DENTSPLY SIRONA (NASDAQ:XRAY) Sets New 1-Year Low – Time to Sell?

Shares of DENTSPLY SIRONA Inc. (NASDAQ:XRAY) hit a new 52-week low during mid-day trading on Monday . The company traded as low as $14.61 and last traded at $14.78, with a volume of 150672 shares changing hands. The stock had previously closed at $14.93.

Wall Street Analyst Weigh In

A number of research firms have recently commented on XRAY. Mizuho cut their price target on DENTSPLY SIRONA from $21.00 to $18.00 and set a “neutral” rating for the company in a report on Thursday, March 13th. Needham & Company LLC reaffirmed a “hold” rating on shares of DENTSPLY SIRONA in a report on Thursday, March 13th. Evercore ISI reiterated an “in-line” rating and set a $20.00 price target on shares of DENTSPLY SIRONA in a research report on Tuesday, January 7th. Jefferies Financial Group lowered shares of DENTSPLY SIRONA from a “buy” rating to a “hold” rating and cut their price objective for the company from $30.00 to $20.00 in a research report on Thursday, January 23rd. Finally, Robert W. Baird reduced 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. Twelve investment analysts have rated the stock with a hold rating and three have given a buy rating to the company. According to data from MarketBeat, DENTSPLY SIRONA presently has a consensus rating of “Hold” and an average target price of $23.33.

DENTSPLY SIRONA Price Performance

The company has a market capitalization of $2.97 billion, a PE ratio of -7.19, a price-to-earnings-growth ratio of 1.80 and a beta of 0.98. The company has a quick ratio of 0.84, a current ratio of 1.25 and a debt-to-equity ratio of 0.72. The firm’s 50-day moving average is $17.62 and its 200-day moving average is $20.16.

DENTSPLY SIRONA Announces Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Friday, April 11th. Stockholders of record on Friday, March 28th will be issued a $0.16 dividend. This represents a $0.64 dividend on an annualized basis and a dividend yield of 4.29%. The ex-dividend date is Friday, March 28th. DENTSPLY SIRONA’s payout ratio is currently -14.07%.

Insider Activity at DENTSPLY SIRONA

In other DENTSPLY SIRONA news, Director Gregory T. Lucier purchased 15,142 shares of DENTSPLY SIRONA stock in a transaction on Monday, March 3rd. The shares were acquired at an average cost of $16.51 per share, for a total transaction of $249,994.42. Following the completion of the transaction, the director now directly owns 81,971 shares of the company’s stock, valued at approximately $1,353,341.21. The trade was a 22.66 % increase in their ownership of the stock. The purchase was disclosed in a filing with the SEC, which is available through this hyperlink. 0.52% of the stock is currently owned by insiders.

Institutional Investors Weigh In On DENTSPLY SIRONA

A number of hedge funds have recently made changes to their positions in the business. Colonial Trust Co SC purchased a new position in DENTSPLY SIRONA in the 4th quarter worth $26,000. Riverview Trust Co bought a new position in shares of DENTSPLY SIRONA during the fourth quarter valued at about $26,000. MassMutual Private Wealth & Trust FSB increased its holdings in shares of DENTSPLY SIRONA by 648.4% in the fourth quarter. MassMutual Private Wealth & Trust FSB now owns 1,422 shares of the medical instruments supplier’s stock worth $27,000 after buying an additional 1,232 shares during the period. UMB Bank n.a. lifted its stake in shares of DENTSPLY SIRONA by 60.8% in the 4th quarter. UMB Bank n.a. now owns 1,492 shares of the medical instruments supplier’s stock valued at $28,000 after acquiring an additional 564 shares during the last quarter. Finally, Mitsubishi UFJ Asset Management Co. Ltd. boosted its holdings in DENTSPLY SIRONA by 700.0% during the 4th quarter. Mitsubishi UFJ Asset Management Co. Ltd. now owns 1,792 shares of the medical instruments supplier’s stock valued at $33,000 after acquiring an additional 1,568 shares during the period. 95.70% of the stock is currently owned by institutional investors.

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.