Here’s Heartland Value Plus Fund’s Views on Envista Holdings Corp. (NVST)

Heartland Advisors, an investment management company, released its “Heartland Value Plus Fund” second quarter 2025 investor letter. A copy of the letter can be downloaded here. Although the second quarter was another tough period for small stocks, the firm is becoming more optimistic that the environment is getting better. The fund gained 1.86% in the second quarter, compared with the 4.97% gain for the Russell 2000 Value Index.  In addition, you can check the fund’s top 5 holdings to determine its best picks for 2025.

In its second quarter 2025 investor letter, Heartland Value Plus Fund highlighted stocks such as Envista Holdings Corporation (NYSE:NVST). Envista Holdings Corporation (NYSE:NVST) manufactures and markets dental products. The one-month return of Envista Holdings Corporation (NYSE:NVST) was 6.43%, and its shares gained 26.73% of their value over the last 52 weeks. On July 11, 2025, Envista Holdings Corporation (NYSE:NVST) stock closed at $20.20 per share with a market capitalization of $3.424 billion.

Heartland Value Plus Fund stated the following regarding Envista Holdings Corporation (NYSE:NVST) in its second quarter 2025 investor letter:

“On paper, Envista Holdings Corporation (NYSE:NVST), a leading supplier of dental equipment, consumables, and services, could be vulnerable when household budgets are tightening. Indeed, NVST’s core product, dental implants, can see associated procedures postponed as consumers prioritize more essential financial needs. Not surprisingly, NVST lost a third of its value from February 18 through April 8, when economic slowdown fears began to emerge.

However, worries over demand destruction proved to be overblown. While NVST’s revenues declined 1.1% year over year in the first quarter, that was better than feared as demand remained solid across its product lines and management provided an upbeat outlook for the full year. Further fueling confidence: Management initiated the company’s first share buyback in history, purchasing $15 million worth of stock at around $17 per share. That was roughly the same price at which the CEO and CFO had purchased shares in the open market last year, another encouraging sign…” (Click here to read the full text)

In another article, we covered Envista Holdings Corporation (NYSE:NVST) and shared the list of best stocks to buy according to John W. Rogers of Ariel Investments. In addition, please check out our hedge fund investor letters Q2 2025 page for more investor letters from hedge funds and other leading investors.

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Disclosure: None. This article is originally published at Insider Monkey.