Today: Today, State Treasurer State of Michigan Reduces Stake in Dentsply International Inc. (XRAY)

Today, State Treasurer State of Michigan Reduces Stake in Dentsply International Inc. (XRAY)

State Treasurer State of Michigan cut its position in Dentsply International Inc. (NASDAQ:XRAY) by 0.1% during the third quarter, according to its most recent filing with the Securities and Exchange Commission. The firm owned 81,282 shares of the company’s stock after selling 100 shares during the period. State Treasurer State of Michigan’s holdings in Dentsply International were worth $4,831,000 as of its most recent filing with the SEC.

Several other institutional investors have also recently added to or reduced their stakes in the company. Checchi Capital Advisers LLC increased its stake in shares of Dentsply International by 2.1% in the second quarter. Checchi Capital Advisers LLC now owns 2,007 shares of the company’s stock valued at $125,000 after buying an additional 41 shares during the last quarter. Contravisory Investment Management Inc. increased its stake in shares of Dentsply International by 8.9% in the third quarter. Contravisory Investment Management Inc. now owns 3,108 shares of the company’s stock valued at $185,000 after buying an additional 254 shares during the last quarter. Global X Management Co. LLC increased its stake in shares of Dentsply International by 110.1% in the second quarter. Global X Management Co. LLC now owns 3,169 shares of the company’s stock valued at $197,000 after buying an additional 1,661 shares during the last quarter. Evercore Wealth Management LLC increased its stake in shares of Dentsply International by 12.6% in the second quarter. Evercore Wealth Management LLC now owns 3,204 shares of the company’s stock valued at $199,000 after buying an additional 358 shares during the last quarter. Finally, Mizuho Asset Management Co. Ltd. increased its stake in shares of Dentsply International by 170.4% in the second quarter. Mizuho Asset Management Co. Ltd. now owns 3,228 shares of the company’s stock valued at $200,000 after buying an additional 2,034 shares during the last quarter. Institutional investors own 94.23% of the company’s stock.

Shares of Dentsply International Inc. (NASDAQ:XRAY) opened at 60.75 on Friday. The firm’s 50-day moving average price is $59.17 and its 200-day moving average price is $61.04. Dentsply International Inc. has a 52 week low of $53.43 and a 52 week high of $65.83.

Dentsply International (NASDAQ:XRAY) last issued its quarterly earnings results on Friday, November 4th. The company reported $0.66 earnings per share for the quarter, beating analysts’ consensus estimates of $0.63 by $0.03. Dentsply International had a return on equity of 8.04% and a net margin of 11.15%. The business had revenue of $954.20 million for the quarter, compared to the consensus estimate of $967.68 million. During the same quarter in the previous year, the company posted $0.66 earnings per share. Dentsply International’s revenue for the quarter was up 47.0% compared to the same quarter last year. On average, equities research analysts forecast that Dentsply International Inc. will post $2.77 earnings per share for the current year.

Several brokerages recently commented on XRAY. Zacks Investment Research downgraded Dentsply International from a “buy” rating to a “hold” rating in a report on Monday, August 8th. Barrington Research downgraded Dentsply International from an “outperform” rating to a “market perform” rating in a report on Monday, August 8th. Jefferies Group reiterated a “buy” rating on shares of Dentsply International in a report on Wednesday, August 17th. JPMorgan Chase & Co. began coverage on Dentsply International in a report on Thursday, September 22nd. They set a “neutral” rating and a $65.00 target price on the stock. Finally, Bank of America Corp. began coverage on Dentsply International in a report on Monday, September 12th. They set a “buy” rating and a $70.00 target price on the stock. One investment analyst has rated the stock with a sell rating, four have assigned a hold rating and six have given a buy rating to the company’s stock. The stock has an average rating of “Hold” and a consensus price target of $67.33.

In other Dentsply International news, CEO James G. Mosch sold 30,400 shares of the business’s stock in a transaction dated Thursday, November 17th. The stock was sold at an average price of $60.93, for a total value of $1,852,272.00. Following the transaction, the chief executive officer now owns 75,283 shares in the company, valued at $4,586,993.19. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, VP Rainer Berthan sold 5,000 shares of the business’s stock in a transaction dated Tuesday, September 6th. The shares were sold at an average price of $61.12, for a total value of $305,600.00. Following the completion of the transaction, the vice president now owns 34,370 shares in the company, valued at approximately $2,100,694.40. The disclosure for this sale can be found here. 2.20% of the stock is owned by company insiders.

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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