113,319 Shares in DENTSPLY SIRONA Inc. (NASDAQ:XRAY) Acquired by LMR Partners LLP

LMR Partners LLP purchased a new position in DENTSPLY SIRONA Inc. (NASDAQ:XRAY) during the third quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor purchased 113,319 shares of the medical instruments supplier’s stock, valued at approximately $3,066,000. LMR Partners LLP owned about 0.06% of DENTSPLY SIRONA at the end of the most recent reporting period.

A number of other institutional investors have also recently made changes to their positions in the stock. UMB Bank n.a. boosted its position in DENTSPLY SIRONA by 430.3% during the 3rd quarter. UMB Bank n.a. now owns 928 shares of the medical instruments supplier’s stock valued at $25,000 after buying an additional 753 shares during the period. Capital Performance Advisors LLP bought a new stake in DENTSPLY SIRONA during the 3rd quarter valued at about $27,000. LRI Investments LLC increased its stake in DENTSPLY SIRONA by 82.7% during the 2nd quarter. LRI Investments LLC now owns 1,246 shares of the medical instruments supplier’s stock valued at $31,000 after purchasing an additional 564 shares in the last quarter. Rothschild Investment LLC bought a new stake in shares of DENTSPLY SIRONA in the second quarter worth approximately $32,000. Finally, Kennebec Savings Bank bought a new stake in shares of DENTSPLY SIRONA in the third quarter worth approximately $35,000. Institutional investors own 95.70% of the company’s stock.

DENTSPLY SIRONA Stock Performance

DENTSPLY SIRONA stock opened at $18.46 on Tuesday. The business has a 50 day simple moving average of $23.92 and a 200-day simple moving average of $25.38. 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 Inc. has a 12 month low of $17.21 and a 12 month high of $37.60.

DENTSPLY SIRONA (NASDAQ:XRAY) last posted its quarterly earnings data on Thursday, November 7th. The medical instruments supplier reported $0.50 EPS for the quarter, beating analysts’ consensus estimates of $0.48 by $0.02. The business had revenue of $951.00 million for the quarter, compared to analyst estimates of $939.10 million. DENTSPLY SIRONA had a positive return on equity of 12.62% and a negative net margin of 10.59%. The business’s revenue for the quarter was up .4% compared to the same quarter last year. During the same quarter last year, the company earned $0.49 earnings per share. Equities research analysts anticipate that DENTSPLY SIRONA Inc. will post 1.84 EPS for the current year.

Analyst Ratings Changes

Several equities analysts have weighed in on XRAY shares. Robert W. Baird lowered their price target on shares of DENTSPLY SIRONA from $31.00 to $24.00 and set a “neutral” rating on the stock in a report on Friday, November 8th. Evercore ISI reduced their price target on shares of DENTSPLY SIRONA from $29.00 to $27.00 and set an “outperform” rating on the stock in a research report on Tuesday, October 8th. StockNews.com upgraded shares of DENTSPLY SIRONA from a “hold” rating to a “buy” rating in a research report on Wednesday, November 6th. Leerink Partnrs cut shares of DENTSPLY SIRONA from a “strong-buy” rating to a “hold” rating in a report on Thursday, November 7th. Finally, Leerink Partners cut shares of DENTSPLY SIRONA from an “outperform” rating to a “market perform” rating in a report on Thursday, November 7th. Six research analysts have rated the stock with a hold rating and four have assigned a buy rating to the company’s stock. Based on data from MarketBeat.com, the stock presently has an average rating of “Hold” and a consensus target price of $29.50.

DENTSPLY SIRONA Company Profile

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.