West Oak Capital Lowers stake in DENTSPLY International (XRAY)

DENTSPLY International (XRAY) : West Oak Capital reduced its stake in DENTSPLY International by 4.76% during the most recent quarter end. The investment management company now holds a total of 21,695 shares of DENTSPLY International which is valued at $1.3 Million after selling 1,085 shares in DENTSPLY International according to a report filed by the company on Apr 5, 2016 with the SEC.DENTSPLY International makes up approximately 1.00% of West Oak Capital’s portfolio.

Other Hedge Funds, Including , Weaver C. Barksdale Associates sold out all of its stake in XRAY during the most recent quarter. The investment firm sold 80 shares of XRAY which is valued $4,760.

On the company’s financial health, DENTSPLY International reported $0.65 EPS for the quarter, based on the information available during the earnings call on Feb 12, 2016. Analyst had a consensus estimate of $0.65. The company had revenue of $671.10 million for the quarter, compared to analysts expectations of $687.35 million. The company’s revenue was down -6.7 % compared to the same quarter last year.During the same quarter in the previous year, the company posted $0.60 EPS.

Many Wall Street Analysts have commented on DENTSPLY International. DENTSPLY International was Downgraded by Morgan Stanley to ” Equal-Weight” on Mar 24, 2016. DENTSPLY International was Initiated by Credit Suisse to “Outperform” on Mar 16, 2016. Jefferies Resumed DENTSPLY International on Mar 3, 2016 to “Buy”, Price Target of the shares are set at $70.

DENTSPLY International closed down -0.22 points or -0.37% at $59.5 with 13,61,532 shares getting traded on Monday. Post opening the session at $59.79, the shares hit an intraday low of $59.36 and an intraday high of $60.16 and the price fluctuated in this range throughout the day.Shares ended Monday session in Red.

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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