Deutsche Bank AG Takes $9.48 Million Position in Envista Holdings Corporation $NVST

Key Points

• Deutsche Bank acquired 359,824 Envista shares worth approximately $9.48 million, representing about 0.22% of the company. Several other institutional investors also increased or initiated positions.
• Analyst sentiment remains positive overall, with Envista carrying a consensus “Moderate Buy” rating and an average price target of $29.31; ratings include one Strong Buy, six Buys, and nine Holds.
• Envista exceeded quarterly expectations, reporting $0.41 in EPS versus the $0.34 estimate and revenue of $730.5 million versus $716.1 million expected. Revenue rose 7.1% year over year, while full-year EPS guidance is $1.50–$1.55.

Deutsche Bank AG purchased a new position in Envista Holdings Corporation (NYSE:NVST - Free Report) in the 2nd quarter, according to the company in its most recent disclosure with the SEC. The fund purchased 359,824 shares of the company's stock, valued at approximately $9,481,000. Deutsche Bank AG owned about 0.22% of Envista at the end of the most recent reporting period.

Other institutional investors also recently bought and sold shares of the company. GSA Capital Partners LLP purchased a new position in Envista in the second quarter worth about $2,039,000. Dimensional Fund Advisors LP grew its holdings 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. purchased a new stake in shares of Envista during the first quarter valued at approximately $4,268,000. Principal Financial Group Inc. increased its position in shares of Envista by 36.8% during the first quarter. Principal Financial Group Inc. now owns 483,983 shares of the company's stock valued at $12,279,000 after acquiring an additional 130,237 shares in the last quarter. Finally, Intech Investment Management LLC bought a new stake in shares of Envista during the fourth quarter valued at approximately $2,501,000.

Analyst Upgrades and Downgrades

A number of brokerages recently weighed in on NVST. JPMorgan Chase & Co. boosted their price objective on shares of Envista from $26.00 to $29.00 and gave the stock a "neutral" rating in a report on Thursday, May 7th. BMO Capital Markets began coverage on Envista in a research note on Wednesday, July 8th. They set a "market perform" rating and a $27.00 target price on the stock. Barclays reduced their target price on Envista from $34.00 to $32.00 and set an "overweight" rating for the company in a report on Thursday, June 11th. Weiss Ratings raised Envista from a "hold (c-)" rating to a "hold (c)" rating in a report on Thursday, August 6th. Finally, Wall Street Zen raised Envista from a "buy" rating to a "strong-buy" rating in a research report on Saturday. One equities research analyst has rated the stock with a Strong Buy rating, six have issued a Buy rating and nine have given a Hold rating to the company's stock. Based on data from MarketBeat, Envista has a consensus rating of "Moderate Buy" and an average price target of $29.31.

Envista Stock Up 0.0%

Shares of Envista stock opened at $27.21 on Monday. Envista Holdings Corporation has a twelve month low of $18.77 and a twelve month high of $30.42. The company has a quick ratio of 2.07, a current ratio of 2.43 and a debt-to-equity ratio of 0.47. The company's 50 day moving average is $26.90 and its 200 day moving average is $26.30. The company has a market cap of $4.37 billion, a price-to-earnings ratio of 46.91, a price-to-earnings-growth ratio of 1.30 and a beta of 0.86.

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

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