Cookson Peirce & Co. Inc. Has $348,000 Stock Position in Envista Holdings Corporation $NVST

Cookson Peirce & Co. Inc. cut its holdings in shares of Envista Holdings Corporation (NYSE:NVST - Free Report) by 74.2% in the 2nd quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor owned 13,213 shares of the company's stock after selling 37,965 shares during the period. Cookson Peirce & Co. Inc.'s holdings in Envista were worth $348,000 at the end of the most recent reporting period.

A number of other institutional investors and hedge funds also recently made changes to their positions in the business. GSA Capital Partners LLP acquired a new position in Envista during the 2nd quarter valued at about $2,039,000. Pzena Investment Management LLC bought a new position in shares of Envista in the second quarter valued at approximately $30,494,000. Dimensional Fund Advisors LP boosted its position in shares of Envista by 1.6% during the first quarter. Dimensional Fund Advisors LP now owns 9,780,948 shares of the company's stock valued at $248,130,000 after buying an additional 152,488 shares during the last quarter. SummitTX Capital L.P. bought a new stake in Envista during the first quarter worth $4,268,000. Finally, Principal Financial Group Inc. raised its position in Envista by 36.8% in the 1st quarter. Principal Financial Group Inc. now owns 483,983 shares of the company's stock valued at $12,279,000 after buying an additional 130,237 shares during the last quarter.

Insider Activity

In related news, SVP Mischa Reis sold 8,000 shares of the stock in a transaction on Thursday, August 20th. The stock was sold at an average price of $27.50, for a total value of $220,000.00. Following the sale, the senior vice president owned 27,321 shares in the company, valued at approximately $751,327.50. This trade represents a 22.65% decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which is accessible through the SEC website. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Company insiders own 0.99% of the company's stock.

Analyst Upgrades and Downgrades

A number of research firms have issued reports on NVST. Zacks Research raised shares of Envista from a "hold" rating to a "strong-buy" rating in a report on Friday, August 7th. Robert W. Baird set a $34.00 price target on shares of Envista in a research report on Thursday, August 6th. Piper Sandler restated a "neutral" rating and set a $28.00 price target (up from $26.00) on shares of Envista in a report on Thursday, August 6th. Barclays cut their price target on shares of Envista from $34.00 to $32.00 and set an "overweight" rating on the stock in a report on Thursday, June 11th. Finally, JPMorgan Chase & Co. upped their price objective on shares of Envista from $26.00 to $29.00 and gave the stock a "neutral" rating in a research report on Thursday, May 7th. One research analyst has rated the stock with a Strong Buy rating, six have given a Buy rating and nine have issued a Hold rating to the stock. Based on data from MarketBeat.com, the company currently has a consensus rating of "Moderate Buy" and a consensus target price of $29.31.

Envista Stock Up 0.1%

NVST stock opened at $27.15 on Monday. The stock has a 50-day simple moving average of $27.12 and a two-hundred day simple moving average of $26.35. Envista Holdings Corporation has a twelve month low of $18.77 and a twelve month high of $30.42. The firm has a market capitalization of $4.36 billion, a PE ratio of 46.81, a PEG ratio of 1.29 and a beta of 0.86. The company has a quick ratio of 2.07, a current ratio of 2.43 and a debt-to-equity ratio of 0.47.

Envista (NYSE:NVST - Get Free Report) last issued its quarterly earnings data on Wednesday, August 5th. The company reported $0.41 EPS for the quarter, beating the consensus estimate of $0.34 by $0.07. Envista had a net margin of 3.33% and a return on equity of 7.88%. The company had revenue of $730.50 million during the quarter, compared to analysts' expectations of $716.11 million. During the same quarter in the previous year, the company 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, equities analysts predict that Envista Holdings Corporation will post 1.53 EPS for the current fiscal year.

About Envista

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.

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