Xylem Inc (XYL) Given Average Rating of “Buy” by Brokerages

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.

How to Become a New Pot Stock Millionaire

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.

Several large investors have recently modified their holdings of the stock. BlackRock Inc. raised its holdings in shares of Xylem by 16.0% during the fourth quarter. BlackRock Inc. now owns 14,130,060 shares of the industrial products company’s stock worth $963,668,000 after acquiring an additional 1,949,335 shares during the period. Parnassus Investments CA raised its holdings in shares of Xylem by 0.8% during the fourth quarter. Parnassus Investments CA now owns 6,063,309 shares of the industrial products company’s stock worth $413,518,000 after acquiring an additional 48,919 shares during the period. Impax Asset Management LTD raised its holdings in shares of Xylem by 0.6% during the third quarter. Impax Asset Management LTD now owns 3,106,646 shares of the industrial products company’s stock worth $194,569,000 after acquiring an additional 18,698 shares during the period. Bank of New York Mellon Corp raised its holdings in shares of Xylem by 31.6% during the third quarter. Bank of New York Mellon Corp now owns 2,027,810 shares of the industrial products company’s stock worth $127,002,000 after acquiring an additional 487,360 shares during the period. Finally, Geode Capital Management LLC raised its holdings in shares of Xylem by 5.5% during the fourth quarter. Geode Capital Management LLC now owns 2,027,704 shares of the industrial products company’s stock worth $138,016,000 after acquiring an additional 106,271 shares during the period. Institutional investors and hedge funds own 85.46% of the company’s stock.

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%.

WARNING: “Xylem Inc (XYL) Given Average Rating of “Buy” by Brokerages” was first published by Community Financial News and is owned by of Community Financial News. If you are accessing this piece on another domain, it was stolen and reposted in violation of United States & international copyright & trademark laws. The original version of this piece can be accessed at https://www.com-unik.info/2018/03/18/xylem-inc-xyl-given-average-rating-of-buy-by-brokerages.html.

About Xylem

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.

Analyst Recommendations for Xylem (NYSE:XYL)

Receive News & Ratings for Xylem Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Xylem and related companies with MarketBeat.com's FREE daily email newsletter.

Comments

Leave a Reply


share news on Facebook
tweet this investment news
share on linkedin
share on StockTwits
share on Google Plus
share on reddit