Somewhat Favorable News Coverage Somewhat Unlikely to Impact Xylem (XYL) Stock Price
News headlines about Xylem (NYSE:XYL) have trended somewhat positive on Sunday, Accern reports. Accern scores the sentiment of press coverage by reviewing more than 20 million news and blog sources in real-time. Accern ranks coverage of companies on a scale of negative one to one, with scores closest to one being the most favorable. Xylem earned a news impact score of 0.17 on Accern’s scale. Accern also assigned news headlines about the industrial products company an impact score of 46.8152243703256 out of 100, meaning that recent press coverage is somewhat unlikely to have an impact on the stock’s share price in the next few days.
These are some of the headlines that may have effected Accern’s scoring:
- Xylem Employees Awarded For Volunteer Work (patch.com)
- Xylem Inc (XYL) Receives Average Recommendation of “Buy” from Analysts (americanbankingnews.com)
- Xylem included in Barron’s 100 Most Sustainable Companies (filtsep.com)
- Xylem (XYL) Downgraded by Zacks Investment Research (americanbankingnews.com)
- Xylem Inc (XYL) Director Curtis J. Crawford Sells 7,948 Shares (americanbankingnews.com)
Xylem (NYSE:XYL) traded up $0.52 during midday trading on Friday, reaching $75.23. The company had a trading volume of 956,262 shares, compared to its average volume of 1,160,000. Xylem has a 12-month low of $46.95 and a 12-month high of $76.81. The stock has a market cap of $13,510.00, a P/E ratio of 41.11, a P/E/G ratio of 1.44 and a beta of 1.20. The company has a quick ratio of 1.41, a current ratio of 1.88 and a debt-to-equity ratio of 0.87.
The business also recently announced a quarterly dividend, which will be paid on Thursday, March 15th. Shareholders of record on Thursday, February 15th will be issued a dividend of $0.21 per share. This represents a $0.84 dividend on an annualized basis and a yield of 1.12%. The ex-dividend date is Wednesday, February 14th. This is a boost from Xylem’s previous quarterly dividend of $0.18. Xylem’s dividend payout ratio is 45.90%.
A number of equities analysts have recently issued reports on XYL shares. Zacks Investment Research downgraded Xylem from a “buy” rating to a “hold” rating in a research note on Monday, January 22nd. Royal Bank of Canada reaffirmed a “buy” rating and issued a $80.00 price objective on shares of Xylem in a research note on Thursday, January 4th. Canaccord Genuity reaffirmed a “hold” rating and issued a $65.00 price objective on shares of Xylem in a research note on Monday, December 11th. Boenning Scattergood reaffirmed a “buy” rating on shares of Xylem in a research note on Friday, December 15th. Finally, Oppenheimer raised their price objective on Xylem from $66.00 to $75.00 and gave the company an “outperform” rating in a research note on Wednesday, November 1st. Six investment analysts have rated the stock with a hold rating and eight have issued a buy rating to the company. Xylem currently has a consensus rating of “Buy” and an average target price of $70.08.
In other Xylem news, Director Steven R. Loranger sold 47,712 shares of the stock in a transaction on Monday, December 18th. The stock was sold at an average price of $68.10, for a total transaction of $3,249,187.20. Following the sale, the director now owns 68,843 shares in the company, valued at approximately $4,688,208.30. The sale was disclosed in a legal filing with the SEC, which is available through this link. 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 value of $570,427.96. Following the sale, the director now 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 quarter, insiders have sold 75,455 shares of company stock worth $5,166,873. 0.75% of the stock is owned by insiders.
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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.
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