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.

TRADEMARK VIOLATION WARNING: This piece was published by American Banking News and is the sole property of of American Banking News. If you are accessing this piece on another publication, it was illegally stolen and reposted in violation of US & international copyright and trademark legislation. The correct version of this piece can be read at https://www.americanbankingnews.com/2017/11/02/northcoast-research-research-analysts-boost-earnings-estimates-for-xylem-inc-xyl.html.

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.

Earnings History and Estimates for Xylem (NYSE:XYL)

Receive News & Ratings for Xylem Inc. Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Xylem Inc. and related companies with MarketBeat.com's FREE daily email newsletter.