Xylem Inc. (XYL) to Issue Quarterly Dividend of $0.15
Xylem Inc. (NYSE:XYL) announced a quarterly dividend on Thursday, October 13th. Shareholders of record on Wednesday, November 9th will be given a dividend of 0.1549 per share on Wednesday, December 7th. This represents a $0.62 annualized dividend and a yield of 1.25%.
Xylem (NYSE:XYL) traded down 0.90% during midday trading on Thursday, reaching $49.66. 1,289,840 shares of the company’s stock traded hands. The company has a market cap of $8.90 billion, a P/E ratio of 26.51 and a beta of 1.15. Xylem has a 52-week low of $31.67 and a 52-week high of $53.25. The stock has a 50-day moving average of $50.96 and a 200 day moving average of $46.37.
Xylem (NYSE:XYL) last released its quarterly earnings results on Tuesday, August 2nd. The company reported $0.48 EPS for the quarter, beating the Thomson Reuters’ consensus estimate of $0.47 by $0.01. Xylem had a net margin of 9.22% and a return on equity of 16.41%. The business had revenue of $932 million for the quarter, compared to the consensus estimate of $927.69 million. During the same period in the prior year, the company posted $0.43 earnings per share. Xylem’s revenue was up 1.3% compared to the same quarter last year. On average, analysts anticipate that Xylem will post $2.04 earnings per share for the current fiscal year.
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Several equities analysts recently commented on XYL shares. Atlantic Securities upgraded shares of Xylem from a “neutral” rating to an “overweight” rating and set a $54.00 price target on the stock in a research note on Monday, August 22nd. Oppenheimer Holdings Inc. reaffirmed an “outperform” rating and set a $52.00 price objective (up previously from $46.00) on shares of Xylem in a research report on Monday, June 20th. Royal Bank Of Canada upped their price objective on shares of Xylem from $47.00 to $51.00 and gave the stock an “outperform” rating in a research report on Tuesday, August 16th. Zacks Investment Research cut shares of Xylem from a “buy” rating to a “hold” rating in a research report on Friday, July 15th. Finally, Canaccord Genuity reaffirmed a “hold” rating and set a $50.00 price objective (up previously from $45.00) on shares of Xylem in a research report on Tuesday, August 16th. Nine investment analysts have rated the stock with a hold rating and six have assigned a buy rating to the company’s stock. The stock has an average rating of “Hold” and a consensus target price of $45.00.
In related news, insider Tomas Brannemo sold 8,524 shares of the firm’s stock in a transaction that occurred on Wednesday, August 17th. The shares were sold at an average price of $50.06, for a total value of $426,711.44. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. Also, insider Colin R. Sabol sold 27,473 shares of the firm’s stock in a transaction that occurred on Thursday, September 8th. The shares were sold at an average price of $50.91, for a total transaction of $1,398,650.43. Following the completion of the transaction, the insider now owns 65,530 shares of the company’s stock, valued at approximately $3,336,132.30. The disclosure for this sale can be found here. 0.77% of the stock is currently owned by insiders.
A number of hedge funds and other institutional investors have recently modified their holdings of the stock. National Asset Management Inc. acquired a new position in shares of Xylem during the second quarter worth about $309,000. Cubist Systematic Strategies LLC raised its position in shares of Xylem by 429.6% in the second quarter. Cubist Systematic Strategies LLC now owns 40,804 shares of the company’s stock worth $1,822,000 after buying an additional 33,100 shares during the period. Capital Guardian Trust Co. raised its position in shares of Xylem by 2,249.2% in the second quarter. Capital Guardian Trust Co. now owns 7,400 shares of the company’s stock worth $330,000 after buying an additional 7,085 shares during the period. Lombard Odier Asset Management USA Corp acquired a new position in shares of Xylem during the second quarter worth about $480,000. Finally, AQR Capital Management LLC raised its position in shares of Xylem by 11.9% in the second quarter. AQR Capital Management LLC now owns 481,629 shares of the company’s stock worth $21,505,000 after buying an additional 51,205 shares during the period. Institutional investors and hedge funds own 84.70% of the company’s stock.
Xylem Company Profile
Xylem Inc is engaged in the design, manufacturing, and application of engineered technologies for the water industry. The Company is an equipment and service provider for water and wastewater applications with a portfolio of products and services addressing the cycle of water, from collection, distribution and use to the return of water to the environment.
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