Xylem Inc (XYL) Receives Consensus Rating of “Buy” from Brokerages
Shares of Xylem Inc (NYSE:XYL) have been assigned a consensus rating of “Buy” from the sixteen analysts that are currently covering the stock, MarketBeat reports. One investment analyst has rated the stock with a sell rating, six have assigned a hold rating and nine have given a buy rating to the company. The average 12-month target price among analysts that have issued a report on the stock in the last year is $79.50.
A number of research firms have recently weighed in on XYL. Janney Montgomery Scott lowered Xylem from a “buy” rating to a “neutral” rating in a research note on Friday, March 29th. Zacks Investment Research lowered Xylem from a “buy” rating to a “hold” rating in a research report on Saturday, February 9th. Oppenheimer set a $80.00 price target on Xylem and gave the company a “buy” rating in a research report on Monday, February 4th. Stifel Nicolaus upped their price target on Xylem from $80.00 to $93.00 and gave the company a “buy” rating in a research report on Tuesday, April 16th. Finally, ValuEngine lowered Xylem from a “buy” rating to a “hold” rating in a research report on Monday, February 4th.
Shares of NYSE XYL traded up $0.16 during midday trading on Tuesday, reaching $82.93. The company had a trading volume of 660,161 shares, compared to its average volume of 784,079. Xylem has a one year low of $60.65 and a one year high of $83.49. The company has a current ratio of 1.51, a quick ratio of 1.08 and a debt-to-equity ratio of 0.74. The firm has a market cap of $14.92 billion, a PE ratio of 28.80, a price-to-earnings-growth ratio of 1.43 and a beta of 1.14.
In other Xylem news, insider Colin R. Sabol sold 15,930 shares of the company’s stock in a transaction that occurred on Thursday, April 11th. The stock was sold at an average price of $80.45, for a total transaction of $1,281,568.50. Following the transaction, the insider now owns 54,543 shares in the company, valued at approximately $4,387,984.35. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, insider Kenneth Napolitano sold 5,000 shares of the company’s stock in a transaction that occurred on Monday, April 1st. The stock was sold at an average price of $80.64, for a total value of $403,200.00. Following the transaction, the insider now owns 51,228 shares in the company, valued at approximately $4,131,025.92. The disclosure for this sale can be found here. Insiders have sold a total of 80,195 shares of company stock worth $6,000,933 in the last quarter. Company insiders own 0.85% of the company’s stock.
Several hedge funds have recently bought and sold shares of XYL. Liberty Wealth Management LLC purchased a new stake in Xylem during the 4th quarter valued at $35,000. Doyle Wealth Management bought a new position in shares of Xylem during the 4th quarter valued at $36,000. CWM LLC lifted its holdings in shares of Xylem by 100.9% during the 4th quarter. CWM LLC now owns 681 shares of the industrial products company’s stock valued at $45,000 after buying an additional 342 shares during the period. Meeder Asset Management Inc. lifted its holdings in shares of Xylem by 5,057.1% during the 4th quarter. Meeder Asset Management Inc. now owns 722 shares of the industrial products company’s stock valued at $48,000 after buying an additional 708 shares during the period. Finally, Essex Savings Bank bought a new position in shares of Xylem during the 4th quarter valued at $53,000. Hedge funds and other institutional investors own 86.64% of the company’s stock.
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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