OLD National Bancorp IN Makes New $235,000 Investment in DENTSPLY SIRONA Inc. (NASDAQ:XRAY)

OLD National Bancorp IN bought a new position in DENTSPLY SIRONA Inc. (NASDAQ:XRAY) in the fourth quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The firm bought 6,608 shares of the medical instruments supplier’s stock, valued at approximately $235,000.

A number of other large investors have also bought and sold shares of the company. CWM LLC increased its position in DENTSPLY SIRONA by 18.2% in the fourth quarter. CWM LLC now owns 5,175 shares of the medical instruments supplier’s stock worth $184,000 after buying an additional 796 shares during the last quarter. abrdn plc increased its position in DENTSPLY SIRONA by 40.0% in the fourth quarter. abrdn plc now owns 111,494 shares of the medical instruments supplier’s stock worth $3,968,000 after buying an additional 31,852 shares during the last quarter. Cooke & Bieler LP increased its position in DENTSPLY SIRONA by 18.3% in the fourth quarter. Cooke & Bieler LP now owns 7,061,910 shares of the medical instruments supplier’s stock worth $251,333,000 after buying an additional 1,092,922 shares during the last quarter. John G Ullman & Associates Inc. increased its position in DENTSPLY SIRONA by 8.7% in the fourth quarter. John G Ullman & Associates Inc. now owns 129,730 shares of the medical instruments supplier’s stock worth $4,617,000 after buying an additional 10,400 shares during the last quarter. Finally, Ninety One UK Ltd increased its position in DENTSPLY SIRONA by 16.1% in the fourth quarter. Ninety One UK Ltd now owns 1,201,198 shares of the medical instruments supplier’s stock worth $42,751,000 after buying an additional 166,963 shares during the last quarter. 95.70% of the stock is owned by hedge funds and other institutional investors.

Wall Street Analyst Weigh In

Several equities analysts have recently weighed in on the company. SVB Leerink assumed coverage on DENTSPLY SIRONA in a research report on Monday, February 26th. They issued an “outperform” rating and a $42.00 price target for the company. Piper Sandler lifted their price target on DENTSPLY SIRONA from $31.00 to $35.00 and gave the company a “neutral” rating in a research report on Friday, January 12th. StockNews.com upgraded DENTSPLY SIRONA from a “hold” rating to a “buy” rating in a research report on Friday, January 19th. Leerink Partnrs reiterated an “outperform” rating on shares of DENTSPLY SIRONA in a research report on Monday, February 26th. Finally, Needham & Company LLC reissued a “buy” rating and set a $42.00 price objective on shares of DENTSPLY SIRONA in a research note on Thursday, February 29th. Three investment analysts have rated the stock with a hold rating and seven have assigned a buy rating to the company. Based on data from MarketBeat, DENTSPLY SIRONA presently has a consensus rating of “Moderate Buy” and an average price target of $39.50.

DENTSPLY SIRONA Trading Up 0.7 %

NASDAQ:XRAY opened at $30.57 on Friday. The company has a debt-to-equity ratio of 0.55, a current ratio of 1.38 and a quick ratio of 0.95. The stock has a fifty day moving average of $32.59 and a 200 day moving average of $32.78. DENTSPLY SIRONA Inc. has a 52-week low of $26.27 and a 52-week high of $43.24.

DENTSPLY SIRONA (NASDAQ:XRAY) last issued its quarterly earnings results on Thursday, February 29th. The medical instruments supplier reported $0.44 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.43 by $0.01. DENTSPLY SIRONA had a positive return on equity of 11.14% and a negative net margin of 3.33%. The firm had revenue of $1.01 billion during the quarter, compared to analyst estimates of $972.61 million. During the same quarter in the previous year, the company posted $0.46 earnings per share. The company’s revenue was up 3.0% compared to the same quarter last year. On average, equities analysts forecast that DENTSPLY SIRONA Inc. will post 2.05 EPS for the current fiscal year.

DENTSPLY SIRONA Increases Dividend

The company also recently declared a quarterly dividend, which was paid on Friday, April 12th. Shareholders of record on Friday, March 29th were paid a dividend of $0.16 per share. The ex-dividend date was Wednesday, March 27th. This represents a $0.64 annualized dividend and a yield of 2.09%. This is a positive change from DENTSPLY SIRONA’s previous quarterly dividend of $0.14. DENTSPLY SIRONA’s payout ratio is -103.22%.

About DENTSPLY SIRONA

DENTSPLY SIRONA Inc manufactures and sells various dental products and technologies worldwide. It operates in four segments: Connected Technology Solutions, Essential Dental Solutions, Orthodontic and Implant Solutions, and Wellspect Healthcare. The company offers dental equipment comprising imaging equipment, motorized dental handpieces, treatment centers, other instruments, amalgamators, mixing machines, and porcelain furnaces; and dental CAD/CAM technologies to support dental restorations, such as intraoral scanners, 3-D printers, mills, other software and services, and a full-chairside economical restoration of esthetic ceramic dentistry, as well as DS Core, its cloud-based platform.