Xylem Inc (NYSE:XYL) has earned an average rating of “Hold” from the twenty research firms that are currently covering the firm, Marketbeat Ratings reports. Three research analysts have rated the stock with a sell recommendation, thirteen have assigned a hold recommendation and three have issued a buy recommendation on the company. The average 1-year price target among analysts that have issued ratings on the stock in the last year is $70.67.
XYL has been the topic of several analyst reports. Janney Montgomery Scott boosted their price objective on shares of Xylem from $63.00 to $67.00 and gave the stock a “neutral” rating in a research note on Wednesday, June 3rd. Robert W. Baird boosted their price objective on shares of Xylem from $71.00 to $74.00 and gave the stock a “neutral” rating in a research note on Friday, June 19th. Credit Suisse Group boosted their price objective on shares of Xylem from $62.00 to $69.00 and gave the stock an “underperform” rating in a research note on Friday, July 31st. Oppenheimer restated a “hold” rating on shares of Xylem in a report on Thursday, July 30th. Finally, Rosenblatt Securities dropped their target price on shares of Xylem from $85.00 to $82.00 and set a “buy” rating on the stock in a report on Thursday, July 30th.
NYSE XYL opened at $82.20 on Tuesday. The firm’s fifty day moving average price is $81.37 and its two-hundred day moving average price is $70.99. The stock has a market cap of $14.79 billion, a PE ratio of 59.14, a PEG ratio of 4.57 and a beta of 1.07. Xylem has a fifty-two week low of $54.62 and a fifty-two week high of $89.34. The company has a debt-to-equity ratio of 1.06, a quick ratio of 1.97 and a current ratio of 2.40.
Xylem (NYSE:XYL) last issued its quarterly earnings data on Thursday, July 30th. The industrial products company reported $0.40 earnings per share for the quarter, topping the consensus estimate of $0.39 by $0.01. Xylem had a net margin of 5.09% and a return on equity of 14.72%. The company had revenue of $1.16 billion for the quarter, compared to analysts’ expectations of $1.15 billion. As a group, sell-side analysts predict that Xylem will post 1.85 earnings per share for the current fiscal year.
The business also recently disclosed a quarterly dividend, which was paid on Thursday, September 24th. Stockholders of record on Thursday, August 27th were issued a dividend of $0.26 per share. The ex-dividend date of this dividend was Wednesday, August 26th. This represents a $1.04 annualized dividend and a dividend yield of 1.27%. Xylem’s dividend payout ratio is currently 34.44%.
In other news, SVP Colin R. Sabol sold 2,066 shares of the company’s stock in a transaction dated Wednesday, July 15th. The shares were sold at an average price of $75.00, for a total transaction of $154,950.00. Following the transaction, the senior vice president now owns 31,185 shares in the company, valued at $2,338,875. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. Also, SVP David Flinton sold 1,008 shares of the company’s stock in a transaction dated Monday, August 24th. The shares were sold at an average price of $80.86, for a total transaction of $81,506.88. Following the transaction, the senior vice president now owns 25,757 shares in the company, valued at approximately $2,082,711.02. The disclosure for this sale can be found here. 1.01% of the stock is currently owned by corporate insiders.
Several large investors have recently bought and sold shares of XYL. Asset Advisors Investment Management LLC bought a new position in shares of Xylem during the 2nd quarter valued at $26,000. Balentine LLC bought a new position in shares of Xylem during the 1st quarter valued at $33,000. Selective Wealth Management Inc. bought a new position in shares of Xylem during the 2nd quarter valued at $45,000. Heritage Wealth Advisors grew its holdings in shares of Xylem by 43.4% during the 2nd quarter. Heritage Wealth Advisors now owns 1,365 shares of the industrial products company’s stock valued at $46,000 after purchasing an additional 413 shares during the last quarter. Finally, Barrett Asset Management LLC bought a new position in shares of Xylem during the 2nd quarter valued at $62,000. 84.92% of the stock is owned by institutional investors.
Xylem Company Profile
Xylem Inc engages in the design, manufacture, and servicing of engineered products and solutions for the water and wastewater applications. It operates in three segments: Water Infrastructure, Applied Water, and Measurement & Control Solutions. The Water Infrastructure segment offers various products, including water and wastewater pumps; controls and systems; filtration, disinfection, and biological treatment equipment; and mobile dewatering equipment under the Flygt, Godwin, Wedeco, Sanitaire, and Leopold names for the transportation and treatment of water.
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