Xylem Inc. (NYSE:XYL) had its target price upped by BMO Capital Markets from $60.00 to $65.00 in a report released on Wednesday. The brokerage currently has an outperform rating on the industrial products company’s stock.
Several other equities analysts have also recently issued reports on XYL. Oppenheimer Holdings, Inc. set a $58.00 price objective on Xylem and gave the stock a buy rating in a report on Wednesday, April 5th. CIBC reaffirmed a buy rating and set a $58.00 price objective on shares of Xylem in a report on Thursday, April 6th. Barclays PLC raised Xylem from an equal weight rating to an overweight rating and lifted their price objective for the stock from $51.00 to $59.00 in a report on Monday, May 15th. Stifel Nicolaus reaffirmed a hold rating and set a $52.00 price objective on shares of Xylem in a report on Friday, May 26th. Finally, Boenning Scattergood reaffirmed a buy rating and set a $55.00 price objective on shares of Xylem in a report on Wednesday, June 7th. Five investment analysts have rated the stock with a hold rating and eleven have assigned a buy rating to the company. The company currently has a consensus rating of Buy and a consensus price target of $58.23.
Xylem (XYL) opened at 60.02 on Wednesday. The company has a 50-day moving average price of $55.49 and a 200 day moving average price of $51.39. Xylem has a 1-year low of $45.60 and a 1-year high of $60.14. The firm has a market capitalization of $10.78 billion, a P/E ratio of 38.75 and a beta of 1.18.
Xylem (NYSE:XYL) last issued its quarterly earnings data on Tuesday, August 1st. The industrial products company reported $0.59 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.57 by $0.02. The firm had revenue of $1.16 billion during the quarter, compared to analysts’ expectations of $1.17 billion. Xylem had a return on equity of 16.02% and a net margin of 7.08%. Xylem’s revenue was up 24.9% on a year-over-year basis. During the same period in the previous year, the firm posted $0.48 earnings per share. Analysts expect that Xylem will post $2.36 earnings per share for the current fiscal year.
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In other news, Director Steven R. Loranger sold 66,132 shares of the business’s stock in a transaction on Thursday, June 29th. The stock was sold at an average price of $55.01, for a total value of $3,637,921.32. Following the completion of the transaction, the director now directly owns 65,030 shares of the company’s stock, valued at $3,577,300.30. The transaction was disclosed in a legal filing with the SEC, which is accessible through this hyperlink. Insiders own 0.75% of the company’s stock.
Several institutional investors have recently added to or reduced their stakes in XYL. Vanguard Group Inc. raised its position in Xylem by 3.7% in the first quarter. Vanguard Group Inc. now owns 17,287,871 shares of the industrial products company’s stock valued at $868,197,000 after buying an additional 619,368 shares during the last quarter. BlackRock Inc. raised its position in Xylem by 2,452.8% in the first quarter. BlackRock Inc. now owns 12,042,342 shares of the industrial products company’s stock valued at $604,765,000 after buying an additional 11,570,613 shares during the last quarter. Pictet Asset Management Ltd. raised its position in Xylem by 7.9% in the second quarter. Pictet Asset Management Ltd. now owns 4,342,944 shares of the industrial products company’s stock valued at $226,441,000 after buying an additional 318,756 shares during the last quarter. Janus Capital Management LLC raised its position in Xylem by 3.5% in the first quarter. Janus Capital Management LLC now owns 2,563,661 shares of the industrial products company’s stock valued at $128,747,000 after buying an additional 86,938 shares during the last quarter. Finally, Impax Asset Management LTD raised its position in Xylem by 24.5% in the first quarter. Impax Asset Management LTD now owns 2,404,602 shares of the industrial products company’s stock valued at $120,758,000 after buying an additional 472,504 shares during the last quarter. 85.76% of the stock is owned by institutional investors.
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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