Xylem Inc. (NYSE:XYL) to Issue Quarterly Dividend of $0.40

Xylem Inc. (NYSE:XYL) announced a quarterly dividend on Wednesday, February 5th,Wall Street Journal reports. Stockholders of record on Tuesday, February 18th will be paid a dividend of 0.40 per share by the industrial products company on Wednesday, March 19th. This represents a $1.60 dividend on an annualized basis and a dividend yield of 1.23%. The ex-dividend date of this dividend is Tuesday, February 18th. This is a boost from Xylem’s previous quarterly dividend of $0.36.

Xylem has raised its dividend payment by an average of 8.7% per year over the last three years. Xylem has a payout ratio of 27.4% indicating that its dividend is sufficiently covered by earnings. Equities research 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 Trading Up 0.3 %

Shares of XYL stock traded up $0.38 during mid-day trading on Wednesday, hitting $129.62. 1,370,659 shares of the company’s stock were exchanged, compared to its average volume of 1,314,096. The stock has a market cap 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 quick ratio of 1.42, a current ratio of 1.96 and a debt-to-equity ratio of 0.19. Xylem has a fifty-two week low of $113.26 and a fifty-two week high of $146.08. The stock has a 50-day simple moving average of $120.66 and a two-hundred day simple moving average of $127.57.

Xylem (NYSE:XYL) last posted its quarterly earnings results on Tuesday, February 4th. The industrial products company reported $1.18 EPS for the quarter, beating the consensus estimate of $1.12 by $0.06. The company had revenue of $2.30 billion during 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 firm’s revenue was up 8.6% on a year-over-year basis. During the same quarter in the previous year, the business earned $0.99 EPS. Equities analysts expect that Xylem will post 4.22 EPS for the current fiscal year.

Analyst Ratings Changes

A number of research firms have recently commented on XYL. Robert W. Baird upped their price objective on Xylem from $139.00 to $148.00 and gave the stock an “outperform” rating in a report on Wednesday. TD Cowen decreased their price objective on shares of Xylem from $138.00 to $125.00 and set a “hold” rating for the company in a research note on Wednesday, November 6th. Stifel Nicolaus reduced their target price on shares of Xylem from $166.00 to $150.00 and set a “buy” rating on the stock in a report on Friday, January 24th. Citigroup reduced their price objective on Xylem from $148.00 to $147.00 and set a “buy” rating on the stock in a research note on Monday, January 13th. Finally, Royal Bank of Canada dropped their target price on Xylem from $163.00 to $162.00 and set an “outperform” rating on the stock in a report on Friday, November 1st. Three research analysts have rated the stock with a hold rating and eight have given a buy rating to the stock. Based on data from MarketBeat.com, the stock presently has a consensus 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.