Municipal Employees Retirement System of Michigan decreased its stake in shares of DENTSPLY SIRONA Inc. (NASDAQ:XRAY) by 21.6% during the third quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 5,930 shares of the medical instruments supplier’s stock after selling 1,630 shares during the quarter. Municipal Employees Retirement System of Michigan’s holdings in DENTSPLY SIRONA were worth $355,000 at the end of the most recent reporting period.

A number of other institutional investors also recently modified their holdings of the business. Bessemer Group Inc. increased its stake in shares of DENTSPLY SIRONA by 4,638.6% in the third quarter. Bessemer Group Inc. now owns 1,903,596 shares of the medical instruments supplier’s stock worth $113,855,000 after acquiring an additional 1,863,424 shares during the period. Principal Financial Group Inc. increased its stake in shares of DENTSPLY SIRONA by 22.3% in the second quarter. Principal Financial Group Inc. now owns 6,474,432 shares of the medical instruments supplier’s stock worth $419,802,000 after acquiring an additional 1,181,547 shares during the period. Parnassus Investments CA increased its stake in shares of DENTSPLY SIRONA by 62.7% in the third quarter. Parnassus Investments CA now owns 2,115,000 shares of the medical instruments supplier’s stock worth $126,498,000 after acquiring an additional 815,000 shares during the period. Balyasny Asset Management LLC increased its stake in shares of DENTSPLY SIRONA by 415.5% in the second quarter. Balyasny Asset Management LLC now owns 800,937 shares of the medical instruments supplier’s stock worth $51,933,000 after acquiring an additional 645,564 shares during the period. Finally, Vanguard Group Inc. increased its stake in shares of DENTSPLY SIRONA by 2.5% in the second quarter. Vanguard Group Inc. now owns 22,728,062 shares of the medical instruments supplier’s stock worth $1,473,688,000 after acquiring an additional 562,993 shares during the period. Institutional investors and hedge funds own 96.58% of the company’s stock.

Shares of DENTSPLY SIRONA Inc. (XRAY) opened at $64.90 on Friday. The company has a market cap of $14,927.09, a price-to-earnings ratio of 25.89, a P/E/G ratio of 2.57 and a beta of 1.31. The company has a current ratio of 2.32, a quick ratio of 1.59 and a debt-to-equity ratio of 0.21. DENTSPLY SIRONA Inc. has a 52-week low of $52.53 and a 52-week high of $68.98.

DENTSPLY SIRONA (NASDAQ:XRAY) last released its quarterly earnings results on Friday, November 3rd. The medical instruments supplier reported $0.70 EPS for the quarter, beating the Thomson Reuters’ consensus estimate of $0.66 by $0.04. The company had revenue of $1.01 billion for the quarter, compared to analyst estimates of $978.99 million. DENTSPLY SIRONA had a negative net margin of 20.33% and a positive return on equity of 7.56%. The firm’s revenue was up 5.8% on a year-over-year basis. During the same quarter last year, the business earned $0.66 earnings per share. equities analysts expect that DENTSPLY SIRONA Inc. will post 2.65 EPS for the current year.

A number of research firms have recently weighed in on XRAY. HC Wainwright lowered shares of DENTSPLY SIRONA from a “buy” rating to a “neutral” rating and set a $68.00 price objective on the stock. in a research note on Thursday, November 30th. Stephens began coverage on shares of DENTSPLY SIRONA in a research note on Tuesday, November 28th. They issued an “overweight” rating and a $75.00 price objective on the stock. BidaskClub lowered shares of DENTSPLY SIRONA from a “strong-buy” rating to a “buy” rating in a research note on Saturday, December 2nd. Deutsche Bank assumed coverage on shares of DENTSPLY SIRONA in a research note on Friday. They issued a “buy” rating and a $81.00 price objective on the stock. Finally, Barrington Research upgraded shares of DENTSPLY SIRONA from a “market perform” rating to an “outperform” rating and set a $73.00 price target on the stock in a research report on Monday, November 6th. Two equities research analysts have rated the stock with a sell rating, three have assigned a hold rating and nine have given a buy rating to the company’s stock. DENTSPLY SIRONA has a consensus rating of “Buy” and a consensus target price of $68.83.

In related news, insider Mark Thierer acquired 77,000 shares of the firm’s stock in a transaction on Monday, November 13th. The shares were acquired at an average cost of $66.04 per share, with a total value of $5,085,080.00. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. Also, Director Francis J. Lunger sold 8,900 shares of the stock in a transaction on Monday, November 13th. The shares were sold at an average price of $65.90, for a total transaction of $586,510.00. The disclosure for this sale can be found here. Company insiders own 1.99% of the company’s stock.

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DENTSPLY SIRONA Company Profile

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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