DENTSPLY SIRONA Inc. (NASDAQ:XRAY) Shares Sold by Russell Investments Group Ltd.

Russell Investments Group Ltd. reduced its stake in DENTSPLY SIRONA Inc. (NASDAQ:XRAY - Free Report) by 6.7% during the 4th quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The firm owned 666,314 shares of the medical instruments supplier's stock after selling 47,935 shares during the period. Russell Investments Group Ltd. owned approximately 0.34% of DENTSPLY SIRONA worth $12,647,000 at the end of the most recent quarter.

A number of other large investors also recently bought and sold shares of XRAY. Riverview Trust Co acquired a new stake in shares of DENTSPLY SIRONA during the fourth quarter valued at about $26,000. MassMutual Private Wealth & Trust FSB boosted its position in shares of DENTSPLY SIRONA by 648.4% during the 4th quarter. MassMutual Private Wealth & Trust FSB now owns 1,422 shares of the medical instruments supplier's stock worth $27,000 after purchasing an additional 1,232 shares during the period. UMB Bank n.a. increased its holdings in DENTSPLY SIRONA by 60.8% in the 4th quarter. UMB Bank n.a. now owns 1,492 shares of the medical instruments supplier's stock valued at $28,000 after purchasing an additional 564 shares during the last quarter. Mitsubishi UFJ Asset Management Co. Ltd. raised its position in DENTSPLY SIRONA by 700.0% in the fourth quarter. Mitsubishi UFJ Asset Management Co. Ltd. now owns 1,792 shares of the medical instruments supplier's stock valued at $33,000 after purchasing an additional 1,568 shares during the period. Finally, Signaturefd LLC lifted its stake in DENTSPLY SIRONA by 513.3% during the fourth quarter. Signaturefd LLC now owns 4,428 shares of the medical instruments supplier's stock worth $84,000 after purchasing an additional 3,706 shares in the last quarter. Institutional investors and hedge funds own 95.70% of the company's stock.

Analyst Ratings Changes

A number of brokerages have recently weighed in on XRAY. Needham & Company LLC reaffirmed a "hold" rating on shares of DENTSPLY SIRONA in a research note on Thursday, March 13th. Evercore ISI reissued an "in-line" rating and issued a $20.00 price objective on shares of DENTSPLY SIRONA in a research note on Tuesday, January 7th. Wells Fargo & Company cut their target price on shares of DENTSPLY SIRONA from $20.00 to $19.00 and set an "equal weight" rating on the stock in a research note on Friday, February 28th. Jefferies Financial Group cut shares of DENTSPLY SIRONA from a "buy" rating to a "hold" rating and decreased their price target for the company from $30.00 to $20.00 in a research report on Thursday, January 23rd. Finally, Barrington Research cut their price objective on DENTSPLY SIRONA from $24.00 to $20.00 and set an "outperform" rating on the stock in a research report on Friday, February 28th. Thirteen equities research analysts have rated the stock with a hold rating and two have assigned a buy rating to the stock. According to MarketBeat.com, the company has a consensus rating of "Hold" and a consensus target price of $22.58.

DENTSPLY SIRONA Stock Up 0.3 %

Shares of NASDAQ XRAY traded up $0.04 during midday trading on Wednesday, hitting $12.59. 337,198 shares of the company's stock were exchanged, compared to its average volume of 2,939,736. The firm's fifty day simple moving average is $15.95 and its 200-day simple moving average is $18.96. The company has a market cap of $2.51 billion, a PE ratio of -6.09, a P/E/G ratio of 1.80 and a beta of 0.92. DENTSPLY SIRONA Inc. has a twelve month low of $12.16 and a twelve month high of $31.13. The company has a debt-to-equity ratio of 0.72, a current ratio of 1.25 and a quick ratio of 0.84.

DENTSPLY SIRONA Dividend Announcement

The business also recently announced a quarterly dividend, which was paid on Friday, April 11th. Stockholders of record on Friday, March 28th were issued a $0.16 dividend. This represents a $0.64 annualized dividend and a dividend yield of 5.09%. The ex-dividend date of this dividend was Friday, March 28th. DENTSPLY SIRONA's payout ratio is -14.07%.

Insider Activity at DENTSPLY SIRONA

In related news, Director Gregory T. Lucier purchased 15,142 shares of DENTSPLY SIRONA stock in a transaction that occurred on Monday, March 3rd. The stock was purchased at an average cost of $16.51 per share, with a total value of $249,994.42. Following the completion of the transaction, the director now directly owns 81,971 shares in the company, valued at approximately $1,353,341.21. The trade was a 22.66 % increase in their ownership of the stock. The acquisition was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Insiders own 0.52% of the company's stock.

DENTSPLY SIRONA Profile

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.