Xylem Inc. (XYL) Given Average Rating of “Buy” by Brokerages
Xylem Inc. (NYSE:XYL) has earned an average rating of “Buy” from the sixteen brokerages that are presently covering the stock, MarketBeat Ratings reports. Six research analysts have rated the stock with a hold recommendation and ten have given a buy recommendation to the company. The average 12-month target price among brokerages that have covered the stock in the last year is $62.91.
XYL has been the subject of a number of recent analyst reports. Zacks Investment Research raised Xylem from a “hold” rating to a “buy” rating and set a $71.00 price objective for the company in a research report on Thursday, October 5th. BMO Capital Markets lifted their price objective on Xylem from $60.00 to $65.00 and gave the company an “outperform” rating in a research report on Wednesday, August 2nd. Robert W. Baird reaffirmed a “hold” rating and issued a $67.00 price objective on shares of Xylem in a research report on Wednesday, October 4th. Cowen and Company reaffirmed a “buy” rating and issued a $70.00 price objective on shares of Xylem in a research report on Thursday, September 21st. Finally, Canaccord Genuity reaffirmed a “hold” rating and issued a $50.00 price objective on shares of Xylem in a research report on Friday, July 28th.
Shares of Xylem (NYSE XYL) traded up 0.89% during trading on Thursday, hitting $64.88. The stock had a trading volume of 880,089 shares. The stock’s 50 day moving average is $62.95 and its 200-day moving average is $56.18. Xylem has a 12-month low of $45.60 and a 12-month high of $64.93. The company has a market cap of $11.65 billion, a PE ratio of 41.89 and a beta of 1.17.
Xylem (NYSE:XYL) last announced its quarterly earnings data on Tuesday, August 1st. The industrial products company reported $0.59 EPS for the quarter, beating the Zacks’ consensus estimate of $0.57 by $0.02. The business had revenue of $1.16 billion during the quarter, compared to the consensus estimate of $1.17 billion. Xylem had a return on equity of 17.26% and a net margin of 6.58%. The business’s revenue for the quarter was up 24.9% on a year-over-year basis. During the same quarter in the previous year, the business earned $0.48 earnings per share. Analysts forecast that Xylem will post $2.37 earnings per share for the current year.
The company also recently declared a quarterly dividend, which will be paid on Wednesday, December 6th. Shareholders of record on Thursday, November 2nd will be given a dividend of $0.18 per share. This represents a $0.72 dividend on an annualized basis and a yield of 1.11%. Xylem’s dividend payout ratio (DPR) is presently 46.45%.
In other Xylem news, insider Kenneth Napolitano sold 9,052 shares of the business’s stock in a transaction dated Wednesday, August 9th. The stock was sold at an average price of $60.16, for a total transaction of $544,568.32. Following the completion of the sale, the insider now owns 35,303 shares of the company’s stock, valued at $2,123,828.48. The transaction was disclosed in a document filed with the SEC, which is available through this hyperlink. 0.75% of the stock is currently owned by insiders.
Hedge funds have recently bought and sold shares of the business. Harfst & Associates Inc. grew its position in Xylem by 26.1% during the second quarter. Harfst & Associates Inc. now owns 2,433 shares of the industrial products company’s stock valued at $134,000 after acquiring an additional 503 shares during the period. CENTRAL TRUST Co grew its position in Xylem by 160.3% during the second quarter. CENTRAL TRUST Co now owns 2,655 shares of the industrial products company’s stock valued at $146,000 after acquiring an additional 1,635 shares during the period. FNY Partners Fund LP purchased a new stake in Xylem during the first quarter valued at about $151,000. Tower Research Capital LLC TRC purchased a new stake in Xylem during the second quarter valued at about $168,000. Finally, Federated Investors Inc. PA grew its position in Xylem by 5.8% during the second quarter. Federated Investors Inc. PA now owns 3,286 shares of the industrial products company’s stock valued at $182,000 after acquiring an additional 181 shares during the period. 86.40% of the stock is owned by hedge funds and other institutional investors.
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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