Legal & General Group Plc Acquires New Stake in Envista Holdings Corporation $NVST

Legal & General Group Plc bought a new position in shares of Envista Holdings Corporation (NYSE:NVST) in the second quarter, according to the company in its most recent filing with the SEC. The institutional investor bought 227,212 shares of the company’s stock, valued at approximately $5,987,000. Legal & General Group Plc owned approximately 0.14% of Envista at the end of the most recent quarter.

Other hedge funds and other institutional investors have also recently modified their holdings of the company. Parallel Advisors LLC raised its position in Envista by 13.1% in the 4th quarter. Parallel Advisors LLC now owns 3,175 shares of the company’s stock valued at $69,000 after buying an additional 367 shares during the last quarter. Bank of Montreal Can increased its stake in Envista by 1.4% in the 4th quarter. Bank of Montreal Can now owns 26,178 shares of the company’s stock valued at $568,000 after buying an additional 372 shares during the last quarter. Sepio Capital LP increased its position in shares of Envista by 1.2% in the fourth quarter. Sepio Capital LP now owns 31,632 shares of the company’s stock valued at $687,000 after acquiring an additional 374 shares during the last quarter. Deutsche Bank AG raised its holdings in Envista by 2.9% during the fourth quarter. Deutsche Bank AG now owns 17,412 shares of the company’s stock worth $378,000 after acquiring an additional 484 shares in the last quarter. Finally, State of Michigan Retirement System increased its position in shares of Envista by 1.5% during the 1st quarter. State of Michigan Retirement System now owns 39,463 shares of the company’s stock worth $1,001,000 after purchasing an additional 600 shares during the last quarter.

Analyst Upgrades and Downgrades

Several research firms have issued reports on NVST. Morgan Stanley set a $23.00 price target on shares of Envista in a research report on Thursday, August 6th. JPMorgan Chase & Co. raised Envista from a “neutral” rating to an “overweight” rating and raised their price target for the company from $29.00 to $32.00 in a report on Thursday. BMO Capital Markets assumed coverage on Envista in a research report on Wednesday, July 8th. They issued a “market perform” rating and a $27.00 target price on the stock. Evercore reaffirmed an “outperform” rating and issued a $33.00 price objective on shares of Envista in a report on Thursday, May 7th. Finally, Weiss Ratings upgraded shares of Envista from a “hold (c-)” rating to a “hold (c)” rating in a research note on Thursday, August 6th. One analyst has rated the stock with a Strong Buy rating, seven have assigned a Buy rating and eight have issued a Hold rating to the company. Based on data from MarketBeat.com, Envista has a consensus rating of “Moderate Buy” and a consensus price target of $29.71.

Envista Trading Up 0.5%

Shares of NVST stock opened at $27.53 on Friday. Envista Holdings Corporation has a fifty-two week low of $18.77 and a fifty-two week high of $30.42. The stock’s fifty day moving average price is $27.22 and its two-hundred day moving average price is $26.29. The company has a debt-to-equity ratio of 0.47, a quick ratio of 2.07 and a current ratio of 2.43. The company has a market cap of $4.42 billion, a PE ratio of 47.47, a P/E/G ratio of 1.30 and a beta of 0.86.

Envista (NYSE:NVST) last issued its earnings results on Wednesday, August 5th. The company reported $0.41 EPS for the quarter, topping the consensus estimate of $0.34 by $0.07. The firm had revenue of $730.50 million during the quarter, compared to the consensus estimate of $716.11 million. Envista had a return on equity of 7.88% and a net margin of 3.33%.The business’s quarterly revenue was up 7.1% on a year-over-year basis. During the same quarter in the previous year, the firm earned $0.26 earnings per share. Envista has set its FY 2026 guidance at 1.500-1.550 EPS. Equities analysts predict that Envista Holdings Corporation will post 1.53 EPS for the current fiscal year.

Insiders Place Their Bets

In other Envista news, SVP Mischa Reis sold 8,000 shares of the stock in a transaction dated Thursday, August 20th. The stock was sold at an average price of $27.50, for a total value of $220,000.00. Following the completion of the transaction, the senior vice president directly owned 27,321 shares in the company, valued at approximately $751,327.50. This trade represents a 22.65% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. 0.99% of the stock is owned by corporate insiders.

About Envista

Envista Holdings Corporation is a global dental products company that develops, manufactures and markets a broad portfolio of dental consumables, equipment and technology solutions. Headquartered in Brea, California, Envista serves dental practitioners, specialists and laboratories in more than 150 countries. The company’s offerings span implant, orthodontic, endodontic and restorative product lines as well as digital imaging systems and practice management software.

Envista’s product brands include Nobel Biocare for dental implants and restorative solutions, Ormco for orthodontic appliances and treatment systems, Kerr for restorative and endodontic materials, KaVo for dental imaging and handpieces, and Vista for surgical drills and instruments.