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

Xylem Inc. (NYSE:XYL) declared a quarterly dividend on Friday, November 15th,Wall Street Journal reports. Shareholders of record on Tuesday, November 26th will be given a dividend of 0.36 per share by the industrial products company on Tuesday, December 24th. This represents a $1.44 annualized dividend and a yield of 1.14%. 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 increased 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. Research 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 Stock Up 1.2 %

Shares of NYSE XYL opened at $126.87 on Friday. Xylem has a 1 year low of $102.42 and a 1 year high of $146.08. The company has a market capitalization of $30.82 billion, a P/E ratio of 37.10, a P/E/G ratio of 2.34 and a beta of 1.05. The company has a 50 day simple moving average of $130.14 and a 200-day simple moving average of $134.27. 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 posted its earnings results on Thursday, October 31st. The industrial products company reported $1.11 EPS for the quarter, meeting analysts’ consensus estimates of $1.11. The company had revenue of $2.10 billion for the quarter, compared to the consensus estimate of $2.17 billion. Xylem had a return on equity of 9.61% and a net margin of 9.85%. The company’s revenue for the quarter was up .2% on a year-over-year basis. During the same quarter in the previous year, the business earned $0.99 earnings per share. On average, equities research analysts predict that Xylem will post 4.23 earnings per share for the current year.

Wall Street Analyst Weigh In

Several research analysts have weighed in on the stock. Royal Bank of Canada lowered their target price on shares of Xylem from $163.00 to $162.00 and set an “outperform” rating for the company in a research note on Friday, November 1st. Stifel Nicolaus lifted their target price on shares of Xylem from $170.00 to $172.00 and gave the company a “buy” rating in a report on Wednesday, July 31st. Robert W. Baird decreased their price target on Xylem from $175.00 to $154.00 and set an “outperform” rating on the stock in a research note on Friday, November 1st. TD Cowen dropped their price objective 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, UBS Group initiated coverage on Xylem in a report on Tuesday, August 13th. They issued a “buy” rating and a $165.00 price objective on the stock. Four equities research 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, Xylem has a consensus rating of “Moderate Buy” and a consensus price target of $149.64.

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.