Mizuho Increases Xylem (NYSE:XYL) Price Target to $135.00

Xylem (NYSE:XYL) had its price target boosted by Mizuho from $110.00 to $135.00 in a research note published on Friday, Benzinga reports. They currently have a neutral rating on the industrial products company’s stock.

XYL has been the topic of a number of other research reports. Stifel Nicolaus raised their target price on shares of Xylem from $136.00 to $150.00 and gave the company a buy rating in a research report on Wednesday, February 7th. Citigroup boosted their price objective on shares of Xylem from $126.00 to $139.00 and gave the stock a neutral rating in a research note on Monday, April 8th. Raymond James raised Xylem from an underperform rating to a market perform rating in a research report on Thursday, January 4th. Oppenheimer boosted their price target on Xylem from $133.00 to $142.00 and gave the stock an outperform rating in a research report on Thursday, April 18th. Finally, BNP Paribas assumed coverage on Xylem in a research report on Tuesday, March 12th. They set an outperform rating and a $150.00 price objective on the stock. Five equities research analysts have rated the stock with a hold rating and eight have assigned a buy rating to the company’s stock. According to data from MarketBeat.com, the company has an average rating of Moderate Buy and an average price target of $140.70.

Xylem Trading Up 0.9 %

Shares of NYSE:XYL traded up $1.22 during trading on Friday, reaching $137.21. 1,418,175 shares of the company were exchanged, compared to its average volume of 1,226,487. The company has a debt-to-equity ratio of 0.19, a current ratio of 1.67 and a quick ratio of 1.30. The firm has a market capitalization of $33.26 billion, a PE ratio of 48.83, a P/E/G ratio of 2.67 and a beta of 1.08. The business’s fifty day simple moving average is $128.64 and its 200-day simple moving average is $115.20. Xylem has a 12-month low of $87.59 and a 12-month high of $138.46.

Xylem (NYSE:XYL) last issued its earnings results on Thursday, May 2nd. The industrial products company reported $0.90 earnings per share for the quarter, beating analysts’ consensus estimates of $0.84 by $0.06. Xylem had a return on equity of 8.95% and a net margin of 8.34%. The business had revenue of $2.03 billion during the quarter, compared to analyst estimates of $2 billion. During the same period in the previous year, the company posted $0.72 EPS. Xylem’s revenue was up 40.4% on a year-over-year basis. On average, research analysts anticipate that Xylem will post 4.2 EPS for the current year.

Xylem Increases Dividend

The company also recently disclosed a quarterly dividend, which was paid on Wednesday, March 20th. Stockholders of record on Wednesday, February 21st were issued a $0.36 dividend. The ex-dividend date of this dividend was Tuesday, February 20th. This is a positive change from Xylem’s previous quarterly dividend of $0.33. This represents a $1.44 dividend on an annualized basis and a dividend yield of 1.05%. Xylem’s dividend payout ratio is currently 51.25%.

Insider Activity at Xylem

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

Institutional Investors Weigh In On Xylem

A number of institutional investors and hedge funds have recently added to or reduced their stakes in the business. Kornitzer Capital Management Inc. KS boosted its position in Xylem by 9.0% in the 4th quarter. Kornitzer Capital Management Inc. KS now owns 109,882 shares of the industrial products company’s stock valued at $12,566,000 after buying an additional 9,114 shares during the period. International Assets Investment Management LLC lifted its position in Xylem by 10,296.7% during the 4th quarter. International Assets Investment Management LLC now owns 63,004 shares of the industrial products company’s stock worth $7,205,000 after acquiring an additional 62,398 shares during the period. ING Groep NV purchased a new position in Xylem in the 3rd quarter valued at $2,752,000. Meiji Yasuda Asset Management Co Ltd. raised its holdings in Xylem by 6.6% during the third quarter. Meiji Yasuda Asset Management Co Ltd. now owns 39,266 shares of the industrial products company’s stock worth $3,574,000 after purchasing an additional 2,438 shares in the last quarter. Finally, SG Americas Securities LLC lifted its holdings in shares of Xylem by 351.2% in the 4th quarter. SG Americas Securities LLC now owns 101,408 shares of the industrial products company’s stock valued at $11,597,000 after buying an additional 78,934 shares during the period. Hedge funds and other institutional investors own 87.96% 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 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.