Xylem (NYSE:XYL) Releases Earnings Results

Xylem (NYSE:XYL) announced its quarterly earnings data on Thursday. The industrial products company reported $0.79 EPS for the quarter, meeting the Zacks’ consensus estimate of $0.79, Morningstar.com reports. Xylem had a net margin of 10.90% and a return on equity of 19.23%. The company had revenue of $1.35 billion for the quarter, compared to the consensus estimate of $1.35 billion. During the same period in the prior year, the firm posted $0.73 EPS. The company’s quarterly revenue was up 2.1% compared to the same quarter last year. Xylem updated its FY 2019 guidance to $3.12-3.22 EPS.

Shares of Xylem stock opened at $77.53 on Friday. The firm has a fifty day moving average of $81.72. Xylem has a 12-month low of $60.65 and a 12-month high of $85.39. The company has a debt-to-equity ratio of 0.71, a quick ratio of 1.02 and a current ratio of 1.47. The firm has a market cap of $14.18 billion, a PE ratio of 26.92, a price-to-earnings-growth ratio of 1.49 and a beta of 1.19.

In other news, SVP Claudia S. Toussaint sold 2,344 shares of the company’s stock in a transaction on Wednesday, June 5th. The shares were sold at an average price of $78.53, for a total value of $184,074.32. Following the completion of the transaction, the senior vice president now owns 43,761 shares in the company, valued at approximately $3,436,551.33. The sale was disclosed in a document filed with the SEC, which is available at this link. Also, insider Kenneth Napolitano sold 5,000 shares of the company’s stock in a transaction on Monday, June 3rd. The shares were sold at an average price of $75.13, for a total transaction of $375,650.00. Following the completion of the transaction, the insider now owns 46,228 shares of the company’s stock, valued at approximately $3,473,109.64. The disclosure for this sale can be found here. In the last 90 days, insiders sold 46,818 shares of company stock valued at $3,747,594. Company insiders own 0.85% of the company’s stock.

Institutional investors have recently modified their holdings of the company. ETF Managers Group LLC boosted its stake in Xylem by 7.6% during the 1st quarter. ETF Managers Group LLC now owns 1,873 shares of the industrial products company’s stock worth $148,000 after purchasing an additional 132 shares during the period. CWM LLC boosted its stake in Xylem by 19.7% during the 2nd quarter. CWM LLC now owns 807 shares of the industrial products company’s stock worth $67,000 after purchasing an additional 133 shares during the period. Whittier Trust Co. of Nevada Inc. boosted its stake in Xylem by 13.4% during the 1st quarter. Whittier Trust Co. of Nevada Inc. now owns 1,134 shares of the industrial products company’s stock worth $90,000 after purchasing an additional 134 shares during the period. Thrivent Financial for Lutherans boosted its stake in Xylem by 1.8% during the 4th quarter. Thrivent Financial for Lutherans now owns 7,864 shares of the industrial products company’s stock worth $525,000 after purchasing an additional 138 shares during the period. Finally, Manchester Capital Management LLC boosted its stake in Xylem by 1.0% during the 1st quarter. Manchester Capital Management LLC now owns 13,863 shares of the industrial products company’s stock worth $1,096,000 after purchasing an additional 140 shares during the period. Institutional investors and hedge funds own 85.37% of the company’s stock.

A number of equities research analysts have commented on XYL shares. Stifel Nicolaus dropped their price objective on shares of Xylem from $93.00 to $89.00 and set a “buy” rating on the stock in a research report on Friday, May 3rd. Zacks Investment Research raised shares of Xylem from a “sell” rating to a “hold” rating in a research report on Saturday, April 13th. Cowen downgraded shares of Xylem from an “outperform” rating to a “market perform” rating and dropped their price objective for the company from $75.00 to $72.00 in a research report on Tuesday, May 14th. Janney Montgomery Scott raised shares of Xylem from a “neutral” rating to a “buy” rating and set a $86.00 price objective on the stock in a research report on Friday, May 3rd. Finally, ValuEngine downgraded shares of Xylem from a “buy” rating to a “hold” rating in a research report on Thursday. One analyst has rated the stock with a sell rating, five have issued a hold rating and eight have given a buy rating to the company. The stock presently has a consensus rating of “Buy” and a consensus target price of $79.69.

About Xylem

Xylem Inc engages in the design, manufacture, and servicing of engineered products and solutions for the water and wastewater applications. It operates in three segments: Water Infrastructure, Applied Water, and Measurement & Control Solutions. The Water Infrastructure segment offers various products, including water and wastewater pumps; controls and systems; filtration, disinfection, and biological treatment equipment; and mobile dewatering equipment under the Flygt, Godwin, Wedeco, Sanitaire, and Leopold names for the transportation and treatment of water.

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Earnings History for Xylem (NYSE:XYL)

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