Xylem Inc (NYSE:XYL) – Research analysts at Seaport Global Securities lowered their Q1 2019 earnings per share estimates for shares of Xylem in a research report issued to clients and investors on Wednesday, April 11th. Seaport Global Securities analyst W. Liptak now expects that the industrial products company will post earnings per share of $0.60 for the quarter, down from their prior estimate of $0.62. Seaport Global Securities has a “Buy” rating and a $83.00 price objective on the stock. Seaport Global Securities also issued estimates for Xylem’s Q2 2019 earnings at $0.83 EPS, Q3 2019 earnings at $0.88 EPS, Q4 2019 earnings at $0.97 EPS and FY2019 earnings at $3.28 EPS.
Other equities analysts have also issued research reports about the company. Zacks Investment Research raised Xylem from a “hold” rating to a “buy” rating and set a $88.00 price target on the stock in a research note on Tuesday, March 20th. Oppenheimer upped their price target on Xylem to $82.00 and gave the company an “outperform” rating in a research note on Friday, February 2nd. BMO Capital Markets reaffirmed a “buy” rating and issued a $86.00 price target on shares of Xylem in a research note on Friday, February 2nd. Cowen reaffirmed a “buy” rating and issued a $80.00 price target on shares of Xylem in a research note on Tuesday, March 6th. Finally, Canaccord Genuity reaffirmed a “hold” rating and issued a $75.00 price target on shares of Xylem in a research note on Sunday, January 28th. Five equities research analysts have rated the stock with a hold rating and nine have given a buy rating to the company’s stock. Xylem currently has a consensus rating of “Buy” and an average price target of $74.00.
Shares of NYSE:XYL opened at $76.19 on Thursday. The company has a debt-to-equity ratio of 0.87, a current ratio of 1.88 and a quick ratio of 1.41. The firm has a market capitalization of $13,812.18, a price-to-earnings ratio of 32.13, a P/E/G ratio of 1.48 and a beta of 1.10. Xylem has a 52-week low of $48.81 and a 52-week high of $79.83.
Xylem (NYSE:XYL) last issued its earnings results on Thursday, February 1st. The industrial products company reported $0.76 earnings per share (EPS) for the quarter, meeting the Thomson Reuters’ consensus estimate of $0.76. The company had revenue of $1.28 billion during the quarter, compared to analysts’ expectations of $1.27 billion. Xylem had a return on equity of 17.95% and a net margin of 7.03%. The firm’s quarterly revenue was up 16.6% on a year-over-year basis. During the same period in the prior year, the business earned $0.66 EPS.
A number of institutional investors and hedge funds have recently bought and sold shares of the stock. Xact Kapitalforvaltning AB lifted its stake in Xylem by 17.9% during the 4th quarter. Xact Kapitalforvaltning AB now owns 38,383 shares of the industrial products company’s stock worth $2,618,000 after acquiring an additional 5,830 shares in the last quarter. Handelsbanken Fonder AB lifted its stake in Xylem by 1.4% during the 4th quarter. Handelsbanken Fonder AB now owns 706,000 shares of the industrial products company’s stock worth $48,149,000 after acquiring an additional 10,000 shares in the last quarter. OLD Mutual Customised Solutions Proprietary Ltd. lifted its stake in Xylem by 38.3% during the 4th quarter. OLD Mutual Customised Solutions Proprietary Ltd. now owns 12,267 shares of the industrial products company’s stock worth $837,000 after acquiring an additional 3,400 shares in the last quarter. Halsey Associates Inc. CT acquired a new position in Xylem during the 4th quarter worth about $697,000. Finally, Meitav Dash Investments Ltd. acquired a new position in Xylem during the 4th quarter worth about $1,194,000. 86.03% of the stock is currently owned by hedge funds and other institutional investors.
In related news, Director Curtis J. Crawford sold 7,948 shares of the stock in a transaction dated Thursday, February 8th. The stock was sold at an average price of $71.77, for a total transaction of $570,427.96. Following the transaction, the director now owns 55,245 shares of the company’s stock, valued at approximately $3,964,933.65. The transaction was disclosed in a filing with the SEC, which is available through this hyperlink. Also, insider Tomas Brannemo sold 1,151 shares of the stock in a transaction dated Tuesday, February 27th. The stock was sold at an average price of $76.41, for a total value of $87,947.91. The disclosure for this sale can be found here. In the last three months, insiders have sold 21,105 shares of company stock worth $1,540,907. 0.81% of the stock is owned by corporate insiders.
The company also recently announced a quarterly dividend, which was paid on Thursday, March 15th. Investors of record on Thursday, February 15th were paid a dividend of $0.21 per share. This is a positive change from Xylem’s previous quarterly dividend of $0.18. The ex-dividend date of this dividend was Wednesday, February 14th. This represents a $0.84 annualized dividend and a yield of 1.10%. Xylem’s dividend payout ratio is presently 35.00%.
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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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