Xylem Inc (NYSE:XYL) announced a quarterly dividend on Wednesday, January 31st, Zacks reports. Investors of record on Thursday, February 15th will be given a dividend of 0.21 per share by the industrial products company on Thursday, March 15th. This represents a $0.84 dividend on an annualized basis and a yield of 1.17%. The ex-dividend date of this dividend is Wednesday, February 14th. This is a boost from Xylem’s previous quarterly dividend of $0.18.

Xylem has increased its dividend by an average of 12.0% annually over the last three years and has increased its dividend annually for the last 5 consecutive years. Xylem has a dividend payout ratio of 30.1% meaning its dividend is sufficiently covered by earnings. Analysts expect Xylem to earn $3.36 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 21.4%.

Xylem (NYSE:XYL) opened at $71.93 on Tuesday. The company has a market cap of $12,719.27, a price-to-earnings ratio of 29.63, a PEG ratio of 1.35 and a beta of 1.20. Xylem has a twelve month low of $46.95 and a twelve month high of $76.81. The company has a quick ratio of 1.41, a current ratio of 1.88 and a debt-to-equity ratio of 0.87.

Xylem (NYSE:XYL) last issued its quarterly earnings results on Thursday, February 1st. The industrial products company reported $0.76 EPS for the quarter, hitting the Zacks’ consensus estimate of $0.76. The firm had revenue of $1.28 billion for the quarter, compared to analyst estimates of $1.27 billion. Xylem had a net margin of 7.03% and a return on equity of 17.95%. The business’s revenue for the quarter was up 16.6% compared to the same quarter last year. During the same quarter in the prior year, the firm earned $0.66 EPS. equities research analysts expect that Xylem will post 2.91 earnings per share for the current fiscal year.

In related news, Director Steven R. Loranger sold 47,712 shares of the stock in a transaction on Monday, December 18th. The shares were sold at an average price of $68.10, for a total transaction of $3,249,187.20. Following the transaction, the director now owns 68,843 shares of the company’s stock, valued at approximately $4,688,208.30. The transaction was disclosed in a legal filing with the SEC, which is available through the SEC website. Also, Director Curtis J. Crawford sold 7,948 shares of the stock in a transaction on Thursday, February 8th. The shares were sold at an average price of $71.77, for a total transaction of $570,427.96. Following the transaction, the director now directly owns 55,245 shares in the company, valued at approximately $3,964,933.65. The disclosure for this sale can be found here. In the last ninety days, insiders have sold 75,455 shares of company stock worth $5,166,873. 0.75% of the stock is owned by insiders.

A number of brokerages have recently commented on XYL. Zacks Investment Research raised shares of Xylem from a “hold” rating to a “buy” rating and set a $81.00 price target on the stock in a report on Saturday. Seaport Global Securities reissued a “buy” rating and issued a $83.00 price target on shares of Xylem in a report on Friday, February 2nd. Canaccord Genuity reissued a “hold” rating and issued a $75.00 price target on shares of Xylem in a report on Sunday, January 28th. BMO Capital Markets reissued a “buy” rating and issued a $83.00 price target on shares of Xylem in a report on Friday, January 26th. Finally, Oppenheimer increased their price target on shares of Xylem to $82.00 and gave the stock an “outperform” rating in a report on Friday, February 2nd. Five analysts have rated the stock with a hold rating and nine have issued a buy rating to the company. Xylem has an average rating of “Buy” and an average target price of $70.08.

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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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