Jump Financial LLC Buys 21,244 Shares of DENTSPLY SIRONA Inc. (NASDAQ:XRAY)

Jump Financial LLC raised its holdings in DENTSPLY SIRONA Inc. (NASDAQ:XRAY - Free Report) by 61.9% during the fourth quarter, according to the company in its most recent Form 13F filing with the SEC. The firm owned 55,573 shares of the medical instruments supplier's stock after purchasing an additional 21,244 shares during the quarter. Jump Financial LLC's holdings in DENTSPLY SIRONA were worth $1,055,000 as of its most recent filing with the SEC.

A number of other institutional investors and hedge funds have also made changes to their positions in XRAY. Riverview Trust Co acquired a new position in shares of DENTSPLY SIRONA during the fourth quarter worth about $26,000. MassMutual Private Wealth & Trust FSB boosted its stake in shares of DENTSPLY SIRONA by 648.4% during the fourth quarter. MassMutual Private Wealth & Trust FSB now owns 1,422 shares of the medical instruments supplier's stock valued at $27,000 after acquiring an additional 1,232 shares during the last quarter. UMB Bank n.a. lifted its stake in shares of DENTSPLY SIRONA by 60.8% during the fourth quarter. UMB Bank n.a. now owns 1,492 shares of the medical instruments supplier's stock valued at $28,000 after buying an additional 564 shares during the period. Mitsubishi UFJ Asset Management Co. Ltd. boosted its holdings in shares of DENTSPLY SIRONA by 700.0% during the fourth quarter. Mitsubishi UFJ Asset Management Co. Ltd. now owns 1,792 shares of the medical instruments supplier's stock worth $33,000 after purchasing an additional 1,568 shares during the last quarter. Finally, Signaturefd LLC increased its stake in DENTSPLY SIRONA by 513.3% in the fourth quarter. Signaturefd LLC now owns 4,428 shares of the medical instruments supplier's stock valued at $84,000 after purchasing an additional 3,706 shares during the last quarter. 95.70% of the stock is owned by hedge funds and other institutional investors.

Wall Street Analyst Weigh In

Several brokerages have recently issued reports on XRAY. Robert W. Baird lowered their price objective on shares of DENTSPLY SIRONA from $22.00 to $20.00 and set a "neutral" rating for the company in a research note on Friday, February 28th. Needham & Company LLC reissued a "hold" rating on shares of DENTSPLY SIRONA in a research report on Thursday, March 13th. Morgan Stanley cut shares of DENTSPLY SIRONA from an "overweight" rating to an "equal weight" rating and set a $14.00 price target on the stock. in a report on Tuesday, April 15th. Barrington Research cut their target price on shares of DENTSPLY SIRONA from $24.00 to $20.00 and set an "outperform" rating on the stock in a research note on Friday, February 28th. Finally, StockNews.com lowered shares of DENTSPLY SIRONA from a "buy" rating to a "hold" rating in a research note on Friday, February 28th. Thirteen analysts have rated the stock with a hold rating and two have assigned a buy rating to the company. Based on data from MarketBeat, the stock currently has a consensus rating of "Hold" and a consensus target price of $22.58.

Insider Buying and Selling at DENTSPLY SIRONA

In other news, Director Gregory T. Lucier acquired 15,142 shares of DENTSPLY SIRONA stock in a transaction that occurred on Monday, March 3rd. The stock was purchased at an average price of $16.51 per share, with a total value of $249,994.42. Following the completion of the transaction, the director now owns 81,971 shares in the company, valued at approximately $1,353,341.21. This trade represents a 22.66 % increase in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which can be accessed through this hyperlink. Company insiders own 0.52% of the company's stock.

DENTSPLY SIRONA Price Performance

NASDAQ:XRAY traded up $0.04 during trading hours on Friday, reaching $13.75. 2,078,513 shares of the company's stock were exchanged, compared to its average volume of 2,965,815. The company has a quick ratio of 0.84, a current ratio of 1.25 and a debt-to-equity ratio of 0.72. DENTSPLY SIRONA Inc. has a 12 month low of $12.16 and a 12 month high of $31.00. The company has a market capitalization of $2.74 billion, a P/E ratio of -6.64, a price-to-earnings-growth ratio of 1.80 and a beta of 0.92. The business's 50-day simple moving average is $15.09 and its two-hundred day simple moving average is $18.33.

DENTSPLY SIRONA Dividend Announcement

The company also recently disclosed a quarterly dividend, which was paid on Friday, April 11th. Shareholders of record on Friday, March 28th were given a dividend of $0.16 per share. This represents a $0.64 annualized dividend and a yield of 4.65%. The ex-dividend date of this dividend was Friday, March 28th. DENTSPLY SIRONA's payout ratio is -14.07%.

DENTSPLY SIRONA 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.