Vertical Research upgraded shares of Xylem (NYSE:XYL) from a sell rating to a hold rating in a report released on Thursday, MarketBeat reports. Vertical Research currently has $68.00 price objective on the industrial products company’s stock.
A number of other research analysts also recently weighed in on the stock. Zacks Investment Research downgraded shares of Xylem from a buy rating to a hold rating in a research report on Saturday, October 13th. Credit Suisse Group assumed coverage on shares of Xylem in a research report on Friday, October 12th. They issued an outperform rating and a $86.00 target price for the company. Cowen reaffirmed a buy rating and issued a $85.00 target price on shares of Xylem in a research report on Friday, October 12th. Berenberg Bank assumed coverage on shares of Xylem in a research report on Wednesday, October 3rd. They issued a sell rating and a $65.00 target price for the company. Finally, Raymond James assumed coverage on shares of Xylem in a research report on Wednesday, September 5th. They issued an outperform rating and a $90.00 target price for the company. One research analyst has rated the stock with a sell rating, five have issued a hold rating and nine have issued a buy rating to the company. Xylem currently has an average rating of Buy and a consensus price target of $81.07.
Shares of NYSE:XYL traded down $0.68 during midday trading on Thursday, reaching $69.21. 28,855 shares of the company were exchanged, compared to its average volume of 1,021,752. Xylem has a fifty-two week low of $63.14 and a fifty-two week high of $82.44. The company has a quick ratio of 1.02, a current ratio of 1.43 and a debt-to-equity ratio of 0.86. The firm has a market cap of $12.81 billion, a price-to-earnings ratio of 29.30, a PEG ratio of 1.37 and a beta of 1.22.
Xylem (NYSE:XYL) last issued its quarterly earnings data on Tuesday, July 31st. The industrial products company reported $0.73 EPS for the quarter, topping analysts’ consensus estimates of $0.71 by $0.02. The business had revenue of $1.32 billion for the quarter, compared to analyst estimates of $1.28 billion. Xylem had a net margin of 7.39% and a return on equity of 19.04%. The firm’s quarterly revenue was up 13.1% on a year-over-year basis. During the same period last year, the business posted $0.59 earnings per share. Research analysts expect that Xylem will post 2.9 earnings per share for the current fiscal year.
The company also recently disclosed a quarterly dividend, which will be paid on Friday, December 7th. Stockholders of record on Thursday, November 1st will be given a $0.21 dividend. This represents a $0.84 dividend on an annualized basis and a dividend yield of 1.21%. The ex-dividend date is Wednesday, October 31st. Xylem’s dividend payout ratio (DPR) is presently 35.00%.
In other news, Director Curtis J. Crawford sold 7,500 shares of Xylem stock in a transaction dated Tuesday, August 7th. The shares were sold at an average price of $76.26, for a total value of $571,950.00. Following the completion of the transaction, the director now owns 40,421 shares of the company’s stock, valued at approximately $3,082,505.46. The sale was disclosed in a legal filing with the SEC, which is accessible through this hyperlink. Also, insider Colin R. Sabol sold 17,161 shares of Xylem stock in a transaction dated Monday, September 17th. The shares were sold at an average price of $81.37, for a total transaction of $1,396,390.57. Following the completion of the transaction, the insider now directly owns 41,988 shares of the company’s stock, valued at approximately $3,416,563.56. The disclosure for this sale can be found here. In the last three months, insiders sold 49,284 shares of company stock valued at $3,839,982. Insiders own 0.81% of the company’s stock.
Several institutional investors and hedge funds have recently made changes to their positions in the company. TIAA FSB grew its position in shares of Xylem by 4.3% in the 3rd quarter. TIAA FSB now owns 82,505 shares of the industrial products company’s stock valued at $6,590,000 after acquiring an additional 3,426 shares during the period. Oakbrook Investments LLC acquired a new stake in shares of Xylem during the 3rd quarter worth about $807,000. Howard Capital Management lifted its stake in shares of Xylem by 0.6% during the 3rd quarter. Howard Capital Management now owns 183,383 shares of the industrial products company’s stock worth $14,647,000 after buying an additional 1,109 shares during the last quarter. Nisa Investment Advisors LLC lifted its stake in shares of Xylem by 16.9% during the 3rd quarter. Nisa Investment Advisors LLC now owns 46,786 shares of the industrial products company’s stock worth $3,737,000 after buying an additional 6,755 shares during the last quarter. Finally, Notis McConarty Edward lifted its stake in shares of Xylem by 5.9% during the 3rd quarter. Notis McConarty Edward now owns 17,945 shares of the industrial products company’s stock worth $1,433,000 after buying an additional 1,000 shares during the last quarter. 84.63% of the stock is owned by institutional investors.
Xylem Company Profile
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.
Further Reading: Outstanding Shares
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