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

Xylem Inc. (NYSE:XYL) announced a quarterly dividend on Friday, November 15th,Wall Street Journal reports. Shareholders 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 yield of 1.14%. The ex-dividend date of this dividend is Tuesday, November 26th.

Xylem has raised its dividend payment by an average of 8.3% annually over the last three years and has increased its dividend every year for the last 12 years. Xylem has a dividend payout ratio of 30.3% indicating that its dividend is sufficiently covered by earnings. Equities research 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 %

NYSE XYL opened at $126.87 on Monday. The business’s fifty day simple moving average is $130.14 and its 200-day simple moving average 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 firm has a market cap of $30.82 billion, a PE ratio of 37.10, a P/E/G ratio of 2.34 and a beta of 1.05. Xylem has a 52 week low of $102.42 and a 52 week high of $146.08.

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

Wall Street Analyst Weigh In

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