Envista Holdings Corporation $NVST Shares Bought by Dimensional Fund Advisors LP

Key Points

• Dimensional Fund Advisors LP increased its stake in Envista Holdings Corporation by 24.0% during the first quarter, now owning approximately 4.95% of the company valued at $144.76 million.
• Envista reported earnings of $0.26 per share for the last quarter, surpassing analysts' expectations and showing a revenue increase of 7.7% year-over-year.
• Analysts' ratings for Envista show a consensus of "Hold" with an average target price of $20.92, with various upgrades from firms like Robert W. Baird and Stifel Nicolaus.

Dimensional Fund Advisors LP raised its stake in shares of Envista Holdings Corporation (NYSE:NVST - Free Report) by 24.0% in the first quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The fund owned 8,387,297 shares of the company's stock after acquiring an additional 1,625,206 shares during the period. Dimensional Fund Advisors LP owned approximately 4.95% of Envista worth $144,760,000 as of its most recent SEC filing.

Several other large investors have also recently made changes to their positions in the stock. UMB Bank n.a. boosted its position in shares of Envista by 214.4% during the 1st quarter. UMB Bank n.a. now owns 2,094 shares of the company's stock worth $36,000 after purchasing an additional 1,428 shares during the period. Palouse Capital Management Inc. lifted its stake in Envista by 14.4% during the first quarter. Palouse Capital Management Inc. now owns 9,444 shares of the company's stock worth $163,000 after purchasing an additional 1,186 shares in the last quarter. FourThought Financial Partners LLC purchased a new position in shares of Envista during the first quarter worth $180,000. Vestcor Inc purchased a new position in shares of Envista during the first quarter worth $211,000. Finally, Tower Research Capital LLC TRC grew its stake in shares of Envista by 51.3% in the fourth quarter. Tower Research Capital LLC TRC now owns 11,057 shares of the company's stock valued at $213,000 after buying an additional 3,751 shares in the last quarter.

Envista Stock Performance

Shares of NVST opened at $20.7050 on Thursday. The stock has a 50-day simple moving average of $19.94 and a 200-day simple moving average of $18.60. The company has a debt-to-equity ratio of 0.46, a quick ratio of 2.08 and a current ratio of 2.44. Envista Holdings Corporation has a 1 year low of $14.22 and a 1 year high of $23.00. The stock has a market capitalization of $3.44 billion, a PE ratio of 64.71, a PEG 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 earnings per share for the quarter, beating the consensus estimate of $0.24 by $0.02. Envista had a net margin of 2.11% and a return on equity of 4.84%. The firm had revenue of $682.10 million for the quarter, compared to analysts' expectations of $638.21 million. During the same quarter last year, the company earned $0.11 earnings per share. The firm's revenue was up 7.7% compared to the same quarter last year. Envista has set its FY 2025 guidance at 1.050-1.15 EPS. On average, analysts predict that Envista Holdings Corporation will post 1 earnings per share for the current fiscal year.

Analyst Upgrades and Downgrades

Several equities analysts recently issued reports on the company. Robert W. Baird raised Envista from a "neutral" rating to an "outperform" rating and increased their target price for the stock from $21.00 to $23.00 in a research note on Tuesday, May 27th. Baird R W upgraded shares of Envista from a "hold" rating to a "strong-buy" rating in a research note on Tuesday, May 27th. Stifel Nicolaus increased their price target on shares of Envista from $24.00 to $25.00 and gave the stock a "buy" rating in a research report on Friday, August 1st. Morgan Stanley raised their price objective on shares of Envista from $16.00 to $17.00 and gave the company an "equal weight" rating in a research note on Friday, August 1st. Finally, Piper Sandler upped their target price on shares of Envista from $17.00 to $19.00 and gave the stock a "neutral" rating in a research note on Friday, August 1st. One analyst has rated the stock with a Strong Buy rating, four have assigned a Buy rating, nine have given a Hold rating and one has issued a Sell rating to the stock. According to MarketBeat, Envista currently has a consensus rating of "Hold" and an average target price of $20.92.

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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