Xylem (XYL) Getting Somewhat Positive News Coverage, Analysis Finds
Media coverage about Xylem (NYSE:XYL) has trended somewhat positive recently, Accern reports. The research group rates the sentiment of media coverage by analyzing more than twenty million blog and news sources. Accern ranks coverage of public companies on a scale of negative one to one, with scores closest to one being the most favorable. Xylem earned a news sentiment score of 0.16 on Accern’s scale. Accern also assigned media stories about the industrial products company an impact score of 46.6715007046649 out of 100, indicating that recent media coverage is somewhat unlikely to have an effect on the company’s share price in the next several days.
These are some of the media stories that may have effected Accern’s scoring:
- Xylem Inc (XYL) Plans Dividend Increase – $0.21 Per Share (americanbankingnews.com)
- Brokerages Expect Xylem Inc (XYL) to Announce $0.52 Earnings Per Share (americanbankingnews.com)
- Xylem named to Barron’s 100 Most Sustainable Companies (markets.financialcontent.com)
- South Bend Tech Company Acquired (insideindianabusiness.com)
- Free Research Reports on These Machinery Stocks — Rockwell Automation, Middleby, Welbilt, and Xylem (prnewswire.com)
XYL has been the topic of a number of research reports. Stifel Nicolaus reaffirmed a “hold” rating and set a $63.00 target price on shares of Xylem in a research report on Friday, October 13th. Oppenheimer reiterated a “buy” rating on shares of Xylem in a report on Tuesday, October 31st. Boenning Scattergood reiterated a “buy” rating on shares of Xylem in a report on Friday, December 15th. Canaccord Genuity reiterated a “hold” rating and set a $65.00 price target on shares of Xylem in a report on Monday, December 11th. Finally, BMO Capital Markets reiterated a “buy” rating and set a $86.00 price target on shares of Xylem in a report on Friday, February 2nd. Six analysts have rated the stock with a hold rating and eight have issued a buy rating to the company. Xylem presently has a consensus rating of “Buy” and a consensus price target of $70.00.
Xylem (NYSE:XYL) last announced its quarterly earnings results on Thursday, February 1st. The industrial products company reported $0.76 earnings per share (EPS) for the quarter, hitting the Thomson Reuters’ consensus estimate of $0.76. The business had revenue of $1.28 billion during the quarter, compared to the consensus estimate of $1.27 billion. Xylem had a return on equity of 17.95% and a net margin of 7.03%. Xylem’s revenue was up 16.6% compared to the same quarter last year. During the same quarter in the prior year, the company posted $0.66 earnings per share. analysts forecast that Xylem will post 2.91 EPS for the current fiscal year.
The firm also recently disclosed a quarterly dividend, which will be paid on Thursday, March 15th. Shareholders of record on Thursday, February 15th will be paid a $0.21 dividend. This represents a $0.84 dividend on an annualized basis and a yield of 1.19%. The ex-dividend date is Wednesday, February 14th. This is an increase from Xylem’s previous quarterly dividend of $0.18. Xylem’s dividend payout ratio is 39.13%.
In other Xylem news, Director Steven R. Loranger sold 47,712 shares of the company’s stock in a transaction on Monday, December 18th. The stock was sold at an average price of $68.10, for a total value of $3,249,187.20. Following the completion of the transaction, the director now owns 68,843 shares in the company, valued at approximately $4,688,208.30. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, Director Steven R. Loranger sold 17,139 shares of the company’s stock in a transaction on Wednesday, December 20th. The shares were sold at an average price of $68.10, for a total value of $1,167,165.90. Following the completion of the transaction, the director now owns 26,150 shares of the company’s stock, valued at approximately $1,780,815. The disclosure for this sale can be found here. Insiders sold a total of 67,507 shares of company stock valued at $4,596,445 in the last 90 days. Corporate insiders own 0.75% of the company’s stock.
Xylem Company Profile
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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