Shares of Xylem Inc (NYSE:XYL) have been assigned an average rating of “Buy” from the fourteen analysts that are covering the company, MarketBeat reports. Six investment analysts have rated the stock with a hold rating and eight have assigned a buy rating to the company. The average twelve-month price target among brokerages that have updated their coverage on the stock in the last year is $71.70.
A number of equities research analysts recently issued reports on the stock. Oppenheimer upped their price objective on shares of Xylem to $82.00 and gave the company an “outperform” rating in a report on Friday, February 2nd. Seaport Global Securities reissued a “buy” rating and issued a $83.00 price objective on shares of Xylem in a report on Friday, February 2nd. BMO Capital Markets reissued a “buy” rating and issued a $86.00 price objective on shares of Xylem in a report on Friday, February 2nd. Canaccord Genuity reissued a “hold” rating and issued a $75.00 price objective on shares of Xylem in a report on Sunday, January 28th. Finally, Zacks Investment Research lowered shares of Xylem from a “buy” rating to a “hold” rating in a report on Tuesday, February 13th.
In other Xylem news, Director Steven R. Loranger sold 17,139 shares of the stock in a transaction dated Wednesday, December 20th. The shares were sold at an average price of $68.10, for a total transaction of $1,167,165.90. Following the completion of the transaction, the director now owns 26,150 shares of the company’s stock, valued at $1,780,815. The sale was disclosed in a legal filing with the SEC, which is available at this link. Also, insider Tomas Brannemo sold 2,260 shares of the stock in a transaction dated Tuesday, December 19th. The stock was sold at an average price of $67.75, for a total transaction of $153,115.00. Following the transaction, the insider now directly owns 10,975 shares of the company’s stock, valued at approximately $743,556.25. The disclosure for this sale can be found here. In the last ninety days, insiders have sold 75,455 shares of company stock valued at $5,166,873. 0.75% of the stock is currently owned by insiders.
Shares of Xylem (NYSE XYL) traded up $0.50 on Wednesday, hitting $75.23. 956,200 shares of the company were exchanged, compared to its average volume of 1,126,973. The company has a debt-to-equity ratio of 0.87, a current ratio of 1.88 and a quick ratio of 1.41. Xylem has a 12-month low of $46.95 and a 12-month high of $76.81. The stock has a market capitalization of $13,511.31, a price-to-earnings ratio of 40.89, a P/E/G ratio of 1.44 and a beta of 1.20.
Xylem (NYSE:XYL) last announced its quarterly earnings data on Thursday, February 1st. The industrial products company reported $0.76 earnings per share (EPS) for the quarter, meeting the Zacks’ consensus estimate of $0.76. Xylem had a net margin of 7.03% and a return on equity of 17.95%. The firm had revenue of $1.28 billion during the quarter, compared to analyst estimates of $1.27 billion. During the same quarter in the prior year, the firm posted $0.66 earnings per share. Xylem’s quarterly revenue was up 16.6% on a year-over-year basis. equities analysts anticipate that Xylem will post 2.91 EPS for the current year.
The business also recently announced a quarterly dividend, which will be paid on Thursday, March 15th. Shareholders of record on Thursday, February 15th will be paid a dividend of $0.21 per share. This represents a $0.84 annualized dividend and a yield of 1.12%. The ex-dividend date of this dividend is Wednesday, February 14th. This is a positive change from Xylem’s previous quarterly dividend of $0.18. Xylem’s dividend payout ratio (DPR) is 45.65%.
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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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