DENTSPLY SIRONA (NASDAQ:XRAY) Lowered to “Hold” Rating by StockNews.com

StockNews.com cut shares of DENTSPLY SIRONA (NASDAQ:XRAY) from a buy rating to a hold rating in a research note published on Friday.

Other equities research analysts also recently issued research reports about the stock. Leerink Partnrs downgraded shares of DENTSPLY SIRONA from a “strong-buy” rating to a “hold” rating in a research note on Thursday, November 7th. Needham & Company LLC decreased their price target on shares of DENTSPLY SIRONA from $25.00 to $23.00 and set a “buy” rating on the stock in a research note on Friday. Morgan Stanley decreased their price target on shares of DENTSPLY SIRONA from $30.00 to $23.00 and set an “overweight” rating on the stock in a research note on Tuesday, December 17th. Wells Fargo & Company decreased their price target on shares of DENTSPLY SIRONA from $20.00 to $19.00 and set an “equal weight” rating on the stock in a research note on Friday. Finally, Jefferies Financial Group downgraded shares of DENTSPLY SIRONA from a “buy” rating to a “hold” rating and decreased their price target for the stock from $30.00 to $20.00 in a research note on Thursday, January 23rd. Eleven equities research analysts have rated the stock with a hold rating and four have assigned a buy rating to the stock. Based on data from MarketBeat, DENTSPLY SIRONA presently has an average rating of “Hold” and an average target price of $23.58.

DENTSPLY SIRONA Trading Down 3.5 %

Shares of DENTSPLY SIRONA stock opened at $16.55 on Friday. DENTSPLY SIRONA has a 1 year low of $16.21 and a 1 year high of $34.91. The company has a current ratio of 1.25, a quick ratio of 0.84 and a debt-to-equity ratio of 0.72. The company’s fifty day simple moving average is $18.88 and its 200-day simple moving average is $21.55. The company has a market cap of $3.29 billion, a price-to-earnings ratio of -8.00, a PEG ratio of 1.80 and a beta of 0.96.

DENTSPLY SIRONA Announces Dividend

The firm also recently declared a quarterly dividend, which will be paid on Friday, April 11th. Investors of record on Friday, March 28th will be issued a $0.16 dividend. The ex-dividend date of this dividend is Friday, March 28th. This represents a $0.64 dividend on an annualized basis and a dividend yield of 3.87%. DENTSPLY SIRONA’s dividend payout ratio is -30.92%.

Institutional Trading of DENTSPLY SIRONA

Several institutional investors and hedge funds have recently added to or reduced their stakes in XRAY. Riverview Trust Co bought a new stake in DENTSPLY SIRONA during the 4th quarter worth about $26,000. Colonial Trust Co SC bought a new stake in DENTSPLY SIRONA during the 4th quarter worth about $26,000. Capital Performance Advisors LLP bought a new stake in DENTSPLY SIRONA during the 3rd quarter worth about $27,000. MassMutual Private Wealth & Trust FSB raised its holdings in DENTSPLY SIRONA by 648.4% during the 4th quarter. MassMutual Private Wealth & Trust FSB now owns 1,422 shares of the medical instruments supplier’s stock worth $27,000 after purchasing an additional 1,232 shares during the last quarter. Finally, UMB Bank n.a. raised its holdings in DENTSPLY SIRONA by 60.8% during the 4th quarter. UMB Bank n.a. now owns 1,492 shares of the medical instruments supplier’s stock worth $28,000 after purchasing an additional 564 shares during the last quarter. 95.70% of the stock is owned by institutional investors.

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.