Xylem Inc. (NYSE:XYL) Plans Dividend Increase – $0.40 Per Share

Xylem Inc. (NYSE:XYL) declared a quarterly dividend on Tuesday, February 4th,Wall Street Journal reports. Shareholders of record on Tuesday, February 18th will be given a dividend of 0.40 per share by the industrial products company on Wednesday, March 19th. This represents a $1.60 annualized dividend and a yield of 1.23%. The ex-dividend date of this dividend is Tuesday, February 18th. This is an increase from Xylem’s previous quarterly dividend of $0.36.

Xylem has increased its dividend by an average of 8.7% per year over the last three years. Xylem has a dividend payout ratio of 27.4% meaning its dividend is sufficiently covered by earnings. 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 %

Xylem stock opened at $129.62 on Thursday. The company’s fifty day simple moving average is $120.74 and its 200-day simple moving average is $127.58. 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 12 month low of $113.26 and a 12 month high of $146.08. The stock has a market cap of $31.49 billion, a P/E ratio of 37.90, a P/E/G ratio of 2.11 and a beta of 1.07.

Xylem (NYSE:XYL) last released its quarterly earnings data on Tuesday, February 4th. The industrial products company reported $1.18 earnings per share (EPS) for the quarter, beating the consensus estimate of $1.12 by $0.06. The business had revenue of $2.30 billion during the quarter, compared to analyst estimates of $2.18 billion. Xylem had a net margin of 9.85% and a return on equity of 9.61%. Xylem’s quarterly revenue was up 8.6% compared to the same quarter last year. During the same quarter in the previous year, the business earned $0.99 EPS. As a group, sell-side analysts forecast that Xylem will post 4.22 EPS for the current fiscal year.

Analyst Upgrades and Downgrades

XYL has been the subject of a number of research analyst reports. Citigroup cut their target price on shares of Xylem from $148.00 to $147.00 and set a “buy” rating for the company in a research report on Monday, January 13th. Wolfe Research reissued a “peer perform” rating on shares of Xylem in a research note on Thursday, December 12th. Stifel Nicolaus lowered their target price on shares of Xylem from $166.00 to $150.00 and set a “buy” rating on the stock in a research note on Friday, January 24th. TD Cowen decreased their price objective on shares of Xylem from $138.00 to $125.00 and set a “hold” rating on the stock in a research note on Wednesday, November 6th. Finally, Royal Bank of Canada reduced their target price on shares of Xylem from $163.00 to $162.00 and set an “outperform” rating on the stock in a research report on Friday, November 1st. Three investment analysts have rated the stock with a hold rating and eight have issued a buy rating to the stock. According to MarketBeat, Xylem presently has an average rating of “Moderate Buy” and an average target price 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.