Xylem (XYL) Receiving Somewhat Positive News Coverage, Analysis Finds
Media headlines about Xylem (NYSE:XYL) have trended somewhat positive on Thursday, Accern Sentiment reports. Accern rates the sentiment of news coverage by reviewing more than twenty million news and blog sources in real time. Accern ranks coverage of companies on a scale of -1 to 1, with scores closest to one being the most favorable. Xylem earned a media sentiment score of 0.20 on Accern’s scale. Accern also gave news headlines about the industrial products company an impact score of 45.7645594796641 out of 100, indicating that recent news coverage is somewhat unlikely to have an effect on the company’s share price in the immediate future.
These are some of the news headlines that may have effected Accern Sentiment Analysis’s scoring:
- Global Circulator Pumps Market 2018 – Grundfos, Wilo, Flowserve … – New Mexico Courier Express (newmexicocourierexpress.com)
- Xylem Opens New Facility in Warsaw – Pumps & Systems Magazine (press release) (pumpsandsystems.com)
- Zacks Investment Research Lowers Xylem (XYL) to Hold (americanbankingnews.com)
- Xylem calls for improved water resource data collection and sharing on World Water Day 2018 (finance.yahoo.com)
- Xylem Sees Unusually Large Options Volume (XYL) (americanbankingnews.com)
Shares of Xylem stock traded down $1.96 during mid-day trading on Thursday, hitting $77.38. 839,765 shares of the stock were exchanged, compared to its average volume of 1,045,861. The company has a debt-to-equity ratio of 0.87, a quick ratio of 1.41 and a current ratio of 1.88. The company has a market cap of $14,215.14, a PE ratio of 42.05, a price-to-earnings-growth ratio of 1.52 and a beta of 1.12. Xylem has a 12 month low of $48.13 and a 12 month high of $79.83.
The company also recently announced a quarterly dividend, which was paid on Thursday, March 15th. Stockholders of record on Thursday, February 15th were issued a $0.21 dividend. This represents a $0.84 dividend on an annualized basis and a dividend yield of 1.09%. This is a boost from Xylem’s previous quarterly dividend of $0.18. The ex-dividend date of this dividend was Wednesday, February 14th. Xylem’s dividend payout ratio is presently 45.65%.
A number of equities analysts have recently commented on XYL shares. Zacks Investment Research upgraded shares of Xylem from a “hold” rating to a “buy” rating and set a $81.00 price objective for the company in a research note on Saturday, February 10th. Royal Bank of Canada restated a “buy” rating and set a $80.00 price objective on shares of Xylem in a research note on Thursday, January 4th. Boenning Scattergood restated a “buy” rating on shares of Xylem in a research note on Friday, December 15th. BMO Capital Markets restated a “buy” rating and set a $83.00 price objective on shares of Xylem in a research note on Friday, January 26th. Finally, Seaport Global Securities restated a “buy” rating and set a $83.00 price objective on shares of Xylem in a research note on Friday, February 2nd. Five equities research analysts have rated the stock with a hold rating and nine have issued a buy rating to the stock. The stock currently has an average rating of “Buy” and an average price target of $73.00.
In other news, Director Curtis J. Crawford sold 7,948 shares of the company’s stock in a transaction dated 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 directly owns 55,245 shares of the company’s stock, valued at approximately $3,964,933.65. The sale was disclosed in a legal filing with the SEC, which can be accessed through the SEC website. Also, insider Tomas Brannemo sold 11,716 shares of the stock in a transaction dated Monday, March 5th. The shares were sold at an average price of $73.45, for a total transaction of $860,540.20. The disclosure for this sale can be found here. Over the last ninety days, insiders sold 21,105 shares of company stock worth $1,540,907. 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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