Xylem Inc (XYL) Receives Average Recommendation of “Buy” from Analysts

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.

Several hedge funds and other institutional investors have recently bought and sold shares of XYL. Greenleaf Trust boosted its stake in shares of Xylem by 97.4% in the fourth quarter. Greenleaf Trust now owns 1,490 shares of the industrial products company’s stock valued at $102,000 after purchasing an additional 735 shares during the period. Invictus RG purchased a new position in shares of Xylem in the third quarter valued at approximately $104,000. Hanson & Doremus Investment Management purchased a new position in shares of Xylem in the fourth quarter valued at approximately $126,000. FNY Partners Fund LP boosted its stake in shares of Xylem by 2,700.0% in the third quarter. FNY Partners Fund LP now owns 2,800 shares of the industrial products company’s stock valued at $175,000 after purchasing an additional 2,700 shares during the period. Finally, Advisor Group Inc. boosted its stake in shares of Xylem by 18.3% in the second quarter. Advisor Group Inc. now owns 3,592 shares of the industrial products company’s stock valued at $198,000 after purchasing an additional 555 shares during the period. 85.14% of the stock is owned by institutional investors and hedge funds.

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.

Analyst Recommendations for Xylem (NYSE:XYL)

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