Xylem Inc. Announces Quarterly Dividend of $0.30 (NYSE:XYL)

Xylem Inc. (NYSE:XYLGet Rating) announced a quarterly dividend on Thursday, May 12th, Zacks reports. Investors of record on Thursday, May 26th will be paid a dividend of 0.30 per share by the industrial products company on Thursday, June 23rd. This represents a $1.20 annualized dividend and a yield of 1.43%. The ex-dividend date is Wednesday, May 25th.

Xylem has raised its dividend payment by an average of 10.1% annually over the last three years and has increased its dividend annually for the last 12 consecutive years. Xylem has a payout ratio of 37.7% indicating that its dividend is sufficiently covered by earnings. Equities research analysts expect Xylem to earn $3.27 per share next year, which means the company should continue to be able to cover its $1.20 annual dividend with an expected future payout ratio of 36.7%.

Xylem stock opened at $83.91 on Friday. The company has a debt-to-equity ratio of 0.59, a quick ratio of 1.21 and a current ratio of 1.62. The firm has a market cap of $15.11 billion, a P/E ratio of 36.17, a P/E/G ratio of 2.64 and a beta of 1.08. The business’s fifty day moving average is $85.29 and its two-hundred day moving average is $102.87. Xylem has a 52 week low of $80.00 and a 52 week high of $138.78.

Xylem (NYSE:XYLGet Rating) last posted its quarterly earnings data on Wednesday, May 4th. The industrial products company reported $0.47 EPS for the quarter, topping analysts’ consensus estimates of $0.41 by $0.06. The company had revenue of $1.27 billion for the quarter, compared to analyst estimates of $1.24 billion. Xylem had a return on equity of 13.80% and a net margin of 8.10%. The business’s revenue was up 1.3% on a year-over-year basis. During the same quarter in the previous year, the firm earned $0.56 earnings per share. On average, equities research analysts predict that Xylem will post 2.56 earnings per share for the current year.

A number of equities analysts have commented on XYL shares. Raymond James raised Xylem from an “underperform” rating to a “market perform” rating in a research note on Tuesday, April 5th. Credit Suisse Group dropped their target price on Xylem from $111.00 to $98.00 and set an “underperform” rating for the company in a research report on Friday, February 4th. Morgan Stanley dropped their target price on Xylem from $120.00 to $110.00 and set an “overweight” rating for the company in a research report on Monday, April 18th. Mizuho dropped their target price on Xylem from $115.00 to $85.00 in a research report on Friday, May 6th. Finally, TheStreet downgraded Xylem from a “b” rating to a “c+” rating in a research report on Monday, February 7th. One equities research analyst has rated the stock with a sell rating, nine have given a hold rating and three have issued a buy rating to the stock. According to MarketBeat, the company currently has an average rating of “Hold” and a consensus target price of $111.90.

In other news, SVP Colin R. Sabol sold 4,233 shares of the company’s stock in a transaction dated Monday, April 18th. The stock was sold at an average price of $83.05, for a total transaction of $351,550.65. Following the completion of the transaction, the senior vice president now directly owns 27,373 shares of the company’s stock, valued at $2,273,327.65. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this link. 0.89% of the stock is owned by corporate insiders.

Hedge funds and other institutional investors have recently modified their holdings of the stock. Cetera Investment Advisers boosted its position in Xylem by 3.5% during the fourth quarter. Cetera Investment Advisers now owns 4,643 shares of the industrial products company’s stock valued at $557,000 after purchasing an additional 159 shares during the last quarter. Kingsview Wealth Management LLC boosted its position in Xylem by 12.9% during the fourth quarter. Kingsview Wealth Management LLC now owns 4,363 shares of the industrial products company’s stock valued at $523,000 after purchasing an additional 498 shares during the last quarter. CIBC World Markets Inc. boosted its position in Xylem by 11.0% during the fourth quarter. CIBC World Markets Inc. now owns 3,374 shares of the industrial products company’s stock valued at $405,000 after purchasing an additional 335 shares during the last quarter. Prudential PLC acquired a new position in Xylem during the first quarter valued at approximately $333,000. Finally, Peapack Gladstone Financial Corp boosted its position in Xylem by 5.8% during the fourth quarter. Peapack Gladstone Financial Corp now owns 2,718 shares of the industrial products company’s stock valued at $326,000 after purchasing an additional 150 shares during the last quarter. 83.83% of the stock is owned by hedge funds and other institutional investors.

Xylem Company Profile (Get Rating)

Xylem Inc, together with its subsidiaries, engages in the design, manufacture, and servicing of engineered products and solutions for the water and wastewater applications in the United States, Europe, the Asia Pacific, and internationally. It operates through three segments: Water Infrastructure, Applied Water, and Measurement & Control Solutions.

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Dividend History for Xylem (NYSE:XYL)

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