Xylem Inc. (NYSE:XYL) has been given an average recommendation of “Buy” by the sixteen ratings firms that are covering the company, MarketBeat Ratings reports. Six equities research analysts have rated the stock with a hold recommendation and ten have given a buy recommendation to the company. The average 12-month price objective among brokerages that have updated their coverage on the stock in the last year is $62.91.
Several brokerages recently weighed in on XYL. Cowen and Company reaffirmed an “outperform” rating and issued a $70.00 price target (up previously from $60.00) on shares of Xylem in a research report on Wednesday, August 9th. Stifel Nicolaus reissued a “hold” rating and set a $63.00 target price on shares of Xylem in a research report on Friday. BMO Capital Markets lifted their target price on shares of Xylem from $60.00 to $65.00 and gave the stock an “outperform” rating in a research report on Wednesday, August 2nd. Oppenheimer Holdings, Inc. reissued a “buy” rating and set a $66.00 target price (up previously from $60.00) on shares of Xylem in a research report on Tuesday, August 1st. Finally, Robert W. Baird reissued a “hold” rating and set a $67.00 target price on shares of Xylem in a research report on Wednesday, October 4th.
In related news, insider Kenneth Napolitano sold 9,052 shares of Xylem stock in a transaction that occurred on Wednesday, August 9th. The shares were sold at an average price of $60.16, for a total value of $544,568.32. Following the sale, the insider now owns 35,303 shares of the company’s stock, valued at approximately $2,123,828.48. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. Insiders own 0.75% of the company’s stock.
Large investors have recently bought and sold shares of the stock. Bank of America Corp DE raised its holdings in shares of Xylem by 4.2% in the 1st quarter. Bank of America Corp DE now owns 2,251,684 shares of the industrial products company’s stock worth $113,079,000 after purchasing an additional 91,478 shares during the period. Chilton Investment Co. LLC raised its holdings in shares of Xylem by 83.8% in the 2nd quarter. Chilton Investment Co. LLC now owns 983,214 shares of the industrial products company’s stock worth $54,500,000 after purchasing an additional 448,212 shares during the period. Highland Capital Management LLC bought a new stake in shares of Xylem in the 2nd quarter worth approximately $560,000. Swiss National Bank raised its holdings in shares of Xylem by 2.9% in the 2nd quarter. Swiss National Bank now owns 653,822 shares of the industrial products company’s stock worth $36,241,000 after purchasing an additional 18,200 shares during the period. Finally, Aviva PLC raised its holdings in shares of Xylem by 1.2% in the 2nd quarter. Aviva PLC now owns 112,110 shares of the industrial products company’s stock worth $6,214,000 after purchasing an additional 1,280 shares during the period. 86.08% of the stock is currently owned by institutional investors.
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Xylem (XYL) traded down 4.47% during mid-day trading on Thursday, reaching $63.01. The company had a trading volume of 2,411,394 shares. Xylem has a one year low of $45.60 and a one year high of $65.70. The company has a market capitalization of $11.31 billion, a P/E ratio of 40.68 and a beta of 1.17. The stock has a 50 day moving average price of $63.30 and a 200 day moving average price of $56.45.
Xylem (NYSE:XYL) last announced its quarterly earnings results on Tuesday, August 1st. The industrial products company reported $0.59 earnings per share for the quarter, beating the Thomson Reuters’ consensus estimate of $0.57 by $0.02. Xylem had a net margin of 6.58% and a return on equity of 17.26%. The business had revenue of $1.16 billion for the quarter, compared to analysts’ expectations of $1.17 billion. During the same quarter last year, the firm earned $0.48 EPS. The firm’s revenue for the quarter was up 24.9% compared to the same quarter last year. On average, equities analysts expect that Xylem will post $2.38 earnings per share for the current fiscal year.
The business also recently declared a quarterly dividend, which will be paid on Wednesday, December 6th. Investors of record on Thursday, November 2nd will be issued a $0.18 dividend. The ex-dividend date of this dividend is Wednesday, November 1st. This represents a $0.72 dividend on an annualized basis and a dividend yield of 1.09%. Xylem’s dividend payout ratio (DPR) is presently 46.45%.
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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