Vanguard Discloses 7.2% Passive Stake in Envista Holdings Corp

TL;DR

**Vanguard still owns 7.2% of Envista, showing continued passive confidence.**

AI Summary

The Vanguard Group, a major investment firm, filed an amended SC 13G/A on January 10, 2024, disclosing its ownership in Envista Holdings Corp (NYSE: NVST). As of December 29, 2023, Vanguard holds 11,446,183 shares of Envista's Common Stock, representing 7.2% of the company. This is an update to their previous filing, indicating a slight adjustment in their passive investment stake. For investors, this filing confirms Vanguard's continued significant, albeit passive, interest in Envista, which can be seen as a vote of confidence from a large institutional investor.

Why It Matters

This filing confirms Vanguard's continued substantial, passive investment in Envista, signaling their long-term confidence in the company's prospects. A large institutional holder like Vanguard can provide stability to the stock.

Risk Assessment

Risk Level: low — This filing is a routine update from a passive institutional investor and does not indicate any immediate new risks or significant changes in company control.

Analyst Insight

Investors should note Vanguard's continued significant, passive stake as a sign of institutional confidence, but recognize this is a routine update and not an active investment signal. It's a data point for long-term holders, not a short-term trading catalyst.

Key Numbers

• 11,446,183 — Shares Beneficially Owned (The total number of Envista Holdings Corp Common Stock shares Vanguard holds.)
• 7.2% — Percentage of Class (The percentage of Envista Holdings Corp's Common Stock that Vanguard beneficially owns.)

Key Players & Entities

• The Vanguard Group (company) — reporting person and institutional investor
• Envista Holdings Corp (company) — the issuer of the securities
• 11,446,183 shares (dollar_amount) — total shares beneficially owned by Vanguard
• 7.2% (dollar_amount) — percentage of Envista's Common Stock owned by Vanguard
• December 29, 2023 (date) — date of the event requiring the filing
• January 10, 2024 (date) — filing date of the SC 13G/A

Forward-Looking Statements

• Vanguard will maintain a significant, passive stake in Envista Holdings Corp. (The Vanguard Group) — high confidence, target: next 12 months
• Envista Holdings Corp's stock will likely experience continued institutional interest due to Vanguard's substantial holding. (Envista Holdings Corp) — medium confidence, target: next 6 months

FAQ

From the Filing

0001104659-24-002869.txt : 20240110 0001104659-24-002869.hdr.sgml : 20240110 20240110101655 ACCESSION NUMBER: 0001104659-24-002869 CONFORMED SUBMISSION TYPE: SC 13G/A PUBLIC DOCUMENT COUNT: 1 FILED AS OF DATE: 20240110 DATE AS OF CHANGE: 20240110 SUBJECT COMPANY: COMPANY DATA: COMPANY CONFORMED NAME: Envista Holdings Corp CENTRAL INDEX KEY: 0001757073 STANDARD INDUSTRIAL CLASSIFICATION: DENTAL EQUIPMENT & SUPPLIES [3843] ORGANIZATION NAME: 08 Industrial Applications and Services IRS NUMBER: 832206728 STATE OF INCORPORATION: DE FISCAL YEAR END: 1231 FILING VALUES: FORM TYPE: SC 13G/A SEC ACT: 1934 Act SEC FILE NUMBER: 005-91284 FILM NUMBER: 24525239 BUSINESS ADDRESS: STREET 1: 200 S. KRAEMER BLVD., BLDG. E CITY: BREA STATE: CA ZIP: 92821 BUSINESS PHONE: 714-817-5418 MAIL ADDRESS: STREET 1: 200 S. KRAEMER BLVD., BLDG. E CITY: BREA STATE: CA ZIP: 92821 FORMER COMPANY: FORMER CONFORMED NAME: DH Dental Holding Corp. DATE OF NAME CHANGE: 20181025 FILED BY: COMPANY DATA: COMPANY CONFORMED NAME: VANGUARD GROUP INC CENTRAL INDEX KEY: 0000102909 ORGANIZATION NAME: IRS NUMBER: 231945930 STATE OF INCORPORATION: PA FISCAL YEAR END: 1231 FILING VALUES: FORM TYPE: SC 13G/A BUSINESS ADDRESS: STREET 1: PO BOX 2600 STREET 2: V26 CITY: VALLEY FORGE STATE: PA ZIP: 19482-2600 BUSINESS PHONE: 6106691000 MAIL ADDRESS: STREET 1: PO BOX 2600 STREET 2: V26 CITY: VALLEY FORGE STATE: PA ZIP: 19482-2600 SC 13G/A 1 tv0022-envistaholdingscorp.htm SCHEDULE 13G/A envistaholdingscorp SECURITIES AND EXCHANGE COMMISSION Washington, D.C. 20549 Schedule 13G Under the Securities Exchange Act of 1934 (Amendment No.: 4)* Name of issuer:  Envista Holdings Corp Title of Class of Securities:  Common Stock CUSIP Number:  29415F104 Date of Event Which Requires Filing of this Statement: December 29, 2023 Check the appropriate box to designate the rule pursuant to which this Schedule is filed: ☒ Rule 13d-1(b) ☐ Rule 13d-1(c) ☐ Rule 13d-1(d) *The remainder of this cover page shall be filled out for a reporting person's initial filing on this form with respect to the subject class of securities, and for any subsequent amendment containing information which would alter the disclosures provided in a prior cover page. The information required in the remainder of this cover page shall not be deemed to be "filed" for the purpose of Section 18 of the Securities Exchange Act of 1934 ("Act") or otherwise subject to the liabilities of that section of the Act but shall be subject to all other provisions of the Act (however, see the Notes). (Continued on the following page(s))     13G CUSIP No.:  29415F104 1.  NAME OF REPORTING PERSON I.R.S. IDENTIFICATION NO. OF ABOVE PERSON The Vanguard Group - 23-1945930 2.  CHECK THE APPROPRIATE [LINE] IF A MEMBER OF A GROUP A.  B.  X 3.  SEC USE ONLY 4.  CITIZENSHIP OF PLACE OF ORGANIZATION Pennsylvania (For questions 5-8, report the number of shares beneficially owned by each reporting person with:) 5.  SOLE VOTING POWER 0 6.  SHARED VOTING POWER 59,950 7.  SOLE DISPOSITIVE POWER 16,929,398 8.  SHARED DISPOSITIVE POWER 238,369 9.  AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON 17,167,767 10.  CHECK BOX IF THE AGGREGATE AMOUNT IN ROW (9) EXCLUDES CERTAIN SHARES N/A 11.  PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW 9 10.02% 12.  TYPE OF REPORTING PERSON IA     SECURITIES AND EXCHANGE COMMISSION Washington, D.C. 20549 Schedule 13G Under the Securities Act of 1934 Item 1(a) - Name of Issuer: Envista Holdings Corp Item 1(b) - Address of Issuer's Principal Executive Offices: 200 South Kraemer Boulevard, Building E Brea, CA 92821 Item 2(a) - Name of Person Filing: The Vanguard Group - 23-1945930 Item 2(b) – Address of Principal Business Office or, if none, residence: 100 Vanguard Blvd. Malvern, PA 19355 Item 2(c) –