Xylem Inc (XYL) Declares Quarterly Dividend of $0.13
Xylem (NYSE:XYL) declared a quarterly dividend on Monday, August 25th, Analyst Ratings.Net reports. Shareholders of record on Wednesday, September 10th will be given a dividend of 0.128 per share on Wednesday, September 24th. This represents a $0.51 dividend on an annualized basis and a yield of 1.35%.
A number of analysts have recently weighed in on XYL shares. Analysts at Wedbush raised their price target on shares of Xylem from $42.00 to $44.00 in a research note on Thursday, July 31st. Analysts at Citigroup Inc. reiterated a “neutral” rating on shares of Xylem in a research note on Monday, June 23rd. They now have a $41.00 price target on the stock, up previously from $38.00. Five research analysts have rated the stock with a hold rating and eight have issued a buy rating to the company’s stock. The stock currently has a consensus rating of “Buy” and an average price target of $38.75.
Xylem (NYSE:XYL) traded up 1.12% during mid-day trading on Monday, hitting $37.82. The stock had a trading volume of 402,715 shares. Xylem has a 52 week low of $24.18 and a 52 week high of $40.00. The stock has a 50-day moving average of $36.87 and a 200-day moving average of $37.30. The company has a market cap of $6.909 billion and a P/E ratio of 25.27.
Xylem (NYSE:XYL) last released its earnings data on Tuesday, July 29th. The company reported $0.48 earnings per share for the quarter, beating the analysts’ consensus estimate of $0.46 by $0.02. The company had revenue of $1.01 billion for the quarter, compared to the consensus estimate of $994.85 million. During the same quarter last year, the company posted $0.36 earnings per share. Xylem’s revenue was up 4.7% compared to the same quarter last year. Analysts expect that Xylem will post $1.96 EPS for the current fiscal year.
Xylem Inc (NYSE:XYL), formerly ITT WCO, Inc, is a provider of equipment and service for water and wastewater applications with a portfolio of products and services addressing the full cycle of water, from collection, distribution and use to the return of water to the environment.
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