Northcoast Research Research Analysts Boost Earnings Estimates for Xylem Inc. (XYL)
Xylem Inc. (NYSE:XYL) – Investment analysts at Northcoast Research lifted their FY2017 EPS estimates for Xylem in a research report issued to clients and investors on Wednesday. Northcoast Research analyst A. Cohen now anticipates that the industrial products company will post earnings per share of $2.41 for the year, up from their prior forecast of $2.39. Northcoast Research also issued estimates for Xylem’s Q4 2017 earnings at $0.78 EPS.
A number of other equities research analysts also recently commented on the company. Canaccord Genuity reaffirmed a “hold” rating and set a $65.00 target price on shares of Xylem in a report on Wednesday. Oppenheimer Holdings, Inc. lifted their price target on Xylem from $66.00 to $75.00 and gave the company an “outperform” rating in a research report on Wednesday. BMO Capital Markets lifted their price target on Xylem from $74.00 to $76.00 and gave the company an “outperform” rating in a research report on Wednesday. Stifel Nicolaus reiterated a “hold” rating and set a $63.00 price target on shares of Xylem in a research report on Friday, October 13th. Finally, Zacks Investment Research upgraded Xylem from a “hold” rating to a “buy” rating and set a $71.00 price target for the company in a research report on Thursday, October 5th. Six equities research analysts have rated the stock with a hold rating and ten have issued a buy rating to the company’s stock. The stock currently has an average rating of “Buy” and an average price target of $64.15.
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Xylem (NYSE:XYL) last released its quarterly earnings results on Tuesday, October 31st. The industrial products company reported $0.65 EPS for the quarter, beating the Thomson Reuters’ consensus estimate of $0.64 by $0.01. Xylem had a net margin of 6.85% and a return on equity of 17.74%. The firm had revenue of $1.20 billion during the quarter, compared to analyst estimates of $1.18 billion. During the same quarter in the prior year, the firm earned $0.54 EPS. The business’s revenue for the quarter was up 33.2% compared to the same quarter last year.
The company also recently declared a quarterly dividend, which will be paid on Wednesday, December 6th. Stockholders of record on Thursday, November 2nd will be paid a $0.18 dividend. This represents a $0.72 dividend on an annualized basis and a dividend yield of 1.08%. The ex-dividend date is Wednesday, November 1st. Xylem’s dividend payout ratio is presently 41.86%.
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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