Ieq Capital LLC Raises Holdings in DENTSPLY SIRONA Inc. $XRAY

Key Points

• Ieq Capital LLC significantly increased its holdings in DENTSPLY SIRONA Inc. by nearly 99%, bringing its total shares to 244,442, valued at approximately $3.65 million.
• DENTSPLY SIRONA reported earnings of $0.52 per share for the latest quarter, beating analyst estimates, although its revenue declined by 4.9% year-over-year.
• The company announced a quarterly dividend of $0.16 per share, translating to an annualized dividend yield of 4.5%, with the ex-dividend date set for September 26th.

Ieq Capital LLC boosted its holdings in DENTSPLY SIRONA Inc. (NASDAQ:XRAY - Free Report) by 98.8% during the 1st quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The fund owned 244,442 shares of the medical instruments supplier's stock after buying an additional 121,486 shares during the quarter. Ieq Capital LLC owned approximately 0.12% of DENTSPLY SIRONA worth $3,652,000 at the end of the most recent quarter.

Several other large investors have also recently bought and sold shares of XRAY. Envestnet Asset Management Inc. grew its holdings in shares of DENTSPLY SIRONA by 9.0% during the first quarter. Envestnet Asset Management Inc. now owns 494,737 shares of the medical instruments supplier's stock worth $7,391,000 after purchasing an additional 40,936 shares during the last quarter. Brown Advisory Inc. purchased a new position in shares of DENTSPLY SIRONA during the first quarter worth about $679,000. Comerica Bank grew its holdings in shares of DENTSPLY SIRONA by 41.2% during the fourth quarter. Comerica Bank now owns 225,080 shares of the medical instruments supplier's stock worth $4,272,000 after purchasing an additional 65,709 shares during the last quarter. Wealth Enhancement Advisory Services LLC grew its holdings in shares of DENTSPLY SIRONA by 39.0% during the first quarter. Wealth Enhancement Advisory Services LLC now owns 53,903 shares of the medical instruments supplier's stock worth $805,000 after purchasing an additional 15,117 shares during the last quarter. Finally, GAMMA Investing LLC grew its holdings in shares of DENTSPLY SIRONA by 1,462.9% during the first quarter. GAMMA Investing LLC now owns 99,351 shares of the medical instruments supplier's stock worth $1,484,000 after purchasing an additional 92,994 shares during the last quarter. Hedge funds and other institutional investors own 95.70% of the company's stock.

DENTSPLY SIRONA Stock Performance

NASDAQ:XRAY traded down $0.49 during mid-day trading on Tuesday, reaching $13.81. The stock had a trading volume of 3,060,167 shares, compared to its average volume of 2,998,536. The company has a debt-to-equity ratio of 1.13, a quick ratio of 1.11 and a current ratio of 1.69. The firm has a market capitalization of $2.75 billion, a price-to-earnings ratio of -2.91, a PEG ratio of 0.89 and a beta of 0.96. DENTSPLY SIRONA Inc. has a twelve month low of $12.16 and a twelve month high of $27.48. The business has a 50 day simple moving average of $15.13 and a 200 day simple moving average of $15.30.

DENTSPLY SIRONA (NASDAQ:XRAY - Get Free Report) last announced its quarterly earnings data on Thursday, August 7th. The medical instruments supplier reported $0.52 EPS for the quarter, beating analysts' consensus estimates of $0.50 by $0.02. The firm had revenue of $936.00 million during the quarter, compared to the consensus estimate of $929.67 million. DENTSPLY SIRONA had a negative net margin of 25.85% and a positive return on equity of 16.33%. The firm's revenue was down 4.9% compared to the same quarter last year. During the same quarter last year, the firm earned $0.49 earnings per share. DENTSPLY SIRONA has set its FY 2025 guidance at 1.800-2.000 EPS. On average, analysts expect that DENTSPLY SIRONA Inc. will post 1.84 earnings per share for the current fiscal year.

DENTSPLY SIRONA Dividend Announcement

The business also recently announced a quarterly dividend, which will be paid on Friday, October 10th. Shareholders of record on Friday, September 26th will be issued a $0.16 dividend. The ex-dividend date of this dividend is Friday, September 26th. This represents a $0.64 dividend on an annualized basis and a yield of 4.6%. DENTSPLY SIRONA's dividend payout ratio (DPR) is -13.50%.

Analyst Ratings Changes

Several analysts recently commented on XRAY shares. Stifel Nicolaus reduced their price target on shares of DENTSPLY SIRONA from $19.00 to $17.00 and set a "hold" rating for the company in a research report on Friday, August 8th. Wells Fargo & Company reduced their price target on shares of DENTSPLY SIRONA from $16.00 to $15.00 and set an "equal weight" rating for the company in a research report on Friday, August 8th. UBS Group decreased their target price on shares of DENTSPLY SIRONA from $25.00 to $24.00 and set a "buy" rating for the company in a research note on Friday, August 8th. Wall Street Zen downgraded shares of DENTSPLY SIRONA from a "buy" rating to a "hold" rating in a research note on Saturday, August 9th. Finally, Barrington Research decreased their target price on shares of DENTSPLY SIRONA from $21.00 to $18.00 and set an "outperform" rating for the company in a research note on Friday, August 8th. Two research analysts have rated the stock with a Buy rating and eleven have given a Hold rating to the company. According to MarketBeat.com, the stock has a consensus rating of "Hold" and a consensus price target of $18.64.

DENTSPLY SIRONA Company Profile

DENTSPLY SIRONA Inc manufactures and sells various dental products and technologies worldwide. It operates in four segments: Connected Technology Solutions, Essential Dental Solutions, Orthodontic and Implant Solutions, and Wellspect Healthcare. The company offers dental equipment comprising imaging equipment, motorized dental handpieces, treatment centers, other instruments, amalgamators, mixing machines, and porcelain furnaces; and dental CAD/CAM technologies to support dental restorations, such as intraoral scanners, 3-D printers, mills, other software and services, and a full-chairside economical restoration of esthetic ceramic dentistry, as well as DS Core, its cloud-based platform.