Landscape Capital Management L.L.C. Makes New $538,000 Investment in DENTSPLY SIRONA Inc. $XRAY

Key Points

• Landscape Capital Management L.L.C. acquired 36,006 shares of DENTSPLY SIRONA Inc. ($XRAY) valued at approximately $538,000 in the first quarter, indicating growing institutional interest in the medical instruments supplier.
• Analyst ratings for DENTSPLY SIRONA have been downgraded by multiple firms, with a consensus rating of "Hold" and a target price of $18.64, reflecting cautious sentiment about the stock's future performance.
• The company's latest earnings report showed an EPS of $0.52, exceeding expectations, yet revenue declined 4.9% compared to the prior year, highlighting ongoing challenges in the business environment.

Landscape Capital Management L.L.C. acquired a new position in DENTSPLY SIRONA Inc. (NASDAQ:XRAY - Free Report) during the first quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The institutional investor acquired 36,006 shares of the medical instruments supplier's stock, valued at approximately $538,000.

Other hedge funds and other institutional investors have also bought and sold shares of the company. Envestnet Asset Management Inc. grew its holdings in DENTSPLY SIRONA by 9.0% in 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 period. Brown Advisory Inc. purchased a new stake in shares of DENTSPLY SIRONA during the first quarter valued at approximately $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 valued at $4,272,000 after buying 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 valued at $805,000 after buying 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 valued at $1,484,000 after buying 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

XRAY traded up $0.43 during trading on Thursday, hitting $14.34. The company's stock had a trading volume of 2,097,582 shares, compared to its average volume of 2,989,111. The company has a quick ratio of 1.11, a current ratio of 1.69 and a debt-to-equity ratio of 1.13. DENTSPLY SIRONA Inc. has a one year low of $12.16 and a one year high of $27.48. The firm has a market cap of $2.86 billion, a PE ratio of -3.02, a P/E/G ratio of 0.89 and a beta of 0.96. The business's 50 day simple moving average is $15.05 and its 200-day simple moving average is $15.28.

DENTSPLY SIRONA (NASDAQ:XRAY - Get Free Report) last released its earnings results on Thursday, August 7th. The medical instruments supplier reported $0.52 earnings per share for the quarter, beating analysts' consensus estimates of $0.50 by $0.02. DENTSPLY SIRONA had a negative net margin of 25.85% and a positive return on equity of 16.33%. The company had revenue of $936.00 million for the quarter, compared to analysts' expectations of $929.67 million. During the same quarter in the previous year, the company earned $0.49 EPS. DENTSPLY SIRONA's revenue for the quarter was down 4.9% on a year-over-year basis. DENTSPLY SIRONA has set its FY 2025 guidance at 1.800-2.000 EPS. As a group, sell-side analysts predict that DENTSPLY SIRONA Inc. will post 1.84 EPS for the current fiscal year.

DENTSPLY SIRONA Announces Dividend

The business also recently declared 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. This represents a $0.64 dividend on an annualized basis and a yield of 4.5%. The ex-dividend date is Friday, September 26th. DENTSPLY SIRONA's payout ratio is currently -13.50%.

Wall Street Analyst Weigh In

A number of equities research analysts have recently commented on the stock. Barrington Research cut their price target on shares of DENTSPLY SIRONA from $21.00 to $18.00 and set an "outperform" rating on the stock in a report on Friday, August 8th. Needham & Company LLC restated a "hold" rating on shares of DENTSPLY SIRONA in a research report on Monday, July 21st. UBS Group lowered their price objective on shares of DENTSPLY SIRONA from $25.00 to $24.00 and set a "buy" rating on the stock in a research report on Friday, August 8th. Wall Street Zen downgraded shares of DENTSPLY SIRONA from a "buy" rating to a "hold" rating in a research report on Saturday, August 9th. Finally, Stifel Nicolaus lowered their price objective on shares of DENTSPLY SIRONA from $19.00 to $17.00 and set a "hold" rating on the stock in a research report on Friday, August 8th. Two analysts have rated the stock with a Buy rating and eleven have given a Hold rating to the stock. According to data from MarketBeat.com, the company currently has a consensus rating of "Hold" and an average price target of $18.64.

About DENTSPLY SIRONA

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.