New York State Common Retirement Fund Purchases 33,855 Shares of Envista Holdings Corporation (NYSE:NVST)

New York State Common Retirement Fund lifted its stake in Envista Holdings Corporation (NYSE:NVST - Free Report) by 8.1% during the 1st quarter, according to its most recent disclosure with the Securities & Exchange Commission. The firm owned 450,101 shares of the company's stock after buying an additional 33,855 shares during the quarter. New York State Common Retirement Fund owned about 0.27% of Envista worth $7,769,000 as of its most recent filing with the Securities & Exchange Commission.

Several other institutional investors have also recently made changes to their positions in the stock. UMB Bank n.a. lifted its position in shares of Envista by 214.4% in the first quarter. UMB Bank n.a. now owns 2,094 shares of the company's stock valued at $36,000 after acquiring an additional 1,428 shares in the last quarter. Mitsubishi UFJ Trust & Banking Corp purchased a new position in shares of Envista in the fourth quarter valued at about $86,000. Palouse Capital Management Inc. lifted its position in shares of Envista by 14.4% in the first quarter. Palouse Capital Management Inc. now owns 9,444 shares of the company's stock valued at $163,000 after acquiring an additional 1,186 shares in the last quarter. Tower Research Capital LLC TRC lifted its position 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 acquiring an additional 3,751 shares in the last quarter. Finally, Sterling Capital Management LLC lifted its position in shares of Envista by 53.9% in the fourth quarter. Sterling Capital Management LLC now owns 11,105 shares of the company's stock valued at $214,000 after acquiring an additional 3,888 shares in the last quarter.

Analyst Upgrades and Downgrades

Several brokerages have recently commented on NVST. Robert W. Baird upgraded Envista from a "neutral" rating to an "outperform" rating and boosted their price objective for the company from $21.00 to $23.00 in a research report on Tuesday, May 27th. Bank of America reduced their target price on Envista from $26.00 to $23.00 and set a "buy" rating on the stock in a report on Tuesday, April 29th. Piper Sandler cut their price target on Envista from $18.00 to $17.00 and set a "neutral" rating for the company in a report on Wednesday, April 30th. Baird R W upgraded Envista from a "hold" rating to a "strong-buy" rating in a report on Tuesday, May 27th. Finally, Evercore ISI raised their price target on Envista from $19.00 to $23.00 and gave the company an "outperform" rating in a report on Wednesday, July 9th. One investment analyst has rated the stock with a sell rating, nine have issued a hold rating, four have assigned a buy rating and one has assigned a strong buy rating to the stock. Based on data from MarketBeat, the company currently has a consensus rating of "Hold" and a consensus target price of $20.23.

Envista Trading Up 3.6%

NYSE NVST traded up $0.73 during trading hours on Wednesday, hitting $20.77. 2,143,706 shares of the company were exchanged, compared to its average volume of 2,463,843. The stock has a 50-day moving average price of $19.01 and a 200 day moving average price of $18.56. The company has a quick ratio of 1.82, a current ratio of 2.12 and a debt-to-equity ratio of 0.43. Envista Holdings Corporation has a 52 week low of $14.22 and a 52 week high of $23.00. The stock has a market cap of $3.52 billion, a PE ratio of -3.18, a price-to-earnings-growth ratio of 1.27 and a beta of 1.00.

Envista (NYSE:NVST - Get Free Report) last issued its quarterly earnings data on Thursday, May 1st. The company reported $0.24 earnings per share for the quarter, topping the consensus estimate of $0.20 by $0.04. Envista had a positive return on equity of 4.07% and a negative net margin of 44.90%. The company had revenue of $616.90 million for the quarter, compared to analysts' expectations of $608.17 million. During the same period in the previous year, the firm posted $0.26 earnings per share. The firm's revenue for the quarter was down 1.1% on a year-over-year basis. Analysts forecast that Envista Holdings Corporation will post 1 earnings per share for the current fiscal year.

About Envista

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.