Shares of Xylem Inc (NYSE:XYL) have earned an average recommendation of “Buy” from the fourteen ratings firms that are presently covering the company, MarketBeat Ratings reports. Five analysts have rated the stock with a hold recommendation and nine have issued a buy recommendation on the company. The average 12 month price objective among brokers that have covered the stock in the last year is $75.00.
Several equities analysts recently weighed in on XYL shares. Zacks Investment Research upgraded shares of Xylem from a “hold” rating to a “buy” rating and set a $81.00 price objective on the stock in a report on Saturday, February 10th. Royal Bank of Canada reiterated a “buy” rating and issued a $80.00 target price on shares of Xylem in a report on Thursday, January 4th. Boenning Scattergood reiterated a “buy” rating on shares of Xylem in a report on Friday, December 15th. BMO Capital Markets reiterated a “buy” rating and issued a $83.00 target price on shares of Xylem in a report on Friday, January 26th. Finally, Seaport Global Securities reiterated a “buy” rating and issued a $83.00 target price on shares of Xylem in a report on Friday, February 2nd.
In related news, insider Tomas Brannemo sold 1,151 shares of the firm’s stock in a transaction on Tuesday, February 27th. The shares were sold at an average price of $76.41, for a total transaction of $87,947.91. The sale was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. Also, Director Curtis J. Crawford sold 7,948 shares of the firm’s stock in a transaction on Thursday, February 8th. The stock was sold at an average price of $71.77, for a total transaction of $570,427.96. Following the sale, the director now owns 55,245 shares in the company, valued at $3,964,933.65. The disclosure for this sale can be found here. Over the last 90 days, insiders have sold 88,216 shares of company stock worth $6,110,375. 0.75% of the stock is currently owned by company insiders.
Shares of Xylem (XYL) traded up $0.81 during midday trading on Friday, reaching $78.45. 1,034,036 shares of the company traded hands, compared to its average volume of 902,155. Xylem has a fifty-two week low of $47.92 and a fifty-two week high of $79.67. The firm has a market capitalization of $14,112.61, a price-to-earnings ratio of 42.64, a P/E/G ratio of 1.51 and a beta of 1.12. 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 (NYSE:XYL) last announced its quarterly earnings data on Thursday, February 1st. The industrial products company reported $0.76 earnings per share for the quarter, meeting the Thomson Reuters’ consensus estimate of $0.76. Xylem had a net margin of 7.03% and a return on equity of 17.95%. The business had revenue of $1.28 billion for the quarter, compared to analyst estimates of $1.27 billion. During the same period in the prior year, the business posted $0.66 earnings per share. Xylem’s revenue was up 16.6% compared to the same quarter last year. equities research analysts anticipate that Xylem will post 2.92 earnings per share for the current fiscal year.
The company also recently announced a quarterly dividend, which was paid on Thursday, March 15th. Shareholders of record on Thursday, February 15th were issued a $0.21 dividend. The ex-dividend date was Wednesday, February 14th. This is a positive change from Xylem’s previous quarterly dividend of $0.18. This represents a $0.84 annualized dividend and a yield of 1.07%. Xylem’s dividend payout ratio (DPR) is 45.65%.
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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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