Xylem Inc. (NYSE:XYL) declared a quarterly dividend on Thursday, October 15th, Zacks reports. Shareholders of record on Thursday, November 5th will be given a dividend of 0.26 per share by the industrial products company on Thursday, December 3rd. This represents a $1.04 annualized dividend and a yield of 1.14%. The ex-dividend date is Wednesday, November 4th.
Xylem has increased its dividend payment by 54.9% over the last three years and has increased its dividend every year for the last 1 years.
Shares of XYL stock opened at $91.52 on Friday. The company has a market cap of $16.47 billion, a price-to-earnings ratio of 65.84, a price-to-earnings-growth ratio of 4.57 and a beta of 1.07. Xylem has a 52 week low of $54.62 and a 52 week high of $93.14. The company has a quick ratio of 1.97, a current ratio of 2.40 and a debt-to-equity ratio of 1.06. The firm has a 50 day moving average of $84.66 and a 200-day moving average of $72.95.
XYL has been the subject of several recent analyst reports. Raymond James raised their price objective on shares of Xylem from $85.00 to $93.00 and gave the stock an “outperform” rating in a research report on Thursday, October 8th. Oppenheimer reissued a “hold” rating on shares of Xylem in a research report on Thursday, July 30th. Jefferies Financial Group lifted their price target on shares of Xylem from $70.00 to $75.00 and gave the company a “hold” rating in a research report on Monday, July 27th. Credit Suisse Group lifted their price target on shares of Xylem from $62.00 to $69.00 and gave the company an “underperform” rating in a research report on Friday, July 31st. Finally, Robert W. Baird lifted their price target on shares of Xylem from $71.00 to $74.00 and gave the company a “neutral” rating in a research report on Friday, June 19th. Three investment analysts have rated the stock with a sell rating, thirteen have issued a hold rating and four have assigned a buy rating to the stock. The company presently has an average rating of “Hold” and an average target price of $72.13.
In other Xylem news, SVP David Flinton sold 1,008 shares of Xylem stock in a transaction on Monday, August 24th. The shares were sold at an average price of $80.86, for a total transaction of $81,506.88. Following the transaction, the senior vice president now directly owns 25,757 shares of the company’s stock, valued at approximately $2,082,711.02. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this hyperlink. Also, Director Markos I. Tambakeras sold 6,050 shares of Xylem stock in a transaction on Monday, October 5th. The stock was sold at an average price of $85.23, for a total value of $515,641.50. Following the sale, the director now owns 43,247 shares in the company, valued at $3,685,941.81. The disclosure for this sale can be found here. Insiders have sold a total of 42,658 shares of company stock worth $3,657,008 over the last ninety days. Insiders own 1.01% of the company’s stock.
Xylem Inc engages in the design, manufacture, and servicing of engineered products and solutions for the water and wastewater applications in the United States, Europe, the Asia Pacific, and internationally. It operates in three segments: Water Infrastructure, Applied Water, and Measurement & Control Solutions.
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