Xylem Inc. (NYSE:XYL) Given Consensus Rating of “Moderate Buy” by Brokerages

Xylem Inc. (NYSE:XYL) has been assigned a consensus recommendation of “Moderate Buy” from the fourteen brokerages that are presently covering the stock, Marketbeat.com reports. Four research analysts have rated the stock with a hold recommendation and ten have issued a buy recommendation on the company. The average 12-month price target among analysts that have issued a report on the stock in the last year is $142.92.

Several research firms recently issued reports on XYL. Mizuho boosted their target price on shares of Xylem from $110.00 to $135.00 and gave the company a “neutral” rating in a report on Friday, May 3rd. Oppenheimer boosted their target price on shares of Xylem from $147.00 to $152.00 and gave the company an “outperform” rating in a report on Friday, May 31st. TD Cowen boosted their target price on shares of Xylem from $135.00 to $138.00 and gave the company a “buy” rating in a report on Thursday, June 6th. Citigroup boosted their target price on shares of Xylem from $126.00 to $139.00 and gave the company a “neutral” rating in a report on Monday, April 8th. Finally, Royal Bank of Canada boosted their target price on shares of Xylem from $157.00 to $162.00 and gave the company an “outperform” rating in a report on Friday, May 3rd.

Insiders Place Their Bets

In other Xylem news, CAO Geri-Michelle Mcshane sold 2,278 shares of the company’s stock in a transaction dated Monday, June 10th. The shares were sold at an average price of $138.63, for a total value of $315,799.14. Following the completion of the sale, the chief accounting officer now directly owns 3,536 shares of the company’s stock, valued at approximately $490,195.68. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. In other Xylem news, CAO Geri-Michelle Mcshane sold 2,278 shares of the business’s stock in a transaction dated Monday, June 10th. The shares were sold at an average price of $138.63, for a total value of $315,799.14. Following the transaction, the chief accounting officer now directly owns 3,536 shares in the company, valued at $490,195.68. The transaction was disclosed in a filing with the SEC, which can be accessed through this hyperlink. Also, SVP Rodney Aulick sold 21,800 shares of the business’s stock in a transaction dated Wednesday, June 5th. The shares were sold at an average price of $139.01, for a total transaction of $3,030,418.00. Following the completion of the transaction, the senior vice president now owns 76,287 shares in the company, valued at $10,604,655.87. The disclosure for this sale can be found here. 0.27% of the stock is currently owned by insiders.

Institutional Trading of Xylem

Institutional investors have recently modified their holdings of the business. Kornitzer Capital Management Inc. KS lifted its stake in shares of Xylem by 9.0% during the 4th quarter. Kornitzer Capital Management Inc. KS now owns 109,882 shares of the industrial products company’s stock valued at $12,566,000 after buying an additional 9,114 shares in the last quarter. DZ BANK AG Deutsche Zentral Genossenschafts Bank Frankfurt am Main lifted its stake in shares of Xylem by 1,503.7% during the 4th quarter. DZ BANK AG Deutsche Zentral Genossenschafts Bank Frankfurt am Main now owns 1,649,926 shares of the industrial products company’s stock valued at $188,685,000 after buying an additional 1,547,043 shares in the last quarter. International Assets Investment Management LLC lifted its stake in Xylem by 10,296.7% in the 4th quarter. International Assets Investment Management LLC now owns 63,004 shares of the industrial products company’s stock worth $7,205,000 after purchasing an additional 62,398 shares in the last quarter. Vanguard Group Inc. lifted its stake in Xylem by 0.7% in the 4th quarter. Vanguard Group Inc. now owns 28,048,996 shares of the industrial products company’s stock worth $3,207,683,000 after purchasing an additional 187,847 shares in the last quarter. Finally, Evoke Wealth LLC purchased a new stake in Xylem in the 4th quarter worth approximately $680,000. 87.96% of the stock is currently owned by hedge funds and other institutional investors.

Xylem Stock Performance

NYSE XYL opened at $132.71 on Friday. The firm’s fifty day moving average price is $138.89 and its two-hundred day moving average price is $127.50. The stock has a market cap of $32.18 billion, a PE ratio of 47.23, a PEG ratio of 2.34 and a beta of 1.04. Xylem has a fifty-two week low of $87.59 and a fifty-two week high of $146.08. The company has a debt-to-equity ratio of 0.19, a quick ratio of 1.22 and a current ratio of 1.67.

Xylem (NYSE:XYL) last issued its quarterly earnings results on Thursday, May 2nd. The industrial products company reported $0.90 EPS for the quarter, topping analysts’ consensus estimates of $0.84 by $0.06. The company had revenue of $2.03 billion for the quarter, compared to analyst estimates of $2 billion. Xylem had a net margin of 8.34% and a return on equity of 8.95%. Xylem’s revenue was up 40.4% compared to the same quarter last year. During the same quarter in the previous year, the business earned $0.72 earnings per share. On average, equities analysts expect that Xylem will post 4.24 EPS for the current fiscal year.

Xylem Dividend Announcement

The company also recently disclosed a quarterly dividend, which was paid on Thursday, June 27th. Shareholders of record on Thursday, May 30th were given a $0.36 dividend. This represents a $1.44 dividend on an annualized basis and a yield of 1.09%. The ex-dividend date was Thursday, May 30th. Xylem’s payout ratio is 51.25%.

Xylem Company Profile

Xylem Inc, together with its subsidiaries, engages in the design, manufacture, and servicing of engineered products and solutions worldwide. It operates through four segments: Water Infrastructure, Applied Water, Measurement & Control Solutions, and Integrated Solutions and Services. The Water Infrastructure segment offers products, including water, storm water, and wastewater pumps; controls and systems; filtration, disinfection, and biological treatment equipment; and mobile dewatering equipment and rental services under the ADI, Flygt, Godwin, Sanitaire, Magneto, Neptune Benson, Ionpure, Leopold, Wedeco, and Xylem Vue brands.