Xylem Inc. (XYL) to Issue Quarterly Dividend of $0.36 on December 24th

Xylem Inc. (NYSE:XYL) declared a quarterly dividend on Friday, November 15th,Wall Street Journal reports. Investors of record on Tuesday, November 26th will be paid 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 dividend yield of 1.14%. The ex-dividend date is Tuesday, November 26th.

Xylem has increased its dividend by an average of 8.3% annually over the last three years and has increased its dividend annually for the last 12 consecutive years. Xylem has a payout ratio of 30.3% meaning its dividend is sufficiently covered by earnings. Equities 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 Price Performance

NYSE:XYL opened at $126.87 on Friday. The firm’s fifty day moving average is $130.14 and its two-hundred day moving average is $134.27. The firm has a market cap of $30.82 billion, a price-to-earnings ratio of 37.10, a PEG ratio of 2.34 and a beta of 1.05. The company has a debt-to-equity ratio of 0.19, a quick ratio of 1.42 and a current ratio of 1.96. Xylem has a one year low of $102.42 and a one year high of $146.08.

Xylem (NYSE:XYL) last issued its earnings results on Thursday, October 31st. The industrial products company reported $1.11 EPS for the quarter, hitting analysts’ consensus estimates of $1.11. The firm 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 was up .2% compared to the same quarter last year. During the same quarter in the prior year, the business earned $0.99 earnings per share. Research analysts expect that Xylem will post 4.23 EPS for the current year.

Analysts Set New Price Targets

A number of equities analysts recently weighed in on the company. Royal Bank of Canada reduced their price target on Xylem from $163.00 to $162.00 and set an “outperform” rating for the company in a report on Friday, November 1st. Stifel Nicolaus boosted their price target on shares of Xylem from $170.00 to $172.00 and gave the stock a “buy” rating in a report on Wednesday, July 31st. Robert W. Baird decreased their price objective on shares of Xylem from $175.00 to $154.00 and set an “outperform” rating on the stock in a report on Friday, November 1st. TD Cowen cut their target price 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. Finally, UBS Group initiated coverage on shares of Xylem in a research note on Tuesday, August 13th. They issued a “buy” rating and a $165.00 price target on the stock. Four investment analysts have rated the stock with a hold rating and eight have given a buy rating to the stock. According to data from MarketBeat.com, the stock currently has a consensus rating of “Moderate Buy” and an average target price of $149.64.

About Xylem

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.