Brokerages Set Xylem Inc (XYL) PT at $79.78

Xylem Inc (NYSE:XYL) has been assigned an average recommendation of “Buy” from the twelve brokerages that are presently covering the firm, Marketbeat Ratings reports. One research analyst has rated the stock with a sell recommendation, four have assigned a hold recommendation and seven have assigned a buy recommendation to the company. The average 12-month price objective among brokers that have issued ratings on the stock in the last year is $79.78.

A number of equities research analysts recently weighed in on the company. Zacks Investment Research upgraded Xylem from a “hold” rating to a “buy” rating and set a $88.00 price target on the stock in a report on Tuesday, March 20th. Boenning Scattergood restated a “buy” rating and issued a $90.00 price target on shares of Xylem in a report on Tuesday, May 1st. BMO Capital Markets lowered their price target on Xylem from $86.00 to $83.00 and set an “outperform” rating on the stock in a report on Wednesday, May 2nd. Oppenheimer restated a “buy” rating and issued a $82.00 price target on shares of Xylem in a report on Tuesday, May 1st. Finally, Canaccord Genuity set a $78.00 price target on Xylem and gave the stock a “hold” rating in a report on Tuesday, April 24th.

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In other Xylem news, Director Curtis J. Crawford sold 7,500 shares of the stock in a transaction on Monday, May 14th. The stock was sold at an average price of $73.39, for a total transaction of $550,425.00. Following the sale, the director now owns 41,744 shares in the company, valued at approximately $3,063,592.16. The sale was disclosed in a legal filing with the SEC, which is available through this link. 0.81% of the stock is currently owned by corporate insiders.

A number of large investors have recently made changes to their positions in the business. Baillie Gifford & Co. grew its holdings in Xylem by 19.0% during the 2nd quarter. Baillie Gifford & Co. now owns 48,518 shares of the industrial products company’s stock valued at $3,269,000 after buying an additional 7,748 shares during the last quarter. Smithfield Trust Co. lifted its stake in shares of Xylem by 1,690.0% during the 2nd quarter. Smithfield Trust Co. now owns 1,611 shares of the industrial products company’s stock worth $108,000 after purchasing an additional 1,521 shares during the period. Rathbone Brothers plc lifted its stake in shares of Xylem by 99.7% during the 2nd quarter. Rathbone Brothers plc now owns 95,350 shares of the industrial products company’s stock worth $6,425,000 after purchasing an additional 47,605 shares during the period. Atria Investments LLC purchased a new position in shares of Xylem during the 2nd quarter worth $571,000. Finally, Daiwa SB Investments Ltd. lifted its stake in shares of Xylem by 192.2% during the 2nd quarter. Daiwa SB Investments Ltd. now owns 59,657 shares of the industrial products company’s stock worth $4,020,000 after purchasing an additional 39,242 shares during the period. Hedge funds and other institutional investors own 82.99% of the company’s stock.

XYL opened at $67.80 on Friday. The company has a market capitalization of $12.33 billion, a P/E ratio of 28.25, a PEG ratio of 1.32 and a beta of 1.09. The company has a debt-to-equity ratio of 0.87, a quick ratio of 1.02 and a current ratio of 1.42. Xylem has a 1-year low of $56.18 and a 1-year high of $79.83.

Xylem (NYSE:XYL) last released its quarterly earnings results on Tuesday, May 1st. The industrial products company reported $0.51 earnings per share for the quarter, hitting analysts’ consensus estimates of $0.51. The business had revenue of $1.22 billion for the quarter, compared to analysts’ expectations of $1.19 billion. Xylem had a return on equity of 18.31% and a net margin of 7.29%. The company’s revenue was up 13.6% compared to the same quarter last year. During the same quarter in the prior year, the firm posted $0.39 EPS. equities research analysts forecast that Xylem will post 2.89 earnings per share for the current fiscal year.

The business also recently announced a quarterly dividend, which was paid on Thursday, June 21st. Shareholders of record on Thursday, May 24th were issued a dividend of $0.21 per share. This represents a $0.84 dividend on an annualized basis and a yield of 1.24%. The ex-dividend date was Wednesday, May 23rd. Xylem’s dividend payout ratio (DPR) is presently 35.00%.

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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