Xylem Inc. (NYSE:XYL) announced a quarterly dividend on Thursday, October 12th, RTT News reports. Investors of record on Thursday, November 2nd will be given a dividend of 0.18 per share by the industrial products company on Wednesday, December 6th. This represents a $0.72 dividend on an annualized basis and a yield of 1.12%.
Xylem has decreased its dividend payment by an average of 0.1% annually over the last three years and has raised its dividend annually for the last 4 consecutive years. Xylem has a dividend payout ratio of 30.3% meaning its dividend is sufficiently covered by earnings. Equities research analysts expect Xylem to earn $2.74 per share next year, which means the company should continue to be able to cover its $0.72 annual dividend with an expected future payout ratio of 26.3%.
Xylem (NYSE:XYL) traded up 0.54% during midday trading on Thursday, reaching $64.66. 103,239 shares of the company were exchanged. The firm has a market cap of $11.61 billion, a P/E ratio of 41.74 and a beta of 1.17. The firm’s 50-day moving average is $62.95 and its 200-day moving average is $56.18. Xylem has a one year low of $45.60 and a one year high of $64.93.
Xylem (NYSE:XYL) last released its quarterly earnings results on Tuesday, August 1st. The industrial products company reported $0.59 EPS for the quarter, beating the Zacks’ consensus estimate of $0.57 by $0.02. Xylem had a net margin of 6.58% and a return on equity of 17.26%. The company had revenue of $1.16 billion for the quarter, compared to analyst estimates of $1.17 billion. During the same quarter last year, the firm posted $0.48 earnings per share. The company’s quarterly revenue was up 24.9% compared to the same quarter last year. On average, equities analysts expect that Xylem will post $2.37 EPS for the current fiscal year.
In related news, insider Kenneth Napolitano sold 9,052 shares of the business’s stock in a transaction on Wednesday, August 9th. The shares were sold at an average price of $60.16, for a total transaction of $544,568.32. Following the transaction, the insider now owns 35,303 shares of the company’s stock, valued at $2,123,828.48. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this hyperlink. Insiders own 0.75% of the company’s stock.
XYL has been the topic of a number of recent analyst reports. Zacks Investment Research raised shares of Xylem from a “hold” rating to a “buy” rating and set a $62.00 price target on the stock in a research report on Tuesday, July 4th. BidaskClub raised shares of Xylem from a “hold” rating to a “buy” rating in a research report on Wednesday, June 28th. Oppenheimer Holdings, Inc. set a $58.00 price target on shares of Xylem and gave the company a “buy” rating in a research report on Tuesday, June 20th. Cowen and Company reissued a “buy” rating and issued a $70.00 price target on shares of Xylem in a research report on Thursday, September 21st. Finally, Canaccord Genuity reissued a “hold” rating and issued a $50.00 price target on shares of Xylem in a research report on Friday, July 28th. Six equities research analysts have rated the stock with a hold rating and ten have given a buy rating to the company’s stock. Xylem currently has an average rating of “Buy” and a consensus price target of $61.92.
Xylem Company Profile
Xylem Inc is a water technology company. The Company designs, manufactures and services engineered solutions across a range of critical applications. It is an equipment and service provider for water and wastewater applications with a portfolio of products and services addressing the cycle of water, from collection, distribution and use to the return of water to the environment.
What are top analysts saying about Xylem Inc.? - Enter your email address in the form below to receive our free daily email newsletter that contains the latest headlines and analysts' recommendations for for Xylem Inc. and related companies.