Xylem (XYL) PT Raised to $82.00

Xylem (NYSE:XYL) had its price target hoisted by equities researchers at Oppenheimer to $82.00 in a report released on Friday. The brokerage currently has an “outperform” rating on the industrial products company’s stock. Oppenheimer’s price objective suggests a potential upside of 8.12% from the company’s current price.

XYL has been the topic of a number of other reports. Canaccord Genuity reiterated a “hold” rating and issued a $65.00 target price on shares of Xylem in a research note on Wednesday, November 1st. Royal Bank of Canada reiterated a “buy” rating and issued a $80.00 target price on shares of Xylem in a research note on Thursday, January 4th. BMO Capital Markets reiterated a “buy” rating and issued a $83.00 target price on shares of Xylem in a research note on Friday, January 26th. Boenning Scattergood reiterated a “buy” rating on shares of Xylem in a research note on Friday, December 15th. Finally, Stifel Nicolaus reiterated a “hold” rating and issued a $63.00 target price on shares of Xylem in a research note on Friday, October 13th. Six equities research analysts have rated the stock with a hold rating and eight have assigned a buy rating to the company. The stock currently has an average rating of “Buy” and a consensus price target of $68.67.

Shares of Xylem (NYSE XYL) traded up $1.00 on Friday, hitting $75.84. 1,028,674 shares of the stock traded hands, compared to its average volume of 904,268. Xylem has a 52 week low of $46.67 and a 52 week high of $76.81. The firm has a market cap of $12,977.90 and a price-to-earnings ratio of 44.12. The company has a current ratio of 1.76, a quick ratio of 1.26 and a debt-to-equity ratio of 0.88.

Xylem (NYSE:XYL) last announced its quarterly earnings results on Thursday, February 1st. The industrial products company reported $0.76 EPS for the quarter, hitting the Thomson Reuters’ consensus estimate of $0.76. Xylem had a net margin of 6.85% and a return on equity of 17.74%. The company had revenue of $1.28 billion for the quarter, compared to analyst estimates of $1.27 billion. During the same quarter in the prior year, the business posted $0.66 EPS. Xylem’s quarterly revenue was up 16.6% on a year-over-year basis. research analysts anticipate that Xylem will post 2.39 EPS for the current year.

In related news, insider Tomas Brannemo sold 2,260 shares of the stock in a transaction dated Tuesday, December 19th. The shares were sold at an average price of $67.75, for a total transaction of $153,115.00. Following the completion of the sale, the insider now owns 10,975 shares in the company, valued at approximately $743,556.25. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available at the SEC website. Also, Director Steven R. Loranger sold 17,139 shares of the stock in a transaction dated Wednesday, December 20th. The stock was sold at an average price of $68.10, for a total transaction of $1,167,165.90. Following the sale, the director now owns 26,150 shares of the company’s stock, valued at approximately $1,780,815. The disclosure for this sale can be found here. Insiders have sold a total of 112,707 shares of company stock valued at $7,592,370 over the last ninety days. 0.75% of the stock is owned by insiders.

Several institutional investors have recently made changes to their positions in XYL. Janus Henderson Group PLC increased its position in shares of Xylem by 404.5% during the 2nd quarter. Janus Henderson Group PLC now owns 1,853,943 shares of the industrial products company’s stock worth $102,758,000 after purchasing an additional 1,486,463 shares in the last quarter. State Street Corp increased its position in Xylem by 11.5% in the 2nd quarter. State Street Corp now owns 8,360,506 shares of the industrial products company’s stock valued at $460,211,000 after acquiring an additional 861,484 shares in the last quarter. PointState Capital LP acquired a new stake in Xylem in the 2nd quarter valued at about $34,128,000. Bank of New York Mellon Corp increased its position in Xylem by 31.6% in the 3rd quarter. Bank of New York Mellon Corp now owns 2,027,810 shares of the industrial products company’s stock valued at $127,002,000 after acquiring an additional 487,360 shares in the last quarter. Finally, TD Asset Management Inc. increased its position in Xylem by 47.7% in the 3rd quarter. TD Asset Management Inc. now owns 1,222,128 shares of the industrial products company’s stock valued at $76,542,000 after acquiring an additional 394,814 shares in the last quarter. Institutional investors and hedge funds own 85.55% of the company’s stock.

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About Xylem

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.