Xylem Inc. (NYSE:XYL) Given Average Recommendation of “Hold” by Brokerages

Xylem Inc. (NYSE:XYLGet Rating) has been given a consensus recommendation of “Hold” by the fourteen analysts that are currently covering the firm, MarketBeat Ratings reports. One equities research analyst has rated the stock with a sell rating, eight have given a hold rating and three have issued a buy rating on the company. The average 12-month price target among brokerages that have updated their coverage on the stock in the last year is $111.90.

Several equities analysts have weighed in on XYL shares. StockNews.com started coverage on shares of Xylem in a report on Thursday, March 31st. They set a “hold” rating for the company. Mizuho dropped their target price on shares of Xylem from $115.00 to $85.00 in a report on Friday, May 6th. Credit Suisse Group dropped their target price on shares of Xylem from $111.00 to $98.00 and set an “underperform” rating for the company in a report on Friday, February 4th. Zacks Investment Research upgraded shares of Xylem from a “sell” rating to a “hold” rating and set a $89.00 target price for the company in a report on Thursday. Finally, Raymond James upgraded shares of Xylem from an “underperform” rating to a “market perform” rating in a report on Tuesday, April 5th.

Shares of XYL opened at $83.91 on Friday. The company has a 50-day simple moving average of $85.29 and a 200-day simple moving average of $102.70. The company has a quick ratio of 1.21, a current ratio of 1.62 and a debt-to-equity ratio of 0.59. The company has a market capitalization of $15.11 billion, a PE ratio of 36.17, a P/E/G ratio of 2.64 and a beta of 1.08. Xylem has a 52-week low of $80.00 and a 52-week high of $138.78.

Xylem (NYSE:XYLGet Rating) last announced its quarterly earnings results on Wednesday, May 4th. The industrial products company reported $0.47 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.41 by $0.06. The business had revenue of $1.27 billion during the quarter, compared to the consensus estimate of $1.24 billion. Xylem had a net margin of 8.10% and a return on equity of 13.80%. The business’s revenue was up 1.3% compared to the same quarter last year. During the same quarter last year, the firm posted $0.56 EPS. On average, research analysts anticipate that Xylem will post 2.56 EPS for the current year.

The business also recently announced a quarterly dividend, which will be paid on Thursday, June 23rd. Investors of record on Thursday, May 26th will be given a $0.30 dividend. The ex-dividend date of this dividend is Wednesday, May 25th. This represents a $1.20 annualized dividend and a dividend yield of 1.43%. Xylem’s dividend payout ratio is presently 51.72%.

In related news, SVP Colin R. Sabol sold 4,233 shares of the firm’s stock in a transaction that occurred on Monday, April 18th. The shares were sold at an average price of $83.05, for a total value of $351,550.65. Following the sale, the senior vice president now directly owns 27,373 shares of the company’s stock, valued at $2,273,327.65. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink. 0.89% of the stock is currently owned by company insiders.

Several institutional investors and hedge funds have recently added to or reduced their stakes in the stock. Banco Bilbao Vizcaya Argentaria S.A. lifted its position in Xylem by 2.0% during the third quarter. Banco Bilbao Vizcaya Argentaria S.A. now owns 4,416 shares of the industrial products company’s stock valued at $546,000 after buying an additional 86 shares in the last quarter. Green Alpha Advisors LLC lifted its position in Xylem by 1.5% during the fourth quarter. Green Alpha Advisors LLC now owns 6,300 shares of the industrial products company’s stock valued at $755,000 after buying an additional 96 shares in the last quarter. National Asset Management Inc. lifted its position in Xylem by 1.2% during the third quarter. National Asset Management Inc. now owns 8,396 shares of the industrial products company’s stock valued at $1,038,000 after buying an additional 97 shares in the last quarter. Jacobi Capital Management LLC lifted its position in Xylem by 2.5% during the third quarter. Jacobi Capital Management LLC now owns 4,077 shares of the industrial products company’s stock valued at $504,000 after buying an additional 98 shares in the last quarter. Finally, Louisiana State Employees Retirement System lifted its position in Xylem by 0.9% during the fourth quarter. Louisiana State Employees Retirement System now owns 11,300 shares of the industrial products company’s stock valued at $1,355,000 after buying an additional 100 shares in the last quarter. 83.83% of the stock is currently owned by institutional investors and hedge funds.

Xylem Company Profile (Get Rating)

Xylem Inc, together with its subsidiaries, engages in the design, manufacture, and servicing of engineered products and solutions for the water and wastewater applications in the United States, Europe, the Asia Pacific, and internationally. It operates through three segments: Water Infrastructure, Applied Water, and Measurement & Control Solutions.

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