Xylem Inc. (NYSE:XYL) had its target price raised by Oppenheimer Holdings, Inc. from $66.00 to $75.00 in a research report report published on Wednesday, November 1st. Oppenheimer Holdings, Inc. currently has an outperform rating on the industrial products company’s stock. Oppenheimer Holdings also issued estimates for Xylem’s FY2017 earnings at $2.40 EPS, FY2018 earnings at $2.80 EPS and FY2019 earnings at $3.25 EPS.
XYL has been the subject of several other reports. Cowen and Company reissued an outperform rating and issued a $70.00 price objective (up from $60.00) on shares of Xylem in a research report on Wednesday, August 9th. Canaccord Genuity reaffirmed a hold rating and issued a $56.00 target price on shares of Xylem in a research report on Friday, October 6th. BMO Capital Markets boosted their target price on Xylem from $74.00 to $76.00 and gave the company an outperform rating in a research report on Wednesday, November 1st. Stifel Nicolaus reiterated a hold rating and set a $63.00 price target on shares of Xylem in a research note on Tuesday, September 5th. Finally, Boenning Scattergood reiterated an outperform rating on shares of Xylem in a research note on Tuesday, September 5th. Six research analysts have rated the stock with a hold rating and ten have assigned a buy rating to the stock. Xylem currently has a consensus rating of Buy and a consensus price target of $65.17.
Xylem (XYL) traded down $0.22 during midday trading on Wednesday, hitting $66.03. The company had a trading volume of 480,700 shares, compared to its average volume of 1,243,419. The company has a debt-to-equity ratio of 0.88, a quick ratio of 1.26 and a current ratio of 1.76. Xylem has a 12 month low of $46.67 and a 12 month high of $67.64. The firm has a market cap of $11,898.50, a P/E ratio of 28.93, a price-to-earnings-growth ratio of 1.85 and a beta of 1.16.
Xylem (NYSE:XYL) last released its quarterly earnings data on Tuesday, October 31st. The industrial products company reported $0.65 earnings per share for the quarter, beating the Thomson Reuters’ consensus estimate of $0.64 by $0.01. The company had revenue of $1.20 billion for the quarter, compared to the consensus estimate of $1.18 billion. Xylem had a return on equity of 17.74% and a net margin of 6.85%. Xylem’s revenue for the quarter was up 33.2% on a year-over-year basis. During the same quarter last year, the business posted $0.54 EPS. equities research analysts anticipate that Xylem will post 2.39 EPS for the current year.
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The company also recently announced a quarterly dividend, which will be paid on Wednesday, December 6th. Investors of record on Thursday, November 2nd will be paid a $0.18 dividend. The ex-dividend date of this dividend is Wednesday, November 1st. This represents a $0.72 dividend on an annualized basis and a yield of 1.09%. Xylem’s dividend payout ratio is presently 41.86%.
In related news, Director Steven R. Loranger sold 37,700 shares of the stock in a transaction on Monday, November 6th. The stock was sold at an average price of $66.25, for a total value of $2,497,625.00. Following the transaction, the director now owns 58,831 shares of the company’s stock, valued at $3,897,553.75. The transaction was disclosed in a legal filing with the SEC, which can be accessed through this hyperlink. Also, Director Curtis J. Crawford sold 7,500 shares of the stock in a transaction on Wednesday, November 8th. The shares were sold at an average price of $66.44, for a total value of $498,300.00. Following the completion of the transaction, the director now directly owns 52,385 shares in the company, valued at approximately $3,480,459.40. The disclosure for this sale can be found here. In the last three months, insiders sold 83,270 shares of company stock worth $5,501,312. 0.75% of the stock is owned by insiders.
A number of hedge funds and other institutional investors have recently bought and sold shares of the business. Farmers & Merchants Investments Inc. boosted its position in Xylem by 0.7% during the second quarter. Farmers & Merchants Investments Inc. now owns 3,445 shares of the industrial products company’s stock valued at $191,000 after buying an additional 25 shares during the period. Commonwealth of Pennsylvania Public School Empls Retrmt SYS boosted its holdings in shares of Xylem by 0.3% during the second 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. CIBC Asset Management Inc boosted its holdings in shares of Xylem by 0.3% during the second 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. Page Arthur B boosted its holdings in shares of Xylem by 0.5% during the second 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. Finally, Manchester Capital Management LLC boosted its holdings in shares of Xylem by 0.5% during the second quarter. Manchester Capital Management LLC now owns 14,198 shares of the industrial products company’s stock worth $787,000 after purchasing an additional 76 shares during the period. Institutional investors and hedge funds own 86.14% of the company’s stock.
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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