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

Xylem Inc. (NYSE:XYL - Get Free Report) declared a quarterly dividend on Friday, May 17th, Wall Street Journal reports. Investors of record on Thursday, May 30th will be given a dividend of 0.36 per share by the industrial products company on Thursday, June 27th. This represents a $1.44 dividend on an annualized basis and a yield of 0.99%. The ex-dividend date of this dividend is Thursday, May 30th.

Xylem has increased its dividend 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 payout ratio of 30.5% indicating that its dividend is sufficiently covered by earnings. Research analysts expect Xylem to earn $4.73 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 30.4%.

Xylem Stock Up 1.8 %

NYSE:XYL traded up $2.53 during mid-day trading on Monday, reaching $145.85. The stock had a trading volume of 1,242,757 shares, compared to its average volume of 1,192,742. The company has a market capitalization of $35.36 billion, a price-to-earnings ratio of 51.90, a price-to-earnings-growth ratio of 2.67 and a beta of 1.08. Xylem has a 1-year low of $87.59 and a 1-year high of $145.93. The stock's 50 day simple moving average is $132.09 and its two-hundred day simple moving average is $119.52. The company has a debt-to-equity ratio of 0.19, a current ratio of 1.67 and a quick ratio of 1.22.

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

Wall Street Analyst Weigh In

XYL has been the subject of a number of research reports. Mizuho lifted their target price on Xylem from $110.00 to $135.00 and gave the company a "neutral" rating in a research note on Friday, May 3rd. Robert W. Baird boosted their price objective on Xylem from $151.00 to $155.00 and gave the stock an "outperform" rating in a research report on Friday, May 3rd. BNP Paribas started coverage on Xylem in a research report on Tuesday, March 12th. They set an "outperform" rating and a $150.00 price objective for the company. Citigroup boosted their price objective on Xylem from $126.00 to $139.00 and gave the stock a "neutral" rating in a research report on Monday, April 8th. Finally, Stifel Nicolaus boosted their price objective on Xylem from $136.00 to $150.00 and gave the stock a "buy" rating in a research report on Wednesday, February 7th. Five investment analysts have rated the stock with a hold rating and eight have issued a buy rating to the stock. Based on data from MarketBeat, the stock has an average rating of "Moderate Buy" and an average target price of $140.70.

Insider Buying and Selling

In related news, CAO Geri-Michelle Mcshane sold 1,000 shares of the business's stock in a transaction that occurred on Tuesday, February 20th. The stock was sold at an average price of $122.89, for a total transaction of $122,890.00. Following the sale, the chief accounting officer now owns 2,935 shares of the company's stock, valued at $360,682.15. The sale was disclosed in a filing with the SEC, which is available through the SEC website. 0.27% of the stock is owned by corporate insiders.

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.