Envista Holdings Corporation $NVST Shares Bought by Charles Schwab Investment Management Inc.

Charles Schwab Investment Management Inc. grew its position in Envista Holdings Corporation (NYSE:NVST - Free Report) by 2.5% during the 1st quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 2,375,109 shares of the company's stock after purchasing an additional 57,478 shares during the period. Charles Schwab Investment Management Inc. owned approximately 1.40% of Envista worth $40,994,000 as of its most recent SEC filing.

Other hedge funds and other institutional investors have also modified their holdings of the company. UMB Bank n.a. lifted its stake in shares of Envista by 214.4% in the 1st quarter. UMB Bank n.a. now owns 2,094 shares of the company's stock valued at $36,000 after purchasing an additional 1,428 shares in the last quarter. Palouse Capital Management Inc. lifted its stake in shares of Envista by 14.4% in the 1st quarter. Palouse Capital Management Inc. now owns 9,444 shares of the company's stock valued at $163,000 after purchasing an additional 1,186 shares in the last quarter. FourThought Financial Partners LLC acquired a new position in shares of Envista in the 1st quarter valued at about $180,000. Vestcor Inc acquired a new position in shares of Envista in the 1st quarter valued at about $211,000. Finally, Tower Research Capital LLC TRC lifted its stake in shares of Envista by 51.3% in the 4th quarter. Tower Research Capital LLC TRC now owns 11,057 shares of the company's stock valued at $213,000 after purchasing an additional 3,751 shares in the last quarter.

Wall Street Analyst Weigh In

Several brokerages recently commented on NVST. Wall Street Zen upgraded Envista from a "buy" rating to a "strong-buy" rating in a report on Saturday, August 2nd. Robert W. Baird upgraded Envista from a "neutral" rating to an "outperform" rating and raised their target price for the company from $21.00 to $23.00 in a report on Tuesday, May 27th. Wells Fargo & Company raised their target price on Envista from $17.00 to $19.00 and gave the company an "equal weight" rating in a report on Friday, August 1st. Stifel Nicolaus lifted their price objective on Envista from $24.00 to $25.00 and gave the stock a "buy" rating in a report on Friday, August 1st. Finally, Baird R W upgraded Envista from a "hold" rating to a "strong-buy" rating in a report on Tuesday, May 27th. One investment analyst has rated the stock with a Strong Buy rating, four have assigned a Buy rating, nine have assigned a Hold rating and one has assigned a Sell rating to the stock. According to MarketBeat, the company presently has a consensus rating of "Hold" and a consensus target price of $20.92.

Envista Stock Up 5.6%

NVST stock traded up $1.14 during midday trading on Friday, hitting $21.60. 257,711 shares of the company's stock were exchanged, compared to its average volume of 2,564,903. 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 Holdings Corporation has a 12-month low of $14.22 and a 12-month high of $23.00. The firm has a 50 day moving average price of $19.97 and a 200-day moving average price of $18.60. The stock has a market capitalization of $3.59 billion, a price-to-earnings ratio of 67.41, a price-to-earnings-growth ratio of 1.11 and a beta of 1.00.

Envista (NYSE:NVST - Get Free Report) last issued its earnings results on Thursday, July 31st. The company reported $0.26 EPS for the quarter, topping the consensus estimate of $0.24 by $0.02. The company had revenue of $682.10 million during the quarter, compared to analyst estimates of $638.21 million. Envista had a return on equity of 4.84% and a net margin of 2.11%.The business's revenue was up 7.7% on a year-over-year basis. During the same quarter last year, the firm earned $0.11 EPS. Envista has set its FY 2025 guidance at 1.050-1.15 EPS. On average, analysts anticipate that Envista Holdings Corporation will post 1 EPS for the current year.

Envista Company Profile

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.