Globeflex Capital L P Purchases Shares of 31,232 Envista Holdings Corporation $NVST

Globeflex Capital L P bought a new position in shares of Envista Holdings Corporation (NYSE:NVST) in the 2nd quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The fund bought 31,232 shares of the company’s stock, valued at approximately $823,000.

A number of other institutional investors have also added to or reduced their stakes in the business. Parallel Advisors LLC raised its holdings in shares of Envista by 13.1% in the 4th quarter. Parallel Advisors LLC now owns 3,175 shares of the company’s stock valued at $69,000 after acquiring an additional 367 shares in the last quarter. Bank of Montreal Can grew its holdings in shares of Envista by 1.4% during the fourth quarter. Bank of Montreal Can now owns 26,178 shares of the company’s stock worth $568,000 after purchasing an additional 372 shares in the last quarter. Sepio Capital LP grew its holdings in shares of Envista by 1.2% during the fourth quarter. Sepio Capital LP now owns 31,632 shares of the company’s stock worth $687,000 after purchasing an additional 374 shares in the last quarter. Deutsche Bank AG increased its position in shares of Envista by 2.9% in the fourth quarter. Deutsche Bank AG now owns 17,412 shares of the company’s stock worth $378,000 after purchasing an additional 484 shares during the last quarter. Finally, State of Michigan Retirement System increased its position in shares of Envista by 1.5% in the first quarter. State of Michigan Retirement System now owns 39,463 shares of the company’s stock worth $1,001,000 after purchasing an additional 600 shares during the last quarter.

Insider Buying and Selling at Envista

In other news, SVP Mischa Reis sold 8,000 shares of the company’s stock in a transaction on Thursday, August 20th. The shares were sold at an average price of $27.50, for a total value of $220,000.00. Following the completion of the sale, the senior vice president owned 27,321 shares of the company’s stock, valued at approximately $751,327.50. This represents a 22.65% decrease in their position. The sale 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. Insiders own 0.99% of the company’s stock.

Analyst Ratings Changes

NVST has been the subject of several research analyst reports. Piper Sandler reiterated a “neutral” rating and set a $28.00 target price (up from $26.00) on shares of Envista in a research report on Thursday, August 6th. Zacks Research raised shares of Envista from a “hold” rating to a “strong-buy” rating in a report on Friday, August 7th. Mizuho set a $29.00 price objective on shares of Envista in a research report on Thursday, August 6th. Morgan Stanley set a $23.00 price objective on shares of Envista in a report on Thursday, August 6th. Finally, Evercore reiterated an “outperform” rating and issued a $33.00 target price on shares of Envista in a research report on Thursday, May 7th. One research analyst has rated the stock with a Strong Buy rating, six have assigned a Buy rating and nine have given a Hold rating to the company’s stock. According to MarketBeat, the stock has an average rating of “Moderate Buy” and a consensus target price of $29.31.

Envista Stock Performance

Shares of NYSE NVST opened at $27.34 on Tuesday. The stock’s 50-day moving average is $26.95 and its 200 day moving average is $26.33. The stock has a market cap of $4.39 billion, a price-to-earnings ratio of 47.15, a P/E/G ratio of 1.30 and a beta of 0.86. Envista Holdings Corporation has a 1-year low of $18.77 and a 1-year high of $30.42. The company has a current ratio of 2.43, a quick ratio of 2.07 and a debt-to-equity ratio of 0.47.

Envista (NYSE:NVST) last issued its earnings results on Wednesday, August 5th. The company reported $0.41 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.34 by $0.07. Envista had a return on equity of 7.88% and a net margin of 3.33%.The business had revenue of $730.50 million during the quarter, compared to analyst estimates of $716.11 million. During the same quarter in the prior year, the firm earned $0.26 earnings per share. Envista’s revenue for the quarter was up 7.1% on a year-over-year basis. Envista has set its FY 2026 guidance at 1.500-1.550 EPS. On average, sell-side analysts anticipate that Envista Holdings Corporation will post 1.53 EPS for the current fiscal year.

Envista Company Profile

Envista Holdings Corporation is a global dental products company that develops, manufactures and markets a broad portfolio of dental consumables, equipment and technology solutions. Headquartered in Brea, California, Envista serves dental practitioners, specialists and laboratories in more than 150 countries. The company’s offerings span implant, orthodontic, endodontic and restorative product lines as well as digital imaging systems and practice management software.

Envista’s product brands include Nobel Biocare for dental implants and restorative solutions, Ormco for orthodontic appliances and treatment systems, Kerr for restorative and endodontic materials, KaVo for dental imaging and handpieces, and Vista for surgical drills and instruments.