Xylem (NYSE:XYL) Reaches New 12-Month High at $133.34

Xylem Inc. (NYSE:XYL)’s stock price reached a new 52-week high during trading on Monday . The stock traded as high as $133.34 and last traded at $132.08, with a volume of 72946 shares. The stock had previously closed at $132.40.

Analyst Upgrades and Downgrades

Several research firms have recently weighed in on XYL. Royal Bank of Canada raised their target price on Xylem from $140.00 to $145.00 and gave the company an “outperform” rating in a research report on Wednesday, February 7th. Robert W. Baird lifted their target price on shares of Xylem from $141.00 to $148.00 and gave the stock an “outperform” rating in a research note on Thursday, March 21st. Stifel Nicolaus increased their target price on shares of Xylem from $136.00 to $150.00 and gave the company a “buy” rating in a research report on Wednesday, February 7th. Raymond James raised shares of Xylem from an “underperform” rating to a “market perform” rating in a research note on Thursday, January 4th. Finally, Citigroup upped their price objective on shares of Xylem from $126.00 to $139.00 and gave the company a “neutral” rating in a research note on Monday, April 8th. Four research analysts have rated the stock with a hold rating and eight have given a buy rating to the stock. Based on data from MarketBeat.com, the company currently has an average rating of “Moderate Buy” and a consensus price target of $138.11.

Xylem Stock Down 1.4 %

The business has a fifty day moving average of $127.91 and a 200 day moving average of $114.34. The company has a debt-to-equity ratio of 0.22, a current ratio of 1.76 and a quick ratio of 1.30. The stock has a market capitalization of $31.68 billion, a price-to-earnings ratio of 48.05, a PEG ratio of 2.64 and a beta of 1.10.

Xylem (NYSE:XYL) last announced its quarterly earnings results on Tuesday, February 6th. The industrial products company reported $0.99 EPS for the quarter, beating the consensus estimate of $0.96 by $0.03. The business had revenue of $2.12 billion for the quarter, compared to analyst estimates of $2.05 billion. Xylem had a return on equity of 9.65% and a net margin of 8.27%. The company’s quarterly revenue was up 40.6% on a year-over-year basis. During the same quarter in the prior year, the company posted $0.92 EPS. As a group, equities analysts predict that Xylem Inc. will post 4.13 earnings per share for the current year.

Xylem Increases Dividend

The business also recently declared a quarterly dividend, which was paid on Wednesday, March 20th. Stockholders of record on Wednesday, February 21st were paid a $0.36 dividend. This represents a $1.44 dividend on an annualized basis and a dividend yield of 1.10%. This is an increase from Xylem’s previous quarterly dividend of $0.33. The ex-dividend date was Tuesday, February 20th. Xylem’s payout ratio is 52.94%.

Insider Transactions at Xylem

In other Xylem news, CAO Geri-Michelle Mcshane sold 1,000 shares of the business’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 of the company’s stock, valued at $360,682.15. The sale was disclosed in a filing with the SEC, which can be accessed through the SEC website. In related news, CAO Geri-Michelle Mcshane sold 1,000 shares of the firm’s stock in a transaction dated Tuesday, February 20th. The stock was sold at an average price of $122.89, for a total transaction of $122,890.00. Following the completion of the transaction, the chief accounting officer now directly owns 2,935 shares in the company, valued at approximately $360,682.15. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, SVP Franz Cerwinka sold 2,408 shares of Xylem stock in a transaction dated Thursday, February 8th. The shares were sold at an average price of $121.79, for a total value of $293,270.32. Following the completion of the transaction, the senior vice president now directly owns 11,750 shares of the company’s stock, valued at $1,431,032.50. The disclosure for this sale can be found here. Company insiders own 0.27% of the company’s stock.

Institutional Investors Weigh In On Xylem

A number of hedge funds have recently added to or reduced their stakes in the business. Kornitzer Capital Management Inc. KS increased its position in shares of Xylem by 9.0% during the fourth quarter. Kornitzer Capital Management Inc. KS now owns 109,882 shares of the industrial products company’s stock worth $12,566,000 after acquiring an additional 9,114 shares during the period. International Assets Investment Management LLC raised its position in Xylem by 10,296.7% in the 4th quarter. International Assets Investment Management LLC now owns 63,004 shares of the industrial products company’s stock valued at $7,205,000 after purchasing an additional 62,398 shares in the last quarter. ING Groep NV purchased a new position in shares of Xylem in the 3rd quarter valued at about $2,752,000. Meiji Yasuda Asset Management Co Ltd. boosted its stake in shares of Xylem by 6.6% in the 3rd quarter. Meiji Yasuda Asset Management Co Ltd. now owns 39,266 shares of the industrial products company’s stock valued at $3,574,000 after buying an additional 2,438 shares during the period. Finally, SG Americas Securities LLC grew its position in shares of Xylem by 351.2% during the fourth quarter. SG Americas Securities LLC now owns 101,408 shares of the industrial products company’s stock worth $11,597,000 after buying an additional 78,934 shares in the last quarter. 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.