Xylem Inc. (NYSE:XYL) announced a quarterly dividend on Thursday, October 12th, RTT News reports. Investors of record on Thursday, November 2nd will be given a dividend of 0.18 per share by the industrial products company on Wednesday, December 6th. This represents a $0.72 dividend on an annualized basis and a yield of 1.12%.

Xylem has decreased its dividend payment by an average of 0.1% annually over the last three years and has raised its dividend annually for the last 4 consecutive years. Xylem has a dividend payout ratio of 30.3% meaning its dividend is sufficiently covered by earnings. Equities research analysts expect Xylem to earn $2.74 per share next year, which means the company should continue to be able to cover its $0.72 annual dividend with an expected future payout ratio of 26.3%.

Xylem (NYSE:XYL) traded up 0.54% during midday trading on Thursday, reaching $64.66. 103,239 shares of the company were exchanged. The firm has a market cap of $11.61 billion, a P/E ratio of 41.74 and a beta of 1.17. The firm’s 50-day moving average is $62.95 and its 200-day moving average is $56.18. Xylem has a one year low of $45.60 and a one year high of $64.93.

Xylem (NYSE:XYL) last released its quarterly earnings results on Tuesday, August 1st. The industrial products company reported $0.59 EPS for the quarter, beating the Zacks’ consensus estimate of $0.57 by $0.02. Xylem had a net margin of 6.58% and a return on equity of 17.26%. The company had revenue of $1.16 billion for the quarter, compared to analyst estimates of $1.17 billion. During the same quarter last year, the firm posted $0.48 earnings per share. The company’s quarterly revenue was up 24.9% compared to the same quarter last year. On average, equities analysts expect that Xylem will post $2.37 EPS for the current fiscal year.

In related news, insider Kenneth Napolitano sold 9,052 shares of the business’s stock in a transaction on Wednesday, August 9th. The shares were sold at an average price of $60.16, for a total transaction of $544,568.32. Following the transaction, the insider now owns 35,303 shares of the company’s stock, valued at $2,123,828.48. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this hyperlink. Insiders own 0.75% of the company’s stock.

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XYL has been the topic of a number of recent analyst reports. Zacks Investment Research raised shares of Xylem from a “hold” rating to a “buy” rating and set a $62.00 price target on the stock in a research report on Tuesday, July 4th. BidaskClub raised shares of Xylem from a “hold” rating to a “buy” rating in a research report on Wednesday, June 28th. Oppenheimer Holdings, Inc. set a $58.00 price target on shares of Xylem and gave the company a “buy” rating in a research report on Tuesday, June 20th. Cowen and Company reissued a “buy” rating and issued a $70.00 price target on shares of Xylem in a research report on Thursday, September 21st. Finally, Canaccord Genuity reissued a “hold” rating and issued a $50.00 price target on shares of Xylem in a research report on Friday, July 28th. Six equities research analysts have rated the stock with a hold rating and ten have given a buy rating to the company’s stock. Xylem currently has an average rating of “Buy” and a consensus price target of $61.92.

Xylem Company Profile

Xylem Inc is a water technology company. The Company designs, manufactures and services engineered solutions across a range of critical applications. It 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.

Dividend History for Xylem (NYSE:XYL)

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