Xylem Inc. (NYSE:XYL) announced a quarterly dividend on Thursday, October 15th, Zacks reports. Stockholders 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 dividend on an annualized basis and a dividend yield of 1.14%. The ex-dividend date is Wednesday, November 4th.
Xylem has raised its dividend by 54.9% over the last three years and has increased its dividend every year for the last 1 years.
Xylem stock opened at $91.52 on Friday. The firm has a market capitalization of $16.47 billion, a PE ratio of 65.84, a price-to-earnings-growth ratio of 4.57 and a beta of 1.07. Xylem has a one year low of $54.62 and a one year high of $93.14. The stock’s 50 day moving average price is $84.66 and its 200 day moving average price is $72.95. The company has a debt-to-equity ratio of 1.06, a quick ratio of 1.97 and a current ratio of 2.40.
A number of brokerages have commented on XYL. Jefferies Financial Group boosted their price objective on shares of Xylem from $70.00 to $75.00 and gave the stock a “hold” rating in a report on Monday, July 27th. Rosenblatt Securities cut their price target on Xylem from $85.00 to $82.00 and set a “buy” rating on the stock in a research note on Thursday, July 30th. Royal Bank of Canada reissued a “buy” rating on shares of Xylem in a report on Sunday, September 13th. TheStreet raised Xylem from a “c+” rating to a “b-” rating in a research report on Monday, September 28th. Finally, Oppenheimer reiterated a “hold” rating on shares of Xylem in a research note on Thursday, July 30th. Three investment analysts have rated the stock with a sell rating, thirteen have assigned a hold rating and four have assigned a buy rating to the company’s stock. The stock currently has an average rating of “Hold” and a consensus price target of $72.13.
In related news, SVP David Flinton sold 1,008 shares of the stock in a transaction dated Monday, August 24th. The shares were sold at an average price of $80.86, for a total transaction of $81,506.88. Following the sale, the senior vice president now owns 25,757 shares in the company, valued at $2,082,711.02. The transaction was disclosed in a document filed with the SEC, which is available through this hyperlink. Also, Director Markos I. Tambakeras sold 6,050 shares of the stock in a transaction dated Monday, October 5th. The stock was sold at an average price of $85.23, for a total transaction of $515,641.50. Following the sale, the director now owns 43,247 shares in the company, valued at approximately $3,685,941.81. The disclosure for this sale can be found here. In the last ninety days, insiders sold 42,658 shares of company stock valued at $3,657,008. 1.01% of the stock is currently owned by corporate insiders.
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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