Xylem (NYSE:XYL) Hits New 12-Month High After Dividend Announcement

Xylem Inc. (NYSE:XYL - Get Free Report)'s share price reached a new 52-week high on Monday after the company announced a dividend. The stock traded as high as $145.38 and last traded at $145.01, with a volume of 241283 shares trading hands. The stock had previously closed at $143.32.

The newly announced dividend which will be paid on Thursday, June 27th. Shareholders of record on Thursday, May 30th will be given a dividend of $0.36 per share. The ex-dividend date of this dividend is Thursday, May 30th. This represents a $1.44 annualized dividend and a yield of 0.99%. Xylem's dividend payout ratio (DPR) is currently 51.25%.

Analyst Upgrades and Downgrades

Several research firms have commented on XYL. Mizuho increased their price objective on shares of Xylem from $110.00 to $135.00 and gave the company a "neutral" rating in a research report on Friday, May 3rd. Citigroup increased their price objective on shares of Xylem from $126.00 to $139.00 and gave the company a "neutral" rating in a research report on Monday, April 8th. BNP Paribas initiated coverage on shares of Xylem in a research report on Tuesday, March 12th. They set an "outperform" rating and a $150.00 price objective for the company. Oppenheimer raised their target price on shares of Xylem from $142.00 to $147.00 and gave the stock an "outperform" rating in a report on Friday, May 3rd. Finally, Stifel Nicolaus raised their target price on shares of Xylem from $136.00 to $150.00 and gave the stock a "buy" rating in a report on Wednesday, February 7th. Five analysts have rated the stock with a hold rating and eight have assigned a buy rating to the company. According to MarketBeat, Xylem has a consensus rating of "Moderate Buy" and a consensus price target of $140.70.

Xylem Stock Up 1.8 %

The company has a current ratio of 1.67, a quick ratio of 1.22 and a debt-to-equity ratio of 0.19. The firm has a market cap of $35.36 billion, a PE ratio of 51.90, a P/E/G ratio of 2.67 and a beta of 1.08. The business's 50-day simple moving average is $132.09 and its 200 day simple moving average is $119.52.

Xylem (NYSE:XYL - Get Free Report) last posted its earnings results on Thursday, May 2nd. The industrial products company reported $0.90 EPS for the quarter, beating analysts' consensus estimates of $0.84 by $0.06. The business had revenue of $2.03 billion for the quarter, compared to the consensus estimate of $2 billion. Xylem had a net margin of 8.34% and a return on equity of 8.95%. The company's revenue for the quarter was up 40.4% on a year-over-year basis. During the same quarter last year, the firm posted $0.72 EPS. As a group, equities research analysts expect that Xylem Inc. will post 4.24 earnings per share for the current year.

Insider Buying and Selling at Xylem

In other news, CAO Geri-Michelle Mcshane sold 1,000 shares of Xylem stock in a transaction that occurred on Tuesday, February 20th. The shares were sold at an average price of $122.89, for a total value of $122,890.00. Following the transaction, the chief accounting officer now owns 2,935 shares of the company's stock, valued at approximately $360,682.15. The sale was disclosed in a legal filing with the SEC, which can be accessed through this link. Insiders own 0.27% of the company's stock.

Institutional Inflows and Outflows

Institutional investors and hedge funds have recently modified their holdings of the company. Bruce G. Allen Investments LLC purchased a new position in shares of Xylem in the 4th quarter worth approximately $27,000. FinTrust Capital Advisors LLC grew its position in Xylem by 170.9% during the 1st quarter. FinTrust Capital Advisors LLC now owns 317 shares of the industrial products company's stock worth $41,000 after purchasing an additional 200 shares during the last quarter. Hazlett Burt & Watson Inc. grew its position in Xylem by 184.9% during the 1st quarter. Hazlett Burt & Watson Inc. now owns 339 shares of the industrial products company's stock worth $43,000 after purchasing an additional 220 shares during the last quarter. NBC Securities Inc. purchased a new stake in Xylem during the 3rd quarter worth approximately $38,000. Finally, Spire Wealth Management grew its position in Xylem by 370.9% during the 4th quarter. Spire Wealth Management now owns 485 shares of the industrial products company's stock worth $54,000 after purchasing an additional 382 shares during the last quarter. Hedge funds and other institutional investors own 87.96% of the company's stock.

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.