DENTSPLY SIRONA (NASDAQ:XRAY) Hits New 52-Week Low on Analyst Downgrade

DENTSPLY SIRONA Inc. (NASDAQ:XRAY) hit a new 52-week low during mid-day trading on Friday after Wells Fargo & Company lowered their price target on the stock from $20.00 to $19.00. Wells Fargo & Company currently has an equal weight rating on the stock. DENTSPLY SIRONA traded as low as $17.09 and last traded at $17.15, with a volume of 6160723 shares trading hands. The stock had previously closed at $18.81.

A number of other research analysts have also recently issued reports on XRAY. Leerink Partners cut shares of DENTSPLY SIRONA from an “outperform” rating to a “market perform” rating in a research report on Thursday, November 7th. Jefferies Financial Group cut shares of DENTSPLY SIRONA from a “buy” rating to a “hold” rating and decreased their target price for the stock from $30.00 to $20.00 in a report on Thursday, January 23rd. UBS Group decreased their target price on shares of DENTSPLY SIRONA from $35.00 to $27.00 and set a “buy” rating for the company in a report on Tuesday, December 3rd. Leerink Partnrs cut shares of DENTSPLY SIRONA from a “strong-buy” rating to a “hold” rating in a report on Thursday, November 7th. Finally, Evercore ISI reaffirmed an “in-line” rating and issued a $20.00 target price on shares of DENTSPLY SIRONA in a report on Tuesday, January 7th. Ten equities research analysts have rated the stock with a hold rating and five have issued a buy rating to the stock. According to data from MarketBeat, DENTSPLY SIRONA presently has an average rating of “Hold” and an average price target of $23.58.

Institutional Trading of DENTSPLY SIRONA

Several large investors have recently added to or reduced their stakes in the business. Vise Technologies Inc. bought a new stake in DENTSPLY SIRONA during the fourth quarter valued at approximately $195,000. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC grew its position in DENTSPLY SIRONA by 13.4% during the fourth quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC now owns 551,442 shares of the medical instruments supplier’s stock valued at $10,466,000 after buying an additional 65,308 shares during the period. Voloridge Investment Management LLC bought a new stake in DENTSPLY SIRONA during the fourth quarter valued at approximately $24,571,000. Tidal Investments LLC grew its position in DENTSPLY SIRONA by 15.5% during the fourth quarter. Tidal Investments LLC now owns 25,702 shares of the medical instruments supplier’s stock valued at $488,000 after buying an additional 3,449 shares during the period. Finally, True Wealth Design LLC grew its position in DENTSPLY SIRONA by 866.7% during the fourth quarter. True Wealth Design LLC now owns 2,175 shares of the medical instruments supplier’s stock valued at $41,000 after buying an additional 1,950 shares during the period. 95.70% of the stock is currently owned by institutional investors.

DENTSPLY SIRONA Price Performance

The firm’s 50-day moving average is $18.88 and its 200-day moving average is $21.55. The company has a debt-to-equity ratio of 0.72, a current ratio of 1.25 and a quick ratio of 0.84. The company has a market capitalization of $3.29 billion, a P/E ratio of -8.00, a price-to-earnings-growth ratio of 1.80 and a beta of 0.96.

DENTSPLY SIRONA Announces Dividend

The firm also recently announced a quarterly dividend, which will be paid on Friday, April 11th. Investors of record on Friday, March 28th will be given a dividend of $0.16 per share. This represents a $0.64 annualized dividend and a yield of 3.87%. DENTSPLY SIRONA’s dividend payout ratio (DPR) is -30.92%.

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.