DENTSPLY SIRONA Inc. (NASDAQ:XRAY) Declares $0.16 Quarterly Dividend

DENTSPLY SIRONA Inc. (NASDAQ:XRAY) declared a quarterly dividend on Wednesday, February 26th, RTT News reports. Stockholders 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 dividend 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. Equities 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

Shares of DENTSPLY SIRONA stock opened at $15.57 on Wednesday. The stock’s fifty day simple moving average is $17.86 and its 200 day simple moving average is $20.40. The company has a current ratio of 1.25, a quick ratio of 0.84 and a debt-to-equity ratio of 0.72. The company has a market capitalization of $3.10 billion, a PE ratio of -7.52, a PEG ratio of 1.80 and a beta of 0.98. DENTSPLY SIRONA has a 12 month low of $14.78 and a 12 month high of $33.42.

Wall Street Analysts Forecast Growth

Several equities analysts have recently weighed in on XRAY shares. Barrington Research cut their price objective on DENTSPLY SIRONA from $24.00 to $20.00 and set an “outperform” rating on the stock in a report on Friday, February 28th. Wells Fargo & Company cut their price target on shares of DENTSPLY SIRONA from $20.00 to $19.00 and set an “equal weight” rating on the stock in a research note on Friday, February 28th. Mizuho lowered their price objective on shares of DENTSPLY SIRONA from $21.00 to $18.00 and set a “neutral” rating for the company in a research report on Thursday, March 13th. Evercore ISI reaffirmed an “in-line” rating and issued a $20.00 target price on shares of DENTSPLY SIRONA in a research note on Tuesday, January 7th. Finally, StockNews.com downgraded DENTSPLY SIRONA from a “buy” rating to a “hold” rating in a research note on Friday, February 28th. Twelve investment analysts have rated the stock with a hold rating and three have issued a buy rating to the company’s stock. According to data from MarketBeat.com, the stock has a consensus rating of “Hold” and a consensus target price of $23.33.

Insider Activity at DENTSPLY SIRONA

In other news, Director Gregory T. Lucier bought 15,142 shares of the stock in a transaction that occurred on Monday, March 3rd. The shares were acquired at an average cost of $16.51 per share, for a total transaction of $249,994.42. Following the completion of the acquisition, the director now owns 81,971 shares in the company, valued at approximately $1,353,341.21. This represents a 22.66 % increase in their ownership of the stock. The acquisition was disclosed in a filing with the SEC, which can be accessed through the SEC website. 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.