Xylem Inc. (NYSE:XYL) – Seaport Global Securities lifted their FY2017 EPS estimates for Xylem in a research report issued to clients and investors on Friday. Seaport Global Securities analyst R. Cassil now anticipates that the industrial products company will earn $2.37 per share for the year, up from their previous estimate of $2.34. Seaport Global Securities also issued estimates for Xylem’s Q4 2017 earnings at $0.77 EPS, Q1 2018 earnings at $0.52 EPS, Q2 2018 earnings at $0.69 EPS, Q3 2018 earnings at $0.72 EPS, Q4 2018 earnings at $0.86 EPS and FY2018 earnings at $2.78 EPS.

Xylem (NYSE:XYL) last posted its quarterly earnings results on Tuesday, August 1st. The industrial products company reported $0.59 earnings per share (EPS) for the quarter, topping the Zacks’ consensus estimate of $0.57 by $0.02. Xylem had a net margin of 7.08% and a return on equity of 16.02%. The company had revenue of $1.16 billion for the quarter, compared to the consensus estimate of $1.17 billion. During the same period last year, the firm posted $0.48 EPS. The company’s revenue for the quarter was up 24.9% on a year-over-year basis.

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Several other brokerages have also issued reports on XYL. CIBC reissued a “buy” rating on shares of Xylem in a report on Wednesday, May 10th. BMO Capital Markets boosted their price target on shares of Xylem from $60.00 to $65.00 and gave the company an “outperform” rating in a report on Wednesday, August 2nd. Canaccord Genuity reissued a “hold” rating and issued a $50.00 price target on shares of Xylem in a report on Friday, July 28th. Royal Bank Of Canada boosted their price target on shares of Xylem from $58.00 to $64.00 and gave the company an “outperform” rating in a report on Wednesday, August 2nd. Finally, Stifel Nicolaus reissued a “hold” rating and issued a $52.00 price target on shares of Xylem in a report on Friday, May 26th. Five equities research analysts have rated the stock with a hold rating and eleven have given a buy rating to the company. Xylem currently has a consensus rating of “Buy” and a consensus target price of $58.23.

Xylem (XYL) opened at 60.02 on Monday. Xylem has a 52-week low of $45.60 and a 52-week high of $60.14. The stock has a 50 day moving average of $55.49 and a 200-day moving average of $51.39. The company has a market capitalization of $10.78 billion, a P/E ratio of 38.75 and a beta of 1.18.

In other news, Director Steven R. Loranger sold 66,132 shares of the company’s stock in a transaction dated Thursday, June 29th. The shares were sold at an average price of $55.01, for a total value of $3,637,921.32. Following the sale, the director now owns 65,030 shares of the company’s stock, valued at approximately $3,577,300.30. The transaction was disclosed in a legal filing with the SEC, which can be accessed through the SEC website. 0.75% of the stock is currently owned by corporate insiders.

A number of hedge funds and other institutional investors have recently modified their holdings of the company. Peoples Financial Services CORP. increased its position in shares of Xylem by 3.2% in the first quarter. Peoples Financial Services CORP. now owns 6,463 shares of the industrial products company’s stock valued at $324,000 after buying an additional 200 shares during the period. Bank of America Corp DE increased its position in shares of Xylem by 4.2% in the first quarter. Bank of America Corp DE now owns 2,251,684 shares of the industrial products company’s stock valued at $113,079,000 after buying an additional 91,478 shares during the period. Toronto Dominion Bank increased its position in shares of Xylem by 56.6% in the first quarter. Toronto Dominion Bank now owns 48,431 shares of the industrial products company’s stock valued at $2,433,000 after buying an additional 17,497 shares during the period. Asset Planning Services Ltd. increased 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 valued at $106,000 after buying an additional 7 shares during the period. Finally, Teachers Advisors LLC increased its position in shares of Xylem by 23.1% in the fourth quarter. Teachers Advisors LLC now owns 242,609 shares of the industrial products company’s stock valued at $12,014,000 after buying an additional 45,505 shares during the period. Institutional investors and hedge funds own 85.76% of the company’s stock.

About Xylem

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.

Earnings History and Estimates for Xylem (NYSE:XYL)

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