Xylem Inc. (NYSE:XYL) Plans Quarterly Dividend of $0.33

Xylem Inc. (NYSE:XYL – Get Rating) declared a quarterly dividend on Thursday, May 18th, Wall Street Journal reports. Stockholders of record on Tuesday, May 30th will be paid a dividend of 0.33 per share by the industrial products company on Wednesday, June 28th. This represents a $1.32 dividend on an annualized basis and a dividend yield of 1.31%. The ex-dividend date is Friday, May 26th.

Xylem has raised its dividend by an average of 7.7% per year over the last three years and has raised its dividend every year for the last 12 years. Xylem has a dividend payout ratio of 35.7% indicating that its dividend is sufficiently covered by earnings. Equities analysts expect Xylem to earn $3.67 per share next year, which means the company should continue to be able to cover its $1.32 annual dividend with an expected future payout ratio of 36.0%.

Xylem Trading Down 3.0 %

XYL opened at $101.06 on Thursday. The company has a current ratio of 2.01, a quick ratio of 1.44 and a debt-to-equity ratio of 0.52. Xylem has a 12 month low of $72.08 and a 12 month high of $118.58. The firm’s fifty day simple moving average is $102.79 and its 200 day simple moving average is $106.33. The stock has a market capitalization of $18.25 billion, a P/E ratio of 49.30, a P/E/G ratio of 2.64 and a beta of 1.07.

Xylem (NYSE:XYL – Get Rating) last announced its earnings results on Thursday, May 4th. The industrial products company reported $0.72 EPS for the quarter, topping the consensus estimate of $0.62 by $0.10. Xylem had a net margin of 6.53% and a return on equity of 16.63%. The business had revenue of $1.45 billion during the quarter, compared to the consensus estimate of $1.35 billion. During the same quarter in the previous year, the firm posted $0.47 EPS. Xylem’s revenue was up 13.8% compared to the same quarter last year. As a group, research analysts anticipate that Xylem will post 3.28 EPS for the current fiscal year.

Wall Street Analyst Weigh In

XYL has been the topic of several research analyst reports. StockNews.com began coverage on shares of Xylem in a research note on Thursday, May 18th. They set a “hold” rating on the stock. Mizuho reiterated a “neutral” rating and issued a $105.00 target price on shares of Xylem in a research note on Wednesday, February 8th. Citigroup cut their price objective on shares of Xylem from $123.00 to $121.00 and set a “neutral” rating for the company in a research report on Wednesday, February 8th. TheStreet lowered shares of Xylem from a “b” rating to a “c+” rating in a research report on Thursday, May 4th. Finally, Cowen boosted their price objective on shares of Xylem from $115.00 to $120.00 and gave the stock an “outperform” rating in a report on Tuesday, February 14th. One analyst has rated the stock with a sell rating, six have given a hold rating and six have issued a buy rating to the company. According to data from MarketBeat.com, the company has a consensus rating of “Hold” and a consensus target price of $114.80.

Insider Activity at Xylem

In other Xylem news, CEO Patrick Decker sold 56,298 shares of the business’s stock in a transaction dated Monday, March 13th. The shares were sold at an average price of $98.19, for a total value of $5,527,900.62. Following the completion of the transaction, the chief executive officer now directly owns 287,564 shares in the company, valued at $28,235,909.16. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through the SEC website. In related news, CEO Patrick Decker sold 56,298 shares of the company’s stock in a transaction that occurred on Monday, March 13th. The stock was sold at an average price of $98.19, for a total value of $5,527,900.62. Following the sale, the chief executive officer now owns 287,564 shares in the company, valued at $28,235,909.16. The sale was disclosed in a legal filing with the SEC, which is available through this link. Also, SVP Hayati Yarkadas sold 15,942 shares of the company’s stock in a transaction that occurred on Thursday, March 2nd. The stock was sold at an average price of $100.43, for a total value of $1,601,055.06. Following the completion of the sale, the senior vice president now owns 12,146 shares in the company, valued at approximately $1,219,822.78. The disclosure for this sale can be found here. 0.90% of the stock is currently owned by corporate insiders.

Institutional Inflows and Outflows

Hedge funds and other institutional investors have recently made changes to their positions in the business. Evergreen Capital Management LLC increased its stake in shares of Xylem by 1.9% in the 4th quarter. Evergreen Capital Management LLC now owns 5,319 shares of the industrial products company’s stock worth $588,000 after acquiring an additional 100 shares during the last quarter. Harbour Investments Inc. boosted its stake in shares of Xylem by 1.1% in the 1st quarter. Harbour Investments Inc. now owns 9,017 shares of the industrial products company’s stock valued at $944,000 after buying an additional 101 shares during the period. Fred Alger Management LLC boosted its stake in shares of Xylem by 3.2% in the 1st quarter. Fred Alger Management LLC now owns 5,766 shares of the industrial products company’s stock valued at $604,000 after buying an additional 180 shares during the period. Marietta Investment Partners LLC raised its position in shares of Xylem by 6.1% during the 1st quarter. Marietta Investment Partners LLC now owns 3,448 shares of the industrial products company’s stock worth $361,000 after acquiring an additional 198 shares in the last quarter. Finally, Captrust Financial Advisors raised its position in shares of Xylem by 0.6% during the 4th quarter. Captrust Financial Advisors now owns 38,304 shares of the industrial products company’s stock worth $4,235,000 after acquiring an additional 211 shares in the last quarter. Hedge funds and other institutional investors own 83.57% of the company’s stock.

Xylem Company Profile

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Xylem, Inc engages in the design, manufacture, and application of engineered technologies for the water industry. It operates through the following business segments: Water Infrastructure, Applied Water, and Measurement and Control Solutions. The Water Infrastructure segment focuses on the transportation, treatment and testing of water.