Seaport Global Securities set a $80.00 target price on Xylem (NYSE:XYL) in a research note released on Wednesday morning. The brokerage currently has a buy rating on the industrial products company’s stock. Seaport Global Securities also issued estimates for Xylem’s Q4 2018 earnings at $0.88 EPS, Q1 2019 earnings at $0.63 EPS, Q2 2019 earnings at $0.87 EPS and Q4 2019 earnings at $0.97 EPS.
XYL has been the topic of several other reports. Vertical Research lowered shares of Xylem from a hold rating to a sell rating in a report on Monday, October 8th. Canaccord Genuity set a $78.00 price objective on shares of Xylem and gave the company a hold rating in a report on Tuesday, July 24th. Berenberg Bank set a $57.00 price objective on shares of Xylem and gave the company a sell rating in a report on Thursday, October 25th. Credit Suisse Group assumed coverage on shares of Xylem in a report on Friday, October 12th. They issued an outperform rating and a $86.00 price objective on the stock. Finally, Raymond James assumed coverage on shares of Xylem in a report on Wednesday, September 5th. They issued an outperform rating and a $90.00 price objective on the stock. One equities research 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. Xylem currently has an average rating of Hold and an average price target of $79.57.
Shares of XYL stock opened at $68.02 on Wednesday. The stock has a market cap of $11.70 billion, a PE ratio of 28.34, a PEG ratio of 1.25 and a beta of 1.22. Xylem has a twelve month low of $63.71 and a twelve month high of $82.44. The company has a debt-to-equity ratio of 0.83, a quick ratio of 1.02 and a current ratio of 1.49.
Xylem (NYSE:XYL) last issued its quarterly earnings data on Tuesday, October 30th. The industrial products company reported $0.77 earnings per share (EPS) for the quarter, meeting the consensus estimate of $0.77. The firm 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%. Xylem’s revenue was up 7.7% on a year-over-year basis. During the same period in the previous year, the firm earned $0.65 EPS. As a group, analysts forecast that Xylem will post 2.89 earnings per share for the current year.
The firm also recently declared a quarterly dividend, which will be paid on Friday, December 7th. Shareholders of record on Thursday, November 1st will be paid a dividend of $0.21 per share. The ex-dividend date is Wednesday, October 31st. This represents a $0.84 dividend on an annualized basis and a yield of 1.23%. Xylem’s dividend payout ratio (DPR) is presently 35.00%.
In other Xylem news, insider Colin R. Sabol sold 17,161 shares of the business’s 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 sale, the insider now directly owns 41,988 shares in the company, valued at $3,416,563.56. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, insider Paul A. Stellato sold 1,500 shares of the business’s stock in a transaction dated Wednesday, September 19th. The stock was sold at an average price of $82.00, for a total transaction of $123,000.00. Following the sale, the insider now owns 12,796 shares in the company, valued at $1,049,272. The disclosure for this sale can be found here. Insiders have sold 29,161 shares of company stock worth $2,327,231 over the last quarter. Insiders own 0.81% of the company’s stock.
A number of large investors have recently modified their holdings of the business. Perennial Advisors LLC increased its stake in Xylem by 1.9% during the second quarter. Perennial Advisors LLC now owns 36,114 shares of the industrial products company’s stock worth $2,433,000 after purchasing an additional 681 shares during the period. Rathbone Brothers plc increased its stake in Xylem by 0.8% during the third quarter. Rathbone Brothers plc now owns 96,091 shares of the industrial products company’s stock worth $7,675,000 after purchasing an additional 741 shares during the period. Stellar Capital Management LLC increased its stake in Xylem by 2.1% during the second quarter. Stellar Capital Management LLC now owns 39,820 shares of the industrial products company’s stock worth $2,683,000 after purchasing an additional 805 shares during the period. Pinnacle Financial Partners Inc. increased its stake in Xylem by 14.5% during the third quarter. Pinnacle Financial Partners Inc. now owns 6,466 shares of the industrial products company’s stock worth $516,000 after purchasing an additional 820 shares during the period. Finally, American Century Companies Inc. increased its stake in Xylem by 10.2% during the third quarter. American Century Companies Inc. now owns 9,222 shares of the industrial products company’s stock worth $737,000 after purchasing an additional 857 shares during the period. Institutional investors own 84.53% of the company’s stock.
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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