Xylem Inc. (XYL) To Go Ex-Dividend on November 26th

Xylem Inc. (NYSE:XYL) announced a quarterly dividend on Friday, November 15th,Wall Street Journal reports. Shareholders of record on Tuesday, November 26th will be given a dividend of 0.36 per share by the industrial products company on Tuesday, December 24th. This represents a $1.44 dividend on an annualized basis and a yield of 1.14%. The ex-dividend date is Tuesday, November 26th.

Xylem has increased its dividend by an average of 8.3% annually over the last three years and has raised its dividend every year for the last 12 years. Xylem has a payout ratio of 30.3% meaning its dividend is sufficiently covered by earnings. Analysts expect Xylem to earn $4.71 per share next year, which means the company should continue to be able to cover its $1.44 annual dividend with an expected future payout ratio of 30.6%.

Xylem Stock Up 1.2 %

Shares of XYL stock opened at $126.87 on Friday. The stock has a 50 day moving average of $130.14 and a 200-day moving average of $134.27. The firm has a market cap of $30.82 billion, a PE ratio of 37.10, a price-to-earnings-growth ratio of 2.34 and a beta of 1.05. The company has a quick ratio of 1.42, a current ratio of 1.96 and a debt-to-equity ratio of 0.19. Xylem has a 12 month low of $102.42 and a 12 month high of $146.08.

Xylem (NYSE:XYL) last released its earnings results on Thursday, October 31st. The industrial products company reported $1.11 EPS for the quarter, meeting the consensus estimate of $1.11. The firm had revenue of $2.10 billion during the quarter, compared to analysts’ expectations of $2.17 billion. Xylem had a net margin of 9.85% and a return on equity of 9.61%. The business’s quarterly revenue was up .2% compared to the same quarter last year. During the same period in the prior year, the company earned $0.99 EPS. On average, equities analysts predict that Xylem will post 4.23 EPS for the current year.

Wall Street Analyst Weigh In

A number of research firms recently weighed in on XYL. Royal Bank of Canada decreased their target price on Xylem from $163.00 to $162.00 and set an “outperform” rating on the stock in a research report on Friday, November 1st. Stifel Nicolaus boosted their price objective on Xylem from $170.00 to $172.00 and gave the company a “buy” rating in a research report on Wednesday, July 31st. UBS Group assumed coverage on Xylem in a research report on Tuesday, August 13th. They issued a “buy” rating and a $165.00 target price for the company. TD Cowen decreased their price target on shares of Xylem from $138.00 to $125.00 and set a “hold” rating on the stock in a research note on Wednesday, November 6th. Finally, Robert W. Baird dropped their price objective on shares of Xylem from $175.00 to $154.00 and set an “outperform” rating for the company in a research note on Friday, November 1st. Four equities research analysts have rated the stock with a hold rating and eight have given a buy rating to the company. Based on data from MarketBeat, the stock has an average rating of “Moderate Buy” and an average target price of $149.64.

About Xylem

Xylem Inc, together with its subsidiaries, engages in the design, manufacture, and servicing of engineered products and solutions worldwide. It operates through four segments: Water Infrastructure, Applied Water, Measurement & Control Solutions, and Integrated Solutions and Services. The Water Infrastructure segment offers products, including water, storm water, and wastewater pumps; controls and systems; filtration, disinfection, and biological treatment equipment; and mobile dewatering equipment and rental services under the ADI, Flygt, Godwin, Sanitaire, Magneto, Neptune Benson, Ionpure, Leopold, Wedeco, and Xylem Vue brands.