was Friday, December 27th. DENTSPLY SIRONA’s dividend payout ratio is currently -30.92%.

Hedge Funds Weigh In On DENTSPLY SIRONA

Large investors have recently bought and sold shares of the stock. UMB Bank n.a. raised its stake in DENTSPLY SIRONA by 430.3% during the 3rd quarter. UMB Bank n.a. now owns 928 shares of the medical instruments supplier’s stock valued at $25,000 after purchasing an additional 753 shares during the last quarter. Capital Performance Advisors LLP acquired a new position in shares of DENTSPLY SIRONA in the 3rd quarter valued at $27,000. Kennebec Savings Bank acquired a new position in shares of DENTSPLY SIRONA in the 3rd quarter valued at $35,000. Riverview Trust Co acquired a new position in shares of DENTSPLY SIRONA in the 4th quarter valued at $26,000. Finally, MassMutual Private Wealth & Trust FSB raised its stake in shares of DENTSPLY SIRONA by 648.4% in the 4th quarter. MassMutual Private Wealth & Trust FSB now owns 1,422 shares of the medical instruments supplier’s stock valued at $27,000 after buying an additional 1,232 shares in the last quarter. 95.70% of the stock is currently owned by institutional investors and hedge funds.

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.