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

Xylem Inc. (NYSE:XYL) declared a quarterly dividend on Monday, November 18th,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 dividend on an annualized basis and a yield of 1.18%. The ex-dividend date is Tuesday, November 26th.

Xylem has increased its dividend payment by an average of 8.3% per year over the last three years and has raised its dividend annually for the last 12 consecutive years. Xylem has a dividend payout ratio of 30.3% indicating that its dividend is sufficiently covered by earnings. Equities 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 Trading Up 0.6 %

Xylem stock traded up $0.68 during trading hours on Monday, reaching $122.46. The company had a trading volume of 1,297,772 shares, compared to its average volume of 1,209,080. The firm has a market cap of $29.75 billion, a price-to-earnings ratio of 35.61, a P/E/G ratio of 2.24 and a beta of 1.05. Xylem has a 12-month low of $100.06 and a 12-month high of $146.08. The company has a 50-day moving average price of $130.76 and a 200 day moving average price of $134.74. The company has a debt-to-equity ratio of 0.19, a current ratio of 1.96 and a quick ratio of 1.42.

Xylem (NYSE:XYL) last released its earnings results on Thursday, October 31st. The industrial products company reported $1.11 EPS 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 the consensus estimate of $2.17 billion. During the same period in the previous year, the company posted $0.99 earnings per share. The company’s revenue for the quarter was up .2% compared to the same quarter last year. Equities analysts forecast that Xylem will post 4.23 earnings per share for the current year.

Analysts Set New Price Targets

A number of research firms have recently weighed in on XYL. Stifel Nicolaus upped their price objective on Xylem from $170.00 to $172.00 and gave the stock a “buy” rating in a research note on Wednesday, July 31st. Royal Bank of Canada reduced their price objective on Xylem from $163.00 to $162.00 and set an “outperform” rating on the stock in a report on Friday, November 1st. UBS Group assumed coverage on Xylem in a research report on Tuesday, August 13th. They set a “buy” rating and a $165.00 price target for the company. TD Cowen cut their price target on Xylem from $138.00 to $125.00 and set a “hold” rating for the company in a research note on Wednesday, November 6th. Finally, Robert W. Baird lowered their price objective on Xylem from $175.00 to $154.00 and set an “outperform” rating on the stock in a report on Friday, November 1st. Four equities research analysts have rated the stock with a hold rating and nine have issued a buy rating to the company’s stock. According to data from MarketBeat, the stock has a consensus rating of “Moderate Buy” and a consensus target price of $147.17.

About Xylem

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.