Vanguard Group Maintains Significant Passive Stake in DENTSPLY SIRONA

Ticker: XRAY · Form: SC 13G/A · Filed: Feb 13, 2024 · CIK: 818479

Dentsply Sirona Inc. SC 13G/A Filing Summary
FieldDetail
CompanyDentsply Sirona Inc. (XRAY)
Form TypeSC 13G/A
Filed DateFeb 13, 2024
Risk Levellow
Pages3
Reading Time3 min
Sentimentneutral

Complexity: simple

Sentiment: neutral

Topics: institutional-ownership, passive-investing, amendment, SC-13G

TL;DR

**Vanguard still owns a big chunk of DENTSPLY SIRONA, showing continued institutional confidence.**

AI Summary

The Vanguard Group, a major investment firm, filed an amendment to its Schedule 13G on February 13, 2024, indicating its ownership of DENTSPLY SIRONA Inc. common stock as of December 29, 2023. This filing, an update to a previous disclosure, shows Vanguard's continued significant passive stake in the dental equipment and supplies company. For investors, this means a large institutional investor maintains confidence in DENTSPLY SIRONA, which can be a positive signal, though it doesn't imply any active management changes or new strategic moves.

Why It Matters

This filing confirms that a major institutional investor, The Vanguard Group, continues to hold a substantial, passive ownership in DENTSPLY SIRONA Inc., signaling ongoing institutional confidence in the company.

Risk Assessment

Risk Level: low — This filing is a routine update from a passive investor and does not indicate any immediate risks or changes to the company's operations or stock price.

Analyst Insight

A smart investor would note Vanguard's continued passive stake as a sign of institutional stability, but recognize this filing doesn't suggest any new catalysts or strategic shifts for DENTSPLY SIRONA Inc. It's a routine disclosure of ongoing ownership.

Key Players & Entities

  • The Vanguard Group (company) — the reporting person and a major institutional investor
  • DENTSPLY SIRONA Inc. (company) — the subject company, a dental equipment and supplies manufacturer
  • December 29, 2023 (date) — the date of the event requiring the filing
  • February 13, 2024 (date) — the filing date of the SC 13G/A

FAQ

What type of filing is this document?

This document is an SC 13G/A, which is an amendment to a Schedule 13G filing under the Securities Exchange Act of 1934, specifically Rule 13d-1(b).

Who is the reporting person in this filing?

The reporting person is The Vanguard Group, identified by IRS Identification No. 23-1945930.

What is the name of the issuer whose securities are being reported?

The name of the issuer is DENTSPLY SIRONA Inc., with CUSIP Number 24906P109.

What was the date of the event that required this filing?

The date of the event which required the filing of this statement was December 29, 2023.

What is DENTSPLY SIRONA Inc.'s primary business classification?

DENTSPLY SIRONA Inc. is classified under 'DENTAL EQUIPMENT & SUPPLIES' with Standard Industrial Classification code 3843.

Filing Stats: 809 words · 3 min read · ~3 pages · Grade level 11.5 · Accepted 2024-02-13 17:02:34

Filing Documents

(a) - Name of Issuer

Item 1(a) - Name of Issuer: DENTSPLY SIRONA Inc

(b) - Address of Issuer's Principal Executive Offices

Item 1(b) - Address of Issuer's Principal Executive Offices: 13320 Ballantyne Corporate Place Charlotte, NC 28277-3607

(a) - Name of Person Filing

Item 2(a) - Name of Person Filing: The Vanguard Group - 23-1945930

(b) – Address of Principal Business Office or, if none, residence

Item 2(b) – Address of Principal Business Office or, if none, residence: 100 Vanguard Blvd. Malvern, PA 19355

(c) – Citizenship

Item 2(c) – Citizenship: Pennsylvania

(d) - Title of Class of Securities

Item 2(d) - Title of Class of Securities: Common Stock

(e) - CUSIP Number

Item 2(e) - CUSIP Number 24906P109

- Type of Filing

Item 3 - Type of Filing: This statement is being filed pursuant to Rule 13d-1. An investment adviser in accordance with 240.13d-1(b)(1)(ii)(E).

- Ownership

Item 4 - Ownership: (a) Amount Beneficially Owned: (b) Percent of Class: (c) Number of shares as to which such person has: (i) sole power to vote or direct to vote: (ii) shared power to vote or direct to vote: (iii) sole power to dispose of or to direct the disposition of: (iv) shared power to dispose or to direct the disposition of: Comments: The responses to questions 5 through 9 and 11 on the cover page(s) are incorporated by reference into this Item 4.

- Ownership of Five Percent or Less of a Class

Item 5 - Ownership of Five Percent or Less of a Class: If this statement is being filed to report the fact that as of the date hereof the reporting person has ceased to be the beneficial owner of more than 5 percent of the class of securities, check the following

- Ownership of More Than Five Percent on Behalf of Another Person

Item 6 - Ownership of More Than Five Percent on Behalf of Another Person: The Vanguard Group, Inc.'s clients, including investment companies registered under the Investment Company Act of 1940 and other managed accounts, have the right to receive or the power to direct the receipt of dividends from, or the proceeds from the sale of, the securities reported herein. No one other person's interest in the securities reported herein is more than 5%. Item 7 - Identification and Classification of the Subsidiary Which Acquired The Security Being Reported on by the Parent Holding Company: Not applicable

- Identification and Classification of Members of Group

Item 8 - Identification and Classification of Members of Group: Not applicable

- Notice of Dissolution of Group

Item 9 - Notice of Dissolution of Group: Not applicable

- Certification

Item 10 - Certification: By signing below I certify that, to the best of my knowledge and belief, the securities referred to above were acquired and are held in the ordinary course of business and were not acquired and are not held for the purpose of or with the effect of changing or influencing the control of the issuer of the securities and were not acquired in connection with or as a participant in any transaction having that purpose or effect, other than activities solely in connection with a nomination under 240.14a-11. Signature After reasonable inquiry and to the best of my knowledge and belief, I certify that the information set forth in this statement is true, complete and correct. Date: February 13, 2024 By /s/ Ashley Grim Name: Ashley Grim Title: Head of Global Fund Administration

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