Xylem Inc. (XYL) Receives $59.55 Average PT from Brokerages
Xylem Inc. (NYSE:XYL) has been assigned a consensus rating of “Buy” from the fifteen analysts that are presently covering the firm, Marketbeat.com reports. Five research analysts have rated the stock with a hold rating and ten have assigned a buy rating to the company. The average 1-year price target among brokerages that have covered the stock in the last year is $59.55.
A number of research analysts recently weighed in on XYL shares. BidaskClub upgraded shares of Xylem from a “hold” rating to a “buy” rating in a research note on Wednesday, June 28th. Barclays PLC upgraded shares of Xylem from an “equal weight” rating to an “overweight” rating and lifted their price objective for the company from $51.00 to $59.00 in a research note on Monday, May 15th. BMO Capital Markets started coverage on shares of Xylem in a research note on Wednesday, June 21st. They issued an “outperform” rating and a $60.00 price objective for the company. CIBC reiterated a “buy” rating on shares of Xylem in a research note on Wednesday, May 10th. Finally, Stifel Nicolaus reiterated a “hold” rating and issued a $52.00 price objective on shares of Xylem in a research note on Thursday, July 6th.
Shares of Xylem (NYSE XYL) traded up 0.88% during mid-day trading on Wednesday, hitting $61.01. The company’s stock had a trading volume of 565,800 shares. The company has a 50-day moving average of $58.12 and a 200 day moving average of $52.71. Xylem has a 1-year low of $45.60 and a 1-year high of $61.39. The company has a market cap of $10.96 billion, a price-to-earnings ratio of 39.39 and a beta of 1.18.
Xylem (NYSE:XYL) last released its quarterly earnings data on Tuesday, August 1st. The industrial products company reported $0.59 earnings per share for the quarter, beating analysts’ consensus estimates of $0.57 by $0.02. Xylem had a net margin of 6.58% and a return on equity of 17.26%. The business had revenue of $1.16 billion during the quarter, compared to analyst estimates of $1.17 billion. During the same period in the previous year, the business earned $0.48 EPS. Xylem’s revenue was up 24.9% compared to the same quarter last year. On average, analysts expect that Xylem will post $2.37 EPS for the current year.
The business also recently announced a quarterly dividend, which will be paid on Wednesday, September 20th. Investors of record on Thursday, August 31st will be given a $0.18 dividend. The ex-dividend date is Tuesday, August 29th. This represents a $0.72 annualized dividend and a yield of 1.17%. Xylem’s dividend payout ratio (DPR) is presently 46.45%.
In related news, Director Steven R. Loranger sold 66,132 shares of the company’s stock in a transaction on Thursday, June 29th. The shares were sold at an average price of $55.01, for a total value of $3,637,921.32. Following the completion of the transaction, the director now directly owns 65,030 shares in the company, valued at $3,577,300.30. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, insider Kenneth Napolitano sold 9,052 shares of the company’s stock in a transaction on Wednesday, August 9th. The stock was sold at an average price of $60.16, for a total transaction of $544,568.32. Following the completion of the transaction, the insider now owns 35,303 shares of the company’s stock, valued at $2,123,828.48. The disclosure for this sale can be found here. 0.75% of the stock is currently owned by insiders.
Hedge funds and other institutional investors have recently made changes to their positions in the company. Bank of America Corp DE raised its position in shares of Xylem by 4.2% in the first quarter. Bank of America Corp DE now owns 2,251,684 shares of the industrial products company’s stock valued at $113,079,000 after buying an additional 91,478 shares during the period. Toronto Dominion Bank raised its position in shares of Xylem by 56.6% in the first quarter. Toronto Dominion Bank now owns 48,431 shares of the industrial products company’s stock valued at $2,433,000 after buying an additional 17,497 shares during the period. Highland Capital Management LLC bought a new position in shares of Xylem during the second quarter valued at about $560,000. Teachers Advisors LLC raised its position in shares of Xylem by 23.1% in the fourth quarter. Teachers Advisors LLC now owns 242,609 shares of the industrial products company’s stock valued at $12,014,000 after buying an additional 45,505 shares during the period. Finally, Meyer Handelman Co. raised its position in shares of Xylem by 1.2% in the first quarter. Meyer Handelman Co. now owns 21,666 shares of the industrial products company’s stock valued at $1,088,000 after buying an additional 266 shares during the period. Institutional investors own 86.47% of the company’s stock.
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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