First Eagle Investment Management LLC Purchases New Shares in Envista Holdings Corporation $NVST

First Eagle Investment Management LLC acquired a new position in shares of Envista Holdings Corporation (NYSE:NVST) during the 3rd quarter, HoldingsChannel reports. The institutional investor acquired 212,500 shares of the company’s stock, valued at approximately $4,329,000.

A number of other hedge funds also recently bought and sold shares of NVST. Norges Bank acquired a new stake in shares of Envista during the second quarter valued at approximately $40,229,000. ARGA Investment Management LP purchased a new position in Envista during the 3rd quarter worth approximately $950,000. Massachusetts Financial Services Co. MA grew its position in Envista by 22.0% during the 3rd quarter. Massachusetts Financial Services Co. MA now owns 2,905,149 shares of the company’s stock worth $59,178,000 after purchasing an additional 523,949 shares in the last quarter. Jupiter Asset Management Ltd. raised its stake in Envista by 24.6% during the 3rd quarter. Jupiter Asset Management Ltd. now owns 1,349,042 shares of the company’s stock valued at $27,480,000 after purchasing an additional 266,671 shares during the period. Finally, Fox Run Management L.L.C. purchased a new stake in shares of Envista in the third quarter valued at $880,000.

Envista Trading Down 0.8%

Shares of NYSE NVST opened at $28.43 on Thursday. The business has a 50 day simple moving average of $25.57 and a 200 day simple moving average of $22.33. Envista Holdings Corporation has a 52 week low of $14.22 and a 52 week high of $30.42. The stock has a market cap of $4.66 billion, a price-to-earnings ratio of 101.54, a PEG ratio of 1.96 and a beta of 0.95. The company has a debt-to-equity ratio of 0.47, a quick ratio of 2.04 and a current ratio of 2.38.

Envista (NYSE:NVST) last posted its earnings results on Thursday, February 5th. The company reported $0.38 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.32 by $0.06. Envista had a net margin of 1.73% and a return on equity of 6.54%. During the same period in the previous year, the firm earned $0.24 earnings per share. Envista’s quarterly revenue was up 15.0% compared to the same quarter last year. Envista has set its FY 2026 guidance at 1.350-1.450 EPS. On average, research analysts predict that Envista Holdings Corporation will post 1 earnings per share for the current fiscal year.

Insider Transactions at Envista

In other Envista news, SVP Mischa Reis sold 9,675 shares of the firm’s stock in a transaction dated Tuesday, February 10th. The stock was sold at an average price of $30.00, for a total transaction of $290,250.00. Following the transaction, the senior vice president directly owned 32,382 shares in the company, valued at $971,460. This trade represents a 23.00% decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at the SEC website. Corporate insiders own 0.66% of the company’s stock.

Analyst Ratings Changes

A number of research analysts have recently weighed in on the company. Wells Fargo & Company lifted their price target on Envista from $21.00 to $26.00 and gave the company an “equal weight” rating in a report on Friday, February 6th. Piper Sandler reaffirmed a “neutral” rating and set a $25.00 target price (up from $21.00) on shares of Envista in a research note on Friday, February 6th. Mizuho increased their price target on shares of Envista from $24.00 to $27.00 and gave the stock a “neutral” rating in a research report on Tuesday, February 10th. Zacks Research upgraded shares of Envista from a “hold” rating to a “strong-buy” rating in a report on Friday, February 6th. Finally, JPMorgan Chase & Co. boosted their price objective on shares of Envista from $22.00 to $26.00 and gave the company a “neutral” rating in a research report on Friday, February 6th. One equities research analyst has rated the stock with a Strong Buy rating, seven have assigned a Buy rating and eight have issued a Hold rating to the stock. According to data from MarketBeat, the stock has a consensus rating of “Moderate Buy” and an average price target of $27.08.

Envista Profile

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.