Xylem (NYSE:XYL) was downgraded by equities research analysts at ValuEngine from a “buy” rating to a “hold” rating in a note issued to investors on Wednesday.
A number of other brokerages have also weighed in on XYL. Zacks Investment Research upgraded shares of Xylem from a “sell” rating to a “hold” rating and set a $84.00 price objective on the stock in a report on Thursday, August 2nd. BMO Capital Markets raised their price objective on shares of Xylem from $83.00 to $84.00 and gave the company an “outperform” rating in a report on Wednesday, August 1st. Berenberg Bank initiated coverage on shares of Xylem in a report on Wednesday, October 3rd. They issued a “sell” rating and a $65.00 price objective on the stock. Oppenheimer restated a “buy” rating on shares of Xylem in a report on Tuesday, July 31st. Finally, Cowen restated a “buy” rating and issued a $85.00 price objective on shares of Xylem in a report on Friday, October 12th. One analyst has rated the stock with a sell rating, six have issued a hold rating and eight have assigned a buy rating to the company’s stock. The company currently has a consensus rating of “Hold” and an average price target of $79.57.
Xylem stock opened at $68.75 on Wednesday. The company has a market cap of $11.70 billion, a price-to-earnings ratio of 23.51, a price-to-earnings-growth ratio of 1.25 and a beta of 1.22. Xylem has a 52-week low of $63.71 and a 52-week high of $82.44. The company has a current ratio of 1.49, a quick ratio of 1.02 and a debt-to-equity ratio of 0.83.
Xylem (NYSE:XYL) last released its earnings results on Tuesday, October 30th. The industrial products company reported $0.77 earnings per share (EPS) for the quarter, hitting the Zacks’ consensus estimate of $0.77. The company had revenue of $1.29 billion for the quarter, compared to analyst estimates of $1.30 billion. Xylem had a net margin of 7.75% and a return on equity of 19.54%. The firm’s quarterly revenue was up 7.7% on a year-over-year basis. During the same period in the prior year, the business earned $0.65 EPS. Equities analysts expect that Xylem will post 2.89 earnings per share for the current fiscal year.
In related news, Director Curtis J. Crawford sold 7,500 shares of Xylem stock in a transaction on Tuesday, August 7th. The shares were sold at an average price of $76.26, for a total transaction of $571,950.00. Following the sale, the director now directly owns 40,421 shares in the company, valued at approximately $3,082,505.46. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through this hyperlink. Also, insider Colin R. Sabol sold 17,161 shares of Xylem stock in a transaction on Monday, September 17th. The stock was sold at an average price of $81.37, for a total transaction of $1,396,390.57. Following the sale, the insider now owns 41,988 shares in the company, valued at $3,416,563.56. The disclosure for this sale can be found here. Insiders have sold a total of 29,161 shares of company stock worth $2,327,231 over the last quarter. 0.81% of the stock is owned by company insiders.
Large investors have recently made changes to their positions in the stock. Flagship Harbor Advisors LLC acquired a new stake in Xylem during the 2nd quarter worth $106,000. Smithfield Trust Co. raised its stake in Xylem by 1,690.0% during the 2nd quarter. Smithfield Trust Co. now owns 1,611 shares of the industrial products company’s stock worth $108,000 after acquiring an additional 1,521 shares in the last quarter. Fort L.P. acquired a new stake in Xylem during the 2nd quarter worth $118,000. Stelac Advisory Services LLC acquired a new stake in Xylem during the 2nd quarter worth $125,000. Finally, Piedmont Investment Advisors LLC acquired a new stake in Xylem during the 2nd quarter worth $139,000. Hedge funds and other institutional investors own 84.53% of the company’s stock.
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.
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