Xylem (NYSE:XYL) Stock Rating Reaffirmed by Seaport Res Ptn

Xylem (NYSE:XYL)‘s stock had its “neutral” rating reiterated by Seaport Res Ptn in a note issued to investors on Tuesday, PriceTargets.com reports. Seaport Res Ptn also issued estimates for Xylem’s Q3 2023 earnings at $0.90 EPS, Q4 2023 earnings at $0.96 EPS, Q1 2024 earnings at $0.79 EPS, Q2 2024 earnings at $0.99 EPS, Q3 2024 earnings at $0.98 EPS, Q4 2024 earnings at $1.06 EPS, FY2024 earnings at $3.82 EPS, Q1 2025 earnings at $0.88 EPS and FY2025 earnings at $4.30 EPS.

A number of other analysts also recently commented on the company. Royal Bank of Canada decreased their target price on Xylem from $133.00 to $129.00 and set an “outperform” rating on the stock in a research report on Thursday, August 3rd. Deutsche Bank Aktiengesellschaft began coverage on Xylem in a report on Wednesday, June 28th. They issued a “hold” rating and a $121.00 price target for the company. Robert W. Baird raised Xylem from a “neutral” rating to an “outperform” rating and boosted their price target for the stock from $122.00 to $135.00 in a report on Wednesday, May 31st. TheStreet upgraded Xylem from a “c+” rating to a “b-” rating in a research note on Thursday, August 17th. Finally, 888 reiterated an “initiates” rating on shares of Xylem in a research note on Thursday, June 29th. One research analyst has rated the stock with a sell rating, seven have given a hold rating and seven have given a buy rating to the company. According to data from MarketBeat, the stock has a consensus rating of “Hold” and a consensus price target of $118.25.

Xylem Trading Up 1.5 %

XYL opened at $103.49 on Tuesday. Xylem has a one year low of $84.15 and a one year high of $118.58. The company has a market cap of $24.92 billion, a P/E ratio of 55.05, a PEG ratio of 2.48 and a beta of 1.08. The company has a debt-to-equity ratio of 0.23, a quick ratio of 1.14 and a current ratio of 1.64. The business’s 50-day simple moving average is $107.96 and its 200-day simple moving average is $105.21.

Xylem (NYSE:XYL) last released its quarterly earnings results on Wednesday, August 2nd. The industrial products company reported $0.98 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.85 by $0.13. The firm had revenue of $1.72 billion for the quarter, compared to the consensus estimate of $1.49 billion. Xylem had a return on equity of 12.74% and a net margin of 5.81%. The firm’s quarterly revenue was up 26.2% compared to the same quarter last year. During the same quarter last year, the business posted $0.66 EPS. As a group, equities research analysts expect that Xylem will post 3.65 EPS for the current fiscal year.

Insider Activity at Xylem

In related news, CEO Patrick Decker sold 99,649 shares of the stock in a transaction dated Monday, July 3rd. The stock was sold at an average price of $111.62, for a total value of $11,122,821.38. Following the completion of the transaction, the chief executive officer now owns 287,564 shares of the company’s stock, valued at $32,097,893.68. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. 0.90% of the stock is currently owned by company insiders.

Institutional Inflows and Outflows

A number of large investors have recently bought and sold shares of the company. Financial Gravity Asset Management Inc. acquired a new stake in shares of Xylem during the 2nd quarter worth approximately $63,000. Itau Unibanco Holding S.A. acquired a new stake in shares of Xylem during the 4th quarter worth approximately $28,000. Grey Fox Wealth Advisors LLC acquired a new stake in shares of Xylem during the 4th quarter worth approximately $28,000. Bangor Savings Bank raised its position in shares of Xylem by 64.7% during the 2nd quarter. Bangor Savings Bank now owns 275 shares of the industrial products company’s stock worth $31,000 after purchasing an additional 108 shares during the period. Finally, Creative Financial Designs Inc. ADV acquired a new stake in shares of Xylem during the 1st quarter worth approximately $29,000. Institutional investors own 84.53% of the company’s stock.

Xylem Company Profile

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.