Xylem’s (XYL) “Buy” Rating Reiterated at Seaport Global Securities
Xylem Inc. (NYSE:XYL)‘s stock had its “buy” rating reaffirmed by investment analysts at Seaport Global Securities in a note issued to investors on Wednesday.
Several other equities analysts also recently commented on XYL. Oppenheimer Holdings, Inc. upped their price objective on shares of Xylem from $66.00 to $75.00 and gave the company an “outperform” rating in a report on Wednesday. Canaccord Genuity restated a “hold” rating and issued a $65.00 price target on shares of Xylem in a research note on Wednesday. BMO Capital Markets upped their price target on shares of Xylem from $74.00 to $76.00 and gave the company an “outperform” rating in a research note on Wednesday. Cowen and Company restated an “outperform” rating and issued a $70.00 price target (up from $60.00) on shares of Xylem in a research note on Wednesday, August 9th. Finally, BidaskClub downgraded shares of Xylem from a “buy” rating to a “hold” rating in a research note on Monday, July 31st. Six research analysts have rated the stock with a hold rating and ten have assigned a buy rating to the company’s stock. The company presently has a consensus rating of “Buy” and an average price target of $65.17.
Xylem (NYSE XYL) traded up $0.40 during trading hours on Wednesday, hitting $66.55. 418,578 shares of the company’s stock traded hands, compared to its average volume of 997,936. The stock has a market cap of $12,043.98, a price-to-earnings ratio of 29.28 and a beta of 1.16.
Xylem (NYSE:XYL) last released its quarterly earnings data 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 for the quarter, compared to the consensus estimate of $1.18 billion. During the same period in the previous year, the company earned $0.54 earnings per share. The company’s quarterly revenue was up 33.2% on a year-over-year basis. sell-side analysts forecast that Xylem will post 2.39 EPS for the current fiscal year.
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In related news, insider Kenneth Napolitano sold 9,052 shares of the company’s stock in a transaction dated Wednesday, August 9th. The shares were 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 Securities & Exchange Commission, which is available at the SEC website. Corporate insiders own 0.75% of the company’s stock.
Institutional investors and hedge funds have recently bought and sold shares of the stock. Vanguard Group Inc. lifted its holdings in shares of Xylem by 2.4% in the second quarter. Vanguard Group Inc. now owns 17,697,791 shares of the industrial products company’s stock worth $980,989,000 after acquiring an additional 409,920 shares during the last quarter. State Street Corp lifted its holdings in shares of Xylem by 11.5% in the second quarter. State Street Corp now owns 8,360,506 shares of the industrial products company’s stock worth $460,211,000 after acquiring an additional 861,484 shares during the last quarter. Pictet Asset Management Ltd. lifted its holdings in shares of Xylem by 7.9% in the second quarter. Pictet Asset Management Ltd. now owns 4,342,944 shares of the industrial products company’s stock worth $226,441,000 after acquiring an additional 318,756 shares during the last quarter. FMR LLC lifted its holdings in shares of Xylem by 7.7% in the second quarter. FMR LLC now owns 3,239,067 shares of the industrial products company’s stock worth $179,541,000 after acquiring an additional 232,139 shares during the last quarter. Finally, Ameriprise Financial Inc. lifted its holdings in shares of Xylem by 17.0% in the second quarter. Ameriprise Financial Inc. now owns 2,727,985 shares of the industrial products company’s stock worth $151,210,000 after acquiring an additional 396,854 shares during the last quarter. 86.59% of the stock is owned by institutional investors and hedge funds.
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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