Xylem Inc. (XYL) Given Average Rating of “Hold” by Analysts
Shares of Xylem Inc. (NYSE:XYL) have been assigned an average rating of “Hold” from the fifteen brokerages that are presently covering the company. Eight analysts have rated the stock with a hold recommendation and six have assigned a buy recommendation to the company. The average 12 month price objective among brokers that have covered the stock in the last year is $46.10.
Several equities research analysts have recently weighed in on XYL shares. Atlantic Securities raised Xylem from a “neutral” rating to an “overweight” rating and set a $54.00 price objective for the company in a research report on Monday, August 22nd. Oppenheimer Holdings Inc. reissued an “outperform” rating and issued a $52.00 price objective (up from $46.00) on shares of Xylem in a research report on Monday, June 20th. Canaccord Genuity reissued a “hold” rating and issued a $50.00 price objective (up from $45.00) on shares of Xylem in a research report on Tuesday, August 16th. RBC Capital Markets set a $51.00 price objective on Xylem and gave the company a “buy” rating in a research report on Tuesday, August 16th. Finally, Royal Bank Of Canada increased their price objective on Xylem from $47.00 to $51.00 and gave the company an “outperform” rating in a research report on Tuesday, August 16th.
In other news, Director Steven R. Loranger sold 33,887 shares of the firm’s stock in a transaction on Thursday, August 11th. The stock was sold at an average price of $48.11, for a total value of $1,630,303.57. Following the completion of the sale, the director now directly owns 11,243 shares in the company, valued at $540,900.73. The sale was disclosed in a filing with the SEC, which is accessible through this link. Also, Director Steven R. Loranger sold 32,246 shares of the firm’s stock in a transaction on Thursday, July 28th. The shares were sold at an average price of $48.01, for a total value of $1,548,130.46. Following the completion of the sale, the director now owns 38,334 shares of the company’s stock, valued at $1,840,415.34. The disclosure for this sale can be found here. 0.77% of the stock is owned by insiders.
Several hedge funds have recently made changes to their positions in XYL. Pensionfund Sabic acquired a new stake in shares of Xylem during the third quarter worth $1,678,000. Pensionfund DSM Netherlands acquired a new stake in shares of Xylem during the third quarter worth $3,672,000. Creative Planning raised its stake in shares of Xylem by 5.0% in the third quarter. Creative Planning now owns 14,315 shares of the company’s stock worth $751,000 after buying an additional 681 shares during the period. Daiwa SB Investments Ltd. acquired a new stake in shares of Xylem during the third quarter worth $1,799,000. Finally, Oregon Public Employees Retirement Fund raised its stake in shares of Xylem by 4.3% in the third quarter. Oregon Public Employees Retirement Fund now owns 40,091 shares of the company’s stock worth $2,103,000 after buying an additional 1,637 shares during the period. Institutional investors own 84.70% of the company’s stock.
Shares of Xylem (NYSE:XYL) traded up 0.95% during trading on Wednesday, hitting $50.17. 552,502 shares of the stock traded hands. The firm’s 50-day moving average price is $50.98 and its 200-day moving average price is $46.34. Xylem has a 52 week low of $31.67 and a 52 week high of $53.25. The company has a market cap of $8.99 billion, a price-to-earnings ratio of 26.79 and a beta of 1.15.
Xylem (NYSE:XYL) last posted its quarterly earnings data on Tuesday, August 2nd. The company reported $0.48 earnings per share for the quarter, beating the consensus estimate of $0.47 by $0.01. Xylem had a return on equity of 16.41% and a net margin of 9.22%. The company earned $932 million during the quarter, compared to analysts’ expectations of $927.69 million. During the same period in the prior year, the business earned $0.43 earnings per share. Xylem’s revenue for the quarter was up 1.3% compared to the same quarter last year. On average, equities research analysts anticipate that Xylem will post $2.04 earnings per share for the current year.
The firm also recently announced a quarterly dividend, which was paid on Wednesday, September 21st. Stockholders of record on Wednesday, August 31st were paid a $0.1549 dividend. The ex-dividend date of this dividend was Monday, August 29th. This represents a $0.62 dividend on an annualized basis and a dividend yield of 1.25%. Xylem’s dividend payout ratio (DPR) is presently 33.16%.
Xylem Company Profile
Xylem Inc is engaged in the design, manufacturing, and application of engineered technologies for the water industry. The Company 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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