Canaccord Genuity reissued their hold rating on shares of Xylem Inc. (NYSE:XYL) in a research note published on Friday, October 6th. They currently have a $56.00 target price on the industrial products company’s stock.
A number of other research analysts have also weighed in on the company. Cowen and Company reaffirmed an outperform rating and set a $70.00 price objective (up previously from $60.00) on shares of Xylem in a research report on Wednesday, August 9th. Oppenheimer Holdings, Inc. raised their price objective on Xylem from $60.00 to $66.00 and gave the company an outperform rating in a research report on Wednesday, August 2nd. Stifel Nicolaus reaffirmed a hold rating and set a $63.00 price objective on shares of Xylem in a research report on Tuesday, September 5th. Boenning Scattergood reaffirmed an outperform rating on shares of Xylem in a research report on Tuesday, September 5th. Finally, BMO Capital Markets assumed coverage on Xylem in a research report on Wednesday, June 21st. They set an outperform rating and a $60.00 price objective for the company. Six investment analysts have rated the stock with a hold rating and ten have issued a buy rating to the stock. The stock currently has an average rating of Buy and a consensus target price of $61.92.
Shares of Xylem (NYSE XYL) opened at 63.23 on Friday. Xylem has a 12-month low of $45.60 and a 12-month high of $65.70. The company has a market cap of $11.35 billion, a P/E ratio of 40.82 and a beta of 1.17. The stock’s 50 day moving average price is $63.30 and its 200 day moving average price is $56.45.
Xylem (NYSE:XYL) last released its earnings results on Tuesday, August 1st. The industrial products company reported $0.59 EPS for the quarter, beating the Zacks’ consensus estimate of $0.57 by $0.02. The company had revenue of $1.16 billion during the quarter, compared to analysts’ expectations of $1.17 billion. Xylem had a return on equity of 17.26% and a net margin of 6.58%. The firm’s revenue for the quarter was up 24.9% compared to the same quarter last year. During the same quarter last year, the business posted $0.48 EPS. On average, analysts forecast that Xylem will post $2.38 EPS for the current year.
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The firm 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 dividend on an annualized basis and a dividend yield of 1.14%. The ex-dividend date of this dividend is Wednesday, November 1st. Xylem’s payout ratio is 46.45%.
In other Xylem news, insider Kenneth Napolitano sold 9,052 shares of Xylem stock in a transaction on Wednesday, August 9th. The stock was sold at an average price of $60.16, for a total value of $544,568.32. Following the completion of the sale, the insider now owns 35,303 shares of the company’s stock, valued at approximately $2,123,828.48. The transaction was disclosed in a filing with the SEC, which can be accessed through the SEC website. 0.75% of the stock is currently owned by company insiders.
Several institutional investors and hedge funds have recently modified their holdings of the stock. Farmers & Merchants Investments Inc. grew its holdings in shares of Xylem by 0.7% in the second quarter. Farmers & Merchants Investments Inc. now owns 3,445 shares of the industrial products company’s stock worth $191,000 after acquiring an additional 25 shares during the period. Commonwealth of Pennsylvania Public School Empls Retrmt SYS grew its holdings in shares of Xylem by 0.3% in 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 acquiring an additional 39 shares during the period. National Asset Management Inc. grew its holdings in shares of Xylem by 0.5% in the first quarter. National Asset Management Inc. now owns 8,778 shares of the industrial products company’s stock worth $442,000 after acquiring an additional 48 shares during the period. CIBC Asset Management Inc grew its holdings in shares of Xylem by 0.3% in the second quarter. CIBC Asset Management Inc now owns 17,671 shares of the industrial products company’s stock worth $980,000 after acquiring an additional 58 shares during the period. Finally, Page Arthur B grew its holdings in shares of Xylem by 0.5% in the second quarter. Page Arthur B now owns 14,420 shares of the industrial products company’s stock worth $798,000 after acquiring an additional 70 shares during the period. 86.08% of the stock is 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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