Xylem Inc. (NYSE:XYL) Declares $0.36 Quarterly Dividend

Xylem Inc. (NYSE:XYL) declared a quarterly dividend on Friday, November 15th,Wall Street Journal reports. Stockholders of record on Tuesday, November 26th will be paid a dividend of 0.36 per share by the industrial products company on Tuesday, December 24th. This represents a $1.44 annualized dividend and a dividend yield of 1.14%. The ex-dividend date of this dividend is Tuesday, November 26th.

Xylem has increased its dividend payment by an average of 8.3% annually over the last three years and has raised its dividend every year for the last 12 years. Xylem has a dividend payout ratio of 30.3% meaning its dividend is sufficiently covered by earnings. Analysts expect Xylem to earn $4.71 per share next year, which means the company should continue to be able to cover its $1.44 annual dividend with an expected future payout ratio of 30.6%.

Xylem Stock Up 1.2 %

Shares of NYSE:XYL opened at $126.87 on Monday. Xylem has a fifty-two week low of $102.42 and a fifty-two week high of $146.08. The firm’s 50 day moving average price is $130.14 and its 200 day moving average price is $134.22. The company has a quick ratio of 1.42, a current ratio of 1.96 and a debt-to-equity ratio of 0.19. The stock has a market cap of $30.82 billion, a price-to-earnings ratio of 37.10, a price-to-earnings-growth ratio of 2.34 and a beta of 1.05.

Xylem (NYSE:XYL) last issued its earnings results on Thursday, October 31st. The industrial products company reported $1.11 earnings per share for the quarter, hitting the consensus estimate of $1.11. Xylem had a return on equity of 9.61% and a net margin of 9.85%. The business had revenue of $2.10 billion for the quarter, compared to analyst estimates of $2.17 billion. During the same quarter last year, the company earned $0.99 EPS. The business’s quarterly revenue was up .2% on a year-over-year basis. As a group, equities research analysts predict that Xylem will post 4.23 earnings per share for the current fiscal year.

Analysts Set New Price Targets

A number of analysts have weighed in on the company. Royal Bank of Canada decreased their price objective on Xylem from $163.00 to $162.00 and set an “outperform” rating for the company in a research report on Friday, November 1st. Robert W. Baird lowered their price objective on shares of Xylem from $175.00 to $154.00 and set an “outperform” rating on the stock in a research report on Friday, November 1st. TD Cowen dropped their price objective on shares of Xylem from $138.00 to $125.00 and set a “hold” rating on the stock in a research note on Wednesday, November 6th. UBS Group initiated coverage on shares of Xylem in a research note on Tuesday, August 13th. They issued a “buy” rating and a $165.00 target price for the company. Finally, Stifel Nicolaus increased their price target on shares of Xylem from $170.00 to $172.00 and gave the stock a “buy” rating in a report on Wednesday, July 31st. Four equities research analysts have rated the stock with a hold rating and eight have assigned a buy rating to the company’s stock. According to MarketBeat.com, the stock presently has a consensus rating of “Moderate Buy” and an average price target of $149.64.

Xylem Company Profile

Xylem Inc, together with its subsidiaries, engages in the design, manufacture, and servicing of engineered products and solutions worldwide. It operates through four segments: Water Infrastructure, Applied Water, Measurement & Control Solutions, and Integrated Solutions and Services. The Water Infrastructure segment offers products, including water, storm water, and wastewater pumps; controls and systems; filtration, disinfection, and biological treatment equipment; and mobile dewatering equipment and rental services under the ADI, Flygt, Godwin, Sanitaire, Magneto, Neptune Benson, Ionpure, Leopold, Wedeco, and Xylem Vue brands.