Xylem Inc. (NYSE:XYL) to Issue $0.43 Quarterly Dividend

Xylem Inc. (NYSE:XYL) declared a quarterly dividend on Friday, May 15th. Shareholders of record on Thursday, May 28th will be given a dividend of 0.43 per share by the industrial products company on Thursday, June 25th. This represents a c) dividend on an annualized basis and a dividend yield of 1.6%. The ex-dividend date is Thursday, May 28th.

Xylem has increased its dividend by an average of 0.1%annually over the last three years and has raised its dividend every year for the last 2 years. Xylem has a dividend payout ratio of 33.3% meaning its dividend is sufficiently covered by earnings. Equities analysts expect Xylem to earn $6.04 per share next year, which means the company should continue to be able to cover its $1.72 annual dividend with an expected future payout ratio of 28.5%.

Xylem Stock Up 0.1%

XYL stock opened at $110.41 on Tuesday. Xylem has a fifty-two week low of $105.29 and a fifty-two week high of $154.27. The business’s 50 day moving average price is $118.69 and its two-hundred day moving average price is $130.76. The company has a debt-to-equity ratio of 0.13, a quick ratio of 1.10 and a current ratio of 1.46. The company has a market capitalization of $26.24 billion, a price-to-earnings ratio of 27.46, a price-to-earnings-growth ratio of 1.57 and a beta of 1.08.

Xylem (NYSE:XYL) last posted its earnings results on Tuesday, April 28th. The industrial products company reported $1.12 earnings per share for the quarter, topping analysts’ consensus estimates of $1.09 by $0.03. The firm had revenue of $2.13 billion for the quarter, compared to the consensus estimate of $2.11 billion. Xylem had a return on equity of 11.26% and a net margin of 10.79%.The business’s revenue for the quarter was up 2.7% on a year-over-year basis. During the same quarter in the prior year, the business earned $1.03 EPS. Xylem has set its FY 2026 guidance at 5.350-5.600 EPS. As a group, analysts forecast that Xylem will post 5.51 earnings per share for the current fiscal year.

Insiders Place Their Bets

In related news, CAO Geri-Michelle Mcshane sold 4,269 shares of the firm’s stock in a transaction on Thursday, May 7th. The stock was sold at an average price of $117.46, for a total value of $501,436.74. Following the transaction, the chief accounting officer directly owned 3,605 shares of the company’s stock, valued at approximately $423,443.30. This trade represents a 54.22% decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. Also, Director Jerome A. Peribere bought 1,210 shares of the firm’s stock in a transaction that occurred on Monday, May 4th. The stock was bought at an average cost of $116.61 per share, for a total transaction of $141,098.10. Following the completion of the acquisition, the director owned 27,209 shares in the company, valued at $3,172,841.49. This trade represents a 4.65% increase in their position. Additional details regarding this purchase are available in the official SEC disclosure. 0.32% of the stock is currently owned by company insiders.

Hedge Funds Weigh In On Xylem

A number of institutional investors have recently bought and sold shares of XYL. AQR Capital Management LLC raised its holdings in Xylem by 14.4% in the 1st quarter. AQR Capital Management LLC now owns 30,955 shares of the industrial products company’s stock worth $3,645,000 after purchasing an additional 3,900 shares during the period. NewEdge Advisors LLC raised its holdings in Xylem by 3.3% in the 1st quarter. NewEdge Advisors LLC now owns 4,151 shares of the industrial products company’s stock worth $496,000 after purchasing an additional 132 shares during the period. Empowered Funds LLC increased its stake in Xylem by 56.1% in the 1st quarter. Empowered Funds LLC now owns 8,678 shares of the industrial products company’s stock worth $1,037,000 after buying an additional 3,120 shares in the last quarter. Arrowstreet Capital Limited Partnership increased its stake in Xylem by 97.6% in the 2nd quarter. Arrowstreet Capital Limited Partnership now owns 11,151 shares of the industrial products company’s stock worth $1,442,000 after buying an additional 5,509 shares in the last quarter. Finally, EverSource Wealth Advisors LLC increased its stake in Xylem by 114.0% in the 2nd quarter. EverSource Wealth Advisors LLC now owns 1,192 shares of the industrial products company’s stock worth $154,000 after buying an additional 635 shares in the last quarter. 87.96% of the stock is owned by institutional investors.

About Xylem

Xylem Inc (NYSE: XYL) is a global water technology company that designs, manufactures and services engineered systems and equipment for the transport, treatment, testing and efficient use of water. Its product portfolio spans pumps and pumping systems, valves, filtration and disinfection equipment, sensors and analytical instruments, and digital solutions for monitoring and control of water infrastructure. Xylem serves the full water cycle with offerings for water and wastewater utilities, industrial customers, commercial and residential buildings, and agricultural applications.

The company was established as an independent publicly traded company in 2011 following a corporate spin-off from ITT Corporation and is headquartered in Rye Brook, New York.