Canaccord Genuity restated their hold rating on shares of Xylem Inc. (NYSE:XYL) in a research report sent to investors on Wednesday, November 1st. They currently have a $65.00 price objective on the industrial products company’s stock.
A number of other equities analysts have also weighed in on the stock. Royal Bank Of Canada reiterated an outperform rating and issued a $71.00 price target (up from $64.00) on shares of Xylem in a research report on Wednesday, October 4th. Boenning Scattergood reiterated an outperform rating on shares of Xylem in a research report on Tuesday, September 5th. Stifel Nicolaus reiterated a hold rating and issued a $63.00 price target on shares of Xylem in a research report on Tuesday, September 5th. Zacks Investment Research raised shares of Xylem from a hold rating to a buy rating and set a $71.00 target price on the stock in a report on Thursday, October 5th. Finally, Oppenheimer Holdings, Inc. boosted their target price on shares of Xylem from $58.00 to $60.00 and gave the stock an outperform rating in a report on Wednesday, July 12th. Six investment analysts have rated the stock with a hold rating and ten have assigned a buy rating to the company. The company has a consensus rating of Buy and a consensus price target of $65.17.
Shares of Xylem (NYSE:XYL) opened at $66.25 on Wednesday. The company has a quick ratio of 1.26, a current ratio of 1.76 and a debt-to-equity ratio of 0.88. The company has a market cap of $11,898.50, a P/E ratio of 28.93, a PEG ratio of 1.85 and a beta of 1.16. Xylem has a 12 month low of $46.67 and a 12 month high of $67.64.
Xylem (NYSE:XYL) last announced its earnings results on Tuesday, October 31st. The industrial products company reported $0.65 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.64 by $0.01. The company had revenue of $1.20 billion during the quarter, compared to analyst estimates of $1.18 billion. Xylem had a net margin of 6.85% and a return on equity of 17.74%. The firm’s quarterly revenue was up 33.2% compared to the same quarter last year. During the same period in the previous year, the business posted $0.54 earnings per share. research analysts anticipate that Xylem will post 2.39 EPS for the current fiscal year.
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The business also recently declared a quarterly dividend, which will be paid on Wednesday, December 6th. Stockholders of record on Thursday, November 2nd will be issued a $0.18 dividend. This represents a $0.72 dividend on an annualized basis and a dividend yield of 1.09%. The ex-dividend date is Wednesday, November 1st. Xylem’s payout ratio is presently 41.86%.
In other Xylem news, Director Steven R. Loranger sold 37,700 shares of the stock in a transaction dated Monday, November 6th. The shares were sold at an average price of $66.25, for a total transaction of $2,497,625.00. Following the transaction, the director now directly owns 58,831 shares in the company, valued at approximately $3,897,553.75. The sale was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. Also, insider Colin R. Sabol sold 38,070 shares of the stock in a transaction dated Thursday, November 2nd. The shares were sold at an average price of $65.81, for a total transaction of $2,505,386.70. Following the sale, the insider now directly owns 61,979 shares of the company’s stock, valued at $4,078,837.99. The disclosure for this sale can be found here. 0.75% of the stock is owned by corporate insiders.
Institutional investors have recently made changes to their positions in the stock. Harfst & Associates Inc. raised its position in shares of Xylem by 26.1% in the 2nd quarter. Harfst & Associates Inc. now owns 2,433 shares of the industrial products company’s stock valued at $134,000 after purchasing an additional 503 shares during the last quarter. CENTRAL TRUST Co raised its position in Xylem by 160.3% during the 2nd 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. FNY Partners Fund LP raised its position in Xylem by 2,700.0% during the 3rd quarter. FNY Partners Fund LP now owns 2,800 shares of the industrial products company’s stock worth $175,000 after buying an additional 2,700 shares during the last quarter. Tower Research Capital LLC TRC acquired a new stake in shares of Xylem during the 2nd quarter worth approximately $168,000. Finally, Federated Investors Inc. PA grew its stake in shares of Xylem by 5.8% during the 2nd quarter. Federated Investors Inc. PA now owns 3,286 shares of the industrial products company’s stock worth $182,000 after purchasing an additional 181 shares during the period. 86.49% of the stock is owned by hedge funds and other institutional investors.
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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