Legal & General Group Plc Sells 26,846 Shares of DENTSPLY SIRONA Inc. (NASDAQ:XRAY)

Legal & General Group Plc decreased its holdings in shares of DENTSPLY SIRONA Inc. (NASDAQ:XRAY - Free Report) by 6.0% in the 4th quarter, according to its most recent Form 13F filing with the SEC. The firm owned 423,490 shares of the medical instruments supplier's stock after selling 26,846 shares during the period. Legal & General Group Plc owned approximately 0.21% of DENTSPLY SIRONA worth $8,038,000 at the end of the most recent quarter.

Several other institutional investors have also recently added to or reduced their stakes in the stock. Riverview Trust Co purchased a new position in DENTSPLY SIRONA in the 4th quarter valued at $26,000. MassMutual Private Wealth & Trust FSB increased its position in DENTSPLY SIRONA by 648.4% during the 4th quarter. MassMutual Private Wealth & Trust FSB now owns 1,422 shares of the medical instruments supplier's stock worth $27,000 after purchasing an additional 1,232 shares during the period. UMB Bank n.a. grew its position in 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 worth $28,000 after buying an additional 564 shares during the period. Mitsubishi UFJ Asset Management Co. Ltd. boosted its position in shares of DENTSPLY SIRONA by 700.0% in the 4th quarter. Mitsubishi UFJ Asset Management Co. Ltd. now owns 1,792 shares of the medical instruments supplier's stock worth $33,000 after buying an additional 1,568 shares in the last quarter. Finally, Signaturefd LLC lifted its stake in DENTSPLY SIRONA by 513.3% in the 4th quarter. Signaturefd LLC now owns 4,428 shares of the medical instruments supplier's stock valued at $84,000 after buying an additional 3,706 shares in the last quarter. Institutional investors and hedge funds own 95.70% of the company's stock.

Analyst Ratings Changes

Several brokerages recently commented on XRAY. Jefferies Financial Group downgraded DENTSPLY SIRONA from a "buy" rating to a "hold" rating and dropped their target price for the company from $30.00 to $20.00 in a report on Thursday, January 23rd. Morgan Stanley lowered DENTSPLY SIRONA from an "overweight" rating to an "equal weight" rating and set a $14.00 target price on the stock. in a research report on Tuesday, April 15th. Robert W. Baird cut their target price on shares of DENTSPLY SIRONA from $22.00 to $20.00 and set a "neutral" rating on the stock in a report on Friday, February 28th. Evercore ISI reissued an "in-line" rating and set a $20.00 price target on shares of DENTSPLY SIRONA in a report on Tuesday, January 7th. Finally, Needham & Company LLC reiterated a "hold" rating on shares of DENTSPLY SIRONA in a research report on Thursday, March 13th. Thirteen analysts have rated the stock with a hold rating and two have issued a buy rating to the stock. Based on data from MarketBeat.com, the company has an average rating of "Hold" and an average price target of $22.58.

DENTSPLY SIRONA Stock Up 2.5 %

NASDAQ:XRAY traded up $0.34 on Thursday, hitting $13.62. 441,255 shares of the company's stock traded hands, compared to its average volume of 2,949,603. The company has a current ratio of 1.25, a quick ratio of 0.84 and a debt-to-equity ratio of 0.72. The company has a market cap of $2.71 billion, a PE ratio of -6.57, a price-to-earnings-growth ratio of 1.80 and a beta of 0.92. DENTSPLY SIRONA Inc. has a 1 year low of $12.16 and a 1 year high of $31.00. The firm has a 50-day moving average price of $15.28 and a 200-day moving average price of $18.48.

DENTSPLY SIRONA Dividend Announcement

The company also recently disclosed a quarterly dividend, which was paid on Friday, April 11th. Stockholders of record on Friday, March 28th were paid a $0.16 dividend. This represents a $0.64 dividend on an annualized basis and a dividend yield of 4.70%. The ex-dividend date of this dividend was Friday, March 28th. DENTSPLY SIRONA's payout ratio is -14.07%.

Insider Activity at DENTSPLY SIRONA

In related news, Director Gregory T. Lucier bought 15,142 shares of the company's stock in a transaction that occurred on Monday, March 3rd. The shares were acquired 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 of the company's stock, valued at $1,353,341.21. The trade was a 22.66 % increase in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this link. 0.52% of the stock is currently owned by company insiders.

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.