Xylem (XYL) Receives “Buy” Rating from Royal Bank of Canada

Royal Bank of Canada reaffirmed their buy rating on shares of Xylem (NYSE:XYL) in a research report report published on Wednesday morning. Royal Bank of Canada currently has a $77.00 price target on the industrial products company’s stock.

Other research analysts have also recently issued reports about the stock. Cowen reiterated a buy rating and issued a $85.00 target price on shares of Xylem in a report on Friday, October 12th. Oppenheimer reissued a buy rating on shares of Xylem in a research report on Tuesday, July 31st. Robert W. Baird reissued a hold rating and issued a $80.00 price target on shares of Xylem in a research report on Wednesday, August 1st. Canaccord Genuity reissued a hold rating and issued a $78.00 price target on shares of Xylem in a research report on Wednesday, August 1st. Finally, Stifel Nicolaus increased their price target on shares of Xylem from $75.00 to $80.00 and gave the stock a hold rating in a research report on Wednesday, August 1st. One equities research analyst has rated the stock with a sell rating, six have given a hold rating and eight have issued a buy rating to the company’s stock. The stock currently has a consensus rating of Hold and a consensus price target of $79.57.

Shares of XYL opened at $68.02 on Wednesday. Xylem has a one year low of $63.71 and a one year high of $82.44. The stock has a market capitalization of $12.22 billion, a price-to-earnings ratio of 24.56, a PEG ratio of 1.31 and a beta of 1.24. The company has a quick ratio of 1.02, a current ratio of 1.49 and a debt-to-equity ratio of 0.83.

Xylem (NYSE:XYL) last announced its earnings results on Tuesday, October 30th. The industrial products company reported $0.77 EPS for the quarter, hitting the consensus estimate of $0.77. Xylem had a net margin of 7.75% and a return on equity of 19.54%. The company had revenue of $1.29 billion during the quarter, compared to analysts’ expectations of $1.30 billion. During the same period last year, the company posted $0.65 earnings per share. The business’s revenue for the quarter was up 7.7% on a year-over-year basis. As a group, analysts anticipate that Xylem will post 2.89 earnings per share for the current fiscal year.

The business also recently declared a quarterly dividend, which will be paid on Friday, December 7th. Stockholders of record on Thursday, November 1st will be given a $0.21 dividend. This represents a $0.84 dividend on an annualized basis and a dividend yield of 1.23%. The ex-dividend date of this dividend is Wednesday, October 31st. Xylem’s dividend payout ratio (DPR) is 35.00%.

In related news, insider Paul A. Stellato sold 3,000 shares of the firm’s stock in a transaction that occurred on Monday, September 10th. The shares were sold at an average price of $78.63, for a total transaction of $235,890.00. The sale was disclosed in a document filed with the SEC, which is available at this hyperlink. Also, insider Paul A. Stellato sold 1,500 shares of the firm’s stock in a transaction that occurred on Wednesday, September 19th. The shares were sold at an average price of $82.00, for a total transaction of $123,000.00. Following the transaction, the insider now directly owns 12,796 shares in the company, valued at approximately $1,049,272. The disclosure for this sale can be found here. Insiders sold 29,161 shares of company stock valued at $2,327,231 over the last three months. 0.81% of the stock is owned by insiders.

Institutional investors and hedge funds have recently modified their holdings of the stock. Flagship Harbor Advisors LLC bought a new position in Xylem during the second quarter valued at approximately $106,000. Smithfield Trust Co. raised its position in Xylem by 1,690.0% during the second quarter. Smithfield Trust Co. now owns 1,611 shares of the industrial products company’s stock valued at $108,000 after acquiring an additional 1,521 shares in the last quarter. Fort L.P. bought a new position in Xylem during the second quarter valued at approximately $118,000. Stelac Advisory Services LLC bought a new position in Xylem during the second quarter valued at approximately $125,000. Finally, Piedmont Investment Advisors LLC bought a new position in Xylem during the second quarter valued at approximately $139,000. 84.53% of the stock is currently owned by hedge funds and other institutional investors.

About Xylem

Xylem Inc engages in the design, manufacture, and service of engineered solutions for the water and wastewater applications. It operates through three segments: Water Infrastructure, Applied Water, and Measurement and Control Solutions. The Water Infrastructure segment offers various products, including water and wastewater pumps, and controls and systems, as well as filtration, disinfection, and biological treatment equipment under the Flygt, Godwin, Wedeco, Sanitaire, and Leopold names for the transportation, treatment, and testing of water and wastewater applications.

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Analyst Recommendations for Xylem (NYSE:XYL)

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