DENTSPLY SIRONA (NASDAQ:XRAY) Hits New 1-Year Low – Should You Sell?

DENTSPLY SIRONA Inc. (NASDAQ:XRAY)’s share price reached a new 52-week low on Wednesday . The stock traded as low as $15.47 and last traded at $15.45, with a volume of 431125 shares changing hands. The stock had previously closed at $15.91.

Wall Street Analysts Forecast Growth

XRAY has been the topic of several research reports. Robert W. Baird decreased their target price on DENTSPLY SIRONA from $22.00 to $20.00 and set a “neutral” rating on the stock in a research report on Friday, February 28th. Evercore ISI restated an “in-line” rating and issued a $20.00 price target on shares of DENTSPLY SIRONA in a research note on Tuesday, January 7th. Jefferies Financial Group cut DENTSPLY SIRONA from a “buy” rating to a “hold” rating and lowered their price objective for the stock from $30.00 to $20.00 in a research report on Thursday, January 23rd. UBS Group reduced their target price on shares of DENTSPLY SIRONA from $35.00 to $27.00 and set a “buy” rating for the company in a research report on Tuesday, December 3rd. Finally, Morgan Stanley decreased their price target on shares of DENTSPLY SIRONA from $30.00 to $23.00 and set an “overweight” rating on the stock in a research note on Tuesday, December 17th. Eleven investment analysts have rated the stock with a hold rating and four have issued a buy rating to the stock. According to data from MarketBeat.com, the stock presently has an average rating of “Hold” and an average price target of $23.58.

DENTSPLY SIRONA Trading Down 3.4 %

The company has a current ratio of 1.25, a quick ratio of 0.84 and a debt-to-equity ratio of 0.72. The firm has a 50-day moving average of $18.43 and a two-hundred day moving average of $21.01. The firm has a market capitalization of $3.06 billion, a P/E ratio of -7.45, a P/E/G ratio of 1.80 and a beta of 0.98.

DENTSPLY SIRONA Dividend Announcement

The business also recently declared a quarterly dividend, which will be paid on Friday, April 11th. Stockholders of record on Friday, March 28th will be paid a $0.16 dividend. The ex-dividend date is Friday, March 28th. This represents a $0.64 dividend on an annualized basis and a dividend yield of 4.17%. DENTSPLY SIRONA’s payout ratio is currently -14.07%.

Insider Buying and Selling

In related news, Director Gregory T. Lucier bought 15,142 shares of the firm’s stock in a transaction on Monday, March 3rd. The shares were purchased at an average price of $16.51 per share, with a total value of $249,994.42. Following the completion of the purchase, the director now owns 81,971 shares in the company, valued at $1,353,341.21. This represents a 22.66 % increase in their position. The acquisition was disclosed in a document filed with the SEC, which is available through this link. 0.52% of the stock is owned by corporate insiders.

Institutional Investors Weigh In On DENTSPLY SIRONA

Several hedge funds have recently modified their holdings of the company. Riverview Trust Co acquired a new position in shares of DENTSPLY SIRONA in the fourth quarter valued at approximately $26,000. Colonial Trust Co SC bought a new stake in DENTSPLY SIRONA during the 4th quarter worth approximately $26,000. Capital Performance Advisors LLP acquired a new position in DENTSPLY SIRONA in the 3rd quarter valued at approximately $27,000. MassMutual Private Wealth & Trust FSB raised its stake in shares of DENTSPLY SIRONA by 648.4% during the fourth quarter. MassMutual Private Wealth & Trust FSB now owns 1,422 shares of the medical instruments supplier’s stock valued at $27,000 after acquiring an additional 1,232 shares during the last quarter. Finally, UMB Bank n.a. lifted its holdings in shares of DENTSPLY SIRONA by 60.8% during the fourth quarter. UMB Bank n.a. now owns 1,492 shares of the medical instruments supplier’s stock worth $28,000 after purchasing an additional 564 shares during the period. Institutional investors and hedge funds own 95.70% of the company’s stock.

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.