Xylem Inc. (NYSE:XYL) had its target price increased by Oppenheimer Holdings, Inc. from $66.00 to $75.00 in a report issued 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.
Other analysts have also recently issued research reports about the stock. Cowen and Company restated an outperform rating and set a $70.00 target price (up previously from $60.00) on shares of Xylem in a research note on Wednesday, August 9th. Boenning Scattergood restated an outperform rating on shares of Xylem in a research note on Tuesday, September 5th. Royal Bank Of Canada raised their target price on shares of Xylem from $58.00 to $64.00 and gave the stock an outperform rating in a research note on Wednesday, August 2nd. Robert W. Baird restated a hold rating and set a $67.00 target price on shares of Xylem in a research note on Wednesday, October 4th. Finally, Stifel Nicolaus reaffirmed a hold rating and set a $52.00 price target on shares of Xylem in a research report on Thursday, July 6th. Six analysts have rated the stock with a hold rating and nine have issued a buy rating to the company. The stock currently has a consensus rating of Buy and an average target price of $65.17.
Shares of Xylem (NYSE XYL) opened at $66.99 on Wednesday. The company has a market cap of $11,929.03, a price-to-earnings ratio of 29.00, a price-to-earnings-growth ratio of 1.85 and a beta of 1.16. The company has a debt-to-equity ratio of 0.88, a current ratio of 1.76 and a quick ratio of 1.26. Xylem has a 12 month low of $46.67 and a 12 month high of $67.64.
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The company also recently announced a quarterly dividend, which will be paid on Wednesday, December 6th. Shareholders of record on Thursday, November 2nd will be issued a $0.18 dividend. This represents a $0.72 annualized dividend and a yield of 1.07%. The ex-dividend date of this dividend is Wednesday, November 1st. Xylem’s dividend payout ratio is currently 41.86%.
In other Xylem news, insider Colin R. Sabol sold 38,070 shares of the firm’s stock in a transaction dated Thursday, November 2nd. The shares were sold at an average price of $65.81, for a total value of $2,505,386.70. Following the transaction, the insider now directly owns 61,979 shares of the company’s stock, valued at approximately $4,078,837.99. The transaction was disclosed in a legal filing with the SEC, which is available through this link. Also, Director Curtis J. Crawford sold 7,500 shares of the firm’s stock in a transaction dated Wednesday, November 8th. The shares were sold at an average price of $66.44, for a total transaction of $498,300.00. Following the completion of the transaction, the director now directly owns 52,385 shares in the company, valued at $3,480,459.40. The disclosure for this sale can be found here. Over the last three months, insiders sold 83,270 shares of company stock worth $5,501,312. Insiders own 0.75% of the company’s stock.
Several institutional investors have recently made changes to their positions in XYL. USS Investment Management Ltd bought a new stake in shares of Xylem during the 2nd quarter valued at approximately $91,840,000. Janus Henderson Group PLC grew its holdings in shares of Xylem by 404.5% during the 2nd quarter. Janus Henderson Group PLC now owns 1,853,943 shares of the industrial products company’s stock valued at $102,758,000 after purchasing an additional 1,486,463 shares during the last quarter. Voya Investment Management LLC grew its holdings in shares of Xylem by 554.0% during the 2nd quarter. Voya Investment Management LLC now owns 1,242,748 shares of the industrial products company’s stock valued at $68,886,000 after purchasing an additional 1,052,719 shares during the last quarter. William Blair Investment Management LLC bought a new stake in shares of Xylem during the 2nd quarter valued at approximately $48,151,000. Finally, State Street Corp grew its holdings in shares of Xylem by 11.5% during the 2nd quarter. State Street Corp now owns 8,360,506 shares of the industrial products company’s stock valued at $460,211,000 after purchasing an additional 861,484 shares during the last quarter. 87.39% of the stock is currently owned by 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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