Xylem Inc. (NYSE:XYL) was upgraded by equities research analysts at Barclays PLC from an “equal weight” rating to an “overweight” rating in a research report issued on Monday, May 15th, MarketBeat reports. The brokerage presently has a $59.00 price target on the industrial products company’s stock, up from their previous price target of $51.00. Barclays PLC’s price objective suggests a potential upside of 9.16% from the company’s current price.
A number of other equities analysts have also issued reports on XYL. Canaccord Genuity reaffirmed a “hold” rating and set a $50.00 price target on shares of Xylem in a research note on Wednesday, February 8th. Zacks Investment Research raised Xylem from a “sell” rating to a “hold” rating in a research note on Monday, February 6th. Boenning Scattergood raised Xylem from a “neutral” rating to an “outperform” rating and set a $55.00 price target for the company in a research note on Friday, February 3rd. Oppenheimer Holdings, Inc. reaffirmed a “buy” rating on shares of Xylem in a research note on Tuesday, May 9th. Finally, CIBC reissued a “buy” rating on shares of Xylem in a research note on Wednesday, May 10th. Six investment analysts have rated the stock with a hold rating and nine have assigned a buy rating to the company. The stock presently has a consensus rating of “Buy” and an average target price of $55.18.
Xylem (NYSE XYL) traded up 0.17% during mid-day trading on Monday, reaching $54.05. The company’s stock had a trading volume of 1,607,084 shares. Xylem has a 52 week low of $42.52 and a 52 week high of $54.99. The firm has a market capitalization of $9.71 billion, a P/E ratio of 38.88 and a beta of 1.15. The firm’s 50 day moving average price is $52.28 and its 200 day moving average price is $50.23.
Xylem (NYSE:XYL) last issued its quarterly earnings results on Tuesday, May 2nd. The industrial products company reported $0.39 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.38 by $0.01. The firm had revenue of $1.07 billion during the quarter, compared to analyst estimates of $1.05 billion. Xylem had a return on equity of 15.53% and a net margin of 6.75%. The firm’s quarterly revenue was up 26.4% on a year-over-year basis. During the same period last year, the company posted $0.35 EPS. On average, analysts anticipate that Xylem will post $2.31 EPS for the current fiscal year.
The firm also recently announced a quarterly dividend, which will be paid on Wednesday, June 21st. Stockholders of record on Thursday, May 25th will be given a $0.18 dividend. The ex-dividend date is Tuesday, May 23rd. This represents a $0.72 annualized dividend and a dividend yield of 1.33%. Xylem’s dividend payout ratio (DPR) is presently 50.35%.
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In other news, insider Tomas Brannemo sold 14,080 shares of the firm’s stock in a transaction on Thursday, May 4th. The stock was sold at an average price of $50.36, for a total value of $709,068.80. Following the completion of the sale, the insider now owns 21,000 shares of the company’s stock, valued at $1,057,560. The sale was disclosed in a legal filing with the SEC, which is accessible through this link. Company insiders own 0.75% of the company’s stock.
Several hedge funds have recently modified their holdings of the company. Asset Planning Services Ltd. boosted its stake in shares of Xylem by 2,000.0% in the fourth quarter. Asset Planning Services Ltd. now owns 2,100 shares of the industrial products company’s stock valued at $104,000 after buying an additional 2,000 shares during the period. Contravisory Investment Management Inc. boosted its stake in shares of Xylem by 96.1% in the first quarter. Contravisory Investment Management Inc. now owns 2,345 shares of the industrial products company’s stock valued at $118,000 after buying an additional 1,149 shares during the period. Cribstone Capital Management LLC boosted its stake in shares of Xylem by 1,214.6% in the first quarter. Cribstone Capital Management LLC now owns 2,432 shares of the industrial products company’s stock valued at $124,000 after buying an additional 2,247 shares during the period. Advisor Group Inc. boosted its stake in shares of Xylem by 10.0% in the third quarter. Advisor Group Inc. now owns 2,493 shares of the industrial products company’s stock valued at $131,000 after buying an additional 227 shares during the period. Finally, FNY Partners Fund LP acquired a new stake in shares of Xylem during the first quarter valued at approximately $151,000. 85.57% of the stock is owned by institutional investors and hedge funds.
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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