Oppenheimer reissued their hold rating on shares of Xylem (NYSE:XYL) in a report published on Thursday morning, AnalystRatings.com reports.
Several other equities research analysts have also recently commented on XYL. Vertical Research upgraded Xylem from a sell rating to a hold rating in a research note on Friday, May 15th. TheStreet cut shares of Xylem from a b rating to a c+ rating in a report on Tuesday, May 5th. Credit Suisse Group decreased their target price on shares of Xylem from $59.00 to $55.00 and set an underperform rating for the company in a research report on Wednesday, May 6th. Royal Bank of Canada reissued a buy rating on shares of Xylem in a research report on Thursday, July 2nd. Finally, Janney Montgomery Scott raised their price objective on Xylem from $63.00 to $67.00 and gave the company a neutral rating in a report on Wednesday, June 3rd. Three research analysts have rated the stock with a sell rating, thirteen have given a hold rating and three have assigned a buy rating to the company. The stock presently has an average rating of Hold and a consensus target price of $70.64.
XYL opened at $72.98 on Thursday. The stock has a market capitalization of $13.13 billion, a P/E ratio of 52.50, a P/E/G ratio of 3.92 and a beta of 1.03. The company has a current ratio of 2.40, a quick ratio of 1.19 and a debt-to-equity ratio of 1.06. Xylem has a 12 month low of $54.62 and a 12 month high of $89.34. The firm’s fifty day simple moving average is $68.30 and its 200 day simple moving average is $71.87.
Xylem (NYSE:XYL) last released its quarterly earnings results on Thursday, July 30th. The industrial products company reported $0.40 earnings per share (EPS) for the quarter, beating the Thomson Reuters’ consensus estimate of $0.39 by $0.01. The firm had revenue of $1.16 billion for the quarter, compared to the consensus estimate of $1.15 billion. Xylem had a return on equity of 14.72% and a net margin of 5.09%. On average, equities research analysts predict that Xylem will post 1.91 EPS for the current fiscal year.
In other Xylem news, SVP Colin R. Sabol sold 2,066 shares of Xylem stock in a transaction on Wednesday, July 15th. The shares were sold at an average price of $75.00, for a total transaction of $154,950.00. Following the completion of the transaction, the senior vice president now directly owns 31,185 shares of the company’s stock, valued at $2,338,875. The transaction was disclosed in a document filed with the SEC, which is available at the SEC website. Company insiders own 1.01% of the company’s stock.
Institutional investors have recently added to or reduced their stakes in the business. BlackRock Inc. boosted its holdings in shares of Xylem by 15.9% during the first quarter. BlackRock Inc. now owns 16,296,299 shares of the industrial products company’s stock worth $1,061,377,000 after acquiring an additional 2,241,395 shares during the period. Aristotle Capital Management LLC bought a new stake in Xylem in the 1st quarter valued at $540,568,000. Norges Bank acquired a new position in Xylem in the 4th quarter valued at $274,648,000. Geode Capital Management LLC increased its position in Xylem by 2.1% during the 1st quarter. Geode Capital Management LLC now owns 2,742,865 shares of the industrial products company’s stock worth $178,286,000 after buying an additional 56,748 shares during the period. Finally, Victory Capital Management Inc. increased its position in Xylem by 76.3% during the 1st quarter. Victory Capital Management Inc. now owns 1,907,364 shares of the industrial products company’s stock worth $124,226,000 after buying an additional 825,441 shares during the period. 85.88% of the stock is currently owned by hedge funds and other institutional investors.
Xylem Company Profile
Xylem Inc engages in the design, manufacture, and servicing of engineered products and solutions for the water and wastewater applications. It operates in three segments: Water Infrastructure, Applied Water, and Measurement & Control Solutions. The Water Infrastructure segment offers various products, including water and wastewater pumps; controls and systems; filtration, disinfection, and biological treatment equipment; and mobile dewatering equipment under the Flygt, Godwin, Wedeco, Sanitaire, and Leopold names for the transportation and treatment of water.
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