Xylem (XYL) Hits New 52-Week High at $81.50

Shares of Xylem Inc (NYSE:XYL) hit a new 52-week high during mid-day trading on Monday . The company traded as high as $81.50 and last traded at $81.38, with a volume of 22833 shares trading hands. The stock had previously closed at $80.99.

A number of brokerages have recently issued reports on XYL. BMO Capital Markets boosted their target price on shares of Xylem from $83.00 to $84.00 and gave the company an “outperform” rating in a research note on Wednesday, August 1st. Canaccord Genuity set a $78.00 target price on shares of Xylem and gave the company a “hold” rating in a research note on Tuesday, July 24th. Zacks Investment Research lowered shares of Xylem from a “hold” rating to a “sell” rating in a research note on Monday, July 16th. Raymond James began coverage on shares of Xylem in a research note on Wednesday, September 5th. They set an “outperform” rating and a $90.00 target price for the company. Finally, Oppenheimer restated a “buy” rating on shares of Xylem in a report on Tuesday, July 31st. Four investment analysts have rated the stock with a hold rating and eight have given a buy rating to the company’s stock. The company has an average rating of “Buy” and an average target price of $82.82.

The company has a debt-to-equity ratio of 0.86, a current ratio of 1.43 and a quick ratio of 1.02. The firm has a market cap of $14.37 billion, a price-to-earnings ratio of 33.92, a PEG ratio of 1.53 and a beta of 1.26.

Xylem (NYSE:XYL) last released its quarterly earnings data on Tuesday, July 31st. The industrial products company reported $0.73 earnings per share for the quarter, beating the consensus estimate of $0.71 by $0.02. The firm had revenue of $1.32 billion during the quarter, compared to the consensus estimate of $1.28 billion. Xylem had a return on equity of 19.04% and a net margin of 7.39%. The firm’s quarterly revenue was up 13.1% on a year-over-year basis. During the same period in the previous year, the company posted $0.59 earnings per share. equities analysts forecast that Xylem Inc will post 2.91 EPS for the current fiscal year.

The company also recently disclosed a quarterly dividend, which will be paid on Thursday, September 20th. Investors of record on Thursday, August 30th will be issued a $0.21 dividend. The ex-dividend date of this dividend is Wednesday, August 29th. This represents a $0.84 annualized dividend and a dividend yield of 1.03%. Xylem’s payout ratio is currently 35.00%.

In other Xylem news, Director Curtis J. Crawford sold 1,323 shares of the business’s stock in a transaction dated Friday, August 3rd. The shares were sold at an average price of $75.25, for a total value of $99,555.75. Following the completion of the transaction, the director now directly owns 40,421 shares in the company, valued at $3,041,680.25. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, SVP Kairus Tarapore sold 18,800 shares of the business’s stock in a transaction dated Friday, August 3rd. The stock was sold at an average price of $75.17, for a total transaction of $1,413,196.00. Following the completion of the transaction, the senior vice president now owns 31,580 shares of the company’s stock, valued at $2,373,868.60. The disclosure for this sale can be found here. Insiders sold 30,623 shares of company stock valued at $2,320,592 over the last 90 days. 0.81% of the stock is currently owned by corporate insiders.

A number of institutional investors have recently made changes to their positions in the business. Congress Asset Management Co. MA increased its holdings in shares of Xylem by 4,780.9% during the second quarter. Congress Asset Management Co. MA now owns 1,112,856 shares of the industrial products company’s stock valued at $74,984,000 after acquiring an additional 1,090,056 shares in the last quarter. Janus Henderson Group PLC increased its holdings in shares of Xylem by 38.1% during the second quarter. Janus Henderson Group PLC now owns 3,189,273 shares of the industrial products company’s stock valued at $214,898,000 after acquiring an additional 880,125 shares in the last quarter. USS Investment Management Ltd increased its holdings in shares of Xylem by 43.7% during the second quarter. USS Investment Management Ltd now owns 2,615,320 shares of the industrial products company’s stock valued at $176,220,000 after acquiring an additional 795,628 shares in the last quarter. Renaissance Technologies LLC increased its holdings in shares of Xylem by 553.1% during the second quarter. Renaissance Technologies LLC now owns 442,800 shares of the industrial products company’s stock valued at $29,836,000 after acquiring an additional 375,000 shares in the last quarter. Finally, Morgan Stanley increased its holdings in shares of Xylem by 43.1% during the second quarter. Morgan Stanley now owns 1,175,977 shares of the industrial products company’s stock valued at $79,238,000 after acquiring an additional 354,340 shares in the last quarter. Institutional investors and hedge funds own 85.83% of the company’s stock.

Xylem Company Profile (NYSE:XYL)

Xylem Inc engages in the design, manufacture, and service of engineered solutions for the water and wastewater applications. It operates through three segments: Water Infrastructure, Applied Water, and Measurement and Control Solutions. The Water Infrastructure segment offers various products, including water and wastewater pumps, and controls and systems, as well as filtration, disinfection, and biological treatment equipment under the Flygt, Godwin, Wedeco, Sanitaire, and Leopold names for the transportation, treatment, and testing of water and wastewater applications.

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