Xylem Inc (XYL) To Go Ex-Dividend on October 30th

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Xylem Inc (NYSE:XYL) announced a quarterly dividend on Thursday, October 17th, Zacks reports. Investors of record on Thursday, October 31st will be paid a dividend of 0.24 per share by the industrial products company on Thursday, December 5th. This represents a $0.96 annualized dividend and a dividend yield of 1.14%. The ex-dividend date of this dividend is Wednesday, October 30th.

Shares of XYL traded up $1.01 on Monday, hitting $84.31. 16,044 shares of the stock traded hands, compared to its average volume of 752,354. The company has a market capitalization of $14.76 billion, a PE ratio of 29.26, a P/E/G ratio of 1.58 and a beta of 1.19. The company has a debt-to-equity ratio of 0.71, a quick ratio of 1.08 and a current ratio of 1.47. The business has a 50 day simple moving average of $78.16 and a 200 day simple moving average of $78.99. Xylem has a one year low of $60.65 and a one year high of $85.39.

Xylem (NYSE:XYL) last issued its earnings results on Thursday, August 1st. The industrial products company reported $0.79 earnings per share (EPS) for the quarter, hitting the Thomson Reuters’ consensus estimate of $0.79. Xylem had a net margin of 10.90% and a return on equity of 19.23%. The company had revenue of $1.35 billion for the quarter, compared to analysts’ expectations of $1.35 billion. During the same quarter last year, the company posted $0.73 earnings per share. The firm’s quarterly revenue was up 2.1% on a year-over-year basis. On average, equities analysts expect that Xylem will post 3.15 earnings per share for the current year.

Several brokerages recently issued reports on XYL. Zacks Investment Research cut shares of Xylem from a “hold” rating to a “sell” rating and set a $82.00 target price on the stock. in a report on Monday, October 14th. Jefferies Financial Group began coverage on shares of Xylem in a report on Friday, September 20th. They issued a “buy” rating and a $90.00 target price on the stock. Seaport Global Securities restated a “buy” rating on shares of Xylem in a report on Tuesday, October 15th. ValuEngine cut shares of Xylem from a “buy” rating to a “hold” rating in a report on Thursday, August 1st. Finally, Credit Suisse Group cut shares of Xylem from an “outperform” rating to a “neutral” rating in a report on Friday, August 2nd. One analyst has rated the stock with a sell rating, three have given a hold rating and eight have given a buy rating to the company’s stock. The company presently has an average rating of “Buy” and an average price target of $83.09.

In other news, insider Kenneth Napolitano sold 5,000 shares of Xylem stock in a transaction on Monday, August 5th. The shares were sold at an average price of $75.23, for a total transaction of $376,150.00. Following the transaction, the insider now owns 46,228 shares in the company, valued at approximately $3,477,732.44. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink. Also, SVP Colin R. Sabol sold 4,099 shares of Xylem stock in a transaction on Tuesday, October 1st. The stock was sold at an average price of $78.37, for a total transaction of $321,238.63. Following the transaction, the senior vice president now owns 33,518 shares in the company, valued at approximately $2,626,805.66. The disclosure for this sale can be found here. Insiders have sold a total of 19,099 shares of company stock worth $1,464,339 in the last quarter. Corporate insiders own 0.85% of the company’s stock.

About Xylem

Xylem Inc engages in the design, manufacture, and servicing of engineered products and solutions for the water and wastewater applications. It operates in three segments: Water Infrastructure, Applied Water, and Measurement & Control Solutions. The Water Infrastructure segment offers various products, including water and wastewater pumps; controls and systems; filtration, disinfection, and biological treatment equipment; and mobile dewatering equipment under the Flygt, Godwin, Wedeco, Sanitaire, and Leopold names for the transportation and treatment of water.

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Dividend History for Xylem (NYSE:XYL)

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