Xylem Inc. (XYL) Given Average Rating of “Hold” by Analysts
Xylem Inc. (NYSE:XYL) has been assigned a consensus rating of “Hold” from the fifteen analysts that are currently covering the stock. Eight research analysts have rated the stock with a hold rating and six have given a buy rating to the company. The average 1 year target price among brokers that have issued a report on the stock in the last year is $46.10.
Several equities research analysts have recently weighed in on the company. Zacks Investment Research cut Xylem from a “buy” rating to a “hold” rating in a research note on Friday, July 15th. Barclays PLC increased their price target on Xylem from $39.00 to $45.00 and gave the company an “equal weight” rating in a research note on Monday, July 18th. RBC Capital Markets set a $51.00 price target on Xylem and gave the company a “buy” rating in a research note on Tuesday, August 16th. Royal Bank Of Canada upped their target price on Xylem from $47.00 to $51.00 and gave the company an “outperform” rating in a research report on Tuesday, August 16th. Finally, Canaccord Genuity restated a “hold” rating and set a $50.00 target price (up previously from $45.00) on shares of Xylem in a research report on Tuesday, August 16th.
Xylem (NYSE:XYL) traded up 0.95% during midday trading on Wednesday, hitting $50.17. The stock had a trading volume of 552,502 shares. The company’s 50 day moving average price is $50.98 and its 200-day moving average price is $46.34. The stock has a market capitalization of $8.99 billion, a price-to-earnings ratio of 26.79 and a beta of 1.15. Xylem has a 52 week low of $31.67 and a 52 week high of $53.25.
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Xylem (NYSE:XYL) last issued its quarterly earnings results on Tuesday, August 2nd. The company reported $0.48 earnings per share for the quarter, beating the consensus estimate of $0.47 by $0.01. The company earned $932 million during the quarter, compared to analysts’ expectations of $927.69 million. Xylem had a return on equity of 16.41% and a net margin of 9.22%. The business’s quarterly revenue was up 1.3% on a year-over-year basis. During the same quarter in the prior year, the firm posted $0.43 earnings per share. Equities analysts anticipate that Xylem will post $2.04 earnings per share for the current fiscal year.
The business also recently disclosed a quarterly dividend, which was paid on Wednesday, September 21st. Stockholders of record on Wednesday, August 31st were paid a $0.1549 dividend. This represents a $0.62 annualized dividend and a dividend yield of 1.25%. The ex-dividend date was Monday, August 29th. Xylem’s dividend payout ratio (DPR) is presently 33.16%.
In other news, insider Tomas Brannemo sold 8,524 shares of the stock in a transaction that occurred on Wednesday, August 17th. The stock was sold at an average price of $50.06, for a total value of $426,711.44. 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 32,246 shares of the stock in a transaction that occurred on Thursday, July 28th. The stock was sold at an average price of $48.01, for a total value of $1,548,130.46. Following the completion of the sale, the director now directly owns 38,334 shares of the company’s stock, valued at $1,840,415.34. The disclosure for this sale can be found here. 0.77% of the stock is owned by insiders.
Hedge funds have recently modified their holdings of the company. Advisor Group Inc. acquired a new stake in shares of Xylem during the second quarter worth approximately $100,000. Mizuho Asset Management Co. Ltd. increased its stake in shares of Xylem by 122.1% in the second quarter. Mizuho Asset Management Co. Ltd. now owns 2,323 shares of the company’s stock worth $104,000 after buying an additional 1,277 shares during the last quarter. IFP Advisors Inc increased its stake in shares of Xylem by 113.6% in the second quarter. IFP Advisors Inc now owns 2,489 shares of the company’s stock worth $111,000 after buying an additional 1,324 shares during the last quarter. Northwestern Mutual Wealth Management Co. increased its stake in shares of Xylem by 41.2% in the second quarter. Northwestern Mutual Wealth Management Co. now owns 2,699 shares of the company’s stock worth $120,000 after buying an additional 788 shares during the last quarter. Finally, Glenmede Trust Co. NA increased its stake in shares of Xylem by 9.4% in the second quarter. Glenmede Trust Co. NA now owns 2,908 shares of the company’s stock worth $129,000 after buying an additional 250 shares during the last quarter. 84.70% of the stock is owned by hedge funds and other institutional investors.
Xylem Inc is engaged in the design, manufacturing, and application of engineered technologies for the water industry. The Company 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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