DENTSPLY SIRONA (NASDAQ:XRAY) Now Covered by Wells Fargo & Company

Wells Fargo & Company initiated coverage on shares of DENTSPLY SIRONA (NASDAQ:XRAY) in a report published on Friday, Marketbeat Ratings reports. The firm issued an equal weight rating and a $20.00 price target on the medical instruments supplier’s stock.

Other equities research analysts also recently issued reports about the stock. StockNews.com raised shares of DENTSPLY SIRONA from a “hold” rating to a “buy” rating in a report on Friday, February 7th. Needham & Company LLC reaffirmed a “buy” rating and set a $25.00 price objective on shares of DENTSPLY SIRONA in a report on Tuesday. Mizuho began coverage on shares of DENTSPLY SIRONA in a report on Wednesday, December 4th. They set a “neutral” rating and a $21.00 price objective on the stock. Morgan Stanley dropped their price objective on shares of DENTSPLY SIRONA from $30.00 to $23.00 and set an “overweight” rating on the stock in a report on Tuesday, December 17th. Finally, Evercore ISI reaffirmed an “in-line” rating and set a $20.00 price objective on shares of DENTSPLY SIRONA in a report on Tuesday, January 7th. Ten analysts have rated the stock with a hold rating and five have issued a buy rating to the stock. Based on data from MarketBeat.com, the company presently has an average rating of “Hold” and a consensus target price of $25.85.

DENTSPLY SIRONA Stock Performance

XRAY opened at $18.32 on Friday. The firm has a 50-day moving average of $19.02 and a 200 day moving average of $21.96. The company has a debt-to-equity ratio of 0.72, a quick ratio of 0.84 and a current ratio of 1.25. DENTSPLY SIRONA has a fifty-two week low of $17.21 and a fifty-two week high of $34.91.

DENTSPLY SIRONA Dividend Announcement

The business also recently announced a quarterly dividend, which was paid on Friday, January 10th. Investors of record on Friday, December 27th were paid a $0.16 dividend. This represents a $0.64 dividend on an annualized basis and a yield of 3.49%. The ex-dividend date was Friday, December 27th. DENTSPLY SIRONA’s dividend payout ratio is currently -30.92%.

Institutional Investors Weigh In On DENTSPLY SIRONA

A number of institutional investors and hedge funds have recently bought and sold shares of XRAY. CWM LLC raised its stake in DENTSPLY SIRONA by 118.2% in the third quarter. CWM LLC now owns 7,337 shares of the medical instruments supplier’s stock valued at $199,000 after purchasing an additional 3,975 shares in the last quarter. Blue Trust Inc. raised its stake in DENTSPLY SIRONA by 15.1% in the third quarter. Blue Trust Inc. now owns 6,492 shares of the medical instruments supplier’s stock valued at $162,000 after purchasing an additional 854 shares in the last quarter. Sequoia Financial Advisors LLC purchased a new stake in DENTSPLY SIRONA in the third quarter valued at approximately $230,000. Country Club Bank bought a new position in DENTSPLY SIRONA during the third quarter valued at approximately $4,084,000. Finally, Allworth Financial LP grew its position in DENTSPLY SIRONA by 40.2% during the third quarter. Allworth Financial LP now owns 2,179 shares of the medical instruments supplier’s stock valued at $59,000 after acquiring an additional 625 shares during the last quarter. 95.70% of the stock is owned by hedge funds and other institutional investors.

About DENTSPLY SIRONA

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.