Seaport Res Ptn Comments on Xylem Inc.’s Q3 2024 Earnings (NYSE:XYL)

Xylem Inc. (NYSE:XYL) – Seaport Res Ptn increased their Q3 2024 earnings estimates for shares of Xylem in a note issued to investors on Tuesday, May 7th. Seaport Res Ptn analyst S. Graham now anticipates that the industrial products company will post earnings per share of $1.12 for the quarter, up from their previous estimate of $1.10. The consensus estimate for Xylem’s current full-year earnings is $4.24 per share. Seaport Res Ptn also issued estimates for Xylem’s FY2024 earnings at $4.24 EPS, Q1 2025 earnings at $0.98 EPS and FY2025 earnings at $4.61 EPS.

Xylem (NYSE:XYL) last issued its quarterly earnings data on Thursday, May 2nd. The industrial products company reported $0.90 EPS for the quarter, topping analysts’ consensus estimates of $0.84 by $0.06. The business had revenue of $2.03 billion for the quarter, compared to analyst estimates of $2 billion. Xylem had a net margin of 8.34% and a return on equity of 8.95%. The firm’s quarterly revenue was up 40.4% on a year-over-year basis. During the same period last year, the business posted $0.72 earnings per share.

A number of other research analysts also recently issued reports on the company. BNP Paribas initiated coverage on Xylem in a research report on Tuesday, March 12th. They issued an “outperform” rating and a $150.00 target price on the stock. Robert W. Baird boosted their price objective on shares of Xylem from $151.00 to $155.00 and gave the stock an “outperform” rating in a research report on Friday, May 3rd. Mizuho increased their target price on shares of Xylem from $110.00 to $135.00 and gave the stock a “neutral” rating in a report on Friday, May 3rd. Royal Bank of Canada lifted their price target on shares of Xylem from $157.00 to $162.00 and gave the company an “outperform” rating in a research note on Friday, May 3rd. Finally, Stifel Nicolaus increased their price objective on shares of Xylem from $136.00 to $150.00 and gave the stock a “buy” rating in a research note on Wednesday, February 7th. Five research analysts have rated the stock with a hold rating and eight have assigned a buy rating to the company. According to data from MarketBeat, the stock presently has a consensus rating of “Moderate Buy” and a consensus target price of $140.70.

Xylem Stock Performance

XYL opened at $141.20 on Wednesday. The company has a market capitalization of $34.23 billion, a price-to-earnings ratio of 50.25, a P/E/G ratio of 2.59 and a beta of 1.08. The business’s 50-day moving average price is $129.51 and its two-hundred day moving average price is $116.38. Xylem has a 1 year low of $87.59 and a 1 year high of $141.30. The company has a debt-to-equity ratio of 0.19, a current ratio of 1.67 and a quick ratio of 1.22.

Insider Buying and Selling

In other Xylem news, CAO Geri-Michelle Mcshane sold 1,000 shares of the company’s stock in a transaction that occurred on Tuesday, February 20th. The stock was sold at an average price of $122.89, for a total value of $122,890.00. Following the sale, the chief accounting officer now owns 2,935 shares in the company, valued at $360,682.15. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through this link. 0.27% of the stock is currently owned by corporate insiders.

Hedge Funds Weigh In On Xylem

Several institutional investors and hedge funds have recently modified their holdings of the stock. Edmond DE Rothschild Holding S.A. lifted its stake in shares of Xylem by 6.0% during the 1st quarter. Edmond DE Rothschild Holding S.A. now owns 60,101 shares of the industrial products company’s stock worth $7,767,000 after buying an additional 3,411 shares during the last quarter. Bleakley Financial Group LLC lifted its position in Xylem by 2.3% during the first quarter. Bleakley Financial Group LLC now owns 4,042 shares of the industrial products company’s stock worth $522,000 after acquiring an additional 90 shares during the last quarter. Hohimer Wealth Management LLC bought a new stake in shares of Xylem during the first quarter worth approximately $248,000. Russell Investments Group Ltd. grew its position in shares of Xylem by 12.9% in the first quarter. Russell Investments Group Ltd. now owns 338,315 shares of the industrial products company’s stock valued at $43,737,000 after purchasing an additional 38,603 shares during the last quarter. Finally, QRG Capital Management Inc. increased its stake in shares of Xylem by 5.1% during the first quarter. QRG Capital Management Inc. now owns 18,473 shares of the industrial products company’s stock worth $2,388,000 after purchasing an additional 895 shares during the period. 87.96% of the stock is currently owned by institutional investors and hedge funds.

Xylem Company Profile

Xylem Inc, together with its subsidiaries, engages in the design, manufacture, and servicing of engineered products and solutions worldwide. It operates through four segments: Water Infrastructure, Applied Water, Measurement & Control Solutions, and Integrated Solutions and Services. The Water Infrastructure segment offers products, including water, storm water, and wastewater pumps; controls and systems; filtration, disinfection, and biological treatment equipment; and mobile dewatering equipment and rental services under the ADI, Flygt, Godwin, Sanitaire, Magneto, Neptune Benson, Ionpure, Leopold, Wedeco, and Xylem Vue brands.