DENTSPLY SIRONA (NASDAQ:XRAY) Hits New 52-Week Low at $24.47

DENTSPLY SIRONA Inc. (NASDAQ:XRAY)’s share price hit a new 52-week low during trading on Tuesday . The company traded as low as $24.47 and last traded at $24.49, with a volume of 1905004 shares. The stock had previously closed at $24.63.

Wall Street Analyst Weigh In

XRAY has been the subject of a number of recent research reports. Barrington Research reduced their target price on shares of DENTSPLY SIRONA from $41.00 to $38.00 and set an “outperform” rating for the company in a report on Friday, May 3rd. Needham & Company LLC reduced their target price on shares of DENTSPLY SIRONA from $42.00 to $36.00 and set a “buy” rating for the company in a report on Friday, May 3rd. Evercore ISI dropped their price target on DENTSPLY SIRONA from $35.00 to $28.00 and set an “outperform” rating on the stock in a research note on Tuesday, June 25th. StockNews.com lowered DENTSPLY SIRONA from a “buy” rating to a “hold” rating in a research note on Friday, May 3rd. Finally, Piper Sandler restated a “neutral” rating and set a $32.00 price target (down previously from $35.00) on shares of DENTSPLY SIRONA in a research note on Friday, May 3rd. Five investment analysts have rated the stock with a hold rating and seven have given a buy rating to the stock. According to MarketBeat, DENTSPLY SIRONA has an average rating of “Moderate Buy” and an average target price of $34.44.

DENTSPLY SIRONA Price Performance

The company has a market capitalization of $5.07 billion, a price-to-earnings ratio of -55.98, a P/E/G ratio of 1.11 and a beta of 1.01. The stock has a fifty day simple moving average of $27.61 and a 200-day simple moving average of $31.64. The company has a debt-to-equity ratio of 0.54, a current ratio of 1.43 and a quick ratio of 0.97.

DENTSPLY SIRONA (NASDAQ:XRAY) last announced its earnings results on Thursday, May 2nd. The medical instruments supplier reported $0.42 earnings per share for the quarter, hitting the consensus estimate of $0.42. The business had revenue of $953.00 million during the quarter, compared to the consensus estimate of $969.45 million. DENTSPLY SIRONA had a positive return on equity of 11.54% and a negative net margin of 2.41%. The business’s quarterly revenue was down 2.6% on a year-over-year basis. During the same period in the prior year, the company posted $0.39 EPS. On average, equities research analysts anticipate that DENTSPLY SIRONA Inc. will post 2.02 EPS for the current year.

DENTSPLY SIRONA Dividend Announcement

The company also recently disclosed a quarterly dividend, which will be paid on Friday, July 12th. Investors of record on Friday, June 28th will be paid a $0.16 dividend. This represents a $0.64 annualized dividend and a yield of 2.62%. The ex-dividend date is Friday, June 28th. DENTSPLY SIRONA’s dividend payout ratio is currently -145.45%.

Insider Activity at DENTSPLY SIRONA

In other news, Director Gregory T. Lucier acquired 3,577 shares of DENTSPLY SIRONA stock in a transaction that occurred on Friday, May 31st. The stock was purchased at an average cost of $27.95 per share, with a total value of $99,977.15. Following the purchase, the director now owns 58,374 shares in the company, valued at $1,631,553.30. The purchase was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this link. 0.52% of the stock is owned by corporate insiders.

Institutional Trading of DENTSPLY SIRONA

Large investors have recently added to or reduced their stakes in the stock. Bar Harbor Wealth Management purchased a new stake in DENTSPLY SIRONA in the 4th quarter valued at $4,931,000. DAVENPORT & Co LLC purchased a new position in shares of DENTSPLY SIRONA during the 4th quarter worth $1,220,000. Dimensional Fund Advisors LP grew its holdings in shares of DENTSPLY SIRONA by 10.3% during the 4th quarter. Dimensional Fund Advisors LP now owns 2,122,355 shares of the medical instruments supplier’s stock worth $75,535,000 after purchasing an additional 197,431 shares during the period. Power Corp of Canada purchased a new position in shares of DENTSPLY SIRONA during the 4th quarter worth $4,380,000. Finally, Generation Investment Management LLP grew its holdings in shares of DENTSPLY SIRONA by 43.4% during the 4th quarter. Generation Investment Management LLP now owns 6,598,211 shares of the medical instruments supplier’s stock worth $234,830,000 after purchasing an additional 1,998,012 shares during the period. 95.70% of the stock is currently owned by hedge funds and other institutional investors.

About DENTSPLY SIRONA

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.