Trading Report: The Dentsply International’s (XRAY) “Outperform” Rating Reaffirmed at Robert W. Baird

The Dentsply International’s (XRAY) “Outperform” Rating Reaffirmed at Robert W. Baird

Robert W. Baird reissued their outperform rating on shares of Dentsply International Inc. (NASDAQ:XRAY) in a research note released on Tuesday morning. Robert W. Baird currently has a $67.00 target price on the stock, down from their previous target price of $69.00.

Other equities analysts also recently issued research reports about the stock. Credit Suisse Group AG restated a buy rating on shares of Dentsply International in a research note on Sunday, June 26th. Piper Jaffray Cos. restated a buy rating on shares of Dentsply International in a research note on Monday, June 27th. Bank of America Corp. started coverage on shares of Dentsply International in a research note on Monday, September 12th. They issued a buy rating and a $70.00 price objective for the company. Jefferies Group restated a buy rating on shares of Dentsply International in a research note on Wednesday, August 17th. Finally, Zacks Investment Research downgraded shares of Dentsply International from a buy rating to a hold rating in a research note on Monday, August 8th. Six equities research analysts have rated the stock with a hold rating and six have given a buy rating to the stock. The stock currently has an average rating of Buy and a consensus target price of $66.91.

Dentsply International (NASDAQ:XRAY) traded up 0.15% during mid-day trading on Tuesday, hitting $58.99. The company’s stock had a trading volume of 139,309 shares. Dentsply International has a 52-week low of $52.73 and a 52-week high of $65.83. The company’s 50 day moving average is $60.15 and its 200-day moving average is $61.43.

Dentsply International (NASDAQ:XRAY) last issued its earnings results on Friday, August 5th. The company reported $0.76 EPS for the quarter, topping analysts’ consensus estimates of $0.70 by $0.06. The firm earned $1.02 billion during the quarter, compared to the consensus estimate of $1.03 billion. Dentsply International had a net margin of 11.99% and a return on equity of 9.18%. The company’s revenue was up 46.4% compared to the same quarter last year. During the same quarter in the previous year, the firm posted $0.73 earnings per share. Equities analysts forecast that Dentsply International will post $2.76 earnings per share for the current year.

The company also recently declared a dividend, which will be paid on Friday, October 14th. Investors of record on Friday, September 30th will be issued a dividend of $0.0775 per share. The ex-dividend date of this dividend is Wednesday, September 28th. Dentsply International’s dividend payout ratio is currently 14.49%.

In related news, SVP Maureen J. Macinnis sold 17,650 shares of the stock in a transaction dated Tuesday, August 23rd. The shares were sold at an average price of $60.61, for a total transaction of $1,069,766.50. Following the completion of the transaction, the senior vice president now directly owns 19,630 shares of the company’s stock, valued at $1,189,774.30. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at the SEC website. Also, VP Rainer Berthan sold 5,000 shares of the stock in a transaction dated Tuesday, September 6th. The stock was sold at an average price of $61.12, for a total transaction of $305,600.00. Following the transaction, the vice president now directly owns 34,370 shares of the company’s stock, valued at $2,100,694.40. The disclosure for this sale can be found here. Corporate insiders own 2.20% of the company’s stock.

A number of hedge funds and other institutional investors have recently bought and sold shares of the company. Evercore Wealth Management LLC boosted its position 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 worth $199,000 after buying an additional 358 shares during the period. Carnick & Kubik Group LLC bought a new position in shares of Dentsply International during the second quarter worth about $258,000. Williams Jones & Associates LLC boosted its position in shares of Dentsply International by 84.1% in the second quarter. Williams Jones & Associates LLC now owns 970,261 shares of the company’s stock worth $60,195,000 after buying an additional 443,353 shares during the period. Kentucky Retirement Systems Insurance Trust Fund bought a new position in shares of Dentsply International during the second quarter worth about $587,000. Finally, Kentucky Retirement Systems bought a new position in shares of Dentsply International during the second quarter worth about $1,236,000. 94.58% of the stock is owned by hedge funds and other institutional investors.

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