First Mercantile Trust Co buys $3,937,862 stake in DENTSPLY International (XRAY)

DENTSPLY International (XRAY) : First Mercantile Trust Co scooped up 10,347 additional shares in DENTSPLY International during the most recent quarter end , the firm said in a disclosure report filed with the SEC on Oct 7, 2016. The investment management firm now holds a total of 65,994 shares of DENTSPLY International which is valued at $3,937,862.DENTSPLY International makes up approximately 0.53% of First Mercantile Trust Co’s portfolio.

Other Hedge Funds, Including , Exxonmobil Investment Management Inc Tx reduced its stake in XRAY by selling 1,135 shares or 1.87% in the most recent quarter. The Hedge Fund company now holds 59,496 shares of XRAY which is valued at $3,550,126. DENTSPLY International makes up approx 0.07% of Exxonmobil Investment Management Inc Tx’s portfolio.Telemus Capital boosted its stake in XRAY in the latest quarter, The investment management firm added 35 additional shares and now holds a total of 7,852 shares of DENTSPLY International which is valued at $462,797. DENTSPLY International makes up approx 0.05% of Telemus Capital’s portfolio.Chevy Chase Trust Holdings reduced its stake in XRAY by selling 6,452 shares or 3.11% in the most recent quarter. The Hedge Fund company now holds 200,921 shares of XRAY which is valued at $11,842,284. DENTSPLY International makes up approx 0.07% of Chevy Chase Trust Holdings’s portfolio.Washington Trust Bank reduced its stake in XRAY by selling 45 shares or 66.18% in the most recent quarter. The Hedge Fund company now holds 23 shares of XRAY which is valued at $1,356.West Oak Capital boosted its stake in XRAY in the latest quarter, The investment management firm added 165 additional shares and now holds a total of 21,705 shares of DENTSPLY International which is valued at $1,279,293. DENTSPLY International makes up approx 0.89% of West Oak Capital’s portfolio.

DENTSPLY International opened for trading at $59.33 and hit $59.765 on the upside on Friday, eventually ending the session at $59.67, with a gain of 1.00% or 0.59 points. The heightened volatility saw the trading volume jump to 13,51,238 shares. Company has a market cap of $13,904 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 Initiated by JP Morgan to “Neutral” on Sep 22, 2016. DENTSPLY International was Downgraded by Barrington Research to ” Mkt Perform” on Aug 8, 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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