Xylem Inc. (NYSE:XYL) – Equities researchers at Boenning Scattergood increased their Q2 2018 earnings per share (EPS) estimates for shares of Xylem in a research note issued to investors on Tuesday. Boenning Scattergood analyst R. Connors now anticipates that the industrial products company will earn $0.68 per share for the quarter, up from their prior forecast of $0.64. Boenning Scattergood currently has a “Outperform” rating on the stock. Boenning Scattergood also issued estimates for Xylem’s Q4 2018 earnings at $0.87 EPS and FY2018 earnings at $2.75 EPS.
Xylem (NYSE:XYL) last issued its quarterly earnings data on Tuesday, October 31st. The industrial products company reported $0.65 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.64 by $0.01. The firm had revenue of $1.20 billion for the quarter, compared to analyst estimates of $1.18 billion. Xylem had a net margin of 6.58% and a return on equity of 17.26%. Xylem’s revenue was up 33.2% on a year-over-year basis. During the same period in the previous year, the firm earned $0.54 EPS.
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A number of other equities analysts have also weighed in on the stock. Oppenheimer Holdings, Inc. upped their price target on shares of Xylem from $66.00 to $75.00 and gave the stock an “outperform” rating in a research report on Wednesday. BMO Capital Markets upped their target price on shares of Xylem from $74.00 to $76.00 and gave the stock an “outperform” rating in a research report on Wednesday. Stifel Nicolaus restated a “hold” rating and set a $63.00 target price on shares of Xylem in a research report on Friday, October 13th. Canaccord Genuity restated a “hold” rating and set a $56.00 target price on shares of Xylem in a research report on Friday, October 6th. Finally, Zacks Investment Research upgraded shares of Xylem from a “hold” rating to a “buy” rating and set a $71.00 target price for the company in a research report on Thursday, October 5th. Six analysts have rated the stock with a hold rating and ten have assigned a buy rating to the company’s stock. The stock currently has an average rating of “Buy” and a consensus price target of $63.46.
Shares of Xylem (NYSE XYL) traded down 0.27% during mid-day trading on Wednesday, reaching $66.17. 510,327 shares of the company traded hands. The company’s 50 day moving average is $64.09 and its 200 day moving average is $57.65. The stock has a market capitalization of $11.88 billion, a price-to-earnings ratio of 42.72 and a beta of 1.17. Xylem has a 52-week low of $46.67 and a 52-week high of $67.64.
A number of institutional investors have recently added to or reduced their stakes in the stock. Farmers & Merchants Investments Inc. raised its stake in Xylem by 0.7% during the second quarter. Farmers & Merchants Investments Inc. now owns 3,445 shares of the industrial products company’s stock valued at $191,000 after purchasing an additional 25 shares in the last quarter. Commonwealth of Pennsylvania Public School Empls Retrmt SYS raised its stake in Xylem by 0.3% during the second quarter. Commonwealth of Pennsylvania Public School Empls Retrmt SYS now owns 13,352 shares of the industrial products company’s stock valued at $740,000 after purchasing an additional 39 shares in the last quarter. CIBC Asset Management Inc raised its stake in Xylem by 0.3% during the second quarter. CIBC Asset Management Inc now owns 17,671 shares of the industrial products company’s stock valued at $980,000 after purchasing an additional 58 shares in the last quarter. Page Arthur B raised its stake in Xylem by 0.5% during the second quarter. Page Arthur B now owns 14,420 shares of the industrial products company’s stock valued at $798,000 after purchasing an additional 70 shares in the last quarter. Finally, Manchester Capital Management LLC raised its stake in Xylem by 0.5% during the second quarter. Manchester Capital Management LLC now owns 14,198 shares of the industrial products company’s stock valued at $787,000 after purchasing an additional 76 shares in the last quarter. 86.59% of the stock is currently owned by institutional investors.
In related news, insider Kenneth Napolitano sold 9,052 shares of the company’s stock in a transaction on Wednesday, August 9th. The shares were sold at an average price of $60.16, for a total transaction of $544,568.32. Following the sale, the insider now owns 35,303 shares of the company’s stock, valued at $2,123,828.48. The transaction was disclosed in a legal filing with the SEC, which is available through the SEC website. 0.75% of the stock is owned by corporate insiders.
The firm also recently declared a quarterly dividend, which will be paid on Wednesday, December 6th. Investors of record on Thursday, November 2nd will be paid a dividend of $0.18 per share. This represents a $0.72 dividend on an annualized basis and a yield of 1.08%. The ex-dividend date is Wednesday, November 1st. Xylem’s payout ratio is 46.45%.
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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