Raymond James Financial Inc. Grows Stake in Envista Holdings Corporation $NVST

Key Points

• Raymond James Financial Inc. increased its holdings in Envista Holdings Corporation by 10.7% during Q1, acquiring an additional 60,030 shares, bringing its total ownership to approximately 0.37% valued at $10.7 million.
• Envista's latest earnings report showed an EPS of $0.26, beating analysts' estimates, with quarterly revenue rising 7.7% year-over-year to $682.1 million.
• Wall Street analysts have mixed ratings on Envista, with the overall consensus rating being a "Hold" and an average target price of $20.92.

Raymond James Financial Inc. boosted its holdings in shares of Envista Holdings Corporation (NYSE:NVST - Free Report) by 10.7% during the 1st quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The fund owned 620,295 shares of the company's stock after buying an additional 60,030 shares during the quarter. Raymond James Financial Inc. owned about 0.37% of Envista worth $10,707,000 at the end of the most recent quarter.

A number of other institutional investors also recently modified their holdings of NVST. GAMMA Investing LLC increased its position in Envista by 1,338.3% in the first quarter. GAMMA Investing LLC now owns 33,139 shares of the company's stock worth $572,000 after purchasing an additional 30,835 shares during the period. Two Sigma Advisers LP raised its stake in shares of Envista by 66.6% during the 4th quarter. Two Sigma Advisers LP now owns 47,800 shares of the company's stock worth $922,000 after purchasing an additional 19,100 shares in the last quarter. Comerica Bank raised its holdings in shares of Envista by 8.2% in the 4th quarter. Comerica Bank now owns 121,851 shares of the company's stock valued at $2,350,000 after purchasing an additional 9,248 shares during the period. Wealth Enhancement Advisory Services LLC grew its holdings in Envista by 220.5% in the 1st quarter. Wealth Enhancement Advisory Services LLC now owns 47,319 shares of the company's stock valued at $817,000 after buying an additional 32,556 shares in the last quarter. Finally, CWM LLC increased its holdings in shares of Envista by 309.7% during the first quarter. CWM LLC now owns 25,928 shares of the company's stock worth $448,000 after purchasing an additional 19,600 shares during the period.

Analyst Upgrades and Downgrades

A number of brokerages have recently commented on NVST. Stifel Nicolaus lifted their price target on shares of Envista from $24.00 to $25.00 and gave the stock a "buy" rating in a report on Friday, August 1st. Piper Sandler lifted their price target on Envista from $17.00 to $19.00 and gave the stock a "neutral" rating in a report on Friday, August 1st. Evercore ISI lifted their price objective on shares of Envista from $19.00 to $23.00 and gave the company an "outperform" rating in a research note on Wednesday, July 9th. Mizuho lifted their price target on Envista from $15.00 to $18.00 and gave the company an "underperform" rating in a research report on Friday, August 1st. Finally, Wells Fargo & Company lifted their price target on Envista from $17.00 to $19.00 and gave the company an "equal weight" rating in a research report on Friday, August 1st. One investment analyst has rated the stock with a Strong Buy rating, four have issued a Buy rating, nine have given a Hold rating and one has assigned a Sell rating to the company. According to MarketBeat, Envista currently has a consensus rating of "Hold" and a consensus target price of $20.92.

Envista Stock Up 1.5%

Shares of NVST traded up $0.32 on Friday, hitting $21.10. 469,072 shares of the stock traded hands, compared to its average volume of 2,513,023. Envista Holdings Corporation has a one year low of $14.22 and a one year high of $23.00. The business has a 50 day simple moving average of $20.41 and a 200 day simple moving average of $18.59. The company has a debt-to-equity ratio of 0.46, a quick ratio of 2.08 and a current ratio of 2.44. The company has a market capitalization of $3.51 billion, a PE ratio of 65.71, a P/E/G ratio of 1.09 and a beta of 0.99.

Envista (NYSE:NVST - Get Free Report) last posted its quarterly earnings results on Thursday, July 31st. The company reported $0.26 EPS for the quarter, beating analysts' consensus estimates of $0.24 by $0.02. The business had revenue of $682.10 million for the quarter, compared to analysts' expectations of $638.21 million. Envista had a return on equity of 4.84% and a net margin of 2.11%.The business's quarterly revenue was up 7.7% on a year-over-year basis. During the same period last year, the firm earned $0.11 earnings per share. Envista has set its FY 2025 guidance at 1.050-1.15 EPS. As a group, equities analysts forecast that Envista Holdings Corporation will post 1 earnings per share for the current fiscal 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.