Xylem Inc. (NYSE:XYL) was upgraded by equities research analysts at BidaskClub from a “hold” rating to a “buy” rating in a research report issued to clients and investors on Wednesday, June 28th.
Other equities analysts have also recently issued reports about the company. CIBC reissued a “buy” rating on shares of Xylem in a research note on Wednesday, May 10th. Oppenheimer Holdings, Inc. reaffirmed a “buy” rating on shares of Xylem in a research note on Tuesday, May 9th. Royal Bank Of Canada reaffirmed a “buy” rating and issued a $57.00 price target on shares of Xylem in a research note on Sunday, March 12th. Boenning Scattergood reaffirmed a “buy” rating and issued a $55.00 price target on shares of Xylem in a research note on Wednesday, June 7th. Finally, Stifel Nicolaus reaffirmed a “hold” rating and issued a $52.00 price target on shares of Xylem in a research note on Friday, May 26th. Four equities research analysts have rated the stock with a hold rating and twelve have issued a buy rating to the stock. The stock has an average rating of “Buy” and a consensus target price of $56.85.
Xylem (XYL) traded up 0.11% during midday trading on Wednesday, reaching $56.93. 1,099,838 shares of the company traded hands. Xylem has a one year low of $45.60 and a one year high of $58.23. The firm has a market capitalization of $10.23 billion, a price-to-earnings ratio of 40.96 and a beta of 1.18. The firm has a 50-day moving average price of $55.26 and a 200-day moving average price of $51.22.
Xylem (NYSE:XYL) last posted its earnings results on Tuesday, May 2nd. The industrial products company reported $0.39 earnings per share (EPS) for the quarter, beating the Thomson Reuters’ consensus estimate of $0.38 by $0.01. Xylem had a return on equity of 15.53% and a net margin of 6.75%. The firm had revenue of $1.07 billion for the quarter, compared to analysts’ expectations of $1.05 billion. During the same period in the previous year, the firm earned $0.35 earnings per share. The business’s revenue was up 26.4% compared to the same quarter last year. Equities analysts predict that Xylem will post $2.31 EPS for the current fiscal year.
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In other Xylem news, insider Tomas Brannemo sold 14,080 shares of the company’s stock in a transaction dated Thursday, May 4th. The stock was sold at an average price of $50.36, for a total value of $709,068.80. Following the completion of the sale, the insider now owns 21,000 shares in the company, valued at $1,057,560. The sale was disclosed in a document filed with the SEC, which is accessible through this link. Also, Director Steven R. Loranger sold 66,132 shares of the company’s stock in a transaction dated Thursday, June 29th. The stock was sold at an average price of $55.01, for a total value of $3,637,921.32. Following the completion of the sale, the director now owns 65,030 shares of the company’s stock, valued at approximately $3,577,300.30. The disclosure for this sale can be found here. 0.75% of the stock is currently owned by corporate insiders.
Hedge funds have recently added to or reduced their stakes in the company. Asset Planning Services Ltd. boosted its stake in Xylem by 0.3% in the first quarter. Asset Planning Services Ltd. now owns 2,107 shares of the industrial products company’s stock valued at $106,000 after buying an additional 7 shares in the last quarter. Contravisory Investment Management Inc. boosted its position in Xylem by 96.1% in the first quarter. Contravisory Investment Management Inc. now owns 2,345 shares of the industrial products company’s stock valued at $118,000 after buying an additional 1,149 shares in the last quarter. Cribstone Capital Management LLC boosted its position in Xylem by 1,214.6% in the first quarter. Cribstone Capital Management LLC now owns 2,432 shares of the industrial products company’s stock valued at $124,000 after buying an additional 2,247 shares in the last quarter. CENTRAL TRUST Co boosted its position in Xylem by 160.3% in the second quarter. CENTRAL TRUST Co now owns 2,655 shares of the industrial products company’s stock valued at $146,000 after buying an additional 1,635 shares in the last quarter. Finally, FNY Partners Fund LP purchased a new position in Xylem during the first quarter valued at $151,000. Hedge funds and other institutional investors own 85.91% 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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