Xylem Inc. (XYL) to Issue Quarterly Dividend of $0.40 on March 19th

Xylem Inc. (NYSE:XYL) declared a quarterly dividend on Tuesday, February 4th,Wall Street Journal reports. Shareholders 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 yield of 1.23%. The ex-dividend date is Tuesday, February 18th. This is an increase from Xylem’s previous quarterly dividend of $0.36.

Xylem has raised 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 Stock Performance

NYSE XYL opened at $129.62 on Thursday. The stock has a market capitalization of $31.49 billion, a price-to-earnings ratio of 37.90, a PEG ratio of 2.11 and a beta of 1.07. The company has a current ratio of 1.96, a quick ratio of 1.42 and a debt-to-equity ratio of 0.19. The business’s 50 day moving average is $120.74 and its two-hundred day moving average is $127.58. Xylem has a 12-month low of $113.26 and a 12-month high of $146.08.

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

Wall Street Analyst Weigh In

A number of equities research analysts recently weighed in on the company. TD Cowen lowered their price target on Xylem from $138.00 to $125.00 and set a “hold” rating on the stock in a report on Wednesday, November 6th. Citigroup lowered their target price on Xylem from $148.00 to $147.00 and set a “buy” rating on the stock in a report on Monday, January 13th. Wolfe Research reiterated a “peer perform” rating on shares of Xylem in a report on Thursday, December 12th. Stifel Nicolaus lowered their target price on Xylem from $166.00 to $150.00 and set a “buy” rating on the stock in a report on Friday, January 24th. Finally, Robert W. Baird increased their price target on Xylem from $139.00 to $148.00 and gave the stock an “outperform” rating in a research note on Wednesday. Three analysts have rated the stock with a hold rating and eight have issued a buy rating to the company’s stock. Based on data from MarketBeat, the stock has an average rating of “Moderate Buy” and a consensus price target 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.