DENTSPLY SIRONA Inc. (NASDAQ:XRAY) Shares Sold by Tompkins Financial Corp

Tompkins Financial Corp lowered its holdings in shares of DENTSPLY SIRONA Inc. (NASDAQ:XRAYGet Rating) by 20.8% in the second quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 1,900 shares of the medical instruments supplier’s stock after selling 500 shares during the period. Tompkins Financial Corp’s holdings in DENTSPLY SIRONA were worth $68,000 as of its most recent SEC filing.

Several other hedge funds also recently made changes to their positions in the company. Raymond James Trust N.A. lifted its stake in shares of DENTSPLY SIRONA by 52.5% during the second quarter. Raymond James Trust N.A. now owns 10,740 shares of the medical instruments supplier’s stock valued at $384,000 after buying an additional 3,698 shares during the period. Parkside Financial Bank & Trust raised its holdings in DENTSPLY SIRONA by 33.8% in the 2nd quarter. Parkside Financial Bank & Trust now owns 1,224 shares of the medical instruments supplier’s stock valued at $43,000 after acquiring an additional 309 shares during the last quarter. State of Alaska Department of Revenue raised its holdings in DENTSPLY SIRONA by 4.5% in the 2nd quarter. State of Alaska Department of Revenue now owns 58,124 shares of the medical instruments supplier’s stock valued at $2,075,000 after acquiring an additional 2,485 shares during the last quarter. NuWave Investment Management LLC raised its holdings in DENTSPLY SIRONA by 22.9% in the 2nd quarter. NuWave Investment Management LLC now owns 8,102 shares of the medical instruments supplier’s stock valued at $289,000 after acquiring an additional 1,510 shares during the last quarter. Finally, Bank of America Corp DE raised its holdings in DENTSPLY SIRONA by 52.1% in the 1st quarter. Bank of America Corp DE now owns 1,668,770 shares of the medical instruments supplier’s stock valued at $82,137,000 after acquiring an additional 571,708 shares during the last quarter. Institutional investors and hedge funds own 96.00% of the company’s stock.

Analyst Upgrades and Downgrades

A number of analysts have recently commented on XRAY shares. UBS Group upgraded DENTSPLY SIRONA from a “neutral” rating to a “buy” rating and dropped their price objective for the stock from $58.00 to $47.00 in a report on Wednesday, June 1st. Morgan Stanley decreased their price objective on shares of DENTSPLY SIRONA from $48.00 to $44.00 and set an “overweight” rating for the company in a research report on Wednesday, July 20th. The Goldman Sachs Group decreased their price objective on shares of DENTSPLY SIRONA from $42.00 to $41.00 and set a “neutral” rating for the company in a research report on Thursday, July 21st. Piper Sandler decreased their price objective on shares of DENTSPLY SIRONA from $41.00 to $38.00 in a research report on Monday, July 11th. Finally, William Blair cut shares of DENTSPLY SIRONA from a “market perform” rating to an “underperform” rating in a research report on Friday, August 5th. One equities research analyst has rated the stock with a sell rating, six have given a hold rating and three have assigned a buy rating to the stock. Based on data from MarketBeat.com, DENTSPLY SIRONA currently has a consensus rating of “Hold” and an average price target of $48.11.

DENTSPLY SIRONA Stock Down 4.0 %

XRAY opened at $29.55 on Friday. DENTSPLY SIRONA Inc. has a 12 month low of $29.41 and a 12 month high of $61.18. The stock has a market cap of $6.37 billion, a P/E ratio of 17.49, a P/E/G ratio of 2.50 and a beta of 0.92. The stock’s 50 day moving average price is $34.52 and its 200 day moving average price is $39.22. The company has a debt-to-equity ratio of 0.38, a current ratio of 1.45 and a quick ratio of 1.03.

DENTSPLY SIRONA Announces Dividend

The firm also recently declared a quarterly dividend, which will be paid on Friday, October 14th. Stockholders of record on Friday, September 30th will be paid a $0.125 dividend. The ex-dividend date of this dividend is Thursday, September 29th. This represents a $0.50 annualized dividend and a dividend yield of 1.69%. DENTSPLY SIRONA’s payout ratio is 29.59%.

About DENTSPLY SIRONA

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DENTSPLY SIRONA Inc manufactures and sells various dental products and technologies for professional dental market worldwide. The company operates through two segments, Technologies & Equipment, and Consumables. The Technologies & Equipment segment provides dental equipment, such as treatment centers, imaging equipment, motorized dental handpieces, and other instruments for dental practitioners and specialists; dental CAD/CAM technologies for dental offices to support various digital dental procedures, including dental restorations; dentist-directed clear aligner solutions, SureSmile, and direct-to-consumer clear aligner solutions, as well as high frequency vibration technology device; implants; and urology catheters and other healthcare-related consumable products.

Further Reading

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

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