A number of other analysts have also recently commented on the stock. Cowen and Company restated an outperform rating and set a $70.00 price target (up from $60.00) on shares of Xylem in a research note on Wednesday, August 9th. Oppenheimer Holdings, Inc. upped their price target on shares of Xylem from $60.00 to $66.00 and gave the company an outperform rating in a research note on Wednesday, August 2nd. Barclays PLC upgraded shares of Xylem from an equal weight rating to an overweight rating and upped their price target for the company from $51.00 to $59.00 in a research note on Monday, May 15th. Stifel Nicolaus reiterated a hold rating and issued a $63.00 target price on shares of Xylem in a research note on Tuesday, September 5th. Finally, BMO Capital Markets initiated coverage on shares of Xylem in a research note on Wednesday, June 21st. They issued an outperform rating and a $60.00 target price on the stock. Five equities research analysts have rated the stock with a hold rating and ten have assigned a buy rating to the company. The stock has an average rating of Buy and a consensus target price of $59.67.
Shares of Xylem (NYSE:XYL) traded up 1.28% during mid-day trading on Tuesday, hitting $64.75. The company’s stock had a trading volume of 776,095 shares. The company has a 50-day moving average price of $60.96 and a 200-day moving average price of $54.45. The stock has a market cap of $11.63 billion, a PE ratio of 41.80 and a beta of 1.17. Xylem has a 1-year low of $45.60 and a 1-year high of $64.80.
Xylem (NYSE:XYL) last posted its earnings results on Tuesday, August 1st. The industrial products company reported $0.59 EPS for the quarter, topping the consensus estimate of $0.57 by $0.02. Xylem had a net margin of 6.58% and a return on equity of 17.26%. The company had revenue of $1.16 billion during the quarter, compared to the consensus estimate of $1.17 billion. During the same period in the previous year, the firm posted $0.48 earnings per share. The firm’s revenue for the quarter was up 24.9% on a year-over-year basis. Analysts predict that Xylem will post $2.37 EPS for the current fiscal year.
The firm also recently announced a quarterly dividend, which was paid on Wednesday, September 20th. Investors of record on Thursday, August 31st were issued a dividend of $0.18 per share. This represents a $0.72 annualized dividend and a dividend yield of 1.11%. The ex-dividend date of this dividend was Tuesday, August 29th. Xylem’s dividend payout ratio is currently 46.45%.
In other Xylem news, Director Steven R. Loranger sold 66,132 shares of the firm’s stock in a transaction on Thursday, June 29th. The shares were sold at an average price of $55.01, for a total value of $3,637,921.32. Following the sale, the director now owns 65,030 shares of the company’s stock, valued at approximately $3,577,300.30. The sale was disclosed in a legal filing with the SEC, which is available through this hyperlink. Also, insider Kenneth Napolitano sold 9,052 shares of the firm’s stock in a transaction on Wednesday, August 9th. The stock was sold at an average price of $60.16, for a total transaction of $544,568.32. Following the completion of the sale, the insider now directly owns 35,303 shares in the company, valued at approximately $2,123,828.48. The disclosure for this sale can be found here. 0.75% of the stock is currently owned by company insiders.
Several large investors have recently bought and sold shares of the company. Farmers & Merchants Investments Inc. lifted its position in shares of Xylem by 0.7% in the 2nd quarter. Farmers & Merchants Investments Inc. now owns 3,445 shares of the industrial products company’s stock worth $191,000 after purchasing an additional 25 shares during the period. Commonwealth of Pennsylvania Public School Empls Retrmt SYS lifted its position in shares of Xylem by 0.3% in the 2nd quarter. Commonwealth of Pennsylvania Public School Empls Retrmt SYS now owns 13,352 shares of the industrial products company’s stock worth $740,000 after purchasing an additional 39 shares during the period. National Asset Management Inc. lifted its position in shares of Xylem by 0.5% in the 1st quarter. National Asset Management Inc. now owns 8,778 shares of the industrial products company’s stock worth $442,000 after purchasing an additional 48 shares during the period. CIBC Asset Management Inc lifted its position in shares of Xylem by 0.3% in the 2nd quarter. CIBC Asset Management Inc now owns 17,671 shares of the industrial products company’s stock worth $980,000 after purchasing an additional 58 shares during the period. Finally, Page Arthur B lifted its position in shares of Xylem by 0.5% in the 2nd quarter. Page Arthur B now owns 14,420 shares of the industrial products company’s stock worth $798,000 after purchasing an additional 70 shares during the period. 86.43% of the stock is owned by hedge funds and other institutional investors.
Xylem Company Profile
Xylem Inc is a water technology company. The Company designs, manufactures and services engineered solutions across a range of critical applications. It is an equipment and service provider for water and wastewater applications with a portfolio of products and services addressing the cycle of water, from collection, distribution and use to the return of water to the environment.
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