Xylem Inc. (NYSE:XYL) Receives $144.58 Consensus Target Price from Brokerages

Xylem Inc. (NYSE:XYL) has been assigned an average rating of “Moderate Buy” from the fourteen analysts that are presently covering the firm, MarketBeat Ratings reports. Four research analysts have rated the stock with a hold recommendation and ten have given a buy recommendation to the company. The average 1 year price target among brokers that have issued ratings on the stock in the last year is $144.58.

A number of brokerages recently commented on XYL. TD Cowen lifted their price objective on Xylem from $135.00 to $138.00 and gave the stock a “buy” rating in a research report on Thursday, June 6th. Mizuho boosted their price target on shares of Xylem from $110.00 to $135.00 and gave the company a “neutral” rating in a research report on Friday, May 3rd. Robert W. Baird upped their price objective on shares of Xylem from $151.00 to $155.00 and gave the company an “outperform” rating in a report on Friday, May 3rd. Oppenheimer lifted their target price on shares of Xylem from $147.00 to $152.00 and gave the stock an “outperform” rating in a research note on Friday, May 31st. Finally, Stifel Nicolaus boosted their target price on shares of Xylem from $157.00 to $170.00 and gave the company a “buy” rating in a report on Thursday, July 18th.

Insider Activity at Xylem

In other Xylem news, SVP Rodney Aulick sold 21,800 shares of Xylem stock in a transaction dated Wednesday, June 5th. The stock was sold at an average price of $139.01, for a total value of $3,030,418.00. Following the completion of the transaction, the senior vice president now directly owns 76,287 shares of the company’s stock, valued at approximately $10,604,655.87. The transaction was disclosed in a filing with the SEC, which is accessible through this hyperlink. In other Xylem news, SVP Rodney Aulick sold 21,800 shares of the firm’s stock in a transaction that occurred on Wednesday, June 5th. The shares were sold at an average price of $139.01, for a total value of $3,030,418.00. Following the completion of the transaction, the senior vice president now owns 76,287 shares of the company’s stock, valued at approximately $10,604,655.87. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this link. Also, CAO Geri-Michelle Mcshane sold 2,278 shares of the company’s stock in a transaction on Monday, June 10th. The stock was sold at an average price of $138.63, for a total value of $315,799.14. Following the sale, the chief accounting officer now directly owns 3,536 shares in the company, valued at approximately $490,195.68. The disclosure for this sale can be found here. Company insiders own 0.27% of the company’s stock.

Hedge Funds Weigh In On Xylem

A number of institutional investors and hedge funds have recently made changes to their positions in the stock. DZ BANK AG Deutsche Zentral Genossenschafts Bank Frankfurt am Main lifted its stake in Xylem by 1,503.7% in the fourth quarter. DZ BANK AG Deutsche Zentral Genossenschafts Bank Frankfurt am Main now owns 1,649,926 shares of the industrial products company’s stock worth $188,685,000 after acquiring an additional 1,547,043 shares during the last quarter. Kornitzer Capital Management Inc. KS grew its stake in shares of Xylem by 9.0% during the fourth quarter. Kornitzer Capital Management Inc. KS now owns 109,882 shares of the industrial products company’s stock worth $12,566,000 after purchasing an additional 9,114 shares in the last quarter. Duality Advisers LP purchased a new position in Xylem in the first quarter valued at $6,746,000. International Assets Investment Management LLC raised its stake in Xylem by 10,296.7% in the fourth quarter. International Assets Investment Management LLC now owns 63,004 shares of the industrial products company’s stock valued at $7,205,000 after buying an additional 62,398 shares in the last quarter. Finally, Vanguard Group Inc. lifted its holdings in Xylem by 0.7% during the 4th quarter. Vanguard Group Inc. now owns 28,048,996 shares of the industrial products company’s stock worth $3,207,683,000 after buying an additional 187,847 shares during the last quarter. 87.96% of the stock is owned by institutional investors and hedge funds.

Xylem Trading Up 2.7 %

Shares of XYL opened at $140.84 on Tuesday. Xylem has a 52-week low of $87.59 and a 52-week high of $146.08. The stock has a market cap of $34.15 billion, a PE ratio of 50.12, a price-to-earnings-growth ratio of 2.44 and a beta of 1.04. The firm’s fifty day moving average is $138.55 and its two-hundred day moving average is $130.40. The company has a quick ratio of 1.22, a current ratio of 1.67 and a debt-to-equity ratio of 0.19.

Xylem (NYSE:XYL) last posted its quarterly earnings results on Thursday, May 2nd. The industrial products company reported $0.90 earnings per share for the quarter, topping analysts’ consensus estimates of $0.84 by $0.06. The firm had revenue of $2.03 billion for the quarter, compared to analyst estimates of $2 billion. Xylem had a net margin of 8.34% and a return on equity of 8.95%. Xylem’s quarterly revenue was up 40.4% on a year-over-year basis. During the same period in the previous year, the business posted $0.72 earnings per share. Research analysts forecast that Xylem will post 4.22 earnings per share for the current fiscal year.

Xylem Announces Dividend

The company also recently declared a quarterly dividend, which was paid on Thursday, June 27th. Stockholders of record on Thursday, May 30th were given a dividend of $0.36 per share. The ex-dividend date was Thursday, May 30th. This represents a $1.44 annualized dividend and a dividend yield of 1.02%. Xylem’s dividend payout ratio is currently 51.25%.

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.