DENTSPLY SIRONA Inc. (XRAY) To Go Ex-Dividend on March 28th

DENTSPLY SIRONA Inc. (NASDAQ:XRAY) announced a quarterly dividend on Wednesday, February 26th, RTT News reports. Investors of record on Friday, March 28th will be paid a dividend of 0.16 per share by the medical instruments supplier on Friday, April 11th. This represents a $0.64 annualized dividend and a yield of 4.11%. The ex-dividend date of this dividend is Friday, March 28th.

DENTSPLY SIRONA has increased its dividend payment by an average of 14.2% per year over the last three years and has raised its dividend every year for the last 13 years. DENTSPLY SIRONA has a payout ratio of 31.5% indicating that its dividend is sufficiently covered by earnings. Analysts expect DENTSPLY SIRONA to earn $1.90 per share next year, which means the company should continue to be able to cover its $0.64 annual dividend with an expected future payout ratio of 33.7%.

DENTSPLY SIRONA Stock Performance

DENTSPLY SIRONA stock opened at $15.57 on Wednesday. DENTSPLY SIRONA has a 52-week low of $14.78 and a 52-week high of $33.42. The company has a debt-to-equity ratio of 0.72, a current ratio of 1.25 and a quick ratio of 0.84. The stock has a fifty day moving average price of $17.86 and a two-hundred day moving average price of $20.40. The firm has a market capitalization of $3.10 billion, a P/E ratio of -7.52, a P/E/G ratio of 1.80 and a beta of 0.98.

Analyst Ratings Changes

A number of equities analysts have commented on the stock. Morgan Stanley reduced their price target on shares of DENTSPLY SIRONA from $30.00 to $23.00 and set an “overweight” rating on the stock in a research report on Tuesday, December 17th. Jefferies Financial Group downgraded DENTSPLY SIRONA from a “buy” rating to a “hold” rating and reduced their target price for the stock from $30.00 to $20.00 in a report on Thursday, January 23rd. Evercore ISI reaffirmed an “in-line” rating and set a $20.00 price target on shares of DENTSPLY SIRONA in a report on Tuesday, January 7th. Mizuho reduced their price objective on DENTSPLY SIRONA from $21.00 to $18.00 and set a “neutral” rating on the stock in a research note on Thursday, March 13th. Finally, UBS Group decreased their target price on DENTSPLY SIRONA from $35.00 to $27.00 and set a “buy” rating on the stock in a report on Tuesday, December 3rd. Twelve research analysts have rated the stock with a hold rating and three have assigned a buy rating to the stock. Based on data from MarketBeat, the company currently has an average rating of “Hold” and an average price target of $23.33.

Insider Buying and Selling at DENTSPLY SIRONA

In related news, Director Gregory T. Lucier purchased 15,142 shares of the business’s stock in a transaction dated Monday, March 3rd. The shares were bought at an average price of $16.51 per share, with a total value of $249,994.42. Following the purchase, the director now directly owns 81,971 shares in the company, valued at $1,353,341.21. This trade represents a 22.66 % increase in their position. The acquisition was disclosed in a filing with the SEC, which is available at this link. Insiders own 0.52% of the company’s stock.

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.