California Public Employees Retirement System cut its position in DENTSPLY SIRONA Inc (NASDAQ:XRAY) by 3.6% in the 1st quarter, HoldingsChannel.com reports. The firm owned 457,854 shares of the medical instruments supplier’s stock after selling 16,901 shares during the quarter. California Public Employees Retirement System’s holdings in DENTSPLY SIRONA were worth $22,705,000 as of its most recent SEC filing.
Other hedge funds have also recently made changes to their positions in the company. Harel Insurance Investments & Financial Services Ltd. purchased a new position in shares of DENTSPLY SIRONA in the fourth quarter valued at $26,000. Private Capital Group LLC boosted its stake in DENTSPLY SIRONA by 105.3% during the 4th quarter. Private Capital Group LLC now owns 700 shares of the medical instruments supplier’s stock valued at $26,000 after acquiring an additional 359 shares during the last quarter. Pinnacle Bank bought a new position in DENTSPLY SIRONA during the 4th quarter valued at $26,000. Truehand Inc bought a new position in DENTSPLY SIRONA during the 4th quarter valued at $27,000. Finally, Enlightenment Research LLC bought a new position in DENTSPLY SIRONA during the 4th quarter valued at $30,000. Institutional investors and hedge funds own 95.83% of the company’s stock.
DENTSPLY SIRONA stock opened at $54.43 on Friday. The company has a debt-to-equity ratio of 0.33, a quick ratio of 1.35 and a current ratio of 2.06. DENTSPLY SIRONA Inc has a 1 year low of $33.93 and a 1 year high of $55.88. The stock has a market capitalization of $12.74 billion, a PE ratio of 27.08, a price-to-earnings-growth ratio of 2.05 and a beta of 1.11.
In related news, insider William E. Newell sold 3,000 shares of the stock in a transaction dated Thursday, May 9th. The shares were sold at an average price of $54.73, for a total value of $164,190.00. Following the sale, the insider now owns 28,212 shares of the company’s stock, valued at approximately $1,544,042.76. The transaction was disclosed in a filing with the SEC, which can be accessed through this hyperlink. Also, Director Michael J. Coleman sold 9,160 shares of the stock in a transaction dated Friday, May 10th. The stock was sold at an average price of $54.90, for a total transaction of $502,884.00. Following the completion of the sale, the director now directly owns 31,383 shares in the company, valued at approximately $1,722,926.70. The disclosure for this sale can be found here. Over the last 90 days, insiders sold 101,022 shares of company stock worth $5,535,985. Insiders own 0.62% of the company’s stock.
A number of research analysts have commented on the stock. BidaskClub downgraded shares of DENTSPLY SIRONA from a “buy” rating to a “hold” rating in a research note on Friday, March 22nd. ValuEngine upgraded shares of DENTSPLY SIRONA from a “hold” rating to a “buy” rating in a research note on Saturday, May 4th. Barrington Research upgraded shares of DENTSPLY SIRONA from a “market perform” rating to an “outperform” rating and set a $63.00 price objective on the stock in a research note on Monday, May 6th. Zacks Investment Research downgraded shares of DENTSPLY SIRONA from a “buy” rating to a “hold” rating in a research note on Monday, May 6th. Finally, HC Wainwright reiterated a “neutral” rating and set a $55.00 price objective (up from $49.00) on shares of DENTSPLY SIRONA in a research note on Monday, May 6th. Eight equities research analysts have rated the stock with a hold rating, eight have issued a buy rating and one has assigned a strong buy rating to the stock. The stock presently has a consensus rating of “Buy” and an average target price of $53.55.
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About DENTSPLY SIRONA
DENTSPLY SIRONA Inc designs, develops, manufactures, and markets various dental and oral health products, and other consumable healthcare products primarily for the professional dental market worldwide. The company operates in two segments, Technologies & Equipment; and Consumables. Its dental supplies include endodontic instruments and materials, dental anesthetics, prophylaxis pastes, dental sealants, impression materials, restorative materials, tooth whiteners, and topical fluoride products; and small equipment products comprise dental hand pieces, intraoral curing light systems, dental diagnostic systems, and ultrasonic scalers and polishers.
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