Xylem Inc. (XYL) Shares Up -0.4%
Xylem Inc. (NYSE:XYL) shot up 0.4% on Tuesday . The company traded as high as $49.98 and last traded at $49.62, with a volume of 975,571 shares changing hands. The stock had previously closed at $49.81.
A number of brokerages have weighed in on XYL. Atlantic Securities raised shares of Xylem from a “neutral” rating to an “overweight” rating and set a $54.00 price target for the company in a report on Monday, August 22nd. Canaccord Genuity reissued a “hold” rating and issued a $50.00 price target (up from $45.00) on shares of Xylem in a report on Tuesday, August 16th. RBC Capital Markets set a $51.00 price target on shares of Xylem and gave the company a “buy” rating in a report on Tuesday, August 16th. Royal Bank Of Canada upped their price target on shares of Xylem from $47.00 to $51.00 and gave the company an “outperform” rating in a report on Tuesday, August 16th. Finally, Barclays PLC upped their price target on shares of Xylem from $39.00 to $45.00 and gave the company an “equal weight” rating in a report on Monday, July 18th. Nine analysts have rated the stock with a hold rating and six have assigned a buy rating to the stock. The company presently has an average rating of “Hold” and an average target price of $45.00.
The stock has a market cap of $8.87 billion, a PE ratio of 26.42 and a beta of 1.15. The company has a 50-day moving average price of $49.35 and a 200-day moving average price of $44.51.
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Xylem (NYSE:XYL) last announced its quarterly earnings data on Tuesday, August 2nd. The company reported $0.48 EPS for the quarter, topping the Zacks’ consensus estimate of $0.47 by $0.01. The firm earned $932 million during the quarter, compared to analyst estimates of $927.69 million. Xylem had a return on equity of 16.41% and a net margin of 9.22%. The company’s revenue was up 1.3% on a year-over-year basis. During the same period last year, the company earned $0.43 earnings per share. Analysts expect that Xylem Inc. will post $2.04 EPS for the current fiscal year.
The company also recently disclosed a quarterly dividend, which will be paid on Wednesday, September 21st. Investors of record on Wednesday, August 31st will be given a $0.1549 dividend. The ex-dividend date of this dividend is Monday, August 29th. This represents a $0.62 dividend on an annualized basis and a yield of 1.25%. Xylem’s payout ratio is 33.16%.
In related news, insider Colin R. Sabol sold 27,473 shares of Xylem stock in a transaction dated Thursday, September 8th. The stock was sold at an average price of $50.91, for a total value of $1,398,650.43. Following the completion of the sale, the insider now directly owns 65,530 shares in the company, valued at $3,336,132.30. The sale was disclosed in a filing with the SEC, which is available through the SEC website. Also, insider Tomas Brannemo sold 8,524 shares of Xylem stock in a transaction dated Wednesday, August 17th. The stock was sold at an average price of $50.06, for a total value of $426,711.44. The disclosure for this sale can be found here. 0.77% of the stock is owned by corporate insiders.
Hedge funds have recently made changes to their positions in the company. Kentucky Retirement Systems Insurance Trust Fund purchased a new stake in shares of Xylem during the second quarter worth approximately $323,000. Kentucky Retirement Systems purchased a new stake in shares of Xylem during the second quarter worth approximately $679,000. KAMES CAPITAL plc raised its stake in shares of Xylem by 27.3% in the second quarter. KAMES CAPITAL plc now owns 25,381 shares of the company’s stock worth $1,133,000 after buying an additional 5,441 shares during the last quarter. Mason Street Advisors LLC purchased a new stake in shares of Xylem during the second quarter worth approximately $1,076,000. Finally, Northwestern Mutual Wealth Management Co. raised its stake in shares of Xylem by 41.2% in the second quarter. Northwestern Mutual Wealth Management Co. now owns 2,699 shares of the company’s stock worth $120,000 after buying an additional 788 shares during the last quarter. Hedge funds and other institutional investors own 84.72% of the company’s stock.
Xylem Company Profile
Xylem Inc is engaged in the design, manufacturing, and application of engineered technologies for the water industry. The Company 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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