Canaccord Genuity reissued their hold rating on shares of Xylem (NYSE:XYL) in a research note issued to investors on Monday. They currently have a $65.00 price target on the industrial products company’s stock.

“We believe XYL is executing well through choppy markets, and we see ample room for margin enhancement (business simplification, sourcing, localization). While short-cycle visibility should stay variable, product breadth and organizational optimization efforts, along with the Sensus deal, support more consistent results. We look to get constructive on a better risk/reward.”,” Canaccord Genuity’s analyst wrote.

Several other research firms also recently commented on XYL. Royal Bank of Canada restated an outperform rating and issued a $71.00 price target (up previously from $64.00) on shares of Xylem in a research note on Wednesday, October 4th. Stifel Nicolaus restated a hold rating and issued a $63.00 price target on shares of Xylem in a research note on Friday, October 13th. Zacks Investment Research upgraded shares of Xylem from a hold rating to a buy rating and set a $71.00 price target for the company in a research note on Thursday, October 5th. Oppenheimer restated a buy rating on shares of Xylem in a research note on Tuesday, October 31st. Finally, BMO Capital Markets boosted their price target on shares of Xylem from $74.00 to $76.00 and gave the stock an outperform rating in a research note on Wednesday, November 1st. Seven equities research analysts have rated the stock with a hold rating and eight have assigned a buy rating to the company’s stock. The stock currently has a consensus rating of Buy and an average target price of $65.17.

Shares of Xylem (XYL) opened at $67.28 on Monday. The stock has a market capitalization of $12,246.92, a P/E ratio of 29.78, a price-to-earnings-growth ratio of 1.90 and a beta of 1.17. The company has a debt-to-equity ratio of 0.88, a current ratio of 1.76 and a quick ratio of 1.26. Xylem has a 12-month low of $46.67 and a 12-month high of $69.88.

Xylem (NYSE:XYL) last announced its earnings results on Tuesday, October 31st. The industrial products company reported $0.65 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.64 by $0.01. The company had revenue of $1.20 billion for the quarter, compared to analyst estimates of $1.18 billion. Xylem had a return on equity of 17.74% and a net margin of 6.85%. The firm’s quarterly revenue was up 33.2% compared to the same quarter last year. During the same quarter in the previous year, the company earned $0.54 earnings per share. equities research analysts expect that Xylem will post 2.39 EPS for the current year.

The company also recently announced a quarterly dividend, which was paid on Wednesday, December 6th. Investors of record on Thursday, November 2nd were paid a dividend of $0.18 per share. The ex-dividend date of this dividend was Wednesday, November 1st. This represents a $0.72 dividend on an annualized basis and a dividend yield of 1.07%. Xylem’s payout ratio is currently 41.86%.

In related news, Director Curtis J. Crawford sold 7,500 shares of the business’s stock in a transaction on Wednesday, November 8th. The shares were sold at an average price of $66.44, for a total transaction of $498,300.00. Following the completion of the transaction, the director now owns 52,385 shares in the company, valued at $3,480,459.40. The sale was disclosed in a legal filing with the SEC, which is accessible through the SEC website. Also, insider Colin R. Sabol sold 38,070 shares of the business’s stock in a transaction on Thursday, November 2nd. The stock was sold at an average price of $65.81, for a total transaction of $2,505,386.70. Following the transaction, the insider now owns 61,979 shares of the company’s stock, valued at approximately $4,078,837.99. The disclosure for this sale can be found here. In the last quarter, insiders have sold 83,270 shares of company stock valued at $5,501,312. Insiders own 0.75% of the company’s stock.

Several hedge funds have recently modified their holdings of the stock. Vanguard Group Inc. grew its stake in shares of Xylem by 2.4% during the second quarter. Vanguard Group Inc. now owns 17,697,791 shares of the industrial products company’s stock worth $980,989,000 after purchasing an additional 409,920 shares in the last quarter. State Street Corp grew its stake in shares of Xylem by 11.5% during the second quarter. State Street Corp now owns 8,360,506 shares of the industrial products company’s stock worth $460,211,000 after purchasing an additional 861,484 shares in the last quarter. FMR LLC grew its stake in shares of Xylem by 7.7% during the second quarter. FMR LLC now owns 3,239,067 shares of the industrial products company’s stock worth $179,541,000 after purchasing an additional 232,139 shares in the last quarter. Impax Asset Management LTD grew its stake in shares of Xylem by 0.6% during the third quarter. Impax Asset Management LTD now owns 3,106,646 shares of the industrial products company’s stock worth $194,569,000 after purchasing an additional 18,698 shares in the last quarter. Finally, Ameriprise Financial Inc. boosted its stake in Xylem by 17.0% in the second quarter. Ameriprise Financial Inc. now owns 2,727,985 shares of the industrial products company’s stock valued at $151,210,000 after acquiring an additional 396,854 shares in the last quarter. Hedge funds and other institutional investors own 85.57% of the company’s stock.

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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.

Analyst Recommendations for Xylem (NYSE:XYL)

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