Xylem Inc. (NYSE:XYL) – Investment analysts at Oppenheimer Holdings upped their FY2017 EPS estimates for shares of Xylem in a note issued to investors on Tuesday. Oppenheimer Holdings analyst J. Giannakouros now expects that the industrial products company will post earnings of $2.40 per share for the year, up from their previous estimate of $2.37. Oppenheimer Holdings has a “Outperform” rating and a $75.00 price objective on the stock. Oppenheimer Holdings also issued estimates for Xylem’s FY2018 earnings at $2.80 EPS and FY2019 earnings at $3.25 EPS.

Xylem (NYSE:XYL) last released its quarterly earnings results on Tuesday, October 31st. The industrial products company reported $0.65 earnings per share for the quarter, topping analysts’ consensus estimates of $0.64 by $0.01. The business had revenue of $1.20 billion for the quarter, compared to analysts’ expectations of $1.18 billion. Xylem had a return on equity of 17.74% and a net margin of 6.85%. The company’s revenue was up 33.2% compared to the same quarter last year. During the same quarter in the prior year, the firm posted $0.54 EPS.

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Other equities research analysts have also recently issued research reports about the company. BMO Capital Markets lifted their price target on Xylem from $74.00 to $76.00 and gave the company an “outperform” rating in a report on Wednesday. Canaccord Genuity reaffirmed a “hold” rating and set a $65.00 price target on shares of Xylem in a report on Wednesday. Cowen and Company reissued an “outperform” rating and set a $70.00 target price (up previously from $60.00) on shares of Xylem in a report on Wednesday, August 9th. Boenning Scattergood reissued an “outperform” rating on shares of Xylem in a report on Tuesday, September 5th. Finally, Royal Bank Of Canada boosted their target price on Xylem from $58.00 to $64.00 and gave the stock an “outperform” rating in a report on Wednesday, August 2nd. Six investment analysts have rated the stock with a hold rating and ten have given a buy rating to the company’s stock. Xylem has a consensus rating of “Buy” and an average price target of $64.15.

A number of institutional investors have recently bought and sold shares of the business. Farmers & Merchants Investments Inc. grew its position in Xylem by 0.7% in 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. Commonwealth of Pennsylvania Public School Empls Retrmt SYS grew its position in Xylem by 0.3% in the second quarter. Commonwealth of Pennsylvania Public School Empls Retrmt SYS now owns 13,352 shares of the industrial products company’s stock worth $740,000 after buying an additional 39 shares during the last quarter. CIBC Asset Management Inc grew its position in Xylem by 0.3% in the second quarter. CIBC Asset Management Inc now owns 17,671 shares of the industrial products company’s stock worth $980,000 after buying an additional 58 shares during the last quarter. Page Arthur B grew its position in Xylem by 0.5% in the second quarter. Page Arthur B now owns 14,420 shares of the industrial products company’s stock worth $798,000 after buying an additional 70 shares during the last quarter. Finally, Manchester Capital Management LLC grew its position in Xylem by 0.5% in the second quarter. Manchester Capital Management LLC now owns 14,198 shares of the industrial products company’s stock worth $787,000 after buying an additional 76 shares during the last quarter. Hedge funds and other institutional investors own 86.59% of the company’s stock.

In other Xylem news, insider Kenneth Napolitano sold 9,052 shares of Xylem stock in a transaction that occurred on Wednesday, August 9th. The shares were sold at an average price of $60.16, for a total value of $544,568.32. Following the transaction, the insider now owns 35,303 shares in the company, valued at $2,123,828.48. The transaction was disclosed in a document filed with the SEC, which is available at this link. Insiders own 0.75% of the company’s stock.

The firm 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 $0.18 dividend. The ex-dividend date of this dividend is Wednesday, November 1st. This represents a $0.72 annualized dividend and a yield of 1.08%. Xylem’s dividend payout ratio (DPR) is 41.86%.

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.

Earnings History and Estimates for Xylem (NYSE:XYL)

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