Envista (NYSE:NVST) Stock Gets Downgrade from Robert W. Baird

Envista (NYSE:NVST) was downgraded by analysts at Robert W. Baird from an “outperform” rating to a “hold” rating in a report issued on Thursday, MarketBeat Ratings reports. They currently have a $26.00 price target on the stock. Robert W. Baird’s price objective indicates a potential upside of 10.68% from the stock’s current price.

NVST has been the subject of a number of other reports. JPMorgan Chase & Co. raised Envista from a “neutral” rating to an “overweight” rating and lifted their price target for the stock from $29.00 to $32.00 in a report on Thursday, September 3rd. BMO Capital Markets dropped their price objective on Envista from $29.00 to $26.00 and set a “market perform” rating on the stock in a report on Monday, September 28th. Wall Street Zen cut Envista from a “strong-buy” rating to a “buy” rating in a research note on Saturday, September 5th. Leerink Partners decreased their target price on Envista from $35.00 to $32.00 and set an “outperform” rating for the company in a research note on Wednesday. Finally, Needham & Company LLC reaffirmed a “hold” rating on shares of Envista in a report on Friday, September 18th. Six research analysts have rated the stock with a Buy rating and eleven have assigned a Hold rating to the company. Based on data from MarketBeat, the company has a consensus rating of “Hold” and a consensus price target of $28.86.

Envista Trading Up 2.9%

NYSE NVST opened at $23.49 on Thursday. Envista has a 52 week low of $18.77 and a 52 week high of $30.42. The firm has a 50 day moving average of $25.56 and a two-hundred day moving average of $25.65. The company has a quick ratio of 2.07, a current ratio of 2.43 and a debt-to-equity ratio of 0.47. The stock has a market capitalization of $3.77 billion, a PE ratio of 40.50, a price-to-earnings-growth ratio of 1.16 and a beta of 0.89.

Envista (NYSE:NVST) last announced its quarterly earnings data on Wednesday, August 5th. The company reported $0.41 earnings per share for the quarter, beating analysts’ consensus estimates of $0.34 by $0.07. The business had revenue of $730.50 million for the quarter, compared to analyst estimates of $716.11 million. Envista had a net margin of 3.33% and a return on equity of 7.88%. The company’s revenue was up 7.1% on a year-over-year basis. During the same period last year, the business earned $0.26 EPS. Envista has set its FY 2026 guidance at 1.500-1.550 EPS. As a group, research analysts expect that Envista will post 1.53 EPS for the current fiscal year.

Insider Activity at Envista

In other news, SVP Mischa Reis sold 8,000 shares of Envista stock in a transaction dated Thursday, August 20th. The stock was sold at an average price of $27.50, for a total transaction of $220,000.00. Following the sale, the senior vice president owned 27,321 shares in the company, valued at approximately $751,327.50. The trade was a 22.65% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Company insiders own 0.99% of the company’s stock.

Institutional Trading of Envista

Large investors have recently made changes to their positions in the company. Dimensional Fund Advisors LP increased its position in Envista by 1.6% during the first quarter. Dimensional Fund Advisors LP now owns 9,780,948 shares of the company’s stock worth $248,130,000 after buying an additional 152,488 shares during the period. Arrowstreet Capital Limited Partnership boosted its holdings in shares of Envista by 341.5% in the first quarter. Arrowstreet Capital Limited Partnership now owns 2,858,293 shares of the company’s stock valued at $72,515,000 after acquiring an additional 2,210,847 shares during the period. Quantinno Capital Management LP boosted its holdings in shares of Envista by 38.8% in the first quarter. Quantinno Capital Management LP now owns 2,694,970 shares of the company’s stock valued at $68,371,000 after acquiring an additional 753,474 shares during the period. Wellington Management Group LLP grew its position in shares of Envista by 2,662.1% during the second quarter. Wellington Management Group LLP now owns 1,686,415 shares of the company’s stock worth $44,437,000 after acquiring an additional 1,625,360 shares during the last quarter. Finally, Bank of New York Mellon Corp purchased a new position in shares of Envista during the second quarter worth approximately $37,316,000.

About Envista

Envista Holdings Corporation (NYSE: NVST) is a global dental-products and technologies company that develops, manufactures and markets equipment, consumables and digital solutions for dental professionals, laboratories and specialists. Its offerings support diagnosis, treatment planning, restorative dentistry, orthodontics, implant dentistry and related clinical procedures.

The company’s portfolio includes dental imaging systems and software, treatment units, handpieces, infection-control products, restorative materials, endodontic products, orthodontic brackets and aligners, dental implants, prosthetic components and laboratory solutions.