Xylem Inc. (NYSE:XYL) Plans Quarterly Dividend of $0.40

Xylem Inc. (NYSE:XYL) announced a quarterly dividend on Tuesday, February 4th,Wall Street Journal reports. Stockholders of record on Tuesday, February 18th will be given a dividend of 0.40 per share by the industrial products company on Wednesday, March 19th. This represents a $1.60 annualized dividend and a dividend yield of 1.23%. The ex-dividend date of this dividend is Tuesday, February 18th. This is a boost from Xylem’s previous quarterly dividend of $0.36.

Xylem has increased its dividend payment by an average of 8.7% annually over the last three years. Xylem has a dividend payout ratio of 27.4% meaning its dividend is sufficiently covered by earnings. Analysts expect Xylem to earn $4.66 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 30.9%.

Xylem Price Performance

Shares of NYSE:XYL traded up $0.38 on Wednesday, hitting $129.62. The company had a trading volume of 1,970,459 shares, compared to its average volume of 1,342,316. The company has a market cap of $31.49 billion, a PE ratio of 37.90, a PEG ratio of 2.11 and a beta of 1.07. The business has a 50 day moving average of $120.66 and a 200 day moving average of $127.57. Xylem has a 52-week low of $113.26 and a 52-week high of $146.08. The company has a current ratio of 1.96, a quick ratio of 1.42 and a debt-to-equity ratio of 0.19.

Xylem (NYSE:XYL) last released its quarterly earnings results on Tuesday, February 4th. The industrial products company reported $1.18 earnings per share (EPS) for the quarter, topping the consensus estimate of $1.12 by $0.06. The company had revenue of $2.30 billion for the quarter, compared to analysts’ expectations of $2.18 billion. Xylem had a net margin of 9.85% and a return on equity of 9.61%. The firm’s revenue for the quarter was up 8.6% compared to the same quarter last year. During the same period last year, the company earned $0.99 EPS. As a group, equities analysts anticipate that Xylem will post 4.22 earnings per share for the current fiscal year.

Analyst Ratings Changes

Several brokerages have recently weighed in on XYL. TD Cowen cut their price objective on shares of Xylem from $138.00 to $125.00 and set a “hold” rating on the stock in a report on Wednesday, November 6th. Citigroup decreased their price target on shares of Xylem from $148.00 to $147.00 and set a “buy” rating on the stock in a report on Monday, January 13th. Wolfe Research restated a “peer perform” rating on shares of Xylem in a research note on Thursday, December 12th. Robert W. Baird raised their price objective on Xylem from $139.00 to $148.00 and gave the stock an “outperform” rating in a report on Wednesday. Finally, Royal Bank of Canada decreased their target price on Xylem from $163.00 to $162.00 and set an “outperform” rating for the company in a report on Friday, November 1st. Three 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 has an average rating of “Moderate Buy” and a consensus target price of $149.90.

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.