Xylem (NYSE:XYL) announced a quarterly dividend on Thursday, October 10th, Analyst Ratings News reports. Shareholders of record on Wednesday, October 23rd will be paid a dividend of $0.1164 per share on Wednesday, December 11th. This represents a $0.47 annualized dividend and a dividend yield of 1.67%.
A number of analysts have recently weighed in on XYL shares. Analysts at Zacks upgraded shares of Xylem from an “underperform” rating to a “neutral” rating in a research note to investors on Thursday. They now have a $29.00 price target on the stock. Finally, analysts at Barclays Capital upgraded shares of Xylem from an “equal weight” rating to an “overweight” rating in a research note to investors on Thursday, September 26th. They now have a $33.00 price target on the stock, up previously from $26.00. One equities research analyst has rated the stock with a sell rating, eight have assigned a hold rating and two have given a buy rating to the company. The stock currently has an average rating of “Hold” and a consensus target price of $28.50.
Xylem (NYSE:XYL) opened at 27.93 on Friday. Xylem has a 1-year low of $23.41 and a 1-year high of $29.79. The stock’s 50-day moving average is $26.71 and its 200-day moving average is $27.18. The company has a market cap of $5.175 billion and a price-to-earnings ratio of 22.52.
Xylem (NYSE:XYL) last announced its earnings results on Tuesday, July 30th. The company reported $0.36 EPS for the quarter, missing the Thomson Reuters consensus estimate of $0.44 by $0.08. The company had revenue of $960.00 million for the quarter, compared to the consensus estimate of $967.90 million. During the same quarter in the prior year, the company posted $0.49 earnings per share. The company’s quarterly revenue was down .6% on a year-over-year basis. Analysts expect that Xylem will post $1.43 EPS for the current fiscal year.
Xylem Inc (NYSE:XYL), formerly ITT WCO, Inc, is a provider of equipment and service for water and wastewater applications with a portfolio of products and services addressing the full cycle of water, from collection, distribution and use to the return of water to the environment.
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