Employees Retirement System of Texas Holds Stake in DENTSPLY SIRONA Inc. (XRAY)
Employees Retirement System of Texas continued to hold its position in shares of DENTSPLY SIRONA Inc. (NASDAQ:XRAY) during the 2nd quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 14,000 shares of the medical instruments supplier’s stock at the close of the 2nd quarter. Employees Retirement System of Texas’ holdings in DENTSPLY SIRONA were worth $908,000 as of its most recent filing with the Securities and Exchange Commission (SEC).
A number of other large investors have also recently added to or reduced their stakes in XRAY. BlackRock Inc. raised its holdings in DENTSPLY SIRONA by 3,103.7% in the 1st quarter. BlackRock Inc. now owns 13,891,329 shares of the medical instruments supplier’s stock valued at $867,376,000 after acquiring an additional 13,457,730 shares in the last quarter. Clearbridge Investments LLC raised its holdings in DENTSPLY SIRONA by 34.6% in the 1st quarter. Clearbridge Investments LLC now owns 5,258,060 shares of the medical instruments supplier’s stock valued at $328,313,000 after acquiring an additional 1,353,040 shares in the last quarter. Principal Financial Group Inc. raised its holdings in DENTSPLY SIRONA by 22.3% in the 2nd quarter. Principal Financial Group Inc. now owns 6,474,432 shares of the medical instruments supplier’s stock valued at $419,802,000 after acquiring an additional 1,181,547 shares in the last quarter. Point72 Asset Management L.P. acquired a new position in DENTSPLY SIRONA in the 1st quarter valued at $64,184,000. Finally, Renaissance Technologies LLC raised its holdings in DENTSPLY SIRONA by 246.0% in the 1st quarter. Renaissance Technologies LLC now owns 1,044,558 shares of the medical instruments supplier’s stock valued at $65,222,000 after acquiring an additional 742,700 shares in the last quarter. 93.87% of the stock is owned by institutional investors and hedge funds.
DENTSPLY SIRONA Inc. (NASDAQ XRAY) opened at 59.19 on Tuesday. The company has a 50-day moving average of $57.94 and a 200 day moving average of $61.07. DENTSPLY SIRONA Inc. has a one year low of $52.54 and a one year high of $65.68. The company’s market cap is $13.58 billion.
DENTSPLY SIRONA (NASDAQ:XRAY) last announced its earnings results on Wednesday, August 9th. The medical instruments supplier reported $0.65 earnings per share (EPS) for the quarter, meeting the Thomson Reuters’ consensus estimate of $0.65. DENTSPLY SIRONA had a negative net margin of 20.57% and a positive return on equity of 7.24%. The business had revenue of $992.70 million for the quarter, compared to analyst estimates of $1 billion. During the same quarter last year, the business earned $0.76 earnings per share. The company’s revenue for the quarter was down 2.9% compared to the same quarter last year. Analysts anticipate that DENTSPLY SIRONA Inc. will post $2.68 earnings per share for the current year.
Several equities analysts have weighed in on the company. HC Wainwright reaffirmed a “buy” rating and issued a $68.00 price objective (down from $74.00) on shares of DENTSPLY SIRONA in a report on Monday, August 14th. TheStreet cut DENTSPLY SIRONA from a “b” rating to a “c+” rating in a report on Wednesday, August 9th. Morgan Stanley lifted their price objective on DENTSPLY SIRONA from $66.00 to $67.00 and gave the company an “overweight” rating in a report on Thursday, August 10th. Zacks Investment Research raised DENTSPLY SIRONA from a “hold” rating to a “buy” rating and set a $72.00 price objective for the company in a report on Thursday, July 13th. Finally, BidaskClub lowered DENTSPLY SIRONA from a “buy” rating to a “hold” rating in a research note on Wednesday, July 19th. Two research analysts have rated the stock with a sell rating, four have issued a hold rating and five have given a buy rating to the stock. DENTSPLY SIRONA presently has a consensus rating of “Hold” and a consensus target price of $65.89.
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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