Xylem Inc. (NYSE:XYL) Receives Hold Rating from Stifel Nicolaus
Xylem Inc. (NYSE:XYL)‘s stock had its “hold” rating reaffirmed by equities research analysts at Stifel Nicolaus in a research note issued on Thursday, July 6th. They currently have a $52.00 price objective on the industrial products company’s stock. Stifel Nicolaus’ price objective indicates a potential downside of 7.31% from the company’s previous close.
Several other equities analysts have also recently weighed in on XYL. Goldman Sachs Group, Inc. (The) initiated coverage on shares of Xylem in a research note on Wednesday, March 8th. They set a “neutral” rating and a $52.00 target price for the company. Royal Bank Of Canada reaffirmed a “buy” rating and set a $57.00 target price on shares of Xylem in a research note on Sunday, March 12th. Cowen and Company raised their target price on shares of Xylem from $56.00 to $60.00 and gave the company an “outperform” rating in a research note on Friday, March 24th. Oppenheimer Holdings, Inc. set a $58.00 price objective on shares of Xylem and gave the stock a “buy” rating in a research note on Wednesday, April 5th. Finally, CIBC reaffirmed a “buy” rating and set a $58.00 price target on shares of Xylem in a research note on Thursday, April 6th. Four research analysts have rated the stock with a hold rating and twelve have issued a buy rating to the company’s stock. The stock has an average rating of “Buy” and an average price target of $56.85.
Xylem (XYL) traded up 0.47% during mid-day trading on Thursday, reaching $56.10. The company had a trading volume of 935,536 shares. Xylem has a one year low of $45.60 and a one year high of $56.18. The company has a market capitalization of $10.08 billion, a P/E ratio of 40.36 and a beta of 1.18. The stock has a 50 day moving average price of $53.05 and a 200 day moving average price of $50.40.
Xylem (NYSE:XYL) last posted its earnings results on Tuesday, May 2nd. The industrial products company reported $0.39 earnings per share for the quarter, beating the Thomson Reuters’ consensus estimate of $0.38 by $0.01. The company had revenue of $1.07 billion during the quarter, compared to analysts’ expectations of $1.05 billion. Xylem had a net margin of 6.75% and a return on equity of 15.53%. Xylem’s quarterly revenue was up 26.4% on a year-over-year basis. During the same period last year, the company posted $0.35 earnings per share. On average, equities analysts expect that Xylem will post $2.31 earnings per share for the current fiscal year.
The business also recently announced 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. This represents a $0.72 annualized dividend and a yield of 1.28%. The ex-dividend date was Tuesday, May 23rd. Xylem’s dividend payout ratio is presently 50.35%.
In related news, Director Steven R. Loranger sold 66,132 shares of the business’s stock in a transaction on Thursday, June 29th. The shares were sold at an average price of $55.01, for a total value of $3,637,921.32. Following the completion of the transaction, the director now directly owns 65,030 shares in the company, valued at approximately $3,577,300.30. The transaction was disclosed in a document filed with the SEC, which is accessible through the SEC website. Also, insider Tomas Brannemo sold 14,080 shares of the business’s stock in a transaction on Thursday, May 4th. The shares were sold at an average price of $50.36, for a total transaction of $709,068.80. Following the completion of the transaction, the insider now owns 21,000 shares of the company’s stock, valued at $1,057,560. The disclosure for this sale can be found here. 0.75% of the stock is owned by corporate insiders.
A number of institutional investors have recently bought and sold shares of XYL. Peoples Financial Services CORP. boosted its position in Xylem by 3.2% in the first quarter. Peoples Financial Services CORP. now owns 6,463 shares of the industrial products company’s stock worth $324,000 after buying an additional 200 shares in the last quarter. Bank of America Corp DE boosted its position in Xylem by 4.2% in the first quarter. Bank of America Corp DE now owns 2,251,684 shares of the industrial products company’s stock worth $113,079,000 after buying an additional 91,478 shares in the last quarter. Toronto Dominion Bank boosted its position in Xylem by 56.6% in the first quarter. Toronto Dominion Bank now owns 48,431 shares of the industrial products company’s stock worth $2,433,000 after buying an additional 17,497 shares in the last quarter. Asset Planning Services Ltd. boosted its position in Xylem by 0.3% in the first quarter. Asset Planning Services Ltd. now owns 2,107 shares of the industrial products company’s stock worth $106,000 after buying an additional 7 shares in the last quarter. Finally, Teachers Advisors LLC boosted its position in Xylem by 23.1% in the fourth quarter. Teachers Advisors LLC now owns 242,609 shares of the industrial products company’s stock worth $12,014,000 after buying an additional 45,505 shares in the last quarter. Institutional investors own 85.28% of the company’s stock.
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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