Envista Holdings Corporation $NVST Shares Sold by Strs Ohio

Strs Ohio decreased its stake in shares of Envista Holdings Corporation (NYSE:NVST) by 4.0% in the 2nd quarter, according to its most recent Form 13F filing with the SEC. The fund owned 79,691 shares of the company’s stock after selling 3,343 shares during the period. Strs Ohio’s holdings in Envista were worth $1,557,000 at the end of the most recent reporting period.

Several other institutional investors and hedge funds have also recently bought and sold shares of NVST. Teacher Retirement System of Texas increased its position in shares of Envista by 50.0% in the first quarter. Teacher Retirement System of Texas now owns 88,438 shares of the company’s stock worth $1,526,000 after acquiring an additional 29,469 shares in the last quarter. Principal Financial Group Inc. lifted its holdings in shares of Envista by 0.5% during the 1st quarter. Principal Financial Group Inc. now owns 396,548 shares of the company’s stock valued at $6,844,000 after acquiring an additional 2,008 shares in the last quarter. Bank of New York Mellon Corp lifted its holdings in shares of Envista by 21.1% during the 1st quarter. Bank of New York Mellon Corp now owns 1,650,098 shares of the company’s stock valued at $28,481,000 after acquiring an additional 287,564 shares in the last quarter. Envestnet Asset Management Inc. lifted its holdings in shares of Envista by 55.7% during the 1st quarter. Envestnet Asset Management Inc. now owns 200,708 shares of the company’s stock valued at $3,464,000 after acquiring an additional 71,828 shares in the last quarter. Finally, Crossmark Global Holdings Inc. lifted its holdings in shares of Envista by 208.4% during the 1st quarter. Crossmark Global Holdings Inc. now owns 35,751 shares of the company’s stock valued at $617,000 after acquiring an additional 24,159 shares in the last quarter.

Analyst Upgrades and Downgrades

Several equities analysts recently weighed in on NVST shares. Zacks Research lowered shares of Envista from a “strong-buy” rating to a “hold” rating in a report on Monday, September 15th. Morgan Stanley lifted their target price on shares of Envista from $16.00 to $17.00 and gave the company an “equal weight” rating in a report on Friday, August 1st. Robert W. Baird set a $27.00 target price on shares of Envista in a report on Friday. Wells Fargo & Company lifted their target price on shares of Envista from $17.00 to $19.00 and gave the company an “equal weight” rating in a report on Friday, August 1st. Finally, Wall Street Zen raised shares of Envista from a “buy” rating to a “strong-buy” rating in a report on Saturday. One analyst has rated the stock with a Strong Buy rating, four have assigned a Buy rating, eight have assigned a Hold rating and two have issued a Sell rating to the company’s stock. According to MarketBeat, Envista presently has a consensus rating of “Hold” and a consensus target price of $21.33.

Envista Price Performance

NVST opened at $20.17 on Wednesday. The company has a fifty day simple moving average of $20.48 and a 200 day simple moving average of $19.49. The firm has a market cap of $3.35 billion, a price-to-earnings ratio of 63.04, a PEG ratio of 1.09 and a beta of 1.01. Envista Holdings Corporation has a twelve month low of $14.22 and a twelve month high of $22.68. The company has a current ratio of 2.44, a quick ratio of 2.08 and a debt-to-equity ratio of 0.46.

Envista (NYSE:NVST) last announced its quarterly earnings data on Wednesday, October 29th. The company reported $0.32 earnings per share for the quarter, topping the consensus estimate of $0.27 by $0.05. The company had revenue of $669.90 million during the quarter, compared to analyst estimates of $639.49 million. Envista had a net margin of 2.11% and a return on equity of 4.84%. The firm’s revenue for the quarter was up 11.5% compared to the same quarter last year. During the same period last year, the business earned $0.12 EPS. Equities research analysts expect that Envista Holdings Corporation will post 1 EPS for the current fiscal year.

About Envista

Envista Holdings Corporation, together with its subsidiaries, develops, manufactures, markets, and sells dental products in the United States, China, and internationally. The company operates in two segments, Specialty Products & Technologies, and Equipment & Consumables. The Specialty Products & Technologies segment offers dental implant systems, guided surgery systems, biomaterials, and prefabricated and custom-built prosthetics to oral surgeons, prosthodontists and periodontists, and general dentist; and brackets and wires, tubes and bands, archwires, clear aligners, digital orthodontic treatments, retainers, and other orthodontic laboratory products.