Xylem Inc. (NYSE:XYL) to Issue $0.43 Quarterly Dividend

Xylem Inc. (NYSE:XYL) announced a quarterly dividend on Thursday, August 13th. Shareholders of record on Thursday, August 27th will be paid a dividend of 0.43 per share by the industrial products company on Thursday, September 24th. This represents a c) dividend on an annualized basis and a yield of 1.4%. The ex-dividend date is Thursday, August 27th.

Xylem has raised its dividend by an average of 0.1%per year over the last three years and has increased its dividend every year for the last 2 years. Xylem has a dividend payout ratio of 33.3% indicating that its dividend is sufficiently covered by earnings. Research analysts expect Xylem to earn $6.13 per share next year, which means the company should continue to be able to cover its $1.72 annual dividend with an expected future payout ratio of 28.1%.

Xylem Price Performance

XYL stock opened at $120.35 on Friday. The stock’s 50 day moving average is $117.27 and its two-hundred day moving average is $120.66. Xylem has a 52-week low of $105.29 and a 52-week high of $154.27. The company has a market capitalization of $28.10 billion, a PE ratio of 28.65, a P/E/G ratio of 1.69 and a beta of 1.02. The company has a quick ratio of 1.24, a current ratio of 1.61 and a debt-to-equity ratio of 0.23.

Xylem (NYSE:XYL) last released its earnings results on Tuesday, July 28th. The industrial products company reported $1.46 EPS for the quarter, beating the consensus estimate of $1.34 by $0.12. Xylem had a return on equity of 11.77% and a net margin of 11.15%.The company had revenue of $2.34 billion during the quarter, compared to analysts’ expectations of $2.34 billion. During the same period in the prior year, the business posted $1.26 EPS. The business’s revenue was up 1.5% on a year-over-year basis. Xylem has set its FY 2026 guidance at 5.550-5.700 EPS. Analysts predict that Xylem will post 5.67 earnings per share for the current fiscal year.

Hedge Funds Weigh In On Xylem

A number of large investors have recently bought and sold shares of XYL. XXEC Inc. acquired a new position in Xylem in the second quarter valued at approximately $850,841,000. J. Stern & Co. LLP raised its position in shares of Xylem by 12,326.6% during the 4th quarter. J. Stern & Co. LLP now owns 45,448,168 shares of the industrial products company’s stock worth $6,189,132,000 after purchasing an additional 45,082,435 shares during the period. BlackRock Inc. bought a new stake in shares of Xylem in the 2nd quarter worth approximately $2,959,730,000. Bank of New York Mellon Corp bought a new stake in shares of Xylem in the 2nd quarter worth approximately $552,313,000. Finally, Norges Bank acquired a new position in Xylem during the 4th quarter valued at approximately $361,012,000. Institutional investors own 87.96% of the company’s stock.

Xylem Company Profile

Xylem Inc (NYSE: XYL) is a global water technology company that designs, manufactures and services engineered systems and equipment for the transport, treatment, testing and efficient use of water. Its product portfolio spans pumps and pumping systems, valves, filtration and disinfection equipment, sensors and analytical instruments, and digital solutions for monitoring and control of water infrastructure. Xylem serves the full water cycle with offerings for water and wastewater utilities, industrial customers, commercial and residential buildings, and agricultural applications.

The company was established as an independent publicly traded company in 2011 following a corporate spin-off from ITT Corporation and is headquartered in Rye Brook, New York.