Xylem Inc. (NYSE:XYL) Forecasted to Post FY2024 Earnings of $4.25 Per Share

Xylem Inc. (NYSE:XYL) – Seaport Res Ptn upped their FY2024 earnings per share (EPS) estimates for shares of Xylem in a research note issued to investors on Wednesday, July 31st. Seaport Res Ptn analyst S. Graham now forecasts that the industrial products company will earn $4.25 per share for the year, up from their prior forecast of $4.24. The consensus estimate for Xylem’s current full-year earnings is $4.25 per share. Seaport Res Ptn also issued estimates for Xylem’s Q1 2025 earnings at $1.00 EPS and FY2025 earnings at $4.66 EPS.

A number of other research firms have also issued reports on XYL. Mizuho upped their target price on Xylem from $110.00 to $135.00 and gave the company a “neutral” rating in a research note on Friday, May 3rd. Citigroup boosted their target price on shares of Xylem from $126.00 to $139.00 and gave the company a “neutral” rating in a research note on Monday, April 8th. Royal Bank of Canada raised their price target on shares of Xylem from $160.00 to $163.00 and gave the stock an “outperform” rating in a research note on Wednesday. Robert W. Baird boosted their price objective on shares of Xylem from $155.00 to $170.00 and gave the company an “outperform” rating in a research report on Wednesday. Finally, 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. Five research analysts have rated the stock with a hold rating and ten have given a buy rating to the company. Based on data from MarketBeat.com, the company currently has a consensus rating of “Moderate Buy” and an average price target of $146.08.

Xylem Stock Down 2.4 %

XYL opened at $130.15 on Friday. The company has a debt-to-equity ratio of 0.19, a quick ratio of 1.22 and a current ratio of 1.85. The company has a market cap of $31.61 billion, a price-to-earnings ratio of 46.32, a PEG ratio of 2.35 and a beta of 1.04. Xylem has a one year low of $87.59 and a one year high of $146.08. The business’s fifty day moving average is $137.49 and its two-hundred day moving average is $131.20.

Xylem (NYSE:XYL) last announced its earnings results on Tuesday, July 30th. The industrial products company reported $1.09 earnings per share for the quarter, beating the consensus estimate of $1.05 by $0.04. Xylem had a return on equity of 9.48% and a net margin of 9.11%. The company had revenue of $2.17 billion for the quarter, compared to the consensus estimate of $2.14 billion. During the same period last year, the business posted $0.98 EPS. The company’s revenue was up 26.0% on a year-over-year basis.

Hedge Funds Weigh In On Xylem

Several institutional investors have recently made changes to their positions in the stock. EverSource Wealth Advisors LLC increased its holdings in shares of Xylem by 68.8% during the first quarter. EverSource Wealth Advisors LLC now owns 189 shares of the industrial products company’s stock valued at $25,000 after purchasing an additional 77 shares during the period. Blue Trust Inc. raised its position in shares of Xylem by 1,185.7% during the 2nd quarter. Blue Trust Inc. now owns 270 shares of the industrial products company’s stock worth $35,000 after buying an additional 249 shares in the last quarter. FinTrust Capital Advisors LLC boosted its holdings in shares of Xylem by 170.9% in the first quarter. FinTrust Capital Advisors LLC now owns 317 shares of the industrial products company’s stock valued at $41,000 after acquiring an additional 200 shares in the last quarter. Hazlett Burt & Watson Inc. increased its stake in shares of Xylem by 184.9% during the first quarter. Hazlett Burt & Watson Inc. now owns 339 shares of the industrial products company’s stock valued at $43,000 after acquiring an additional 220 shares during the period. Finally, UMB Bank n.a. increased its stake in shares of Xylem by 96.9% during the second quarter. UMB Bank n.a. now owns 382 shares of the industrial products company’s stock valued at $52,000 after acquiring an additional 188 shares during the period. 87.96% of the stock is owned by institutional investors.

Insider Buying and Selling at Xylem

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

Xylem Announces Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Thursday, June 27th. Shareholders of record on Thursday, May 30th were issued a dividend of $0.36 per share. The ex-dividend date of this dividend was Thursday, May 30th. This represents a $1.44 annualized dividend and a yield of 1.11%. Xylem’s dividend payout ratio is presently 51.25%.

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.