10 Best 3D Printing and Additive Manufacturing Stocks To Buy

5. DENTSPLY SIRONA Inc. (NASDAQ:XRAY)

Number of Hedge Fund Holders: 35

DENTSPLY SIRONA Inc. (NASDAQ:XRAY) is a unique stock pick in the 3D printing space since it offers 3D printing equipment for dental operations. The company has recently launched Lucitone for Primeprint, which is expected to help it continue adopting 3D printing in dental practices. Several of the company’s initiatives are also anticipated to help it grow its earnings in 2024 significantly. Some of these initiatives are workforce reduction and infrastructure optimization.

DENTSPLY SIRONA Inc. (NASDAQ:XRAY) was seen in the portfolios of 35 hedge funds in the first quarter, with a total stake value of $621.2 million. ARK Investment Management was the most prominent shareholder in the company at the end of the first quarter, holding 135,949 shares.

Artisan Partners mentioned DENTSPLY SIRONA Inc. (NASDAQ:XRAY) in its first-quarter 2024 investor letter:

“DENTSPLY SIRONA Inc. (NASDAQ:XRAY) declined 5% this quarter. Dentsply is one of the world’s suppliers of consumables and equipment to dentists in the US and internationally. The company has great market positions, and the dental industry is generally a good one. It grows in line with or above GDP and is nicely profitable for most scale suppliers. Dentsply has been undergoing a turnaround under a relatively new management team. Progress has been visible since the team took over, but distortions coming out of the pandemic have created a volatile operating environment for dental businesses. We sold a large part of our holding at higher prices in 2023 and exited the stock this quarter into Henry Schein, another company in the dental industry that we think is a better value and in which we started building a position in Q3 2023.”