Envista Holdings Co. (NYSE:NVST) Shares Sold by Centerstone Investors LLC

Centerstone Investors LLC lessened its stake in shares of Envista Holdings Co. (NYSE:NVST - Free Report) by 27.8% during the fourth quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor owned 57,119 shares of the company's stock after selling 21,970 shares during the quarter. Envista accounts for 1.6% of Centerstone Investors LLC's investment portfolio, making the stock its 23rd biggest position. Centerstone Investors LLC's holdings in Envista were worth $1,102,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Several other institutional investors and hedge funds also recently modified their holdings of the stock. Ariel Investments LLC increased its stake in Envista by 6.2% during the 4th quarter. Ariel Investments LLC now owns 12,059,624 shares of the company's stock worth $232,630,000 after buying an additional 699,625 shares during the period. Franklin Resources Inc. grew its stake in shares of Envista by 72.6% during the fourth quarter. Franklin Resources Inc. now owns 6,854,506 shares of the company's stock valued at $132,223,000 after acquiring an additional 2,882,844 shares in the last quarter. Dimensional Fund Advisors LP increased its position in shares of Envista by 19.2% during the fourth quarter. Dimensional Fund Advisors LP now owns 6,762,091 shares of the company's stock worth $130,440,000 after acquiring an additional 1,089,923 shares during the last quarter. Gates Capital Management Inc. increased its position in shares of Envista by 15.1% during the fourth quarter. Gates Capital Management Inc. now owns 4,694,148 shares of the company's stock worth $90,550,000 after acquiring an additional 615,577 shares during the last quarter. Finally, Massachusetts Financial Services Co. MA lifted its stake in shares of Envista by 9.5% in the fourth quarter. Massachusetts Financial Services Co. MA now owns 3,271,175 shares of the company's stock worth $63,101,000 after acquiring an additional 283,415 shares in the last quarter.

Analyst Ratings Changes

A number of equities research analysts have weighed in on the company. JPMorgan Chase & Co. lowered their price objective on Envista from $20.00 to $19.00 and set a "neutral" rating for the company in a research note on Thursday, March 6th. Robert W. Baird set a $21.00 price target on shares of Envista in a research report on Friday, May 2nd. UBS Group cut their price target on shares of Envista from $21.00 to $18.00 and set a "neutral" rating on the stock in a report on Monday, May 5th. Piper Sandler reduced their price objective on shares of Envista from $18.00 to $17.00 and set a "neutral" rating on the stock in a research note on Wednesday, April 30th. Finally, Morgan Stanley set a $16.00 target price on shares of Envista in a research report on Tuesday, April 15th. One investment analyst has rated the stock with a sell rating, ten have given a hold rating and three have assigned a buy rating to the company. According to MarketBeat.com, the stock currently has an average rating of "Hold" and an average target price of $20.08.

Envista Stock Performance

Shares of NVST stock opened at $16.84 on Friday. The business has a 50 day simple moving average of $16.57 and a 200 day simple moving average of $18.88. The company has a debt-to-equity ratio of 0.44, a current ratio of 2.04 and a quick ratio of 1.76. The firm has a market capitalization of $2.85 billion, a price-to-earnings ratio of -2.59, a price-to-earnings-growth ratio of 1.27 and a beta of 0.97. Envista Holdings Co. has a 12-month low of $14.22 and a 12-month high of $23.00.

Envista (NYSE:NVST - Get Free Report) last issued its quarterly earnings results on Thursday, May 1st. The company reported $0.24 EPS for the quarter, beating analysts' consensus estimates of $0.20 by $0.04. The company had revenue of $616.90 million for the quarter, compared to analyst estimates of $608.17 million. Envista had a positive return on equity of 3.86% and a negative net margin of 44.56%. The company's quarterly revenue was down 1.1% compared to the same quarter last year. During the same period last year, the company earned $0.26 earnings per share. On average, equities research analysts anticipate that Envista Holdings Co. 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.

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