Oppenheimer Holdings, Inc. Boosts Xylem Inc. (XYL) Price Target to $75.00
Xylem Inc. (NYSE:XYL) had its target price hoisted by analysts at Oppenheimer Holdings, Inc. from $66.00 to $75.00 in a research note issued on Wednesday. The firm currently has an “outperform” rating on the industrial products company’s stock. Oppenheimer Holdings, Inc.’s target price indicates a potential upside of 12.73% from the stock’s current price.
Several other analysts have also commented on XYL. BMO Capital Markets raised their price objective on Xylem from $74.00 to $76.00 and gave the company an “outperform” rating in a report on Wednesday. Cowen and Company reissued an “outperform” rating and issued a $70.00 price objective (up from $60.00) on shares of Xylem in a report on Wednesday, August 9th. Robert W. Baird reissued a “hold” rating and issued a $67.00 price objective on shares of Xylem in a report on Wednesday, October 4th. BidaskClub lowered Xylem from a “buy” rating to a “hold” rating in a report on Monday, July 31st. Finally, Royal Bank Of Canada raised their price objective on Xylem from $58.00 to $64.00 and gave the company an “outperform” rating in a report on Wednesday, August 2nd. Six equities research analysts have rated the stock with a hold rating and ten have given a buy rating to the company. Xylem has a consensus rating of “Buy” and an average price target of $64.15.
Xylem (NYSE:XYL) last announced its quarterly earnings results on Tuesday, October 31st. The industrial products company reported $0.65 earnings per share for the quarter, beating the consensus estimate of $0.64 by $0.01. The company had revenue of $1.20 billion during the quarter, compared to analysts’ expectations of $1.18 billion. Xylem had a return on equity of 17.26% and a net margin of 6.58%. Xylem’s quarterly revenue was up 33.2% on a year-over-year basis. During the same period last year, the business earned $0.54 earnings per share.
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In other news, insider Kenneth Napolitano sold 9,052 shares of Xylem stock in a transaction that occurred on Wednesday, August 9th. The stock was sold at an average price of $60.16, for a total value of $544,568.32. Following the sale, the insider now directly owns 35,303 shares of the company’s stock, valued at $2,123,828.48. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Insiders own 0.75% of the company’s stock.
Large investors have recently modified their holdings of the company. Harfst & Associates Inc. boosted its stake in shares of Xylem by 26.1% in the second quarter. Harfst & Associates Inc. now owns 2,433 shares of the industrial products company’s stock worth $134,000 after acquiring an additional 503 shares during the last quarter. CENTRAL TRUST Co boosted its stake in Xylem by 160.3% during the second quarter. CENTRAL TRUST Co now owns 2,655 shares of the industrial products company’s stock worth $146,000 after buying an additional 1,635 shares during the last quarter. Tower Research Capital LLC TRC acquired a new position in Xylem during the second quarter worth $168,000. Federated Investors Inc. PA boosted its stake 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 worth $182,000 after buying an additional 181 shares during the last quarter. Finally, Farmers & Merchants Investments Inc. boosted its stake in Xylem by 0.7% during the second quarter. Farmers & Merchants Investments Inc. now owns 3,445 shares of the industrial products company’s stock worth $191,000 after buying an additional 25 shares during the last quarter. 86.59% of the stock is currently 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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