Xylem (NYSE:XYL) Hits New 52-Week High at $130.86

Xylem Inc. (NYSE:XYL)’s share price hit a new 52-week high during mid-day trading on Tuesday . The company traded as high as $130.86 and last traded at $130.40, with a volume of 236459 shares traded. The stock had previously closed at $128.98.

Wall Street Analyst Weigh In

A number of equities research analysts have recently issued reports on the company. Raymond James raised Xylem from an “underperform” rating to a “market perform” rating in a research report on Thursday, January 4th. Royal Bank of Canada boosted their target price on Xylem from $140.00 to $145.00 and gave the stock an “outperform” rating in a research report on Wednesday, February 7th. Citigroup boosted their target price on Xylem from $126.00 to $139.00 and gave the stock a “neutral” rating in a research report on Monday, April 8th. BNP Paribas initiated coverage on Xylem in a research report on Tuesday, March 12th. They set an “outperform” rating and a $150.00 price target on the stock. Finally, Robert W. Baird upped their price target on Xylem from $141.00 to $148.00 and gave the company an “outperform” rating in a research report on Thursday, March 21st. Four equities research analysts have rated the stock with a hold rating and eight have assigned a buy rating to the company. Based on data from MarketBeat.com, the company presently has a consensus rating of “Moderate Buy” and a consensus price target of $138.11.

Xylem Stock Performance

The firm has a 50-day simple moving average of $127.30 and a two-hundred day simple moving average of $113.22. The company has a market capitalization of $31.67 billion, a price-to-earnings ratio of 48.04, a price-to-earnings-growth ratio of 2.60 and a beta of 1.10. The company has a current ratio of 1.76, a quick ratio of 1.30 and a debt-to-equity ratio of 0.22.

Xylem (NYSE:XYL) last announced its earnings results on Tuesday, February 6th. The industrial products company reported $0.99 earnings per share for the quarter, beating the consensus estimate of $0.96 by $0.03. Xylem had a return on equity of 9.65% and a net margin of 8.27%. The firm had revenue of $2.12 billion during the quarter, compared to the consensus estimate of $2.05 billion. During the same quarter in the prior year, the company earned $0.92 EPS. The firm’s revenue for the quarter was up 40.6% compared to the same quarter last year. As a group, sell-side analysts forecast that Xylem Inc. will post 4.13 earnings per share for the current fiscal year.

Xylem Increases Dividend

The company also recently declared a quarterly dividend, which was paid on Wednesday, March 20th. Shareholders of record on Wednesday, February 21st were issued a $0.36 dividend. This is a boost from Xylem’s previous quarterly dividend of $0.33. The ex-dividend date was Tuesday, February 20th. This represents a $1.44 annualized dividend and a yield of 1.10%. Xylem’s dividend payout ratio is 52.94%.

Insider Buying and Selling at Xylem

In other Xylem news, CAO Geri-Michelle Mcshane sold 1,000 shares of the company’s stock in a transaction that occurred on Tuesday, February 20th. The stock was sold at an average price of $122.89, for a total value of $122,890.00. Following the completion of the transaction, the chief accounting officer now owns 2,935 shares of the company’s stock, valued at approximately $360,682.15. The transaction was disclosed in a legal filing with the SEC, which is available at this hyperlink. In other news, SVP Franz Cerwinka sold 2,408 shares of the stock in a transaction that occurred on Thursday, February 8th. The stock was sold at an average price of $121.79, for a total value of $293,270.32. Following the completion of the transaction, the senior vice president now directly owns 11,750 shares of the company’s stock, valued at approximately $1,431,032.50. The sale was disclosed in a legal filing with the SEC, which is available at this link. Also, CAO Geri-Michelle Mcshane sold 1,000 shares of the stock in a transaction that occurred on Tuesday, February 20th. The stock was sold at an average price of $122.89, for a total value of $122,890.00. Following the completion of the transaction, the chief accounting officer now directly owns 2,935 shares of the company’s stock, valued at $360,682.15. The disclosure for this sale can be found here. Insiders own 0.27% of the company’s stock.

Institutional Investors Weigh In On Xylem

A number of hedge funds and other institutional investors have recently bought and sold shares of the business. CWM LLC raised its position in Xylem by 209.8% in the 3rd quarter. CWM LLC now owns 7,687 shares of the industrial products company’s stock valued at $700,000 after purchasing an additional 5,206 shares during the last quarter. AE Wealth Management LLC raised its position in Xylem by 122.0% in the 3rd quarter. AE Wealth Management LLC now owns 19,369 shares of the industrial products company’s stock valued at $1,763,000 after purchasing an additional 10,646 shares during the last quarter. HB Wealth Management LLC raised its position in Xylem by 13.0% in the 3rd quarter. HB Wealth Management LLC now owns 2,259 shares of the industrial products company’s stock valued at $206,000 after purchasing an additional 259 shares during the last quarter. Exchange Traded Concepts LLC raised its position in Xylem by 7.6% in the 3rd quarter. Exchange Traded Concepts LLC now owns 38,862 shares of the industrial products company’s stock valued at $3,538,000 after purchasing an additional 2,734 shares during the last quarter. Finally, Riverwater Partners LLC raised its position in Xylem by 9.1% in the 3rd quarter. Riverwater Partners LLC now owns 2,409 shares of the industrial products company’s stock valued at $219,000 after purchasing an additional 200 shares during the last quarter. 87.96% of the stock is owned by institutional investors and hedge funds.

About Xylem

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.