Envista Holdings Corporation (NYSE:NVST - Get Free Report) SVP Mischa Reis sold 8,000 shares of the company's stock in a transaction on Thursday, August 20th. The stock was sold at an average price of $27.50, for a total value of $220,000.00. Following the completion of the sale, the senior vice president directly owned 27,321 shares in the company, valued at approximately $751,327.50. The trade was a 22.65% decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan.
Envista Stock Performance
Shares of Envista stock opened at $27.34 on Tuesday. The company has a current ratio of 2.43, a quick ratio of 2.07 and a debt-to-equity ratio of 0.47. The firm has a market capitalization of $4.39 billion, a P/E ratio of 47.15, a P/E/G ratio of 1.30 and a beta of 0.86. The business has a fifty day simple moving average of $26.95 and a two-hundred day simple moving average of $26.33. Envista Holdings Corporation has a 12 month low of $18.77 and a 12 month high of $30.42.
Envista (NYSE:NVST - Get Free Report) last released its earnings results on Wednesday, August 5th. The company reported $0.41 earnings per share for the quarter, topping analysts' consensus estimates of $0.34 by $0.07. The firm had revenue of $730.50 million for the quarter, compared to the consensus estimate of $716.11 million. Envista had a net margin of 3.33% and a return on equity of 7.88%. The company's revenue was up 7.1% compared to the same quarter last year. During the same period in the prior year, the firm earned $0.26 EPS. Envista has set its FY 2026 guidance at 1.500-1.550 EPS. On average, equities analysts forecast that Envista Holdings Corporation will post 1.53 earnings per share for the current fiscal year.
Hedge Funds Weigh In On Envista
Hedge funds have recently added to or reduced their stakes in the company. California State Teachers Retirement System lifted its position in Envista by 2,460.3% in the 2nd quarter. California State Teachers Retirement System now owns 4,972,429 shares of the company's stock valued at $131,024,000 after acquiring an additional 4,778,217 shares in the last quarter. Millennium Management LLC raised its stake in shares of Envista by 1,442.7% in the fourth quarter. Millennium Management LLC now owns 2,420,615 shares of the company's stock worth $52,552,000 after purchasing an additional 2,263,712 shares during the last quarter. Holocene Advisors LP purchased a new position in shares of Envista in the second quarter worth $43,936,000. Arrowstreet Capital Limited Partnership lifted its holdings in shares of Envista by 341.5% during the first quarter. Arrowstreet Capital Limited Partnership now owns 2,858,293 shares of the company's stock valued at $72,515,000 after purchasing an additional 2,210,847 shares in the last quarter. Finally, Norges Bank bought a new position in shares of Envista during the fourth quarter valued at $45,113,000.
Wall Street Analysts Forecast Growth
NVST has been the subject of a number of analyst reports. Weiss Ratings raised shares of Envista from a "hold (c-)" rating to a "hold (c)" rating in a research note on Thursday, August 6th. Morgan Stanley set a $23.00 price target on Envista in a research note on Thursday, August 6th. JPMorgan Chase & Co. raised their price objective on Envista from $26.00 to $29.00 and gave the company a "neutral" rating in a research report on Thursday, May 7th. Barclays dropped their target price on Envista from $34.00 to $32.00 and set an "overweight" rating on the stock in a report on Thursday, June 11th. Finally, Wall Street Zen raised Envista from a "buy" rating to a "strong-buy" rating in a research note on Saturday. One investment analyst has rated the stock with a Strong Buy rating, six have assigned a Buy rating and nine have issued a Hold rating to the stock. According to data from MarketBeat, the stock presently has an average rating of "Moderate Buy" and a consensus target price of $29.31.
Check Out Our Latest Stock Analysis on Envista
About Envista
(
Get Free Report)
Envista Holdings Corporation is a global dental products company that develops, manufactures and markets a broad portfolio of dental consumables, equipment and technology solutions. Headquartered in Brea, California, Envista serves dental practitioners, specialists and laboratories in more than 150 countries. The company's offerings span implant, orthodontic, endodontic and restorative product lines as well as digital imaging systems and practice management software.
Envista's product brands include Nobel Biocare for dental implants and restorative solutions, Ormco for orthodontic appliances and treatment systems, Kerr for restorative and endodontic materials, KaVo for dental imaging and handpieces, and Vista for surgical drills and instruments.
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