Xylem Inc. (NYSE:XYL) – Equities research analysts at Seaport Global Securities lifted their Q2 2017 earnings estimates for shares of Xylem in a report released on Thursday. Seaport Global Securities analyst R. Cassil now anticipates that the industrial products company will post earnings per share of $0.57 for the quarter, up from their prior estimate of $0.55.
Several other analysts have also commented on the company. Cowen and Company raised their target price on Xylem from $56.00 to $60.00 and gave the stock an “outperform” rating in a report on Friday, March 24th. Barclays PLC raised Xylem from an “equal weight” rating to an “overweight” rating and raised their target price for the stock from $51.00 to $59.00 in a report on Monday, May 15th. CIBC reaffirmed a “buy” rating and set a $58.00 target price on shares of Xylem in a report on Thursday, April 6th. Oppenheimer Holdings, Inc. set a $58.00 target price on Xylem and gave the stock a “buy” rating in a report on Wednesday, April 5th. Finally, BMO Capital Markets started coverage on Xylem in a report on Wednesday, June 21st. They set an “outperform” rating and a $60.00 target price on the stock. Four equities research analysts have rated the stock with a hold rating and twelve have issued a buy rating to the company. The stock presently has a consensus rating of “Buy” and a consensus price target of $56.85.
Xylem (XYL) opened at 56.72 on Monday. Xylem has a 52-week low of $45.60 and a 52-week high of $56.93. The stock’s 50 day moving average price is $53.05 and its 200-day moving average price is $50.40. The stock has a market capitalization of $10.19 billion, a PE ratio of 40.81 and a beta of 1.18.
Xylem (NYSE:XYL) last posted its quarterly earnings data on Tuesday, May 2nd. The industrial products company reported $0.39 earnings per share for the quarter, beating the Zacks’ consensus estimate of $0.38 by $0.01. Xylem had a return on equity of 15.53% and a net margin of 6.75%. The firm had revenue of $1.07 billion for the quarter, compared to analysts’ expectations of $1.05 billion. During the same period in the previous year, the firm earned $0.35 EPS. The business’s quarterly revenue was up 26.4% on a year-over-year basis.
A number of institutional investors have recently modified their holdings of the company. Federated Investors Inc. PA increased its position in shares of Xylem by 30.7% in the fourth quarter. Federated Investors Inc. PA now owns 12,105 shares of the industrial products company’s stock worth $600,000 after buying an additional 2,842 shares in the last quarter. GSA Capital Partners LLP acquired a new position in shares of Xylem during the fourth quarter worth about $224,000. Numeric Investors LLC acquired a new position in shares of Xylem during the fourth quarter worth about $525,000. Quadrature Capital Ltd acquired a new position in shares of Xylem during the fourth quarter worth about $4,626,000. Finally, Perigon Wealth Management LLC acquired a new position in shares of Xylem during the fourth quarter worth about $586,000. Institutional investors own 85.51% of the company’s stock.
In other Xylem news, insider Tomas Brannemo sold 14,080 shares of the stock in a transaction that occurred on Thursday, May 4th. The stock was sold at an average price of $50.36, for a total transaction of $709,068.80. Following the transaction, the insider now owns 21,000 shares in the company, valued at $1,057,560. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website. Also, Director Steven R. Loranger sold 66,132 shares of the stock in a transaction that occurred on Thursday, June 29th. The stock was sold at an average price of $55.01, for a total value of $3,637,921.32. Following the transaction, the director now owns 65,030 shares in the company, valued at approximately $3,577,300.30. The disclosure for this sale can be found here. Corporate insiders own 0.75% of the company’s stock.
The firm also recently declared a quarterly dividend, which was paid on Wednesday, June 21st. Shareholders of record on Thursday, May 25th were given a dividend of $0.18 per share. The ex-dividend date was Tuesday, May 23rd. This represents a $0.72 dividend on an annualized basis and a yield of 1.27%. Xylem’s dividend payout ratio is currently 50.35%.
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.
Receive News & Ratings for Xylem Inc. Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Xylem Inc. and related companies with MarketBeat.com's FREE daily email newsletter.