Shares of Xylem Inc (NYSE:XYL) have earned a consensus rating of “Buy” from the fifteen ratings firms that are presently covering the company, MarketBeat Ratings reports. One equities research analyst has rated the stock with a sell rating, four have issued a hold rating and ten have given a buy rating to the company. The average 12-month price objective among analysts that have issued ratings on the stock in the last year is $78.14.
A number of analysts have recently weighed in on XYL shares. Credit Suisse Group started coverage on shares of Xylem in a research report on Friday, October 12th. They set an “outperform” rating and a $86.00 price target for the company. Zacks Investment Research downgraded shares of Xylem from a “hold” rating to a “sell” rating in a research report on Sunday, January 6th. Vertical Research raised shares of Xylem from a “sell” rating to a “hold” rating and set a $68.00 price target for the company in a research report on Thursday, October 18th. Royal Bank of Canada reissued a “buy” rating and set a $77.00 price target on shares of Xylem in a research report on Wednesday, October 31st. Finally, Oppenheimer restated a “buy” rating on shares of Xylem in a research note on Tuesday, October 30th.
Shares of XYL stock traded down $1.19 during mid-day trading on Thursday, reaching $70.37. 794,839 shares of the company were exchanged, compared to its average volume of 1,011,404. Xylem has a fifty-two week low of $60.65 and a fifty-two week high of $82.44. The company has a current ratio of 1.51, a quick ratio of 1.08 and a debt-to-equity ratio of 0.74. The company has a market capitalization of $12.71 billion, a P/E ratio of 24.43, a PEG ratio of 1.22 and a beta of 1.21.
Xylem (NYSE:XYL) last released its quarterly earnings results on Thursday, January 31st. The industrial products company reported $0.88 earnings per share for the quarter, hitting analysts’ consensus estimates of $0.88. Xylem had a net margin of 10.54% and a return on equity of 19.89%. The business had revenue of $1.39 billion during the quarter, compared to the consensus estimate of $1.36 billion. On average, research analysts predict that Xylem will post 3.31 EPS for the current year.
The company also recently disclosed a quarterly dividend, which will be paid on Thursday, March 14th. Investors of record on Thursday, February 14th will be paid a dividend of $0.24 per share. The ex-dividend date of this dividend is Wednesday, February 13th. This is a boost from Xylem’s previous quarterly dividend of $0.21. This represents a $0.96 annualized dividend and a yield of 1.36%. Xylem’s dividend payout ratio (DPR) is 29.17%.
In related news, insider Kenneth Napolitano sold 35,526 shares of the firm’s stock in a transaction on Monday, February 4th. The stock was sold at an average price of $70.17, for a total transaction of $2,492,859.42. The sale was disclosed in a legal filing with the SEC, which can be accessed through the SEC website. Company insiders own 0.81% of the company’s stock.
A number of institutional investors and hedge funds have recently made changes to their positions in XYL. Notis McConarty Edward lifted its stake in Xylem by 5.9% in the third quarter. Notis McConarty Edward now owns 17,945 shares of the industrial products company’s stock valued at $1,433,000 after buying an additional 1,000 shares during the last quarter. Rehmann Capital Advisory Group lifted its stake in Xylem by 7,887.0% in the third quarter. Rehmann Capital Advisory Group now owns 15,974 shares of the industrial products company’s stock valued at $200,000 after buying an additional 15,774 shares during the last quarter. Scout Investments Inc. lifted its stake in Xylem by 4.8% in the third quarter. Scout Investments Inc. now owns 326,509 shares of the industrial products company’s stock valued at $26,078,000 after buying an additional 14,991 shares during the last quarter. AQR Capital Management LLC lifted its stake in Xylem by 39.2% in the third quarter. AQR Capital Management LLC now owns 109,228 shares of the industrial products company’s stock valued at $8,724,000 after buying an additional 30,737 shares during the last quarter. Finally, Trust Co. of Vermont lifted its stake in Xylem by 50.8% in the third quarter. Trust Co. of Vermont now owns 3,818 shares of the industrial products company’s stock valued at $305,000 after buying an additional 1,287 shares during the last quarter. Hedge funds and other institutional investors own 83.70% 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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