Xylem (XYL) PT Lowered to $82.00

Xylem (NYSE:XYL) had its price objective lowered by equities researchers at BMO Capital Markets from $84.00 to $82.00 in a research note issued on Wednesday. The firm presently has an “outperform” rating on the industrial products company’s stock. BMO Capital Markets’ target price indicates a potential upside of 19.27% from the company’s previous close.

Several other equities research analysts have also recently weighed in on the company. Vertical Research cut Xylem from a “hold” rating to a “sell” rating in a research note on Monday, October 8th. Berenberg Bank initiated coverage on Xylem in a research note on Wednesday, October 3rd. They issued a “sell” rating and a $65.00 price target for the company. Raymond James initiated coverage on Xylem in a research note on Wednesday, September 5th. They issued an “outperform” rating and a $90.00 price target for the company. Cowen reissued a “buy” rating and issued a $85.00 price target on shares of Xylem in a research note on Friday, October 12th. Finally, Zacks Investment Research cut Xylem from a “buy” rating to a “hold” rating in a research note on Saturday, October 13th. One research analyst has rated the stock with a sell rating, six have given a hold rating and eight have given a buy rating to the company. The stock has a consensus rating of “Hold” and an average price target of $79.57.

Shares of XYL stock opened at $68.75 on Wednesday. The stock has a market capitalization of $11.70 billion, a PE ratio of 28.65, a P/E/G ratio of 1.25 and a beta of 1.22. The company has a quick ratio of 1.02, a current ratio of 1.49 and a debt-to-equity ratio of 0.83. Xylem has a 1-year low of $63.71 and a 1-year high of $82.44.

Xylem (NYSE:XYL) last issued its quarterly earnings results on Tuesday, October 30th. The industrial products company reported $0.77 earnings per share for the quarter, meeting the consensus estimate of $0.77. The company had revenue of $1.29 billion during the quarter, compared to analysts’ expectations of $1.30 billion. Xylem had a return on equity of 19.54% and a net margin of 7.75%. The business’s quarterly revenue was up 7.7% on a year-over-year basis. During the same quarter in the prior year, the firm posted $0.65 earnings per share. As a group, research analysts predict that Xylem will post 2.88 earnings per share for the current year.

In related news, Director Curtis J. Crawford sold 7,500 shares of the firm’s stock in a transaction that occurred on Tuesday, August 7th. The stock was sold at an average price of $76.26, for a total transaction of $571,950.00. Following the completion of the sale, the director now owns 40,421 shares of the company’s stock, valued at $3,082,505.46. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. Also, insider Colin R. Sabol sold 17,161 shares of the firm’s stock in a transaction that occurred on Monday, September 17th. The stock was sold at an average price of $81.37, for a total value of $1,396,390.57. Following the sale, 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. Insiders have sold 29,161 shares of company stock valued at $2,327,231 in the last ninety days. 0.81% of the stock is currently owned by insiders.

A number of hedge funds and other institutional investors have recently added to or reduced their stakes in the stock. Congress Asset Management Co. MA boosted its holdings in Xylem by 4,780.9% in the second quarter. Congress Asset Management Co. MA now owns 1,112,856 shares of the industrial products company’s stock worth $74,984,000 after acquiring an additional 1,090,056 shares in the last quarter. Janus Henderson Group PLC boosted its holdings in Xylem by 38.1% in the second quarter. Janus Henderson Group PLC now owns 3,189,273 shares of the industrial products company’s stock worth $214,898,000 after acquiring an additional 880,125 shares in the last quarter. USS Investment Management Ltd boosted its holdings in Xylem by 43.7% in the second quarter. USS Investment Management Ltd now owns 2,615,320 shares of the industrial products company’s stock worth $176,220,000 after acquiring an additional 795,628 shares in the last quarter. TCW Group Inc. boosted its holdings in Xylem by 2,014.0% in the third quarter. TCW Group Inc. now owns 629,983 shares of the industrial products company’s stock worth $50,317,000 after acquiring an additional 600,183 shares in the last quarter. Finally, Renaissance Technologies LLC boosted its holdings in Xylem by 553.1% in the second quarter. Renaissance Technologies LLC now owns 442,800 shares of the industrial products company’s stock worth $29,836,000 after acquiring an additional 375,000 shares in the last quarter. 84.53% of the stock is owned by institutional investors and hedge funds.

About Xylem

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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