Stifel Nicolaus Reiterates “Hold” Rating for Xylem Inc (NYSE:XYL)
Xylem Inc (NYSE:XYL)‘s stock had its “hold” rating restated by equities research analysts at Stifel Nicolaus in a research report issued on Thursday. They presently have a $52.00 price objective on the industrial products company’s stock. Stifel Nicolaus’ price objective points to a potential downside of 4.38% from the stock’s previous close.
A number of other research firms have also recently issued reports on XYL. Zacks Investment Research upgraded shares of Xylem from a “hold” rating to a “buy” rating and set a $62.00 target price for the company in a research note on Tuesday. BidaskClub raised shares of Xylem from a “hold” rating to a “buy” rating in a research report on Wednesday, June 28th. Oppenheimer Holdings, Inc. set a $58.00 price target on shares of Xylem and gave the company a “buy” rating in a research report on Tuesday, June 20th. BMO Capital Markets initiated coverage on shares of Xylem in a research report on Wednesday, June 21st. They issued an “outperform” rating and a $60.00 price target on the stock. Finally, Boenning Scattergood reissued a “buy” rating and issued a $55.00 price target on shares of Xylem in a research report on Wednesday, June 7th. Four investment analysts have rated the stock with a hold rating and twelve have given a buy rating to the stock. The company has an average rating of “Buy” and an average target price of $56.08.
Xylem (XYL) traded down 1.02% during midday trading on Thursday, hitting $54.38. 2,193,564 shares of the stock traded hands. Xylem has a 1-year low of $44.44 and a 1-year high of $55.45. The firm has a market cap of $9.77 billion, a P/E ratio of 39.12 and a beta of 1.18. The company has a 50-day moving average price of $53.05 and a 200-day moving average price of $50.40.
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 Zacks’ consensus estimate of $0.38 by $0.01. The firm had revenue of $1.07 billion during the quarter, compared to analysts’ expectations of $1.05 billion. Xylem had a net margin of 5.23% and a return on equity of 10.12%. The company’s revenue was up 26.4% compared to the same quarter last year. During the same period in the previous year, the company earned $0.35 earnings per share. Analysts predict that Xylem will post $2.31 EPS for the current year.
The business also recently announced a quarterly dividend, which was paid on Wednesday, June 21st. Investors of record on Thursday, May 25th were given a dividend of $0.18 per share. This represents a $0.72 dividend on an annualized basis and a yield of 1.32%. The ex-dividend date of this dividend was Tuesday, May 23rd. Xylem’s dividend payout ratio (DPR) is currently 50.35%.
In related news, Director Steven R. Loranger sold 66,132 shares of the business’s stock in a transaction on Thursday, June 29th. The shares were sold at an average price of $55.01, for a total transaction of $3,637,921.32. Following the transaction, the director now owns 65,030 shares of the company’s stock, valued at $3,577,300.30. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this hyperlink. Also, insider Tomas Brannemo sold 14,080 shares of the business’s stock in a transaction on Thursday, May 4th. The stock was sold at an average price of $50.36, for a total transaction of $709,068.80. Following the transaction, the insider now directly owns 21,000 shares in the company, valued at approximately $1,057,560. The disclosure for this sale can be found here. Insiders own 0.75% of the company’s stock.
A number of institutional investors have recently made changes to their positions in XYL. Asset Planning Services Ltd. raised its position in shares of Xylem by 0.3% in the first quarter. Asset Planning Services Ltd. now owns 2,107 shares of the industrial products company’s stock worth $106,000 after buying an additional 7 shares during the period. Contravisory Investment Management Inc. raised its position in shares of Xylem by 96.1% in the first quarter. Contravisory Investment Management Inc. now owns 2,345 shares of the industrial products company’s stock worth $118,000 after buying an additional 1,149 shares during the period. Cribstone Capital Management LLC raised its position in shares of 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 worth $124,000 after buying an additional 2,247 shares during the period. FNY Partners Fund LP bought a new position in shares of Xylem during the first quarter worth about $151,000. Finally, Pacer Advisors Inc. raised its position in shares of Xylem by 3.4% in the first quarter. Pacer Advisors Inc. now owns 3,701 shares of the industrial products company’s stock worth $186,000 after buying an additional 121 shares during the period. 85.79% of the stock is currently owned by institutional investors and hedge funds.
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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