Arizona State Retirement System held its stake in shares of DENTSPLY SIRONA Inc. (NASDAQ:XRAY) during the second quarter, Holdings Channel reports. The fund owned 56,820 shares of the medical instruments supplier’s stock at the end of the second quarter. Arizona State Retirement System’s holdings in DENTSPLY SIRONA were worth $3,684,000 as of its most recent SEC filing.

A number of other hedge funds also recently modified their holdings of XRAY. Vanguard Group Inc. increased its position in DENTSPLY SIRONA by 2.7% in the first quarter. Vanguard Group Inc. now owns 22,165,069 shares of the medical instruments supplier’s stock worth $1,383,988,000 after buying an additional 584,536 shares during the last quarter. BlackRock Inc. increased its position in DENTSPLY SIRONA by 3,103.7% in the first quarter. BlackRock Inc. now owns 13,891,329 shares of the medical instruments supplier’s stock worth $867,376,000 after buying an additional 13,457,730 shares during the last quarter. State Street Corp increased its position in DENTSPLY SIRONA by 0.4% in the first quarter. State Street Corp now owns 9,931,689 shares of the medical instruments supplier’s stock worth $620,136,000 after buying an additional 36,012 shares during the last quarter. Veritas Asset Management LLP increased its position in DENTSPLY SIRONA by 5.0% in the first quarter. Veritas Asset Management LLP now owns 6,043,539 shares of the medical instruments supplier’s stock worth $377,359,000 after buying an additional 287,800 shares during the last quarter. Finally, Principal Financial Group Inc. increased its position in DENTSPLY SIRONA by 1,445.2% in the first quarter. Principal Financial Group Inc. now owns 5,292,885 shares of the medical instruments supplier’s stock worth $330,488,000 after buying an additional 4,950,337 shares during the last quarter. 95.13% of the stock is owned by hedge funds and other institutional investors.

DENTSPLY SIRONA Inc. (XRAY) opened at 53.76 on Wednesday. The company’s 50-day moving average is $62.34 and its 200 day moving average is $62.34. DENTSPLY SIRONA Inc. has a 1-year low of $53.21 and a 1-year high of $65.68. The company’s market cap is $12.34 billion.

DENTSPLY SIRONA (NASDAQ:XRAY) last released its quarterly earnings data on Wednesday, August 9th. The medical instruments supplier reported $0.65 earnings per share (EPS) for the quarter, meeting the Thomson Reuters’ consensus estimate of $0.65. The company had revenue of $992.70 million during the quarter, compared to the consensus estimate of $1 billion. DENTSPLY SIRONA had a positive return on equity of 7.24% and a negative net margin of 20.57%. The firm’s revenue was down 2.9% compared to the same quarter last year. During the same quarter in the prior year, the firm posted $0.76 earnings per share. On average, equities analysts predict that DENTSPLY SIRONA Inc. will post $2.72 EPS for the current fiscal year.

The company also recently announced a quarterly dividend, which will be paid on Friday, October 13th. Shareholders of record on Friday, September 29th will be given a dividend of $0.0875 per share. This represents a $0.35 dividend on an annualized basis and a yield of 0.65%. The ex-dividend date is Thursday, September 28th. DENTSPLY SIRONA’s dividend payout ratio is presently -10.09%.

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A number of research firms have recently commented on XRAY. HC Wainwright reaffirmed a “buy” rating and set a $68.00 price objective (down from $74.00) on shares of DENTSPLY SIRONA in a report on Monday. Morgan Stanley lifted their price target on shares of DENTSPLY SIRONA from $66.00 to $67.00 and gave the company an “overweight” rating in a report on Thursday, August 10th. Cleveland Research raised shares of DENTSPLY SIRONA from a “neutral” rating to a “buy” rating in a report on Tuesday, May 23rd. TheStreet downgraded shares of DENTSPLY SIRONA from a “b” rating to a “c+” rating in a report on Wednesday, August 9th. Finally, Zacks Investment Research raised shares of DENTSPLY SIRONA from a “sell” rating to a “hold” rating in a report on Wednesday, April 19th. Three equities research analysts have rated the stock with a sell rating, three have issued a hold rating and eight have given a buy rating to the company. The stock has an average rating of “Hold” and a consensus target price of $66.25.

About DENTSPLY SIRONA

DENTSPLY SIRONA Inc is a manufacturer of professional dental products and technologies. The Company develops, manufactures, and markets solutions offering, including dental and oral health products, as well as other consumable medical devices. It operates through two segments: Dental and Healthcare Consumables, and Technologies.

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Institutional Ownership by Quarter for DENTSPLY SIRONA (NASDAQ:XRAY)

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