Select Equity Group buys $712,392,269 stake in DENTSPLY International (XRAY)

DENTSPLY International (XRAY) : Select Equity Group scooped up 1,150,744 additional shares in DENTSPLY International during the most recent quarter end , the firm said in a disclosure report filed with the SEC on Aug 15, 2016. The investment management firm now holds a total of 11,674,734 shares of DENTSPLY International which is valued at $712,392,269.DENTSPLY International makes up approximately 5.76% of Select Equity Group’s portfolio.

Other Hedge Funds, Including , Fred Alger Management Inc reduced its stake in XRAY by selling 8,455 shares or 20.54% in the most recent quarter. The Hedge Fund company now holds 32,706 shares of XRAY which is valued at $1,995,720. DENTSPLY International makes up approx 0.01% of Fred Alger Management Inc’s portfolio.Hanseatic Management Services Inc reduced its stake in XRAY by selling 15,211 shares or 56.88% in the most recent quarter. The Hedge Fund company now holds 11,530 shares of XRAY which is valued at $714,745. DENTSPLY International makes up approx 0.26% of Hanseatic Management Services Inc’s portfolio.

DENTSPLY International opened for trading at $61.64 and hit $61.9 on the upside on Thursday, eventually ending the session at $61.65, with a gain of 0.31% or 0.19 points. The heightened volatility saw the trading volume jump to 9,94,841 shares. Company has a market cap of $14,365 M.

On the company’s financial health, DENTSPLY International reported $0.76 EPS for the quarter, beating the analyst consensus estimate by $ 0.06 according to the earnings call on Aug 5, 2016. Analyst had a consensus of $0.70. The company had revenue of $1022.00 million for the quarter, compared to analysts expectations of $1028.82 million. The company’s revenue was up 46.4% compared to the same quarter last year. During the same quarter in the previous year, the company posted $0.73 EPS.

Many Wall Street Analysts have commented on DENTSPLY International. DENTSPLY International was Downgraded by Barrington Research to ” Mkt Perform” on Aug 8, 2016. DENTSPLY International was Initiated by Piper Jaffray to “Overweight” on Jun 13, 2016.

DENTSPLY International Inc. is a designer developer manufacturer and marketer of a range of consumable dental products for the professional dental market. It operates through three segments: Dental Consumable and Certain International Businesses; Dental Specialty and Laboratory and Certain Global Distribution Businesses and Healthcare and Emerging Markets Businesses. All the segments are primarily engaged in the design manufacture and distribution of dental and medical products in four product categories. Its Dental Consumable Products consist of dental supplies and devices and small equipment used in dental offices. Its Dental Laboratory Products are used in the preparation of dental appliances by dental laboratories. Its Dental Specialty Products are specialized treatment products used within the dental office and laboratory settings. Its Consumable Medical Device Products consist mainly of urology catheters certain surgical products medical drills and other products.

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