Shares of Dentsply International Inc. (NASDAQ:XRAY) have been assigned a consensus recommendation of “Buy” from the twelve brokerages that are covering the firm. Six analysts have rated the stock with a hold rating and six have assigned a buy rating to the company. The average twelve-month price target among brokerages that have updated their coverage on the stock in the last year is $64.50.
A number of equities analysts have recently commented on XRAY shares. Credit Suisse Group AG reaffirmed a “buy” rating on shares of Dentsply International in a report on Sunday, June 5th. Piper Jaffray Cos. started coverage on shares of Dentsply International in a report on Monday, June 13th. They issued an “overweight” rating and a $70.00 target price on the stock. Barrington Research cut shares of Dentsply International from an “outperform” rating to a “market perform” rating in a report on Monday, August 8th. Zacks Investment Research cut shares of Dentsply International from a “buy” rating to a “hold” rating in a report on Monday, August 8th. Finally, Jefferies Group reaffirmed a “buy” rating on shares of Dentsply International in a report on Wednesday, August 17th.
In other Dentsply International news, SVP Maureen J. Macinnis sold 45,100 shares of the business’s stock in a transaction on Thursday, August 25th. The shares were sold at an average price of $60.55, for a total transaction of $2,730,805.00. Following the sale, the senior vice president now directly owns 36,730 shares in the company, valued at approximately $2,224,001.50. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. Also, SVP Maureen J. Macinnis sold 17,650 shares of the business’s stock in a transaction on Tuesday, August 23rd. The stock was sold at an average price of $60.61, for a total transaction of $1,069,766.50. Following the sale, the senior vice president now owns 19,630 shares in the company, valued at $1,189,774.30. The disclosure for this sale can be found here. Company insiders own 2.20% of the company’s stock.
Large investors have recently modified their holdings of the company. Teachers Advisors Inc. raised its stake in Dentsply International by 69.0% in the first quarter. Teachers Advisors Inc. now owns 296,707 shares of the company’s stock valued at $18,286,000 after buying an additional 121,167 shares in the last quarter. TIAA CREF Investment Management LLC raised its stake in Dentsply International by 47.8% in the first quarter. TIAA CREF Investment Management LLC now owns 857,170 shares of the company’s stock valued at $52,827,000 after buying an additional 277,279 shares in the last quarter. Ngam Advisors L.P. raised its stake in Dentsply International by 357.1% in the first quarter. Ngam Advisors L.P. now owns 87,622 shares of the company’s stock valued at $5,400,000 after buying an additional 68,453 shares in the last quarter. Los Angeles Capital Management & Equity Research Inc. acquired a new stake in Dentsply International during the first quarter valued at approximately $1,242,000. Finally, Three Peaks Capital Management LLC acquired a new stake in Dentsply International during the first quarter valued at approximately $2,259,000. Institutional investors own 94.58% of the company’s stock.
Dentsply International (NASDAQ:XRAY) traded down 0.29% during trading on Wednesday, reaching $59.38. 607,887 shares of the company’s stock traded hands. Dentsply International has a one year low of $49.48 and a one year high of $65.83. The firm’s 50 day moving average price is $60.43 and its 200-day moving average price is $61.49.
Dentsply International (NASDAQ:XRAY) last released its quarterly earnings data on Friday, August 5th. The company reported $0.76 earnings per share for the quarter, topping analysts’ consensus estimates of $0.70 by $0.06. Dentsply International had a net margin of 11.99% and a return on equity of 9.18%. The company had revenue of $1.02 billion for the quarter, compared to analysts’ expectations of $1.03 billion. During the same quarter last year, the company earned $0.73 earnings per share. The firm’s revenue for the quarter was up 46.4% on a year-over-year basis. Equities analysts forecast that Dentsply International will post $2.76 earnings per share for the current year.
The business also recently announced a dividend, which will be paid on Friday, October 14th. Shareholders of record on Friday, September 30th will be given a dividend of $0.0775 per share. The ex-dividend date of this dividend is Wednesday, September 28th. Dentsply International’s payout ratio is currently 14.49%.
About Dentsply International
DENTSPLY SIRONA Inc, formerly DENTSPLY International Inc, designs, develops, manufactures and markets a range of consumable dental products for the professional dental market. The Company also manufactures and markets consumable medical device products consisting mainly of urological catheters and certain surgical products.
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